Market map · Europe

Hydrogen market map: Europe

61 hydrogen startups based in Europe that have raised money in rounds we track, placed in 5 segments by what each says it does. Together they have raised $2.1B; the biggest segment is green hydrogen projects.

61startups on the map
5segments
$2.1Braised between them
Storage and transportmost funded segment

Green hydrogen projects

20

Electrolysers

15

Fuel cells

11

Storage and transport

11

Hydrogen mobility

4

Segment by segment

Green hydrogen projects

20 startups · $249M raised

  1. Rega EnergyREGA ENERGY is a Portuguese renewable energy company established in 2021, focused on developing, financing, building, owning, and Portugal$67M
  2. GravitHyGravitHy is a French industrial company founded in June 2022, focused on producing low-carbon Direct Reduced Iron (DRI) and Hot-BrFrance$64M
  3. FuellaFuella is a pure-play developer of large-scale green hydrogen projects.Norway$22M
  4. Gen2 EnergyGen2 Energy creates, runs, and manages a green hydrogen supply chain.Norway$17M
  5. MattecoMatteco is a materials technology company based in Valencia (Paterna), Spain, founded in 2023.Spain$16M
  6. P2X SolutionsP2X Solutions is a producer of green hydrogen and a pioneer in power-to-x technology.Finland$15M
  7. HYGROHYGRO is a green hydrogen supplier.Netherlands$13M
  8. ROTOBOOSTROTOBOOST is a Norwegian innovation company based in Tønsberg, focused on hydrogen production and carbon capture using its proprieFinland$10M

Electrolysers

15 startups · $467M raised

  1. SunfireSunfire GmbH is an industrial electrolysis company based in Dresden, Germany, founded in 2010 by Nils Aldag.Germany$281M
  2. HiiROCHiiROC is a UK-based technology company founded in 2019 that specializes in producing low-cost, zero-emission clean hydrogen throuUnited Kingdom$53M
  3. HystarHystar AS is a Norwegian company focused on developing and manufacturing advanced Proton Exchange Membrane (PEM) electrolysers forNorway$36M
  4. Stargate HydrogenStargate Hydrogen Solutions offers turn-key electrolysis solutions for the production of green hydrogen with renewable energy.Estonia$24M
  5. KerionicsKERIONICS S.L.Spain$15M
  6. HydrogenProHydrogenPro designs, manufactures, and supplies high-pressure alkaline electrolyzers.Norway$14M
  7. DynelectroDynelectro is a Danish deep-tech innovation firm and Original Equipment Manufacturer (OEM) focused on advanced solid oxide electroDenmark$12M
  8. BrineworksBrineworks is a climate technology startup based in Amsterdam, founded in 2023.Netherlands$8.0M

Fuel cells

11 startups · $230M raised

  1. Intelligent EnergyIntelligent Energy is a clean power systems company offering fuel cell and hydrogen generation technologies.United Kingdom$185M
  2. BeFC Bioenzymatic Fuel CellsBeFC Bioenzymatic Fuel Cells is a French DeepTech startup founded in 2020, specializing in ultra-thin, flexible, paper-based bioenFrance$17M
  3. Blue World TechnologiesBlue World Technologies is a developer and manufacturer of high-efficiency methanol fuel cell components and systems.Denmark$12M
  4. VAIREX internationalVAIREX international provides integrated air compressors for the global hydrogen fuel cell and diesel emissions control markets.United Kingdom$7.4M
  5. GenevosGenevos is a French startup founded in 2018, based in Lagord, Nouvelle-Aquitaine.France$2.7M
  6. Arcola EnergyArcola Energy is a leader in hydrogen and fuel cell integration, specializing in zero-emission solutions for heavy-duty vehicles.United Kingdom$2.1M
  7. ReCatalystReCatalyst develops next-generation PEM fuel cell catalysts.Slovenia$1.9M
  8. RiversimpleRiversimple is a UK-based car manufacturer located in Llandrindod Wells, Wales.United Kingdom$1.0M

Storage and transport

11 startups · $1.1B raised

  1. Atome EnergyAtome Energy is the green hydrogen and ammonia project development company to create a greener, cleaner environment.United Kingdom$665M
  2. ABO EnergyABO Energy develops wind and solar energy projects, battery storage, and green hydrogen systems.Germany$279M
  3. Hy2genHY2GEN AG is a German renewable energy company based in Wiesbaden, specializing in the production of green hydrogen and hydrogen-bGermany$54M
  4. HVR EnergyHVR Energy is a Spanish company based in Madrid, founded in 2020.Spain$23M
  5. PhotoncyclePhotoncycle is a renewable energy technology company based in Oslo Science Park, Norway.Norway$17M
  6. RFC PowerRFC Power is a global provider of long-duration energy storage solutions, focused on developing a low-cost hydrogen-manganese hybrUnited Kingdom$15M
  7. ErgosupERGOSUP is a French deep-tech startup focused on the production, storage, and distribution of green hydrogen at very high pressures.France$12M
  8. H2GO PowerH2GO Power develops safe and low-cost hydrogen production and storage technologies.United Kingdom$3.5M

Hydrogen mobility

4 startups · $86M raised

  1. QuantronQuantron is a system provider of clean battery and hydrogen-powered e-mobility for commercial vehicles such as trucks, buses, and vans.Germany$50M
  2. Resato Hydrogen TechnologyResato Hydrogen Technology is a leading Dutch company specializing in sustainable hydrogen infrastructure.Netherlands$25M
  3. UlemcoUlemco specializes in the development of hydrogen technologies that allows commercial vehicles to run off hydrogen.United Kingdom$10M
  4. InX TechInX Tech is a sustainability company that develops autonomous underwater vehicles powered by Hydrogen to collect data from the ocean.United Kingdom$319K

How this map is made. Every startup here has raised money in rounds we track, and is based in Europe. It joins the map when its sectors, read from its rounds, or the opening of its own description say it works in hydrogen, and goes to the first segment whose words it carries. Each segment shows its best-funded first. Rebuilt nightly; updated 15 November 2026.

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