AFRY

AFRY

Engineering, design, and advisory for sustainability.

Overview

AFRY provides engineering, design, and advisory services across industries to help shift society toward sustainability. It assembles multidisciplinary teams to deliver end-to-end support for infrastructure, energy, and industrial projects, from planning and design to feasibility studies and implementation. The company works on large-scale efforts like floating solar PV installations, combining technical know-how with strategic guidance to move ideas into real projects. AFRY differentiates itself with a global footprint and an integrated, full-project-lifecycle offering focused on sustainable development, aiming to accelerate the transition to a sustainable society through value-driven, long-term partnerships.

About AFRY

Simplify's Rating
Why AFRY is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Consulting

Industrial & Manufacturing

Energy

Design

Company Size

10,001+

Company Stage

IPO

Headquarters

Solna kommun, Sweden

Founded

1895

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Simplify's Take

What believers are saying

  • AFRY’s backlog hit SEK22.4 billion in Q2 2026, up 8% year over year.
  • Ellevio’s 29 Jun 2026 framework could drive up to SEK2 billion across suppliers.
  • AMC’s May 2026 acquisition boosted Industry backlog and mining capabilities in Q2 reporting.

What critics are saying

  • Q2 2026 sales fell 2.4%; organic sales dropped 5.3% despite record backlog.
  • Dagens industri reported 30 Jun 2026 departures of about a dozen industrial executives to Rejlers.
  • Leverage reached 3x in Q2 2026; another weak quarter strains covenant headroom by 2027.

What makes AFRY unique

  • AFRY combines engineering, project management, and advisory across energy, industry, and infrastructure.
  • On 31 Aug 2026, AFRY won Uniper’s NorthStarH2 FEED for Swedish e-methanol.
  • On 27 Aug 2026, AFRY won HPPCL’s 191MW Thana Plaun hydropower mandate.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Paid Vacation

Paid Sick Leave

Paid Holidays

Sabbatical Leave

Hybrid Work Options

Stock Options

Company Equity

401(k) Retirement Plan

401(k) Company Match

Performance Bonus

Profit Sharing

Employee Stock Purchase Plan

Relocation Assistance

Employee Referral Bonus

Student Loan Assistance

Parental Leave

Family Planning Benefits

Fertility Treatment Support

Adoption Assistance

Childcare Support

Elder Care Support

Pet Insurance

Bereavement Leave

Professional Development Budget

Conference Attendance Budget

Training Programs

Tuition Reimbursement

Professional Certification Support

Mentorship Program

Wellness Program

Mental Health Support

Gym Membership

Commuter Benefits

Meal Benefits

Phone/Internet Stipend

Home Office Stipend

Legal Services

Employee Discounts

Company Social Events

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

4%

2 year growth

4%
Arctic Today
Sep 1st, 2026
🇸🇪 AFRY selected to lead engineering for Unipers NorthStarH2 e-methanol plant.

🇸🇪 AFRY selected to lead engineering for Unipers NorthStarH2 e-methanol plant. 31/08/2026 A key project for fossil-free fuels. AFRY has been awarded by Uniper to deliver a FEED (Front-End Engineering Design) for NorthStarH2, a planned e-methanol production facility in Östersund, Sweden. The FEED work takes NorthStarH2 project from early project development towards a Final Investment Decision. NorthStarH2 is one of Sweden's most promising Power-to-X/e-methanol projects. Once built, the facility is designed to produce around 115,000 tonnes of e-methanol per year. This fuel can help cut fossil emissions in hard-to-abate sectors such as transport and the chemical industry, where methanol is a valuable raw material. The plant brings together two clean inputs. Green hydrogen is produced through electrolysis, powered by 175 MW renewable electricity. That hydrogen is then combined with biogenic CO[2] captured from Jämtkraft's biomass-fired heat and power plant in Lugnvik. The result is fossil-free e-methanol made from renewable power and recycled biogenic carbon. What AFRY will deliver. AFRY's scope covers a complete technical FEED, including strategies, plans, and a cost estimate. The team's scope of work includes: * Process design * Plant engineering * Operating philosophy * Technical specifications * HSE in Design * Coordination with other stakeholders including OEM suppliers (providers of electrolysis, carbon capture, and methanol synthesis) During this phase, AFRY and Uniper will mature the plant's technical design and prepare the project for a solid Investment Decision and a safe Execution phase E-methanol will play an increasingly important role in decarbonizing hard-to-abate sectors such as transport and chemicals. AFRY is honored to support Uniper in transforming this vision into a technically robust and investment-ready project. says Guy Skantze at AFRY. NorthStarH2 is an important project in Uniper's energy transition portfolio, and we are pleased that the FEED contract with AFRY is now in place. We look forward to continuing our successful collaboration and completing the FEED phase together. says Broghan Helgeson, NorthStarH2's project manager at Uniper. About the project. The assignment was kicked off late August, 2026, and is expected to run until Summer 2027. Uniper plans to make its Final Investment Decision for NorthStarH2 in 2028, with commissioning currently scheduled for 2031. NorthStarH2 is driven by Uniper through Sydkraft Hydrogen AB, in cooperation with Jämtkraft. By turning renewable electricity and captured biogenic CO[2] into fossil-free methanol, the project supports the decarbonization of transport and the chemical industry, and strengthens Östersund's position as a strong location for producing electrofuels. Contact us. Guy Skantze Head of Chemicals and Biorefining +46 10 505 29 30 Originally published on 31 August 2026 by AFRY. Announcements are published as a service to readers. The sender is responsible for all content. Announcements for publication can be submitted to [email protected]

