Top list · Worldwide
Hydrogen production startups worldwide
34 hydrogen production startups worldwide have raised money in rounds we track. These are the 34 that have raised the most, $459M between them, with the United States the most common home.
- 1BayoTechBayoTech sites hydrogen production close to demand and distributes it to consumers via high-pressure gas transport and storage equipment.
BayoTech sites hydrogen production close to demand and distributes it to consumers via high-pressure gas transport and storage equipment.
Founded 2015United States$170Mlast round Jan 2021 - 2
Hy2genHY2GEN AG is a German renewable energy company based in Wiesbaden, specializing in the production of green hydrogen and hydrogen-based e-fuels.HY2GEN AG is a German renewable energy company based in Wiesbaden, specializing in the production of green hydrogen and hydrogen-based e-fuels.
Founded 2017Wiesbaden, Germany$54Mlast round Apr 2025 - 3
HystarHystar AS is a Norwegian company focused on developing and manufacturing advanced Proton Exchange Membrane (PEM) electrolysers for large-scale green hydrogen production.Hystar AS is a Norwegian company focused on developing and manufacturing advanced Proton Exchange Membrane (PEM) electrolysers for large-scale green hydrogen production.
Founded 2021Oslo, Norway$36Mlast round May 2025 - 4
Stargate HydrogenStargate Hydrogen Solutions offers turn-key electrolysis solutions for the production of green hydrogen with renewable energy.Stargate Hydrogen Solutions offers turn-key electrolysis solutions for the production of green hydrogen with renewable energy.
Founded 2021Tallinn, Estonia$24Mlast round Sept 2026 - 5
EvolOHEVOLOH is a cleantech company based in Santa Clara, California, founded in April 2020.EVOLOH is a cleantech company based in Santa Clara, California, founded in April 2020.
Founded 2020Santa Clara, United States$20Mlast round Mar 2024 - 6
MattecoMatteco is a materials technology company based in Valencia (Paterna), Spain, founded in 2023.Matteco is a materials technology company based in Valencia (Paterna), Spain, founded in 2023.
Founded 2023Paterna, Spain$16Mlast round Oct 2024 - 7
HydroGraph Clean PowerHydroGraph Clean Power is engaged in developing & commercializing a disruptive patented technology for the production of graphene, hydrogen.HydroGraph Clean Power is engaged in developing & commercializing a disruptive patented technology for the production of graphene, hydrogen.
Founded -Vancouver, Canada$14Mlast round Nov 2025 - 8Mingyang Hydrogen EnergyMingyang Hydrogen Energy is a company that manufactures and distributes high-performance hydrogen production electrolyzer devices.
Mingyang Hydrogen Energy is a company that manufactures and distributes high-performance hydrogen production electrolyzer devices.
Founded 2023Beijing$14Mlast round Nov 2024 - 9
Vema HydrogenVema Hydrogen is a pioneering clean hydrogen production company.Vema Hydrogen is a pioneering clean hydrogen production company.
Founded -Wilmington, United States$13Mlast round Feb 2025 - 10
ErgosupERGOSUP is a French deep-tech startup focused on the production, storage, and distribution of green hydrogen at very high pressures.ERGOSUP is a French deep-tech startup focused on the production, storage, and distribution of green hydrogen at very high pressures.
Founded 2012Malataverne, France$12Mlast round Feb 2019 - 11
Phase Two ChemicalsPhase Two Chemicals specializes in clean chemistry and industrial electrochemistry, focusing on on-site, on-demand hydrogen peroxide production for industrial users.Phase Two Chemicals specializes in clean chemistry and industrial electrochemistry, focusing on on-site, on-demand hydrogen peroxide production for industrial users.
Founded 2022Shanghai, United States$12Mlast round Jan 2022 - 12
ROTOBOOSTROTOBOOST is a Norwegian innovation company based in Tønsberg, focused on hydrogen production and carbon capture using its proprietary thermocatalytic decomposiROTOBOOST is a Norwegian innovation company based in Tønsberg, focused on hydrogen production and carbon capture using its proprietary thermocatalytic decomposi
Founded 2009Helsinki, Finland$10Mlast round Jul 2026 - 13
Peregrine HydrogenPeregrine Hydrogen is a climate technology company based in Santa Cruz, California, founded in 2023.Peregrine Hydrogen is a climate technology company based in Santa Cruz, California, founded in 2023.
Founded 2023Seattle, United States$7.5Mlast round Jul 2025 - 14
NewtraceNewtrace Private Limited is a climate-tech and deep-tech startup based in Bengaluru, Karnataka, India, founded in 2021.Newtrace Private Limited is a climate-tech and deep-tech startup based in Bengaluru, Karnataka, India, founded in 2021.
Founded 2021Bengaluru, India$6.2Mlast round Mar 2026 - 15
ElcogenElcogen is a European clean energy technology manufacturer founded in 2001, specializing in solid oxide fuel cell (SOFC) and solid oxide electrolyser cell (SOECElcogen is a European clean energy technology manufacturer founded in 2001, specializing in solid oxide fuel cell (SOFC) and solid oxide electrolyser cell (SOEC
Founded 2001Joelaehtme, Estonia$6.1Mlast round Jan 2025 - 16
HYDGENHYDGEN develops modular electrolyzer systems designed for on-site and on-demand green hydrogen production.HYDGEN develops modular electrolyzer systems designed for on-site and on-demand green hydrogen production.
Founded 2024Singapore, Singapore$5.0Mlast round Oct 2025 - 17
Fusion FuelFusion Fuel is into production of green hydrogen.Fusion Fuel is into production of green hydrogen.
