We originate and develop projects to produce green hydrogen and green ammonia for maritime customers.
Our strategy is to leverage our owners’ industrial history and attract the right partners to become Norway’s number one green energy provider for the maritime sector.
Established to enable the green shift
Our first project, the Eydehavn Green Ammonia — North Ammonia facility, is located in Arendal, Norway. The project consists of developing and constructing a electrolysis and ammonia plant including a bunkering facility at the industrial harbour of Eydehavn, which is owned by Arendal Kommune. The facility is strategically located directly at the Eydehavn port, with a large secured plot and access to necessary infrastructure. The location also directly accesses the Skagerrak, Norwegian West-Coast, Southern regions and Oslofjord maritime operational areas.
The green ammonia plant is planned to be operational in 2028.
North Ammonia has an ambition to become the leading green ammonia provider in Norway, in line with the Norwegian hydrogen strategy and the required decarbonization of maritime transport.
The Team
Mikkel Tørud
Chief Executive Officer
Fabian Ødeskaug
Business Development
Ahnick Bhunia
Technical Lead
The North Ammonia team consists of dedicated employees and resources from the owners with expertise within energy and infrastructure, and shipping and maritime technologies.
Grieg New Energy
& Vergia
North Ammonia is a Joint Venture, owned 50% by Grieg New Energy and 50% by Vergia (acquired by Swiss Life Asset Managers in 2024), established in 2021 to enable accelerated decarbonisation of the maritime and industrial sectors.
Grieg New Energy is part of Grieg Edge (the dedicated maritime innovation arm within the Grieg Maritime Group). Grieg Maritime Group is a family-owned business with roots back to 1884. Grieg Edge originates and develops new business opportunities within shipping and related maritime segments – always with sustainability as a requirement. Grieg New Energy has taken an active role in developing the fuels of the future for short-sea and deep-sea shipping and have actively developed green hydrogen and green ammonia as a feasible marine fuel through various initiatives.
Please visit the Grieg New Energy website below for further information.
Vergia was established by Arendals Fossekompani, a Oslo Stock Exchange listed clean technology industrial investment company founded in 1896, in 2022.
In July 2024, Vergia was aquired from Arendals Fossekompani by Swiss Life Asset Managers. Established in 2011, the Swiss Life Asset Managers Infrastructure Equity platform manages over EUR 10bn in Assets under Management for its clients and partners. The platform has made 75 infrastructure investments in private markets, across 15 solutions, in both direct and indirect opportunities across the energy, communications, transportation, regulated utilities, social infrastructure and renewable energy sectors.
Please visist the Swiss Life Asset Managers website below for further information.
Board of Directors
Nicolai Hafeld Grieg
Board Member
Vidar Lundberg
Chair of the Board
Stephan Truffer
Board member
Marc Shürch
Board Member