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Ticker
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Sector
Energy
Industry
Integrated Oil & Gas
Description
Nordic Electrofuel was founded in 2015 with the goal of providing an effective solution for the rapid transition from fossil to renewable electrical energy.
The company specializes in the conversion of renewable electric energy into liquid electro-fuels that can be easily transported, stored, and used like conventional fossil hydrocarbons.
Their corporate description emphasizes that their solution is applicable to all transport sectors and offers a means to distribute and store stranded electrical energy.
With the low electricity price in Norway and new efficient processing and upgrading solutions, the previously considered expensive Power To Liquid (PTL) technology has become commercially feasible.
Nordic Electrofuel's fuel is free of sulphur and emits fewer particles and aromatics than conventional fossil fuel, making it a viable option for the maritime industry as a fuel after 2022.
Startup
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