HYDROGEN SOLUTIONS AS • 926872052 • Stord • Manufacture of chemicals and chemical products

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Industry and manufacturing

/ Process industry

/ 20.110 Manufacture of industrial gases

HYDROGEN SOLUTIONS AS

Keywords

productionindustrial gasesmedical gasescooling gasesmixed industrial gasesinert gasescarbon dioxideinsulating gases

Organization

CEO: FK
Frode Kirkedam1972
Chairman of the board: LB
Lone Brith Johansen Frogner1960
Years since formation: 4 years; since Apr 6, 2021
Type: Limited company
VAT registered: Yes
Number of employees: 27

Ownership

Number of shares and share classes: 80,000; 1 share class
Total number of shareholders: 19; 15 companies, 4 persons
Belongs to group of

Financials

Total operating income 2024: 35,691,443; NOK
Annual total result 2024: -38,634,668; NOK
Total equity 2024: 20,932,576; NOK

Last update: Jul 2, 2025

Management

Management / administration

Name	Role	Shares
FK Frode Kirkedam 1972	Managing Director/CEO	3 % indirectly

Board

Name	Role	Shares
KH Kjetil Harestad 1965	Board Member	-
KF Knut Førland 1960	Alternate Member	7.82 % indirectly
JM John Martin Mjånes 1975	Alternate Member	-
OR Ove Røssland 1964	Board Member	12.8 % indirectly
IS Idar Sønstabø 1972	Board Member	-
LB Lone Brith Johansen Frogner 1960	Chairman	-

Others

Name	Role	Shares
D DELOITTE AS	Auditor	-
X XACCT ACCOUNTING AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
OR Ove Røssland 1964	Board Member	12.8 % indirectly
GL Geir Lasse Kjersem 1949	-	8.5 % indirectly
KF Knut Førland 1960	Alternate Member	7.82 % indirectly
TH Thor Henrik Waldal Hagen 1983	-	4.05 % indirectly
FK Frode Kirkedam 1972	Managing Director/CEO	3 % indirectly
SK Stine Kjøs Horneland 1982	-	2.25 % indirectly
VH Vigdis Hjertaker Hope 1982	-	2.13 % indirectly
ØD Øyvind Dale 1970	-	1.13 % indirectly
RA Reidunn Aasheim 1966	-	1.13 % indirectly

Last update: May 6, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
S SUNNHORDLAND KRAFTLAG AS	Ordinary shares	36,000	45 %
T TATOMI INVEST AS	Ordinary shares	10,236	12.8 %
D DALANE ENERGI AS	Ordinary shares	8,000	10 %
T TEBINA ENERGI AS	Ordinary shares	6,802	8.5 %
Å ÅRMANN GREEN INVEST AS	Ordinary shares	6,252	7.82 %
T TH2 INVEST AS	Ordinary shares	3,240	4.05 %
K K-MARINE AS	Ordinary shares	2,400	3 %
Ø ØYRE INVEST AS	Ordinary shares	1,800	2.25 %
H HORNELAND INVEST AS	Ordinary shares	1,800	2.25 %
H HYDROGENIUM AS	Ordinary shares	1,700	2.13 %
G GÅSBEKKEN AS	Ordinary shares	600	0.75 %
SM Stian Morken Askvik 1992	Ordinary shares	180	0.22 %
M MEIDELL DAHLE AS	Ordinary shares	180	0.22 %
KB Kjetil Borge Danmo 1986	Ordinary shares	180	0.22 %
J JOACHIM WG AS	Ordinary shares	180	0.22 %
B BOSSA AS	Ordinary shares	150	0.19 %
ME Merete Ersland Mæhle 1971	Ordinary shares	150	0.19 %
HM Helene Moe Bakke 1987	Ordinary shares	75	0.09 %
I INOP INVEST AS	Ordinary shares	75	0.09 %

Shares owned by the HYDROGEN SOLUTIONS AS

Name	Share class	Total number of shares	Share
L LIQUILINE AS	Ordinary shares	3,000	100 %
S STORD HYDROGEN AS	Ordinary shares	1,800,000	75 %
M MERAKER HYDROGEN AS	Ordinary shares	6,593	51.84 %
H HYFUEL AS	Ordinary shares	48	50.53 %
T TELLENES HYDROGEN AS	Ordinary shares	2,515,000	50 %
K KAUPANES HYDROGEN AS	Ordinary shares	5,612,000	47.5 %
A APPLIED HYDROGEN AS	Ordinary shares	38,469	37.94 %

Last update: Jun 2, 2025

Group structure

HYDROGEN SOLUTIONS AS
Total operating income 2024: NOK 35,691,443
Operating profit 2024: NOK -28,394,361
Employees: 27

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	35,691,443	32,379,327	3,520,522	0
Annual Total Result	-38,634,668	-11,621,557	-6,774,730	-2,102,792
Total assets	82,872,278	40,447,815	8,268,708	5,904,137
Total liabilities	61,939,702	10,879,821	7,079,657	2,976,929
Total equity	20,932,576	29,567,994	1,189,051	2,927,208

P&L

Year	2024	2023	2022	2021
Total operating income	35,691,443	32,379,327	3,520,522	0
Total operating costs	64,085,804	43,745,214	10,195,419	2,093,283
Operating result	-28,394,361	-11,365,887	-6,674,896	-2,093,283
Financial income/costs	-10,240,307	-255,670	-99,834	-9,509
Profit before tax	-38,634,668	-11,621,557	-6,774,730	-2,102,792
Total tax & extraordinary income/cost	0	0	0	0
Annual Total Result	-38,634,668	-11,621,557	-6,774,730	-2,102,792

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	47,214,581	13,844,412	5,711,962	2,000,000
Total current assets	35,657,696	26,603,403	2,556,746	3,904,137
Total assets	82,872,278	40,447,815	8,268,708	5,904,137
Short term debt	60,720,952	10,879,821	4,579,657	467,420
Long term debt	1,218,750	0	2,500,000	2,509,509
Total liabilities	61,939,702	10,879,821	7,079,657	2,976,929
Contributed capital	41,431,656	50,067,074	10,066,574	5,030,000
Retained earnings	-20,499,080	-20,499,080	-8,877,523	-2,102,792
Total equity	20,932,576	29,567,994	1,189,051	2,927,208
Total equity and liabilities	82,872,278	40,447,815	8,268,708	5,904,137

Classification

Category

Industry and manufacturing

/ Process industry

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

1520

Public incorporated enterprises, owned by local government

Standard industrial classification

C

Main industrial area

Manufacturing

20

Activity

Manufacture of chemicals and chemical products

20.1

Main industrial group

Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms

20.11

Industrial group

Manufacture of industrial gases

20.110

Industrial group

Manufacture of industrial gases