# New Hydrogen Startups Founded Since 2020: Market Map 2026 (49 Companies) > 49 hydrogen startups founded in 2020 or later, mapped in 5 segments, best-funded first: $1.5B raised. Updated nightly. Source: https://millionrounds.com/market-maps/new-hydrogen-startups-market-map (Millionrounds; every figure on the page links to its filing or article) ## Green hydrogen projects 19 - [Ambient Fuels](https://millionrounds.com/company/ambient-fuels) - [EverWind Fuels](https://millionrounds.com/company/everwind-fuels) - [Rega Energy](https://millionrounds.com/company/rega-energy) - [GravitHy](https://millionrounds.com/company/gravithy) - [Fuella](https://millionrounds.com/company/fuella) - [*TH* Tai Hydrogen Energy](https://millionrounds.com/company/tai-hydrogen-energy) - [Matteco](https://millionrounds.com/company/matteco) - [P2X Solutions](https://millionrounds.com/company/p2x-solutions) - [Phase Two Chemicals](https://millionrounds.com/company/phase-two-chemicals) - [Newtrace](https://millionrounds.com/company/newtrace) - [Parallel Carbon](https://millionrounds.com/company/parallel-carbon) - [HySun](https://millionrounds.com/company/hysun) - [Thiozen](https://millionrounds.com/company/thiozen) - [Aurora Hydrogen](https://millionrounds.com/company/aurora-hydrogen) - [GREEN14](https://millionrounds.com/company/green14) - [PCC Hydrogen](https://millionrounds.com/company/pcc-hydrogen) - [Caplyzer](https://millionrounds.com/company/caplyzer) - [Rhyde](https://millionrounds.com/company/rhyde) - [COOloop](https://millionrounds.com/company/cooloop) ## Electrolysers 15 - [Electric Hydrogen](https://millionrounds.com/company/electric-hydrogen) - [Hystar](https://millionrounds.com/company/hystar) - [Stargate Hydrogen](https://millionrounds.com/company/stargate-hydrogen) - [EvolOH](https://millionrounds.com/company/evoloh) - [Greenzo Energy](https://millionrounds.com/company/greenzo-energy) - [*MH* Mingyang Hydrogen Energy](https://millionrounds.com/company/mingyang-hydrogen-energy) - [Brineworks](https://millionrounds.com/company/brineworks) - [Peregrine Hydrogen](https://millionrounds.com/company/peregrine-hydrogen) - [Jolt Electrodes](https://millionrounds.com/company/jolt-electrodes) - [HYDGEN](https://millionrounds.com/company/hydgen) - [Oort Energy](https://millionrounds.com/company/oort-energy) - [Spiral Hydrogen](https://millionrounds.com/company/spiral-hydrogen) - [Bspkl](https://millionrounds.com/company/bspkl) - [Electrogenos](https://millionrounds.com/company/electrogenos) - [Tobe Energy](https://millionrounds.com/company/tobe-energy) ## Fuel cells 6 - [BeFC Bioenzymatic Fuel Cells](https://millionrounds.com/company/befc-bioenzymatic-fuel-cells) - [*RH* Rongke Hydrogen](https://millionrounds.com/company/rongke-hydrogen) - [Teragen Energy](https://millionrounds.com/company/teragen-energy) - [Fuel Cell Millennium Technologies](https://millionrounds.com/company/fuel-cell-millennium-technologies) - [ReCatalyst](https://millionrounds.com/company/recatalyst) - [WattAnyWhere](https://millionrounds.com/company/wattanywhere) ## Storage and transport 6 - [EnerVenue](https://millionrounds.com/company/enervenue) - [*V* Verne](https://millionrounds.com/company/verne) - [Photoncycle](https://millionrounds.com/company/photoncycle) - [Arculus Solutions](https://millionrounds.com/company/arculus-solutions) - [Neology](https://millionrounds.com/company/neology) - [*QH* Qingde Hydrogen Energy](https://millionrounds.com/company/qingde-hydrogen-energy) ## Hydrogen mobility 3 - [HAMR Energy](https://millionrounds.com/company/hamr-energy) - [*RN* Rongcheng New Energy](https://millionrounds.com/company/rongcheng-new-energy) - [Colibriv](https://millionrounds.com/company/colibriv) ## Segment by segment ### Green hydrogen projects 19 startups · $726M raised - [**Ambient Fuels**](https://millionrounds.com/company/ambient-fuels) Ambient Fuels is a green energy developer that delivers green hydrogen solutions. United States $250M - [**EverWind Fuels**](https://millionrounds.com/company/everwind-fuels) EverWind Fuels developing new solar and wind farms to produce green hydrogen. Canada $234M - [**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 - [*TH* **Tai Hydrogen Energy**](https://millionrounds.com/company/tai-hydrogen-energy) Tai Hydrogen is an energy solutions provider that focuses on the products and applications of clean energy based on green hydrogen. - $21M - [**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 ### Electrolysers 15 startups · $245M raised - [**Electric Hydrogen**](https://millionrounds.com/company/electric-hydrogen) Electric Hydrogen develops electrolyzer technologies to enable