Varea Energy Competitors and Similar CompaniesClear all
Varea Energy's competitors and similar companies include Plug Power, Nel Hydrogen, BMpower and Avium.
 Varea Energy Varea Energy is a company engaged in the exploration and development of geological hydrogen. |  Nel Hydrogen Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production. | ||||
Founding Date | Founding Date 2023 | Founding Date 1997 | Founding Date 1927 | Founding Date 2016 | Founding Date 2017 |
Type | Type Private | Type Public | Type Public | Type Private | Type Private |
Tags | |||||
Locations | Locations Houston, US HQ | Locations Latham, US HQ | Locations Moscow, RU HQ | Locations Lawrence, US HQ | |
Employees | Employees 5 | Employees 3,22410% decrease | Employees 394 | Employees 1 | Employees 620% increase |
Valuation ($) | Valuation ($) N/A | Valuation ($) 2 b | Valuation ($) 702.1 m | Valuation ($) N/A | Valuation ($) N/A |
Financial | |||||
Revenue (est.) | Revenue (est.) N/A | Revenue (est.) $709.9m (FY, 2025) | Revenue (est.) kr963.1m (FY, 2025) | Revenue (est.) N/A | Revenue (est.) N/A |
Cost of goods | Cost of goods N/A | Cost of goods $952m (FY, 2025) | Cost of goods kr400.6m (FY, 2025) | Cost of goods N/A | Cost of goods N/A |
Gross profit | Gross profit N/A | Gross profit ($242m) (FY, 2025) | Gross profit kr678.2m (FY, 2025) | Gross profit N/A | Gross profit N/A |
Net income | Net income N/A | Net income ($1.7b) (FY, 2025) | Net income (kr1.3b) (FY, 2025) | Net income (₽1.4m) (FY, 2023) | Net income N/A |
Funding | |||||
Total funding raised | Total funding raised N/A | Total funding raised $ 87.7m | Total funding raised $ 75m | Total funding raised N/A | Total funding raised N/A |
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Plug Power
HQ
Latham, US
Employees
3,224↓ 10% decrease
Plug Power is a company that provides hydrogen and fuel cell solutions.
View companyNel Hydrogen
HQ
Oslo, NO
Employees
394
Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production.
View company
BMpower
HQ
Moscow, RU
Employees
1
BMPower is a designer and manufacturer of electrochemical energy sources.
View company
Avium
HQ
Lawrence, US
Employees
6↑ 20% increase
Avium is a company that develops catalyst technologies.
View company