Norwegian Hydrogen
Financials
Estimates*
NOK | 2020 | 2021 | 2022 |
---|---|---|---|
Revenues | 3.6m | 3.1m | 18.1m |
% growth | - | (13 %) | 476 % |
Profit | (2.7m) | (14.8m) | (61.5m) |
% profit margin | (74 %) | (473 %) | (341 %) |
Date | Investors | Amount | Round |
---|---|---|---|
* | NOK100m Valuation: NOK800m 44.3x EV/LTM Revenues | Growth Equity VC | |
Total Funding | €11.0m |
Related Content
Recent News about Norwegian Hydrogen
EditNorwegian Hydrogen is at the forefront of the green transition, focusing on the development and operation of green hydrogen infrastructure. The company primarily serves heavy-duty transport and maritime customer segments, providing essential zero-emission solutions where traditional batteries and charging infrastructure fall short. Norwegian Hydrogen operates in the renewable energy market, leveraging electrolysis to produce green hydrogen using renewable electricity and water. This hydrogen is then used to fuel various forms of transport, significantly reducing emissions.
The business model revolves around the production and distribution of green hydrogen, with revenue generated through the sale of hydrogen fuel and related infrastructure services. The company has also entered into strategic partnerships, such as the cooperation with Glocal Green for hydrogen production in conjunction with bio-methanol production, further expanding its market reach and capabilities.
Norwegian Hydrogen's commitment to sustainability and innovation positions it as a key player in the renewable energy sector, addressing the urgent need for zero-emission transport solutions.
Keywords: green hydrogen, heavy-duty transport, maritime, zero-emission, renewable energy, electrolysis, hydrogen fuel, infrastructure, sustainability, innovation.