# Hydrogen Europe Market Map 2026: 61 Startups in 5 Segments > 61 European hydrogen startups mapped in 5 segments: green hydrogen projects, electrolysers and fuel cells and more. $2.1B raised; logos, funding and rounds. Source: https://millionrounds.com/market-maps/hydrogen-europe-market-map (Millionrounds; every figure on the page links to its filing or article) ## Green hydrogen projects 20 - [Rega Energy](https://millionrounds.com/company/rega-energy) - [GravitHy](https://millionrounds.com/company/gravithy) - [Fuella](https://millionrounds.com/company/fuella) - [Gen2 Energy](https://millionrounds.com/company/gen2-energy) - [Matteco](https://millionrounds.com/company/matteco) - [P2X Solutions](https://millionrounds.com/company/p2x-solutions) - [HYGRO](https://millionrounds.com/company/hygro) - [ROTOBOOST](https://millionrounds.com/company/rotoboost) - [CPH2](https://millionrounds.com/company/cph2) - [Fusion Fuel](https://millionrounds.com/company/fusion-fuel) - [Parallel Carbon](https://millionrounds.com/company/parallel-carbon) - [HySun](https://millionrounds.com/company/hysun) - [Lhyfe](https://millionrounds.com/company/lhyfe) - [GREEN14](https://millionrounds.com/company/green14) - [Sakowin Green energy](https://millionrounds.com/company/sakowin-green-energy) - [Caplyzer](https://millionrounds.com/company/caplyzer) - [Fibernex](https://millionrounds.com/company/fibernex) - [Rhyde](https://millionrounds.com/company/rhyde) - [LUX Industries](https://millionrounds.com/company/lux-industries) - [COOloop](https://millionrounds.com/company/cooloop) ## Electrolysers 15 - [Sunfire](https://millionrounds.com/company/sunfire) - [HiiROC](https://millionrounds.com/company/hiiroc) - [Hystar](https://millionrounds.com/company/hystar) - [Stargate Hydrogen](https://millionrounds.com/company/stargate-hydrogen) - [Kerionics](https://millionrounds.com/company/kerionics) - [HydrogenPro](https://millionrounds.com/company/hydrogenpro) - [Dynelectro](https://millionrounds.com/company/dynelectro) - [Brineworks](https://millionrounds.com/company/brineworks) - [Jolt Electrodes](https://millionrounds.com/company/jolt-electrodes) - [Elcogen](https://millionrounds.com/company/elcogen) - [HYMETH](https://millionrounds.com/company/hymeth) - [Oort Energy](https://millionrounds.com/company/oort-energy) - [Spiral Hydrogen](https://millionrounds.com/company/spiral-hydrogen) - [Electrogenos](https://millionrounds.com/company/electrogenos) - [HyWaves](https://millionrounds.com/company/hywaves) ## Fuel cells 11 - [Intelligent Energy](https://millionrounds.com/company/intelligent-energy) - [BeFC Bioenzymatic Fuel Cells](https://millionrounds.com/company/befc-bioenzymatic-fuel-cells) - [Blue World Technologies](https://millionrounds.com/company/blue-world-technologies) - [VAIREX international](https://millionrounds.com/company/vairex-international) - [Genevos](https://millionrounds.com/company/genevos) - [Arcola Energy](https://millionrounds.com/company/arcola-energy) - [ReCatalyst](https://millionrounds.com/company/recatalyst) - [Riversimple](https://millionrounds.com/company/riversimple) - [CGON](https://millionrounds.com/company/cgon) - [WattAnyWhere](https://millionrounds.com/company/wattanywhere) - [KRAFTWERK](https://millionrounds.com/company/kraftwerk) ## Storage and transport 11 - [Atome Energy](https://millionrounds.com/company/atome-energy) - [ABO Energy](https://millionrounds.com/company/abo-energy) - [Hy2gen](https://millionrounds.com/company/hy2gen) - [HVR Energy](https://millionrounds.com/company/hvr-energy) - [Photoncycle](https://millionrounds.com/company/photoncycle) - [RFC Power](https://millionrounds.com/company/rfc-power) - [Ergosup](https://millionrounds.com/company/ergosup) - [H2GO Power](https://millionrounds.com/company/h2go-power) - [Neology](https://millionrounds.com/company/neology) - [Cella Energy](https://millionrounds.com/company/cella-energy) - [Hyppo Hydrogen Solutions](https://millionrounds.com/company/hyppo-hydrogen-solutions) ## Hydrogen mobility 4 - [Quantron](https://millionrounds.com/company/quantron) - [Resato