# Top 34 Hydrogen Production Startups Worldwide by Funding (2026)

> The 34 best-funded hydrogen production startups worldwide, ranked by total funding raised: $459M combined.

Source: https://millionrounds.com/top-lists/hydrogen-production-startups (Millionrounds; every figure on the page links to its filing or article)

- 1 [**BayoTech** BayoTech sites hydrogen production close to demand and distributes it to consumers via high-pressure gas transport and storage equipment.](https://millionrounds.com/company/bayotech) BayoTech sites hydrogen production close to demand and distributes it to consumers via high-pressure gas transport and storage equipment. *Founded* 2015 United States **$170M** last round Jan 2021
- 2 [**Hy2gen** HY2GEN AG is a German renewable energy company based in Wiesbaden, specializing in the production of green hydrogen and hydrogen-based e-fuels.](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-based e-fuels. *Founded* 2017 Wiesbaden, Germany **$54M** last round Apr 2025
- 3 [**Hystar** Hystar AS is a Norwegian company focused on developing and manufacturing advanced Proton Exchange Membrane (PEM) electrolysers for large-scale green hydrogen production.](https://millionrounds.com/company/hystar) Hystar AS is a Norwegian company focused on developing and manufacturing advanced Proton Exchange Membrane (PEM) electrolysers for large-scale green hydrogen production. *Founded* 2021 Oslo, Norway **$36M** last round May 2025
- 4 [**Stargate Hydrogen** Stargate Hydrogen Solutions offers turn-key electrolysis solutions for the production of green hydrogen with renewable energy.](https://millionrounds.com/company/stargate-hydrogen) Stargate Hydrogen Solutions offers turn-key electrolysis solutions for the production of green hydrogen with renewable energy. *Founded* 2021 Tallinn, Estonia **$24M** last round Sept 2026
- 5 [**EvolOH** EVOLOH is a cleantech company based in Santa Clara, California, founded in April 2020.](https://millionrounds.com/company/evoloh) EVOLOH is a cleantech company based in Santa Clara, California, founded in April 2020. *Founded* 2020 Santa Clara, United States **$20M** last round Mar 2024
- 6 [**Matteco** Matteco is a materials technology company based in Valencia (Paterna), Spain, founded in 2023.](https://millionrounds.com/company/matteco) Matteco is a materials technology company based in Valencia (Paterna), Spain, founded in 2023. *Founded* 2023 Paterna, Spain **$16M** last round Oct 2024
- 7 [**HydroGraph Clean Power** HydroGraph Clean Power is engaged in developing & commercializing a disruptive patented technology for the production of graphene, hydrogen.](https://millionrounds.com/company/hydrograph-clean-power) HydroGraph Clean Power is engaged in developing & commercializing a disruptive patented technology for the production of graphene, hydrogen. *Founded* - Vancouver, Canada **$14M** last round Nov 2025
- 8 [**Mingyang Hydrogen Energy** Mingyang Hydrogen Energy is a company that manufactures and distributes high-performance hydrogen production electrolyzer devices.](https://millionrounds.com/company/mingyang-hydrogen-energy) Mingyang Hydrogen Energy is a company that manufactures and distributes high-performance hydrogen production electrolyzer devices. *Founded* 2023 Beijing **$14M** last round Nov 2024
- 9 [**Vema Hydrogen** Vema Hydrogen is a pioneering clean hydrogen production company.](https://millionrounds.com/company/vema-hydrogen) Vema Hydrogen is a pioneering clean hydrogen production company. *Founded* - Wilmington, United States **$13M** last round Feb 2025
- 10 [**Ergosup** ERGOSUP is a French deep-tech startup focused on the production, storage, and distribution of green hydrogen at very high pressures.](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. *Founded* 2012 Malataverne, France **$12M** last round Feb 2019
- 11 [**Phase Two Chemicals** Phase Two Chemicals specializes in clean chemistry and industrial electrochemistry, focusing on on-site, on-demand hydrogen peroxide production for industrial users.](https://millionrounds.com/company/phase-two-chemicals) Phase Two Chemicals specializes in clean chemistry and industrial electrochemistry, focusing on on-site, on-demand hydrogen peroxide production for industrial users. *Founded* 2022 Shanghai, United States **$12M** last round Jan 2022
