This article provides an overview of 14 new power-to-liquid companies and startups. These companies are working on technologies such as hydrogen from water and electricity, liquid organic hydrogen carriers, sustainable aviation fuels (SAF), and heavy industry liquid fuels. Each firm is at the forefront of producing cleaner, sustainable fuels and reducing carbon emissions. This overview highlights their contributions to diverse applications, showcasing the potential of power to liquid technologies in various sectors.
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Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the power-to-liquid industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Latest Power-to-Liquid Trends: Some of the major trends impacting the power-to-liquid industry are enhanced electrolysis efficiency, AI and machine learning integration, sustainable carbon capture technologies, advanced catalyst development as well as hybrid renewable energy systems.
- Power-to-Liquid Industry Statistics: The sector comprises 11.9K+ organizations worldwide. Out of these, 1.5K+ new power-to-liquid companies were founded in the last five years, witnessing 2020 as the average founding year. On average, each of these companies employs about 18 people. Moreover, the average funding received by these 1.5K+ power to liquid companies & startups per round in the same span is USD 19.5 million.
- 14 New Power-to-Liquid Companies and Startups:
- Exion Hydrogen – Water/Power to Hydrogen
- Ayrton Energy – Liquid Organic Hydrogen Carrier
- GAFT – Sustainable Aviation Fuel
- Liquium – Heavy Industry Liquid Fuel
- Fysikes Biosolutions – Agricultural Waste to Biochar
- Avapa Energy – Offshore Wind to Green Hydrogen
- Suryagen – Green Hydrogen and Ammonia
- HYREA – On-Site Green Hydrogen
- Infinium – Low Carbon Electrofuels
- RHIZOME2 – Compact Hydrogen Electrolysis
- Ineratech – Modular Methanol Synthesis Plants
- Nordic Electrofuel – Power-to-Liquid Jet Fuel
- Blue World – High-Efficiency Methanol Fuel Cells
- Caphenia – Power-to-Liquid Reactor
Meet 14 out of 1.5K+ New Power-to-Liquid Companies and Startups
In this section, we spotlight 14 new power-to-liquid companies and startups focused on offshore wind-to-green hydrogen, green hydrogen, and ammonia, on-site green hydrogen, renewable power eFuels, and hydrogen from renewable electricity. These companies leverage cutting-edge technologies to produce sustainable fuels. They utilize advanced processes and innovations to support diverse applications, from industrial fuels to aviation. Read on to explore the innovative solutions these companies offer.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Exion Hydrogen
- Founding Year: 2021
- Employee Range: 11-50
- Location: Poland
- Signal Strength: Very Strong
- What they do: Exion Hydrogen offers water electrolyzers for hydrogen production. Its HyGGeTM 100A electrolyzer ensures safe, affordable hydrogen generation anywhere using standard 40-feet containers. This system houses a gas-tight process room and a general-purpose room for optimal functionality. The heat exchange system and power distribution system are located in a 20-foot rooftop frame. Industrial gas suppliers and end users use this for continuous high-volume hydrogen production. This system’s advanced purification stages ensure ultra-pure hydrogen output, maintaining high safety standards.
2. Ayrton Energy
- Founding Year: 2021
- Employee Range: 2-10
- Location: Canada
- Signal Strength: Very Strong
- What they do: Ayrton Energy offers liquid organic hydrogen carrier (LOHC) storage technology. It enables safe hydrogen storage and transportation, comparable to diesel. The LOHC system stores hydrogen at room temperature and pressure in a non-toxic, oil-based carrier fluid. It minimizes environmental concerns while reducing capital expenditure costs due to the low-temperature process. The system provides high-fuel cell-grade hydrogen and supports various production methods, including electrolysis and pyrolysis.
3. GAFT
- Founding Year: 2019
- Employee Range: 11-50
- Location: Netherlands
- Signal Strength: Very Strong
- What they do: GAFT provides Green Air Fuel Technology (GAFT) to produce sustainable aviation fuel from carbon dioxide. Its high-pressure CO2 electrolyzer uses renewable electricity to convert CO2 and water into an energy carrier. This energy carrier is then utilized by microorganisms to produce fatty acids through fermentation. GAFT provides an alternative to traditional fatty acid feedstock, which is typically derived from food production processes. The system integrates carbon dioxide recycling from production processes and captures CO2 from air or industries.
4. Liquium
- Founding Year: 2021
- Employee Range: 2-10
- Location: New Zealand
- Signal Strength: Medium Strong
- What they do: Liquium provides catalysts for green ammonia production using renewable energy to lower production costs and expand applications. Its catalysts enable milder working conditions for ammonia synthesis, using the Haber-Bosch process. It reduces capital and operating costs for both existing and new ammonia plants. It supports agile operations with faster ramp-up and downtimes, enhancing renewable energy utilization efficiency. The scalable catalysts offer high activity and simple processing, suitable for large-scale manufacturing. Liquium’s solution minimizes hydrogen storage and buffering needs. Industrial sectors such as chemicals, energy, and heavy transport benefit from this solution.
5. Fysikes Biosolutions
- Founding Year: 2020
- Employee Range: 2-10
- Location: USA
- Signal Strength: Strong
- What they do: Fysikes Biosolutions produces green hydrogen and biochar from agricultural waste streams, integrating carbon capture in the process. It converts biomass waste into green hydrogen using pyrolysis at high temperatures. The process also generates biochar, a carbon-dense substance that sequesters carbon and enhances soil fertility and water retention. This reduces greenhouse gas emissions and supports sustainable agricultural practices. The technology leverages solar energy stored in plant biomass using renewable energy sources for hydrogen production.
