In a globally expanding market for renewable energy, Greenstat is set to take a leading position in selecting and realizing value-creating projects.
The market and demand for new and cleaner energy sources are growing. We have recently seen strong interest from politicians signaling the need for a larger renewable energy capacity. At the same time, there has been a significantly increased interest from commercial actors wanting to invest in electricity production (i.e. wind or solar power) at low, stable prices in existing industrial and commercial areas. The focus on the many possibilities when it comes to investing in green hydrogen has additionally seen an upsurge in recent years - an area where Greenstat has been well positioned from the start in 2015. Greenstat is a crucial player in the Norwegian hydrogen market with deep know-how in creating a market and infrastructure for efficient and sustainable hydrogen production.
“Governments need to implement policies to reduce risk and improve the economic feasibility of low-emission hydrogen projects.” - IEA, report 2022
We believe that a strong Greenstat will push the policies in the direction we think is the best way to realize a better future for everyone. We believe that a zero-emission society is possible using well-known technology, and we are uncompromised that our projects will consist of renewable energy only.
“Making green happen. Now!” is our guiding principle - and we are already on our way to realizing this vision. Greenstat is positioned with a growing portfolio of projects being realized and can show a nearly tenfold increase in revenues for 2022.
Here are five reasons to invest in Greenstat
1. Scalable business model with international potential
Greenstat is a vertically integrated energy company with a specific focus on Green Hydrogen as a key component in the future energy system.
Greenstat has a defined and proven business model, designed for scalability as well as for local replication in Norway and in selected international markets. Greenstat’s answer to our common market and societal challenges is cooperation. Working closely together with both national and international partners we are building our competence across the whole value chain of green hydrogen.
Our business model
Identify & select
Based on analysis and industry competence we identify, verify and
selects business opportunities.
Invest & team up
We make early-phase investments in close collaboration with strong
partners and local stakeholders.
Develop & mature
We develop and mature projects until invest decision or commercial operation.
Realize, reinvest & co-own
We apply a farm down strategy to re-invest in new projects but remain minority owners through the lifetime of the projects.
2. Attractive pipeline of projects and prospects
Greenstat is an energy company for the new era. We are not transforming from the past but building the future.
An important aspect of this is our knowledge that action needs to happen now. Our belief that a zero-emission society can be achieved with existing and evolving insights and technologies is reflected in our diverse and attractive pipeline of projects and prospects already in motion.
Together with our partners we are constantly developing and replenishing our pipeline of projects. Greenstat’s global approach means that many of our projects and partnerships span across national borders.
Selected projects
Glomfjord Hydrogen
Location: Glomfjord, NOR
Capacity: 8 000 tonn/day
Phase: FEED/Prerearing for FID, May/June 2023
Petnijk Solar Power Plant
Location: Bosnia-Herzegovina
Capacity: 65 GWh
Phase: Start Operation Q4 2023
3. Team and competency
Greenstat has more than 50 dedicated employees with diverse expertise and a long track record in the energy transformation, engineering, and business development.
Founded in 2015 in Bergen, Norway, by Christian Michelsen Research (now NORCE), Greenstat has been a competence center from the start and continues to value its in-house expertise.
All along the value chain, our experts work on finding the best solutions for our projects, within the frame of making the best possible decisions for the benefit of society as a whole.
Greenstat also has a podcast dedicated to conveying informative facts and perspectives surrounding the shift from fossil fuels to renewable energy.
Listen to episode #42 of GreenPod, where the leader group sums up the year of 2022
4. Hydrogen
A vertically integrated energy company with a specific focus on green hydrogen as a key component in the future energy system.
Greenstat’s expertise in green hydrogen makes us a frontrunner in the Norwegian market, and our position in the segment is an advantage in a market predicted to expand rapidly towards 2050. From the outset, Greenstat’s focus has been on green hydrogen as an energy carrier in the diverse energy mix - playing a key part in supporting a future energy system with renewable energy sources.
Greenstat is uniquely positioned with operations and investments throughout the value chain - from the production of renewable energy to support green hydrogen production, to the production of green hydrogen, to supporting the market and infrastructure for hydrogen in using hydrogen as an energy carrier within transportation and industry. This makes us compatible to make the scale-up in a sustainable way adapted to the market's demand.
5. ESG is in our DNA
ESG is at the core of Greenstat’s operations.
The company was established with the purpose to assist the transition to a zero-emission society. With a clear vision of “Making Green Happen”, a strong focus on ESG is embedded in all our business areas, our organisational culture, and our operations, in all countries we operate.
Making Green Happen
Greenstat is an energy company that identifies, develops and owns
projects and companies that contribute to emission reductions and green
value creation.
ESG integration in daily operations and decision-making
Vision
Sustainability is deeply rooted in our vision and purpose of existence, and an important reason why professionals choose Greenstat
Decision-making
We evaluate all projects within our green frame, meaning that our business areas make decisions based on common sensitivity principles and go/no- go strategies
Transparency
We strive to continuously improve and work systematically to disclose to all stakeholders our ESG- performance and other relevant ESG-information.
ESG in a project lifecycle perspective
Greenstat's goal is to be a leading green energy company. Originating from Bergen, Norway, the company is well situated in a part of the world which values nature and its limited resources. We see it as our responsibility to preserve this heritage. We believe that the future can and should be green and an investment in Greenstat supports this.
