What is Everfuel?
Everfuel is a European company dedicated to making green hydrogen commercially available for zero-emission transportation. Headquartered in Herning, Denmark, the company operates and owns green hydrogen infrastructure, partnering with vehicle original equipment manufacturers (OEMs) to create a complete hydrogen value chain. They provide comprehensive hydrogen supply and fueling solutions to enterprise customers through long-term contracts. Green hydrogen, produced from renewable energy, is a critical component for decarbonizing the transportation sector in Europe and achieving a sustainable future. Everfuel is listed on Euronext Growth in Oslo under the ticker EFUEL and has operations in Norway, Denmark, Sweden, the Netherlands, Germany, and Belgium, with ambitious plans for further European expansion.
How much funding has Everfuel raised?
Everfuel has raised a total of $97.8M across 3 funding rounds:
Debt
$25.8M
Share Placement
$71M
Grant
$1M
Debt (2020): $25.8M with participation from European Investment Bank
Share Placement (2021): $71M, investors not publicly disclosed
Grant (2022): $1M supported by Nel and FORCE Technology
Key Investors in Everfuel
Nel
Nel is a global leader in hydrogen technology, providing solutions for producing and distributing hydrogen from renewable energy, serving industries and energy companies.
FORCE Technology
FORCE Technology is a Danish research and technology consulting company offering services in inspection, measuring, testing, and analysis, with a focus on technological solutions.
European Investment Bank
The European Investment Bank (EIB) is the European Union's long-term lending institution, supporting projects that advance EU policy objectives, including sustainable energy and infrastructure.
What's next for Everfuel?
With this recent major strategic investment, Everfuel is poised to accelerate its European expansion and enhance its green hydrogen production and distribution capabilities. The company's focus on enterprise-level solutions and long-term contracts suggests a strategy centered on securing stable revenue streams and building robust infrastructure. Future growth will likely involve expanding its network of fueling stations, forging new partnerships with industrial clients and vehicle manufacturers, and potentially exploring further capital raises to support its ambitious development plans across the continent. The company's commitment to green hydrogen positions it as a key player in the transition to sustainable energy.
See full Everfuel company page