abundant, low-cost, and clean hydrogen to replace fossil fuels. United States $100M - [**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 - [**EvolOH**](https://millionrounds.com/company/evoloh) EVOLOH is a cleantech company based in Santa Clara, California, founded in April 2020. United States $20M - [**Greenzo Energy**](https://millionrounds.com/company/greenzo-energy) Greenzo Energy manufactures electrolyzers and offers integrated green hydrogen generation solutions. India $15M - [*MH* **Mingyang Hydrogen Energy**](https://millionrounds.com/company/mingyang-hydrogen-energy) Mingyang Hydrogen Energy is a company that manufactures and distributes high-performance hydrogen production electrolyzer devices. - $14M - [**Brineworks**](https://millionrounds.com/company/brineworks) Brineworks is a climate technology startup based in Amsterdam, founded in 2023. Netherlands $8.0M - [**Peregrine Hydrogen**](https://millionrounds.com/company/peregrine-hydrogen) Peregrine Hydrogen is a climate technology company based in Santa Cruz, California, founded in 2023. United States $7.5M ### Fuel cells 6 startups · $46M raised - [**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 - [*RH* **Rongke Hydrogen**](https://millionrounds.com/company/rongke-hydrogen) Rongke Hydrogen is a hydrogen fuel cell R&D company, mainly engaged in hydrogen fuel cell research, manufacturing, and sales. China $16M - [**Teragen Energy**](https://millionrounds.com/company/teragen-energy) Teragen Energy develops advanced regenerative fuel cells, offering a versatile energy technology platform that generates power and United States $6.0M - [**Fuel Cell Millennium Technologies**](https://millionrounds.com/company/fuel-cell-millennium-technologies) Fuel Cell Millennium Technologies designs and manufactures hydrogen fuel cells and hydrogen field parts. South Korea $4.7M - [**ReCatalyst**](https://millionrounds.com/company/recatalyst) ReCatalyst develops next-generation PEM fuel cell catalysts. Slovenia $1.9M - [**WattAnyWhere**](https://millionrounds.com/company/wattanywhere) WattAnyWhere is a French-Swiss cleantech startup founded in 2021. Switzerland $445K ### Storage and transport 6 startups · $445M raised - [**EnerVenue**](https://millionrounds.com/company/enervenue) EnerVenue is an energy storage infrastructure company based in Fremont, California, founded in 2020. United States $312M - [*V* **Verne**](https://millionrounds.com/company/verne) Verne is a cleantech startup accelerating pioneering a new high-density, low-cost, and lightweight hydrogen storage system. United States $110M - [**Photoncycle**](https://millionrounds.com/company/photoncycle) Photoncycle is a renewable energy technology company based in Oslo Science Park, Norway. Norway $17M - [**Arculus Solutions**](https://millionrounds.com/company/arculus-solutions) Arculus Solutions is a cleantech company dedicated to enhancing hydrogen transportation through the retrofitting of natural gas in United States $2.0M - [**Neology**](https://millionrounds.com/company/neology) Neology Hydrogen SA is a Swiss energy technology company based in Lutry, founded in 2023. Switzerland $1.9M - [*QH* **Qingde Hydrogen Energy**](https://millionrounds.com/company/qingde-hydrogen-energy) Qingde Hydrogen Energy is a producer of hydrogen energy storage and utilization products and technical services. - $1.7M ### Hydrogen mobility 3 startups · $42M raised - [**HAMR Energy**](https://millionrounds.com/company/hamr-energy) Hydrogen assisted molecular recycling (HAMR) allows waste to be converted into chemicals for building products and fuels. Australia $32M - [*RN* **Rongcheng New Energy**](https://millionrounds.com/company/rongcheng-new-energy) Rongcheng New Energy is a hydrogen heavy-duty truck transport operation service provider. - $6.9M - [**Colibriv**](https://millionrounds.com/company/colibriv) A new era is being born in the world of aviation with the creation of hydrogen aircraft will help us achieve sustainability. United States $2.6M **How this map is made.** Every startup here has raised money in rounds we track, and was founded in 2020 or later. 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)[Investors map **Who invests in hydrogen** 38 investors · 4 segments](https://millionrounds.com/market-maps/hydrogen-investors-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 · Europe **Hydrogen market map: Europe** 61 startups · 5 segments · $2.1B](https://millionrounds.com/market-maps/hydrogen-europe-market-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)[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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