Norwegian Hydrogen has announced its refuelling division, Vireon, has been spun out and listed as a separate company.
In a bid to make the companies more “agile”, Vireon will operate independently while maintaining collaboration with the green hydrogen producer where beneficial.
“With Vireon now standing on its own, both companies can pursue our respective growth strategies while collaborating where it makes sense,” explained Jens Berge, CEO of Norwegian Hydrogen.
“Vireon can now collaborate more independently with other players in the industry, including our competitors.”
The refuelling firm is now looking to expand its operations in the Nordics by forming new partnerships focused on refuelling heavy-duty trucks. “We are actively engaging with potential partners across the value chain,” claimed Per Øyvind Voie, CEO at Vireon.
“We remain committed to driving hydrogen refuelling forward and welcome like-minded partners to join us on this journey.”
Norwegian funding agency Enova awarded Vireon a €10m ($10.4m) grant earlier this month to build a four-station hydrogen refuelling corridor between Trondheim and Oslo.
Read more: “We need collaboration”: Vireon CEO calls for change as Enova backs hydrogen refuelling corridor
Voie praised the decision to award the grant and urged stakeholders in the hydrogen industry to “come together and realise these projects” and ultimately “shift momentum.”
Last year, Norwegian electrolyser manufacturer Nel spun out its own refuelling decision, Cavendish Hydrogen.
However, just last month, the hydrogen refuelling company announced it would cut its workforce by 45% and halt station development after its stocks fell by around 82% from June 2024 to January 2025.
Read more:Cavendish Hydrogen to cut workforce by 45% and halt hydrogen refuelling station development
