Deals Counterparts

Iverson eFuels terminates plans for green ammonia plant in Sauda, Norway

Development Green Ammonia announced Sauda, Norway Mar 6, 2026
200000 tonnes
Capacity
development
Stage

Iverson eFuels terminated plans for a 200,000 tonnes green ammonia plant in Sauda, Norway, due to withdrawal of allocated grid capacity.

Get daily green ammonia deal alerts — free, no spam.

Sign up free to access full counterpart details, deal analysis, and timeline.

Sign up free →

Deal Analysis

Iverson eFuels terminated plans for a 200,000 tonnes green ammonia plant in Sauda, Norway, announced on 2026-03-06. The development, involving Hy2gen and Copenhagen Infrastructure Partners, ceased due to withdrawn grid capacity.
  • Iverson eFuels terminated 200,000 tonnes green ammonia plant.
  • Project in Sauda, Norway, announced 2026-03-06.
  • Reason: withdrawn grid capacity.
  • Involved Hy2gen and Copenhagen Infrastructure Partners.

Source Intelligence

KEY DETAILS

The plant was a 20-hectare facility set to produce 200,000 tonnes of green ammonia. The project lost its 270MW allocated grid capacity due to being more than two years behind schedule. New grid capacity is expected to be available in the period 2033–2035. Iverson eFuels will now consider establishing a data center at the site. The project was approved by the municipal council last year. Iverson had been working on plans for the factory since 2021. Quotes: "The 20-hectare plant was set to produce 200,000 tonnes of green ammonia.", "However, Iverson said that before Christmas, Norwegian grid operator Statnett had withdrawn the 270MW of previously allocated grid capacity due to the project being more than two years behind schedule.", “Statnett has stated that new capacity can only become available when the new upgraded grid is completed, expected in the period 2033–2035,” the company said. "In lieu of the ammonia plant, Iverson said it will look into establishing a data center, so that the “work and resources invested in the Iverson project can be put to good use and contribute to creating new business in Sauda.”", "The project was approved by the municipal council last year.", "Iverson... had been working on plans for an ammonia factory at Birkeland in Sauda since 2021."

Capacity
It was set to feature a 240MW electrolysis unit to produce green hydrogen on land previously owned by the municipality.
Location
Iverson eFuels has decided to terminate plans for a green ammonia plant in Sauda due to the withdrawal of allocated grid capacity and uncertainty regarding future access,” Iverson eFuels said this week. ... Iverson, owned by hydrogen firm Hy2Gen and investment company Copenhagen Infrastructure Partners, had been working on plans for an ammonia factory at Birkeland in Sauda since 2021. ... Sauda is a municipality in Rogaland near the west coast of Norway.
Announcement
March 06, 2026 By Dan Swinhoe
Expected Close
Originally due to launch in 2027, the site was later scheduled to launch in 2030 and then pushed back again to 2031.
PARTIES MENTIONED IN SOURCE
I
Iverson eFuels developer

"Iverson eFuels has decided to terminate plans for a green ammonia plant in Sauda due to the withdrawal of allocated grid capacity and uncertainty regarding future access,” Iverson eFuels said this week."

H
Hy2Gen owner

"Iverson, owned by hydrogen firm Hy2Gen and investment company Copenhagen Infrastructure Partners, had been working on plans for an ammonia factory at Birkeland in Sauda since 2021."

C
Copenhagen Infrastructure Partners investor

"Iverson, owned by hydrogen firm Hy2Gen and investment company Copenhagen Infrastructure Partners, had been working on plans for an ammonia factory at Birkeland in Sauda since 2021."

S
Statnett grid operator

"However, Iverson said that before Christmas, Norwegian grid operator Statnett had withdrawn the 270MW of previously allocated grid capacity due to the project being more than two years behind schedule."

high quality Enriched Mar 7, 2026

Timeline

Announced
Mar 6, 2026
Signed
Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Sign up free →
Track Green Ammonia deals