Northern Europe Energy Group

Energy and industry

About the company

Northern Europe Energy Group develops energy and industrial projects across the Nordic and Baltic regions. It brings selected projects to an investment-ready stage by securing strategic locations, grid access, energy supply, permits and commercial partnerships, and realises them together with financial and industrial partners.

Northern Europe Energy Group AS was founded in 2023 and is registered in Oslo.

Business areas

  • Data centres: developed close to renewable power and robust grid infrastructure, using locally produced green energy and heat recovery.
  • Power-to-X: green hydrogen from electrolysis powered by renewable energy, and derivatives such as ammonia, methanol and sustainable aviation fuel (SAF).
  • Battery storage: large-scale batteries that stabilise the power grid and help integrate variable renewable generation.

Selected projects

  • Northern Europe Hydrogen, Liepāja (Latvia): the company's flagship project, a green hydrogen facility with 850 MW of electrolysis in the Liepāja Special Economic Zone.
  • Liepāja data centre (Latvia): planned 120 MW of operational capacity by 2029.
  • Jēkabpils data centre (Latvia): 114 MW of power available today, scalable to 400 MW by 2030.
  • Raahe Power-to-X (Finland): green hydrogen at the Port of Raahe, with planned production capacity of 200 MW by 2030.
  • NorSAF (Latvia): hydrogen from 150 MW of electrolyser capacity for synthetic aviation fuel, scheduled to be fully operational by 2030.
  • Jēkabpils battery storage (Latvia): 5 MW / 10 MWh, fully permitted and ready to build.

The figures are the company's own and concern projects under development. Capacities and timelines are targets, not completed facilities.

Ownership

The company has Norwegian and Baltic owners: Stolt-Nielsen Holding AS, Viva North AS, Dirgi AS and ZEN Europe SIA. Tor Arne Pedersen, chair of Viva North, is a board member of Northern Europe Energy Group.

Sources: northernenergy.eu and Enhetsregisteret, retrieved 19 September 2026.

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