International Water Power & Dam Construction
Aug 27th, 2026
AFRY appointed to 191MW Thana Plaun hydropower project in India.

AFRY appointed to 191MW Thana Plaun hydropower project in India. AFRY has been selected by Himachal Pradesh Power Corporation Ltd to provide engineering, project management and construction supervision services for the 191MW Thana Plaun Hydropower Project in Himachal Pradesh, India. AFRY has been appointed to support the development of the 191MW Thana Plaun Hydropower Project on the Beas River in Himachal Pradesh, India. Himachal Pradesh Power Corporation Ltd (HPPCL) has selected AFRY to provide detailed design, project management and construction supervision services for the project, which is located in Mandi district. The consultancy assignment will be carried out in two phases. During the first phase, AFRY will provide tender-stage engineering and procurement support. The second phase will cover detailed design and construction supervision during project implementation, together with other project delivery services. "Hydropower is a cornerstone of sustainable energy systems and plays an important role in enabling the energy transition. We are pleased to contribute our global hydropower expertise to a project that will support India's growing demand for clean and dependable electricity," said Ernst Zeller, Head of segment Hydro at AFRY. The Thana Plaun project forms part of Himachal Pradesh's plans to increase renewable electricity generation and strengthen the state's power infrastructure. "We are proud to support HPPCL in the delivery of the Thana Plaun Hydropower Project. This important project will contribute to Himachal Pradesh's renewable energy ambitions and strengthen the region's clean power infrastructure for years to come," said Sai Seela, Managing Director, India at AFRY. The project is expected to be delivered in 2032. Give your business an edge with its leading industry insights.

Energy Global
Aug 27th, 2026
Galia Green Power secures financing for biomethane project development.

Galia Green Power secures financing for biomethane project development. Galia Green Power has signed a financing agreement with a consortium of PKO Bank Polski, Bank Gospodarstwa Krajowego, and mBank. It is one of the largest financing transactions for biogas and biomethane projects in Poland in recent years. It covers the acquisitions of biogas plants and development investments, including expansion of existing installations and implementation of new biomethane projects. "The financing secured is an important step in implementing our investment plan. Co-operation with three leading financial institutions confirms the quality of the projects we have prepared and the growing importance of biomethane for the energy transition," said Marcin Orlowski, CEO of Galia Green Power. The agreement was concluded for 18 years, and the first tranche will be launched in the current quarter. The financing model enables flexible inclusion of subsequent projects meeting specified technological and environmental criteria. In the future, the available financing pool may be increased by PLN 225 million, allowing further investments to be covered. "As a development bank, we engage in ventures that support the energy transition and build the long-term resilience of the Polish economy. Consortium financing of biomethane projects allows the potential of financial institutions to be combined and the capital necessary to develop this promising market segment to be secured. The implementation of such investments also contributes to expanding know-how in financing decarbonisation projects, which, as scale and generation capacity grow, will play an increasingly important role in Poland's energy transition. We are pleased to participate in this transaction and support the development of one of the key players in the biogas and biomethane market as financing bank and facility agent," added Pawel Wójtowicz, Director of the Regional Project Finance Office at BGK. "At PKO Bank Polski, we are consistently increasing the scale of financing for the energy transition. Biomethane projects combine the development of renewable energy with the use of local potential and the circular economy, which is why we want to be a partner for companies investing in this promising market segment," commented Marcin Majewski, Director of the Corporate Client Relations Division at PKO Bank Polski. "Biogas and biomethane projects have great potential, combining the development of renewable energy sources with the efficient use of local raw materials while supporting the circular economy and energy security. This approach is one of the important elements of mBank's current strategy, fitting into the stream of green sustainable economy. We are pleased that, together with the other banks in the consortium, we can support the development of this market and an investor with ambitious plans for further growth," concluded Tomasz Niewola, Director of Structured and Mezzanine Finance Department at mBank. For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine. The Summer issue of 2026 is out now! The new issue starts with a regional report on Latin America and the Caribbean, considering the benefits and challenges of renewable energy development in the region. The issue also covers topics such as lubricants, digitalisation, the importance of ports, battery storage technology, and more! With contributors from industry leaders including ABB, WindEurope, Sungrow, among others, this is an issue not to miss. Thursday 27 August 2026 15:00 AFRY has been selected by Himachal Pradesh Power Corp. Ltd to provide detailed design, project management, and construction supervision services for the 191 MW Thana Plaun hydropower project in India. Embed article link: (copy the HTML code below):

AFRY
Aug 27th, 2026
AFRY appointed for hydropower project in Himachal Pradesh, India.