- 12 [**ROTOBOOST** ROTOBOOST is a Norwegian innovation company based in Tønsberg, focused on hydrogen production and carbon capture using its proprietary thermocatalytic decomposi](https://millionrounds.com/company/rotoboost) ROTOBOOST is a Norwegian innovation company based in Tønsberg, focused on hydrogen production and carbon capture using its proprietary thermocatalytic decomposi *Founded* 2009 Helsinki, Finland **$10M** last round Jul 2026
- 13 [**Peregrine Hydrogen** Peregrine Hydrogen is a climate technology company based in Santa Cruz, California, founded in 2023.](https://millionrounds.com/company/peregrine-hydrogen) Peregrine Hydrogen is a climate technology company based in Santa Cruz, California, founded in 2023. *Founded* 2023 Seattle, United States **$7.5M** last round Jul 2025
- 14 [**Newtrace** Newtrace Private Limited is a climate-tech and deep-tech startup based in Bengaluru, Karnataka, India, founded in 2021.](https://millionrounds.com/company/newtrace) Newtrace Private Limited is a climate-tech and deep-tech startup based in Bengaluru, Karnataka, India, founded in 2021. *Founded* 2021 Bengaluru, India **$6.2M** last round Mar 2026
- 15 [**Elcogen** Elcogen is a European clean energy technology manufacturer founded in 2001, specializing in solid oxide fuel cell (SOFC) and solid oxide electrolyser cell (SOEC](https://millionrounds.com/company/elcogen) Elcogen is a European clean energy technology manufacturer founded in 2001, specializing in solid oxide fuel cell (SOFC) and solid oxide electrolyser cell (SOEC *Founded* 2001 Joelaehtme, Estonia **$6.1M** last round Jan 2025
- 16 [**HYDGEN** HYDGEN develops modular electrolyzer systems designed for on-site and on-demand green hydrogen production.](https://millionrounds.com/company/hydgen) HYDGEN develops modular electrolyzer systems designed for on-site and on-demand green hydrogen production. *Founded* 2024 Singapore, Singapore **$5.0M** last round Oct 2025
- 17 [**Fusion Fuel** Fusion Fuel is into production of green hydrogen.](https://millionrounds.com/company/fusion-fuel) Fusion Fuel is into production of green hydrogen. *Founded* 2017 Dublin, Ireland **$4.3M** last round Jul 2025
- 18 [**HYMETH** Hymeth is a Danish clean-tech company founded in 2016, focused on developing high-efficiency alkaline electrolyzers for green hydrogen production.](https://millionrounds.com/company/hymeth) Hymeth is a Danish clean-tech company founded in 2016, focused on developing high-efficiency alkaline electrolyzers for green hydrogen production. *Founded* 2016 Malmoe, Denmark **$4.2M** last round May 2025
- 19 [**Parallel Carbon** Parallel Carbon is a Manchester-based climate technology company founded in 2021.](https://millionrounds.com/company/parallel-carbon) Parallel Carbon is a Manchester-based climate technology company founded in 2021. *Founded* 2021 Manchester, United Kingdom **$3.8M** last round Jan 2024
- 20 [**Hydrogen Optimized** Hydrogen Optimized develops and commercializes innovative large-scale Green Hydrogen production systems targeted to high-growth markets.](https://millionrounds.com/company/hydrogen-optimized) Hydrogen Optimized develops and commercializes innovative large-scale Green Hydrogen production systems targeted to high-growth markets. *Founded* 2017 Owen Sound, Canada **$3.5M** last round Sept 2023
- 21 [**HySun** hysun, operating as Power2Hydrogen, S.L., is a Madrid-based cleantech company founded in 2023.](https://millionrounds.com/company/hysun) hysun, operating as Power2Hydrogen, S.L., is a Madrid-based cleantech company founded in 2023. *Founded* 2023 Valdemoro, Spain **$3.5M** last round Oct 2025
- 22 [**H2GO Power** H2GO Power develops safe and low-cost hydrogen production and storage technologies.](https://millionrounds.com/company/h2go-power) H2GO Power develops safe and low-cost hydrogen production and storage technologies. *Founded* 2014 Central London, United Kingdom **$3.5M** last round Aug 2023
- 23 [**Thiozen** Thiozen develops novel hydrogen gas production technology designed to reduce greenhouse gases.](https://millionrounds.com/company/thiozen) Thiozen develops novel hydrogen gas production technology designed to reduce greenhouse gases. *Founded* 2020 Pasadena, United States **$3.2M** last round Apr 2024
