Nordic Electrofuel

Porsgrunn, Norway Founded: 2015 • Age: 11 yrs
Renewable energy is converted into fuel and fossil replacement products.
Annual revenue $284,981 Latest available
Total funding - 2 rounds
Employees 8 Tracked headcount
Investors 2 Known backers
Products 2 Services tracked
Competitors 9 Brand Intelligence

About Nordic Electrofuel

Nordic Electrofuel is a company based in Porsgrunn (Norway) founded in 2015. The company has 8 employees as of December 31, 2021. Nordic Electrofuel offers products and services including e-SAF and Green Hydrogen Tech. Nordic Electrofuel operates in a competitive market with competitors including Elyse Energy, Metafuels, INERATEC, General Galactic and Synhelion, among others.

  • Headquarter Porsgrunn, Norway
  • Employees 8 as on 31 Dec, 2021
  • Sectors
    Aerospace, Defense & Maritime
    Energy & Utilities
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Nordic Electrofuel As
Operational Areas
Aerospace, Defense & Maritime → Aerospace Manufacturing & Engineering Unlock Sub-Sector Unlock Segment
Energy & Utilities → Renewable & Clean Energy Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $284.98 K (USD)
    0
    as on Dec 31, 2021
  • Net Profit
    -$2.21 M (USD)
    -632
    as on Dec 31, 2021
  • EBITDA
    -$2.22 M (USD)
    -628
    as on Dec 31, 2021
  • Latest Funding Round
    $1.14 M (USD), Grant

    Jan 01, 2026

  • Investors
  • Employee Count
    8

    as on Dec 31, 2021

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Products & Services of Nordic Electrofuel

Nordic Electrofuel offers a comprehensive portfolio of products and services, including e-SAF and Green Hydrogen Tech.

Product name locked
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Primary

Produces synthetic fuel from renewable sources to reduce aviation CO2 emissions.

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Generates hydrogen for e-fuel creation to support global net-zero goals.

People of Nordic Electrofuel

Headcount 10-50
Employee Profiles 3
Employee Profiles
People
Gunnar Holen
Chief Executive Officer
People
Aina Ingebrigtsen Hegrestad
CFO
People
Jens Christian Kuhnle
Financial Analyst

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Funding Insights of Nordic Electrofuel

Investors in Nordic Electrofuel

Nordic Electrofuel has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Norwegian Research Council.

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Institutional
Investor Description Founded Year Domain Location
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Investor details for Nordic Electrofuel

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Investments & Acquisitions by Nordic Electrofuel

Investments
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Investment portfolio details for Nordic Electrofuel

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Financial Statements - Nordic Electrofuel

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Detailed financials for Nordic Electrofuel

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Nordic Electrofuel Comparisons

Nordic Electrofuel Primary company
Description
Renewable energy is converted into fuel and fossil replaceme...
Location
Porsgrunn, Norway
Founded Year
2015
Annual Revenue
$284.98 K (USD)
Net Profit
-$2.21 M (USD)
EBITDA
-$2.22 M (USD)
Employees
8
As of 2021
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Peer comparison for Nordic Electrofuel

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Competitors of Nordic Electrofuel

Nordic Electrofuel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Elyse Energy, Metafuels, INERATEC, General Galactic and Synhelion, among others.

Company Name Domain Founded year HQ Location Description
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Production of e-methanol and sustainable aviation fuel
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Sustainable aviation fuel is provided using aerobrew technology by Metafuels.
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Provider of chemical reactor technology to converts gases into liquid fuels
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Fuel production solutions from renewable energy sources
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Solar tower systems are developed for concentrated solar power applications.
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Developer of technology to recycle CO2 emissions into carbon-neutral fuels
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Detailed competitors of Nordic Electrofuel

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Latest news on Nordic Electrofuel

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Frequently Asked Questions about Nordic Electrofuel

Nordic Electrofuel was founded in 2015 and raised its 1st funding round 9 years after it was founded.

Nordic Electrofuel is headquartered in Porsgrunn, Norway. It is registered at Porsgrunn, Vestfold Og Telemark, Norway.

Gunnar Holen is the current CEO of Nordic Electrofuel.

As of Dec 31, 2021, the latest employee count at Nordic Electrofuel is 8.

Annual revenue of Nordic Electrofuel is $284.98K as on Dec 31, 2021.

Nordic Electrofuel was founded in 2015 in Porsgrunn, Norway. Operations focus on the renewable energy sector, where renewable sources are converted into synthetic fuels. Additional fossil replacement products, including naphtha, are manufactured to support sustainable alternatives. The company is led by CEO Gunnar Holen and maintains its domain at nordicelectrofuel.no for industry engagement.

Nordic Electrofuel's top competitors include Elyse Energy, Metafuels and INERATEC.

Nordic Electrofuel offers e-SAF and Green Hydrogen Tech.

Nordic Electrofuel has 2 investors. Key investors include European Union, and Norwegian Research Council.

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