AFRY appointed for hydropower project in Himachal Pradesh, India. Thu, 27/08/2026 - 07:50 CEST AFRY has been selected by Himachal Pradesh Power Corporation Ltd. (HPPCL) to provide detailed design, project management and construction supervision services for the 191 MW Thana Plaun Hydropower Project in Himachal Pradesh, India. The project will support the expansion of renewable energy generation and contribute to India's long-term energy transition. Located on the Beas River in the Mandi district of Himachal Pradesh, the Thana Plaun Hydropower Project will support the state's ambitions to expand renewable energy generation and strengthen long-term energy security. The project will contribute renewable electricity to India's growing energy system, where hydropower plays an important role in providing reliable, flexible and low-carbon power. "Hydropower is a cornerstone of sustainable energy systems and plays an important role in enabling the energy transition. We are pleased to contribute our global hydropower expertise to a project that will support India's growing demand for clean and dependable electricity," says Ernst Zeller, Head of segment Hydro at AFRY. AFRY's assignment will be delivered in two phases. During the first phase, AFRY will provide tender-stage engineering and procurement support. The second phase includes detailed design and construction supervision during project implementation, together with other project delivery services. "We are proud to support HPPCL in the delivery of the Thana Plaun Hydropower Project. This important project will contribute to Himachal Pradesh's renewable energy ambitions and strengthen the region's clean power infrastructure for years to come," says Sai Seela, Managing Director, India at AFRY. The project is expected to be delivered in 2032. AFRY provides engineering, project management, and advisory services that enable the energy and industrial transition and strengthen resilience in society. With 18,000 experts worldwide, Afry Ab combine a global reach with local insights and deep sector knowledge to make a lasting impact for generations to come. Making future For further information, please contact: Josephine Sirander, Communications Manager, Global Energy Division, AFRY +46 73 034 47 62 [email protected] Related images.

Swiss Data Center Association
Aug 24th, 2026
AFRY Switzerland becomes a new partner of the SDCA

* 24.08.26 AFRY Switzerland becomes a new partner of the SDCA. SDCA is pleased to welcome AFRY as a new partner of the Swiss Data Center Association (SDCA). With AFRY, SDCA is expanding its network to include an internationally active company that brings extensive expertise in engineering, project management, and consulting, and is actively shaping the transformation of the energy and industrial sectors. With approximately 18,000 experts worldwide, AFRY combines global reach with local know-how and in-depth industry knowledge. The company's goal is to develop sustainable solutions that strengthen the resilience of its society and make a positive contribution for future generations. Of particular relevance to SDCA is AFRY's long-standing experience in the data center sector. The company has been active in the Swiss data center ecosystem for many years and supports developers, operators, and investors in their projects. Its range of services includes data center planning and project management as well as independent market analyses and strategic consulting. With AFRY, SDCA is gaining a partner that combines technical expertise, market insight, and international experience. This perspective is particularly valuable for its network - especially at the intersection of digital infrastructure, energy, and sustainability, which plays a central role in the future development of the Swiss data center industry. Richard Payne Head of the Data Centers Division, AFRY Management Consulting "Switzerland is a growing market for data center expansion in Europe. AFRY has been part of the Swiss data center ecosystem for many years and looks forward to collaborating even more comprehensively and closely with data center developers, operators, and investors in Switzerland through the SDCA. We offer data center planning and project management, independent market analyses, and strategic consulting to support our clients in their investments in building Switzerland's digital infrastructure." Roger Süess President SDCA "We are very pleased to welcome AFRY as a new partner in the SDCA. With its many years of experience in the Swiss data center market and its comprehensive expertise in engineering, energy, and strategic consulting, AFRY brings valuable know-how to our network. The intersection of digital infrastructure, energy, and sustainability is of central importance for the future of our industry. We look forward to exchanging ideas and working together to set new directions for a strong and sustainable data center hub in Switzerland." August 18, 2026 Read all news. SDCA members & partners. The Swiss Data Center Association is growing day by day. OFFICIAL MEMBERs. OFFICIAL partners.

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