Investors | Clean energy investment in an ammonia project in Norway | Barents Blue
INVESTORS

Ready for the next inflection point.

Barents Blue offers exposure to the only industrial-scale low-carbon ammonia project in development in Europe: 90 % derisked, commercially advanced and backed by tier-1 partners.

DERISKED90 %of critical project work completed
VALUE INFLECTIONS14–18 moto start of FEED, listing and financial close
PUBLIC SUPPORTEUR 44 mawarded through IPCEI and Enova
ENERGY5,170 GWhof clean energy a year at plateau
EQUITY STORY

A rare position, ready for its next phase.

Demand for low-carbon energy is growing in power, data centres, shipping, fertiliser and industry, while supply at scale is scarce. Barents Clean Ammonia offers a large, reliable source close to the premium EU market.

90 % derisked and FEED-readyMost of the derisking is already done, and the project is ready to proceed towards financial close.
Commercially advancedCommercial agreements at priced term-sheet level, with access to favourably priced natural gas and a short route to market.
Tier-1 ecosystemGlobally recognised partners in technology, engineering and execution, in an ecosystem matured since 2020.
Value inflections aheadStart of FEED, listing and financial close: three key value inflections expected within 14–18 months.
Energy for the AI eraClean, dispatchable energy for grid-constrained markets and fast-growing AI and data centre demand.
Regulatory advantageDesigned to meet the EU Taxonomy and EU rules for low-carbon hydrogen, at around 10 % of the Taxonomy carbon limit.
COMMERCIAL AGREEMENTS ARE NON-BINDING AT THIS STAGE.
COMMERCIAL TRACTION

Initial commercial validation concluded.

We are progressing towards a sales target of 850,000 tonnes a year under long-term agreements, with the remaining volumes on short-term, spot and back-up power contracts.

EUROPEAN ENERGY GROUPTerm sheet signed
EUROPEAN ENERGY GROUPActive term-sheet talks
INDUSTRIAL COMPANYTerm sheet exchanged
ENERGY GROUP AND TRADERPricing principles exchanged
DATA CENTRESEarly-phase engagement
TERM SHEETS ARE NON-BINDING.
WHY NOW

Clean ammonia at scale is a differentiator in this new energy reality, providing unprecedented baseload and back-up energy security.

WHY NOW

Clean ammonia at scale, for a new energy reality.

Clean ammonia at scale provides baseload and back-up energy security at a time when energy systems need both.

01 · GRIDS ARE FULL
Capacity is constrainedGrid capacity in Europe is fully constrained by electrification, data centre and AI/hyperscale growth, and a decade of rising industrial demand.
02 · DECARBONISATION IS BACK
Climate targets are firming upAfter the power and gas crisis, France, Germany and others are strengthening their efforts, including for the 190 million tonnes of ammonia used each year.
03 · SECURITY OF SUPPLY
Demand for fuel-based powerOrder books for fuel-based power equipment are filling up for the next five years. New uses of ammonia could reach 200 million tonnes by 2050.
VALUE CREATION ROADMAP

Key milestones ahead.

The company intends to seek admission of its shares to trading. Timing depends on FEED financing and ongoing investor processes.

2027Start-up of FEED workFront-end engineering and design
2027Planned listingShares admitted to trading
2027–2028Financial closeFinal investment decision
2028Start-up of execution workModular build and assembly
END 2031Start-up of commercial operationsFirst production
SHARE INFORMATION

Barents Blue AS share information.

Share information per 26 March 2026. Barents Blue has about 1,200 shareholders registered in VPS. To hold shares, investors need a VPS account or a nominee account in a foreign bank.

ORGANISATION NUMBER932 579 715
NUMBER OF SHARES22,872,679
SHARE CAPITALNOK 1,143,633.95
PAR VALUENOK 0.05
VPS ACCOUNT OPERATORSparebank 1 Sør-Norge
INVESTOR CONTACTks@barentsblue.com
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