Maritime transport and industry need reliable supplies of low-emission hydrogen, but industrial-scale liquefied hydrogen production and distribution remain limited.
R&D Focus
Integrated production, liquefaction, distribution and supply chains for renewable liquid hydrogen.
Innovative Solution
Gen2 Energy develops, builds, owns and operates renewable hydrogen production sites and distribution networks, with a focus on liquefied hydrogen for maritime, mobility and industrial users.
Solution Effectiveness
The Monstad project has a 150 MW grid-capacity reservation and is planned to produce up to 60 tonnes of liquefied green hydrogen per day. The company reports a total project portfolio of 995 MW.
Investment Funding
Last Funding Stage
Venture - Series Unknown
Total Funding Amount
16.83M
Last Funding Amount
16.83M
Last Funding Date
03-03-2022
Lead Investors
HYCAP, HydrogenOne Capital
People
Founders
Kristian Sjøvold
Svein-Erik Figved
Terje Simonsen
About
Gen2 Energy creates, runs, and manages a green hydrogen supply chain.
Products
Product
Gen2 Nesbruket and Monstad: planned renewable liquid-hydrogen production facilities for maritime, mobility and industry.
Star Product
Gen2 Nesbruket – an industrial-scale liquefied-hydrogen project focused on the maritime market.
Demo Product or Complete Product?
Industrial project-development stage. The Nesbruket project was selected for EU support to move liquefied hydrogen from demonstration toward industrial deployment.
Future Plan
Market Expansion
The company is developing four Norwegian coastal locations and a liquid-hydrogen supply route into Germany and wider Northern Europe.
Investment Funding
The Gen2 Nesbruket project was awarded EUR 62 million under the European Innovation Fund 2025 Hydrogen Auction.
M&A and Collabs
Collab
MB Energy: MoU to develop production, offtake and distribution of RFNBO-compliant liquid hydrogen from Norway to German customers.
Collab
Statnett, Tensio and Afjord municipality: grid and local collaboration supporting development of the Monstad project.
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