Top 10 Hydrogen Fuel startups

Updated: April 23, 2024

Hydrogen fuel startups are actively working on developing advanced technologies for the production, storage, and utilization of hydrogen as a clean and sustainable energy source, including electrolysis systems, hydrogen storage solutions, fuel cells, and hydrogen infrastructure, with the aim of accelerating the adoption of hydrogen as a viable alternative to fossil fuels, promoting decarbonization, and enabling a transition to a low-carbon energy future.
1
Country: USA | Funding: $3.3B
Nikola’s fuel cell membrane electrode assembly (MEA) research is aimed at developing an architecture that could satisfy the power output needs and durability requirements of heavy-duty applications, such as the operations of the company’s long-haul vehicles like the Nikola One.
2
Country: USA | Funding: $642.2M
Solugen has developed a unique process for the synthesis of hydrogen peroxide inspired by principles of cancer biology.
3
Country: USA | Funding: $602M
Electric Hydrogen develops electrolyzer technologies to enable abundant, low-cost, and clean hydrogen to replace fossil fuels.
4
Country: USA | Funding: $468M
Mainspring Energy is engineering advanced technology to revolutionize the way electricity is generated and delivered
5
Country: USA | Funding: $364.3M
Monolith is a next-generation clean materials company that uses a proprietary process to produce clean hydrogen, carbon black and ammonia.
6
Country: Ireland | Funding: $336.4M
Koloma is a geologic hydrogen company that leverages technology and data to identify and commercialize geologic hydrogen resources.
7
Country: USA | Funding: $295M
Ohmium is a green hydrogen company that manufactures proton exchange membrane systems to produce pressurized, high-purity hydrogen.
8
Country: USA | Funding: $256.7M
ZeroAvia enables zero emission air travel at scale, starting with 500 mile short-haul trips, at half of today’s cost.
9
Country: France | Funding: €200M
HysetCo is a pioneering hydrogen mobility start-up that helps its clients shift to zero-emission transportation.
10
Country: UK | Funding: $173.6M
Tevva Motors Ltd is a UK-based, leading developer of modular electrification systems for medium duty commercial vehicles. Using a systems engineering approach, Tevva has developed world-class electric vehicle technology that adheres to the most rigorous of standards to ensure safety, reliability and durability.
11
Country: USA | Funding: $174.1M
BayoTech provides low cost, low/no carbon hydrogen generation systems for agriculture, fuel cells, and energy industries.
12
Country: Italy | Funding: $132.2M
Enapter makes highly efficient hydrogen generators with patented Anion Exchange Membrane (AEM) technology and Energy Management Software.
13
Country: Norway | Funding: NOK1.3B
Hexagon Purus is a leader in zero-emission mobility solutions, offering hydrogen high-pressure and battery electric vehicle systems. Their advanced technology includes Type 4 cylinders, efficient gas transport modules, and innovative fuel storage systems, serving various market segments from light-duty to aerospace.
14
Country: USA | Funding: $112M
EnerVenue provides metal-hydrogen batteries for large-scale renewable and storage applications.
15
Country: Israel | Funding: $107.2M
Enabling wide scale adoption of sustainable hydrogen fuel
16
Country: USA | Funding: $106M
Syzygy Plasmonics is creating a hydrogen fuel cell technology that produces a cheaper source of energy that releases fewer carbon emissions.
17
Country: USA | Funding: $82.5M
Universal Hydrogen is a fuel logistics company that is working to make hydrogen-powered commercial flight a possibility in the near future.
18
Country: USA | Funding: $73.6M
Modern Hydrogen is developing methane pyrolysis reactors that take natural gas from fossil fuels or biogas from sources like manure and strip off the carbon to make hydrogen. The hydrogen burns cleanly, producing water vapor as a byproduct. The fuel can be used for energy production, in industrial processes like steel manufacturing, and in fuel cells.
19
Country: Israel | Funding: $60.2M
GenCell develops fuel cells capable of converting hydrogen and ammonia into hydrogen fuel
20
Country: UK | Funding: $57.8M
Bramble Energy is an innovator energy technology company that designs and manufactures high-performance, low-cost, and fuel cell stack
21
Country: Estonia | Funding: €50.1M
Elcogen is a manufacturer of efficient and high-performance fuel cells to help enable a clean energy future.
22
Country: Germany
MAN Energy Solutions enables its customers to achieve sustainable value creation in the transition towards a carbon neutral future.
23
Country: USA | Funding: $45.5M
C-Zero is developing a technology that converts natural gas to hydrogen, a much cleaner source of fuel, and solid carbon as the only waste stream for use in electrical generation, process heating and the production of commodity chemicals like hydrogen and ammonia.
