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Fuella

Fuella

Private
Bergen, VestlandEnergy & Sustainabilityhttps://www.fuella.no/

Last Round

Grant

Oct 7, 2024

Total Funding Raised

$109.44M

Momentum Score

25 /100

Company Overview

Fuella AS is an independent developer focused on commercial-scale green hydrogen and green ammonia projects. Established in 2020 and based in Norway, the company's business model involves developing, building, and operating production plants that use renewable electricity, water, and air to create environmentally friendly fuels. Its projects aim to supply low-emission fuel and feedstock for hard-to-abate sectors like shipping, the steel industry, and fertilizer production. Fuella's flagship project is the Skipavika Green Ammonia (SkiGA) plant near Mongstad, Norway, which is one of Europe's most advanced large-scale green ammonia facilities. The company is also expanding internationally, with projects in development in Brazil. In July 2023, Allianz Capital Partners acquired a minority stake, providing EUR 20 million in funding to support the company's project pipeline.

Sector

Energy & Sustainability

Verticals

Alternative Fuels, Renewable Energy, Clean Manufacturing, Maritime & Shipping

Business Model

B2B

Customer Profile

Government Contracts, Services & Consulting

AI Layer

Non-AI

Keywords

green ammoniagreen hydrogenpower-to-XPtXe-ammoniaindustrial project developmente-fuelshard-to-abate sectorsofftake agreementsgreen shippingmaritime fuelpower purchase agreementsPPAhydropowerrenewable energy

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Caplight Momentum Score

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Fuella Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Fuella Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
GrantOct 7, 2024
Corporate FundingJul 27, 2023

Fuella Investors

Notable investors and investment history

InvestorRounds
Allianz Capital PartnersCorporate Funding
European Hydrogen BankGrant

Fuella Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Fuella Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersBergen, Vestland
Employee Range9
Year Founded2020
Last FundingOct 7, 2024

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