Founded 2017Dublin, Ireland$4.3Mlast round Jul 2025 - 18
HYMETHHymeth is a Danish clean-tech company founded in 2016, focused on developing high-efficiency alkaline electrolyzers for green hydrogen production.Hymeth is a Danish clean-tech company founded in 2016, focused on developing high-efficiency alkaline electrolyzers for green hydrogen production.
Founded 2016Malmoe, Denmark$4.2Mlast round May 2025 - 19
Parallel CarbonParallel Carbon is a Manchester-based climate technology company founded in 2021.Parallel Carbon is a Manchester-based climate technology company founded in 2021.
Founded 2021Manchester, United Kingdom$3.8Mlast round Jan 2024 - 20
Hydrogen OptimizedHydrogen Optimized develops and commercializes innovative large-scale Green Hydrogen production systems targeted to high-growth markets.Hydrogen Optimized develops and commercializes innovative large-scale Green Hydrogen production systems targeted to high-growth markets.
Founded 2017Owen Sound, Canada$3.5Mlast round Sept 2023 - 21
HySunhysun, operating as Power2Hydrogen, S.L., is a Madrid-based cleantech company founded in 2023.hysun, operating as Power2Hydrogen, S.L., is a Madrid-based cleantech company founded in 2023.
Founded 2023Valdemoro, Spain$3.5Mlast round Oct 2025 - 22
H2GO PowerH2GO Power develops safe and low-cost hydrogen production and storage technologies.H2GO Power develops safe and low-cost hydrogen production and storage technologies.
Founded 2014Central London, United Kingdom$3.5Mlast round Aug 2023 - 23
ThiozenThiozen develops novel hydrogen gas production technology designed to reduce greenhouse gases.Thiozen develops novel hydrogen gas production technology designed to reduce greenhouse gases.
Founded 2020Pasadena, United States$3.2Mlast round Apr 2024 - 24
Spiral HydrogenSpiral Hydrogen is a deep-tech startup based in Tartu, Estonia, founded in 2024.Spiral Hydrogen is a deep-tech startup based in Tartu, Estonia, founded in 2024.
Founded 2024Netherlands$3.1Mlast round Apr 2026 - 25
Aurora HydrogenAurora Hydrogen is a cleantech startup based in Edmonton, Alberta, founded in 2021.Aurora Hydrogen is a cleantech startup based in Edmonton, Alberta, founded in 2021.
Founded 2021Edmonton, Canada$3.0Mlast round Jul 2024 - 26
GREEN14GREEN14 is a Stockholm-based technology startup founded in 2021, focused on the extraction and production of critical raw materials, particularly high-purity siGREEN14 is a Stockholm-based technology startup founded in 2021, focused on the extraction and production of critical raw materials, particularly high-purity si
Founded 2021Stockholm, Sweden$2.1Mlast round Feb 2025 - 27
1s1 Energy1s1 Energy is a private cleantech startup founded in 2019, focused on developing advanced Proton Exchange Membrane (PEM) electrolyzers for efficient and cost-ef1s1 Energy is a private cleantech startup founded in 2019, focused on developing advanced Proton Exchange Membrane (PEM) electrolyzers for efficient and cost-ef
Founded 2019Portola Valley, United States$1.4Mlast round Oct 2024 - 28
Sakowin Green energySakowin Green Energy is a French DeepTech cleantech startup founded in 2017, specializing in the production of decarbonized hydrogen and solid carbon.Sakowin Green Energy is a French DeepTech cleantech startup founded in 2017, specializing in the production of decarbonized hydrogen and solid carbon.
Founded 2017Aix-en-Provence, France$1.1Mlast round Aug 2023 - 29
PCC HydrogenPCC Hydrogen is a green hydrogen production company that converts environmentally friendly ethanol into high-purity green hydrogen.PCC Hydrogen is a green hydrogen production company that converts environmentally friendly ethanol into high-purity green hydrogen.
Founded 2022Louisville, United States$844Klast round Dec 2025 - 30
CaplyzerCaplyzer is a Swedish deeptech startup founded in April 2022 at the KTH Royal Institute of Technology in Stockholm.Caplyzer is a Swedish deeptech startup founded in April 2022 at the KTH Royal Institute of Technology in Stockholm.
Founded 2022Stockholm, Sweden$727Klast round Jul 2026 - 31
FibernexFibernex develops nanofiber materials to optimize green hydrogen production.Fibernex develops nanofiber materials to optimize green hydrogen production.
Founded -Copenhagen, Denmark$646Klast round Sept 2026 - 32
LUX IndustriesLUX Industries is a renewable energy startup specializing in scalable, on-site hydrogen production.LUX Industries is a renewable energy startup specializing in scalable, on-site hydrogen production.
Founded -Wantage, United Kingdom$374Klast round Oct 2025 - 33
COOloopThe hydrogen economy's bottleneck isn't production - it's profitable demand.The hydrogen economy's bottleneck isn't production - it's profitable demand.
Founded 2025London, United Kingdom$200Klast round Mar 2026 - 34
Tobe EnergyTobe Energy is a green hydrogen production company based in Tulsa, Oklahoma, founded in 2024.Tobe Energy is a green hydrogen production company based in Tulsa, Oklahoma, founded in 2024.
Founded 2024Tulsa, United States$150Klast round Dec 2025
United States
Wiesbaden, Germany
Oslo, Norway
Tallinn, Estonia
Paterna, Spain
Vancouver, Canada
Malataverne, France
Helsinki, Finland
Bengaluru, India
Singapore, Singapore
Dublin, Ireland
Malmoe, Denmark
Manchester, United Kingdom
Netherlands
Stockholm, SwedenCompanies whose own description names this theme, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.
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