6. Avapa Energy
- Founding Year: 2019
- Employee Range: 2-10
- Location: Italy
- Signal Strength: Medium Strong
- What they do: Avapa Energy provides power-to-liquid technology to make sustainable fuels from renewable energy sources. The company leverages green hydrogen produced from solar photovoltaics and offshore wind energy to drive this process. The company generates hydrogen through electrolysis, which is then combined with a carbon capture synthesis process to create synthetic liquid fuels. These carbon-neutral fuels benefit maritime, aviation, and heavy industries in reaching their emissions reduction goals.
7. Suryagen
- Founding Year: 2020
- Employee Range: 51-100
- Location: Indonesia
- Signal Strength: Strong
- What they do: Suryagen provides large-scale solar power plants and green hydrogen projects to support energy transition. It offers a 10 gigawatt-peak (GWp) solar power plant to supply baseload electricity and produce green hydrogen and ammonia for export. The company leverages clean and renewable energy sources to drive the future hydrogen economy. The company’s projects reduce CO2, sulfur dioxide, and nitrogen oxide emissions.
8. HYREA
- Founding Year: 2022
- Employee Range: 2-10
- Location: Australia
- Signal Strength: Medium
- What they do: HYREA offers on-site, on-demand green hydrogen production to reduce the current storage and transportation challenges. Its solid hydrogen cells (SHC) extract hydrogen from water through substitution reactions. This eliminates the need for pure water and uses any naturally available water. SHCs are safe to store and transport, being inert under standard conditions. The process produces high-purity hydrogen ready for direct use in fuel cells. It avoids the use of acids or alkali bases and requires only minimal catalysts. It enables hydrogen production in portable or stationary plants, even where traditional energy production is not feasible.
9. Infinium
- Founding Year: 2020
- Employee Range: 51-100
- Location: USA
- Signal Strength: Very Strong
- What they do: Infinium develops ultra-low carbon electrofuels (efuels) that replace traditional petroleum-based fuels in combustion engines and plastics manufacturing. These efuels use waste CO2 and green hydrogen derived from renewable power. The company offers a drop-in solution for decarbonizing transportation and industrial processes.
10. RHIZOME2
- Founding Year: 2020
- Employee Range: 2-10
- Location: UK
- Signal Strength: Weak
- What they do: RHIZOME2 converts surplus renewable energy, such as wind, solar, or hydroelectric power, into hydrogen via electrolysis. The company then combines this hydrogen with captured carbon dioxide (CO2) through a methanation process. This reaction converts the hydrogen and CO2 into methane and water while recycling the CO2 already present in the atmosphere. The methane is then processed into various liquid fuels such as methanol and synthetic gasoline. These liquid fuels provide a sustainable and low-carbon alternative to traditional fossil fuels.
11. Ineratec
- Founding Year: 2016
- Employee Range: 51-200
- Location: Switzerland
- Signal Strength: Very Strong
- What they do: Ineratech is a startup from Switzerland developing containerized chemical plants. Since the Fischer-Tropsch process requires a lot of heat to synthesize liquid fuel, Ineratech`s synthesis reactors are microstructured to provide a large surface for heat and mass transport. This, in turn, minimizes the undesirable effects on reactor and catalyst performance. This reactor design also allows for the creation of compact chemical plants with temperature control and improved productivity.
12. Nordic Electrofuel
- Founding Year: 2015
- Employee Range: 11-50
- Location: Norway
- Signal Strength: Very Strong
- What they do: Norwegian startup Nordic Electrofuel is in the process of building a commercial power-to-liquid plant in Norway. The power plant combines electrolysis and the Fischer-Tropsch process to simultaneously use renewable power, decrease industrial CO2 emissions, and produce a variety of fossil replacement products, including jet fuel. Nordic Electrofuel aims to utilize only Norwegian renewable energy and water to produce high-quality, carbon-neutral, synthetic fuels.
13. Blue World
- Founding Year: 2018
- Employee Range: 51-200
- Location: Denmark
- Signal Strength: Very Strong
- What they do: Danish startup Blue World combines high-temperature proton exchange membrane (PEM) technology with methanol-reforming to create methanol fuel cells. The high efficiency of Blue World’s methanol fuel cells provides significant CO2 reduction or a CO2-neutral operation if the methanol is produced from renewable sources. Also, methanol cells have zero nitrogen oxides (NOx), sulfur oxides (SOx), or particle emissions. The startup’s fuel cells are also durable and require low maintenance.
14. Caphenia
- Founding Year: 2018
- Employee Range: 11-50
- Location: Germany
- Signal Strength: Very Strong
- What they do: Caphenia is a German startup creating a three-zone power-to-liquid reactor. It uses methane, water, and CO2 to create synthetic fuel. The Caphenia process also achieves high power efficiency by integrating three processes into a single reactor. Synthetic fuels from this process significantly reduce carbon emissions. Caphenia customizes the industrial fuel plants depending on production needs and efficiency levels.
Quick Tip to Find New Power-to-Liquid Companies and Startups
Utilizing a SaaS platform like the Discovery Platform for identifying new power-to-liquid companies and startups provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces hours of your conventional desk research, saving time and resources in identifying power to liquid innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the power-to-liquid industry. The platform keeps you informed with near real-time updates on emerging power to liquid companies & startups and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the power-to-liquid sector, such as hydrogen from renewable electricity, renewable power e-fuels, or on-site green hydrogen. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Explore All New Power-to-Liquid Companies and Startups!
This overview highlights just a few solutions from all power-to-liquid new companies currently covered by the Discovery Platform. To explore them all, book a personalized demo or download one of our free Industry Innovation Reports for a quick overview. We value collaboration with industry professionals to offer even better insights. Interested in contributing? Get in touch!