Hydrogen Technology](https://millionrounds.com/company/resato-hydrogen-technology) - [Ulemco](https://millionrounds.com/company/ulemco) - [InX Tech](https://millionrounds.com/company/inx-tech) ## Segment by segment ### Green hydrogen projects 20 startups · $249M raised - [**Rega Energy**](https://millionrounds.com/company/rega-energy) REGA ENERGY is a Portuguese renewable energy company established in 2021, focused on developing, financing, building, owning, and Portugal $67M - [**GravitHy**](https://millionrounds.com/company/gravithy) GravitHy is a French industrial company founded in June 2022, focused on producing low-carbon Direct Reduced Iron (DRI) and Hot-Br France $64M - [**Fuella**](https://millionrounds.com/company/fuella) Fuella is a pure-play developer of large-scale green hydrogen projects. Norway $22M - [**Gen2 Energy**](https://millionrounds.com/company/gen2-energy) Gen2 Energy creates, runs, and manages a green hydrogen supply chain. Norway $17M - [**Matteco**](https://millionrounds.com/company/matteco) Matteco is a materials technology company based in Valencia (Paterna), Spain, founded in 2023. Spain $16M - [**P2X Solutions**](https://millionrounds.com/company/p2x-solutions) P2X Solutions is a producer of green hydrogen and a pioneer in power-to-x technology. Finland $15M - [**HYGRO**](https://millionrounds.com/company/hygro) HYGRO is a green hydrogen supplier. Netherlands $13M - [**ROTOBOOST**](https://millionrounds.com/company/rotoboost) ROTOBOOST is a Norwegian innovation company based in Tønsberg, focused on hydrogen production and carbon capture using its proprie Finland $10M ### Electrolysers 15 startups · $467M raised - [**Sunfire**](https://millionrounds.com/company/sunfire) Sunfire GmbH is an industrial electrolysis company based in Dresden, Germany, founded in 2010 by Nils Aldag. Germany $281M - [**HiiROC**](https://millionrounds.com/company/hiiroc) HiiROC is a UK-based technology company founded in 2019 that specializes in producing low-cost, zero-emission clean hydrogen throu United Kingdom $53M - [**Hystar**](https://millionrounds.com/company/hystar) Hystar AS is a Norwegian company focused on developing and manufacturing advanced Proton Exchange Membrane (PEM) electrolysers for Norway $36M - [**Stargate Hydrogen**](https://millionrounds.com/company/stargate-hydrogen) Stargate Hydrogen Solutions offers turn-key electrolysis solutions for the production of green hydrogen with renewable energy. Estonia $24M - [**Kerionics**](https://millionrounds.com/company/kerionics) KERIONICS S.L. Spain $15M - [**HydrogenPro**](https://millionrounds.com/company/hydrogenpro) HydrogenPro designs, manufactures, and supplies high-pressure alkaline electrolyzers. Norway $14M - [**Dynelectro**](https://millionrounds.com/company/dynelectro) Dynelectro is a Danish deep-tech innovation firm and Original Equipment Manufacturer (OEM) focused on advanced solid oxide electro Denmark $12M - [**Brineworks**](https://millionrounds.com/company/brineworks) Brineworks is a climate technology startup based in Amsterdam, founded in 2023. Netherlands $8.0M ### Fuel cells 11 startups · $230M raised - [**Intelligent Energy**](https://millionrounds.com/company/intelligent-energy) Intelligent Energy is a clean power systems company offering fuel cell and hydrogen generation technologies. United Kingdom $185M - [**BeFC Bioenzymatic Fuel Cells**](https://millionrounds.com/company/befc-bioenzymatic-fuel-cells) BeFC Bioenzymatic Fuel Cells is a French DeepTech startup founded in 2020, specializing in ultra-thin, flexible, paper-based bioen France $17M - [**Blue World Technologies**](https://millionrounds.com/company/blue-world-technologies) Blue World Technologies is a developer and manufacturer of high-efficiency methanol fuel cell components and systems. Denmark $12M - [**VAIREX international**](https://millionrounds.com/company/vairex-international) VAIREX international provides integrated air compressors for the global hydrogen fuel cell and diesel emissions control markets. United Kingdom $7.4M - [**Genevos**](https://millionrounds.com/company/genevos) Genevos is a French startup founded in 2018, based in Lagord, Nouvelle-Aquitaine. France $2.7M - [**Arcola Energy**](https://millionrounds.com/company/arcola-energy) Arcola Energy is a leader in hydrogen and fuel cell integration, specializing in zero-emission solutions for heavy-duty vehicles. United Kingdom $2.1M - [**ReCatalyst**](https://millionrounds.com/company/recatalyst) ReCatalyst develops next-generation PEM fuel cell catalysts. Slovenia $1.9M - [**Riversimple**](https://millionrounds.com/company/riversimple) Riversimple is a UK-based car manufacturer located in Llandrindod Wells, Wales. United Kingdom $1.0M ### Storage and transport 11 startups · $1.1B raised - [**Atome Energy**](https://millionrounds.com/company/atome-energy) Atome Energy is the green hydrogen and ammonia project development company to create a greener, cleaner environment. United Kingdom $665M - [**ABO Energy**](https://millionrounds.com/company/abo-energy) ABO Energy develops wind and solar energy projects, battery storage, and green hydrogen systems. Germany $279M - [**Hy2gen**](https://millionrounds.com/company/hy2gen) HY2GEN AG is a German renewable energy company based in Wiesbaden, specializing in the production of green hydrogen and hydrogen-b Germany $54M - [**HVR Energy**](https://millionrounds.com/company/hvr-energy) HVR Energy is a Spanish company based in Madrid, founded in 2020. Spain $23M - [**Photoncycle**](https://millionrounds.com/company/photoncycle) Photoncycle is a renewable energy technology company based in Oslo Science Park, Norway. Norway $17M - [**RFC Power**](https://millionrounds.com/company/rfc-power) RFC Power is a global provider of long-duration energy storage solutions, focused on developing a low-cost hydrogen-manganese hybr United Kingdom $15M - [**Ergosup**](https://millionrounds.com/company/ergosup) ERGOSUP is a French deep-tech startup focused on the production, storage, and distribution of green hydrogen at very high pressures. France $12M - [**H2GO Power**](https://millionrounds.com/company/h2go-power) H2GO Power develops safe and low-cost hydrogen production and storage technologies. United Kingdom $3.5M ### Hydrogen mobility 4 startups · $86M raised - [**Quantron**](https://millionrounds.com/company/quantron) Quantron is a system provider of clean battery and hydrogen-powered e-mobility for commercial vehicles such as trucks, buses, and vans. Germany $50M - [**Resato Hydrogen Technology**](https://millionrounds.com/company/resato-hydrogen-technology) Resato Hydrogen Technology is a leading Dutch company specializing in sustainable hydrogen infrastructure. Netherlands $25M - [**Ulemco**](https://millionrounds.com/company/ulemco) Ulemco specializes in the development of hydrogen technologies that allows commercial vehicles to run off hydrogen. United Kingdom $10M - [**InX Tech**](https://millionrounds.com/company/inx-tech) InX 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. ## More market maps [All maps](https://millionrounds.com/market-maps) [Market map **Hydrogen market map** 127 startups · 5 segments · $5.3B](https://millionrounds.com/market-maps/hydrogen-market-map)[New wave **New hydrogen startups, founded 2020 on** 49 startups · 5 segments · $1.5B](https://millionrounds.com/market-maps/new-hydrogen-startups-market-map)[Investors map **Who invests in hydrogen** 38 investors · 4 segments](https://millionrounds.com/market-maps/hydrogen-investors-map)[Market map · United States **Hydrogen market map: United States** 35 startups · 5 segments · $2.4B](https://millionrounds.com/market-maps/hydrogen-united-states-market-map)[Raised in 2026 **Hydrogen startups that raised in 2026** 26 startups · 4 segments · $1.4B](https://millionrounds.com/market-maps/hydrogen-raised-2026-market-map)[Market map · United Kingdom **Hydrogen market map: United Kingdom** 18 startups · 4 segments · $949M](https://millionrounds.com/market-maps/hydrogen-united-kingdom-market-map) ## Who backs hydrogen? 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