- 24 [**Spiral Hydrogen** Spiral Hydrogen is a deep-tech startup based in Tartu, Estonia, founded in 2024.](https://millionrounds.com/company/spiral-hydrogen) Spiral Hydrogen is a deep-tech startup based in Tartu, Estonia, founded in 2024. *Founded* 2024 Netherlands **$3.1M** last round Apr 2026
- 25 [**Aurora Hydrogen** Aurora Hydrogen is a cleantech startup based in Edmonton, Alberta, founded in 2021.](https://millionrounds.com/company/aurora-hydrogen) Aurora Hydrogen is a cleantech startup based in Edmonton, Alberta, founded in 2021. *Founded* 2021 Edmonton, Canada **$3.0M** last round Jul 2024
- 26 [**GREEN14** GREEN14 is a Stockholm-based technology startup founded in 2021, focused on the extraction and production of critical raw materials, particularly high-purity si](https://millionrounds.com/company/green14) GREEN14 is a Stockholm-based technology startup founded in 2021, focused on the extraction and production of critical raw materials, particularly high-purity si *Founded* 2021 Stockholm, Sweden **$2.1M** last round Feb 2025
- 27 [**1s1 Energy** 1s1 Energy is a private cleantech startup founded in 2019, focused on developing advanced Proton Exchange Membrane (PEM) electrolyzers for efficient and cost-ef](https://millionrounds.com/company/1s1-energy) 1s1 Energy is a private cleantech startup founded in 2019, focused on developing advanced Proton Exchange Membrane (PEM) electrolyzers for efficient and cost-ef *Founded* 2019 Portola Valley, United States **$1.4M** last round Oct 2024
- 28 [**Sakowin Green energy** Sakowin Green Energy is a French DeepTech cleantech startup founded in 2017, specializing in the production of decarbonized hydrogen and solid carbon.](https://millionrounds.com/company/sakowin-green-energy) Sakowin Green Energy is a French DeepTech cleantech startup founded in 2017, specializing in the production of decarbonized hydrogen and solid carbon. *Founded* 2017 Aix-en-Provence, France **$1.1M** last round Aug 2023
- 29 [**PCC Hydrogen** PCC Hydrogen is a green hydrogen production company that converts environmentally friendly ethanol into high-purity green hydrogen.](https://millionrounds.com/company/pcc-hydrogen) PCC Hydrogen is a green hydrogen production company that converts environmentally friendly ethanol into high-purity green hydrogen. *Founded* 2022 Louisville, United States **$844K** last round Dec 2025
- 30 [**Caplyzer** Caplyzer is a Swedish deeptech startup founded in April 2022 at the KTH Royal Institute of Technology in Stockholm.](https://millionrounds.com/company/caplyzer) Caplyzer is a Swedish deeptech startup founded in April 2022 at the KTH Royal Institute of Technology in Stockholm. *Founded* 2022 Stockholm, Sweden **$727K** last round Jul 2026
- 31 [**Fibernex** Fibernex develops nanofiber materials to optimize green hydrogen production.](https://millionrounds.com/company/fibernex) Fibernex develops nanofiber materials to optimize green hydrogen production. *Founded* - Copenhagen, Denmark **$646K** last round Sept 2026
- 32 [**LUX Industries** LUX Industries is a renewable energy startup specializing in scalable, on-site hydrogen production.](https://millionrounds.com/company/lux-industries) LUX Industries is a renewable energy startup specializing in scalable, on-site hydrogen production. *Founded* - Wantage, United Kingdom **$374K** last round Oct 2025
- 33 [**COOloop** The hydrogen economy's bottleneck isn't production - it's profitable demand.](https://millionrounds.com/company/cooloop) The hydrogen economy's bottleneck isn't production - it's profitable demand. *Founded* 2025 London, United Kingdom **$200K** last round Mar 2026
- 34 [**Tobe Energy** Tobe Energy is a green hydrogen production company based in Tulsa, Oklahoma, founded in 2024.](https://millionrounds.com/company/tobe-energy) Tobe Energy is a green hydrogen production company based in Tulsa, Oklahoma, founded in 2024. *Founded* 2024 Tulsa, United States **$150K** last round Dec 2025

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies 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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