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Gen2 Energy
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About Gen2 Energy

Company Overview

Name

Gen2 Energy AS, a private Norwegian hydrogen company

Headquarters

Borre, Norway

Founded

2019

Size

Approximately 30 employees (source: pitchbook.com). Revenue of NOK 813,000 in 2023 (source: purehelp.no).

What They Do

Gen2 Energy AS is focused on developing, building, owning, and operating an integrated green-hydrogen value chain rather than acting as a general renewable-power developer (source: gen2energy.com). Their mission centers on providing Europe with clean green hydrogen by establishing large-scale production capacity based entirely on renewable electricity and operating an intelligent logistics network for hydrogen distribution (source: gen2energy.com). The company is setting up main distribution of hydrogen in compressed form while also evaluating liquefied hydrogen and other compression options to optimize delivery (source: gen2energy.com). Their holistic approach includes using low- or zero-emission fuels within the distribution system to minimize the carbon footprint of the hydrogen supply chain (source: gen2energy.com). Gen2 Energy acts as an enabler for renewable-power producers by converting otherwise trapped renewable energy into hydrogen, creating a market channel for this clean fuel (source: gen2energy.com). Their target customers include industrial users and transport sectors, with a product focus on supplying green hydrogen for industrial applications and vessel propulsion, targeting local markets as well as export to the UK and Northern Europe (source: pitchbook.com).

Projects & Track Record

Gen2 Energy’s 2023 industrial-scale project portfolio includes over 700 MW of potential hydrogen production capacity, with a target to exceed 1.0 GW by 2030 (source: hannovermesse.de). The company plans to commence its first hydrogen production in 2025, marking a significant milestone in its growth trajectory (source: hannovermesse.de). Gen2 Energy aims to establish several large-scale production facilities primarily in Norway and Northern Europe, supported by a distribution network designed for safe and reliable hydrogen delivery (source: gen2energy.com). Their project development emphasizes a Norway-centered platform with regional reach, focusing on local markets and exports to neighboring countries (source: hannovermesse.de). Additionally, the company has formed strategic partnerships such as with Norsk e-Fuel to supply green hydrogen for sustainable aviation fuel production, further expanding its project portfolio and market integration (source: norsk-e-fuel.com).

Recent Developments

In January 2024, Gen2 Energy appointed Bård Mikkelsen as its new chairman, signaling a strategic push in the green-hydrogen market and continued company development (source: gen2energy.com). The company reaffirmed its private ownership structure in 2024 and 2026 investor updates, highlighting backing primarily from HYCAP Group, Piney Point, and the founders (source: gen2energy.com). The partnership with Norsk e-Fuel represents a major commercial milestone by linking Gen2 Energy’s hydrogen production to the sustainable aviation fuel value chain, enhancing its market relevance and downstream integration (source: norsk-e-fuel.com). Company materials updated through 2026 continue to emphasize the core hydrogen strategy and maintain the Borre headquarters and Oslo visitor office, demonstrating business continuity and strategic focus (source: gen2energy.com).

Working There

Gen2 Energy’s team is composed of professionals with diverse backgrounds united by a focus on innovation and delivering hydrogen solutions (source: gen2energy.com). The company employs specialists across project development, operations, public affairs, sales, finance, and investor relations, with named leadership roles including CEO and CFO, reflecting a structured yet agile organization (source: gen2energy.com). Their office footprint includes the main headquarters in Borre and a visitor office in Oslo, supporting both operational and commercial activities (source: gen2energy.com). While no formal benefits package is publicly documented, the company’s small, specialized nature suggests a close-knit culture centered on hydrogen project development, commercial partnerships, and investor engagement (source: pitchbook.com).

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