24
Country: Canada | Funding: $45.3M
Ionomr has developed revolutionary ion exchange membrane technology that drastically improves efficiency and performance while minimizing cost and environmental impact: hydrogen generation to fuel the hydrogen economy, hydrogen fuel cells to power vehicles, ships, buildings, conversion of CO2 to synthetic fuels
25
Country: Netherlands | Funding: €40M
Battolyser is an integrated battery and electrolyser system producing green hydrogen at low costs without using scarce materials
26
Country: USA | Funding: $36M
OxEon Energy is a cleantech start-up that works on alternative energy storage, synthetic fuels, and high purity gas production.
27
Country: Denmark | Funding: $34.3M
Green Hydrogen Systems believes that electrolysers have a great potential to become a core technology in green and renewable energy.
28
Country: USA | Funding: $33M
Utility’s hydrogen production systems are based upon our proprietary high-temperature electrolysis processes that convert water into high-purity hydrogen. Our cutting-edge techniques are centered around high-efficiency, environmental-sustainability, and low-cost.
29
Country: USA | Funding: $30M
Clean Hydrogen Works is providing safe, responsible, and innovative clean energy solutions for a carbon-free world (building hydrogen-ammonia plant).
30
Country: Australia | Funding: A$42.5M
Hysata is a developer of hydrogen electrolyzer designed to accelerate the world's shift away from fossil fuels to green hydrogen
31
Country: USA | Funding: $21.8M
Raven is a producer of green hydrogen and synthetic fuels using organic waste.
32
Country: France | Funding: €18.8M
Qairos Energies turns hemp biomass to hydrogen that will be converted into electricity for fuel cells to power buses and trains.
33
Country: USA
Arbor Renewable Gas produces renewable gasoline and hydrogen from waste wood and forest residue.
34
Country: USA | Funding: $19.6M
Advanced Ionics engages in eliminating the green premium associated with green hydrogen production.
35
Country: USA | Funding: $20M
NovoHydrogen is experienced at deploying and commercializing successful innovative energy transition technologies.
36
Country: USA | Funding: $20.2M
EVOLOH builds the highest throughput electrolyzer stack factories in the world.
37
Country: The Netherlands | Funding: €18.1M
VSPARTICLE develops catalyst coated membranes (CCMs). These are a crucial component in proton exchange membrane (PEM) electrolysis, a technology used for green hydrogen production.
38
Country: France | Funding: €16.2M
Ergosup has developed an innovative process for producing high pressure hydrogen on site for refueling hydrogen fuel vehicles.
39
Country: France | Funding: €16.2M
HySiLabs offers hydrogen-based liquid fuel, which is stable, non-toxic, non-explosive, generates no emissions, and can be stored, enabling customers to use it for different applications at room temperature.
40
Country: Canada | Funding: $15.9M
Aurora Hydrogen is developing the next generation of hydrogen production technology.
41
Country: Canada | Funding: $15.1M
Loop Fuel Cell Range Extenders are engineered for premium performance to reduce the carbon footprint of trucks and buses while cutting costs and increasing productivity.
42
Country: USA | Funding: $15.2M
Bringing scalable, low-cost, clean green hydrogen energy to the very near future.
43
Country: Spain | Funding: €12.5M
H2SITE produces onsite and renewable H2 for small and medium companies.
44
Country: Netherlands | Funding: €11.8M
Hygro is a green hydrogen supplier. It offers a scalable, cost-competitive solution to produce green hydrogen in the early market.
45
Country: Switzerland | Funding: $10.7M
UniSieve is a cleantech company that provides molecular separation membrane solutions for a wide range of applications. Energy carriers such as hydrogen or methane are transported and consumed in purified form.
46
Country: USA
SGH2's technology uses high-temperature plasma torches to incinerate recycled waste, producing hydrogen as a byproduct.
47
Country: Australia | Funding: $9.3M
Endua is pioneering new hydrogen generation and storage technologies that can deliver affordable and reliable renewable energy - laying the foundation for off-grid and diesel energy users to meet decarbonisation commitments and become self-sustaining.
48
Country: Switzerland | Funding: $8.4M
EH Group Engineering is focused on the development and production of its innovative fuel cell technology
49
Country: UK | Funding: £6.8M
H2GO Power develops hydrogen energy storage. It's solution stores hydrogen gas that can be burned in fuel cells by using nanomaterials to create a flexible sponge that traps hydrogen atoms in its pores.
50
Country: USA | Funding: $7.8M
Peregrine Hydrogen operates as a climate technology company pioneering a dual production method for green hydrogen and valuable chemicals.