New innovations in the hydrogen industry include alternatives to fossil fuels to power vehicles, heat homes, and fuel industrial growth. The hydrogen industry undergoes evolution, moving from using fossil fuels to adopting hydrogen as a clean energy source. New hydrogen companies develop technologies that build energy systems, transportation, and industrial processes that run on clean, efficient hydrogen.
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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 hydrogen industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Current Hydrogen Trends: The latest hydrogen trends include hydrogen fuel cells, advanced electrolysis, carbon capture, utilization & storage, hydrogen carriers, and renewable hydrogen.
- Hydrogen Industry Stats: The hydrogen sector comprises 37K+ organizations worldwide. On average, the industry employs about 43 people across 4.2K+ new hydrogen companies founded in the last five years, witnessing 2020 as the average founding year. Moreover, the average funding received by the hydrogen industry in the same span is USD 37.5 million.
- 10 Top Hydrogen Companies to Watch:
- Aurora Hydrogen – Catalyst-free Methane Pyrolysis
- Clean Hydrogen Technologies – Turquoise Hydrogen Production
- Electrogenos – Alkaline Electrolyser Technology
- Spark Cleantech – Cold Nano-pulsed Plasma
- Hydrogen Systems Australia – Dual Frequency Plasma Electrolyzer
- Hyrex – Hydrogen Electric Boats
- Naco Technologies – Catalyst Nanocoatings
- Hycamite – Methane Thermo-catalytic Decomposition
- 12toZero – Floating Hydrogen Production
- Rebooz – Internal Combustion Engine Rejuvenation
Discover 10 out of 4.2K+ Emerging Hydrogen Companies
In this section, we explore 10 hydrogen companies leading the charge toward a zero-emissions future. These innovators provide hydrogen production methods, storage technologies, and fuel cell advancements. By addressing the challenges of scalability, cost, and efficiency, they shape the future of the hydrogen industry and contribute to the global energy transition.
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. Aurora Hydrogen
- Founding Year: 2021
- Employee Range: 11-50
- Location: Canada
- Signal Strength: Very Strong
- What they do: Aurora Hydrogen utilizes microwave energy to heat natural gas without the need for oxygen and water to produce clean hydrogen. This process generates hydrogen and solid carbon, bypassing CO₂ emissions. Catering to the hard-to-abate sectors’ needs to reduce their carbon footprint, Aurora Hydrogen’s technology contributes to the industrial demand for decarbonized fuel. Aurora Hydrogen’s system further mitigates risk by eliminating the need for precious metals, water usage, new pipelines, or storage infrastructure. It also minimizes transportation and transmission constraints, all while using less electricity.
2. Clean Hydrogen Technologies
- Founding Year: 2021
- Employee Range: 11-50
- Location: USA
- Signal Strength: Very Strong
- What they do: Clean Hydrogen Technologies creates turquoise hydrogen by processing natural gas instead of burning it. It produces carbon black products that prioritize energy efficiency and cost-effectiveness. The company’s process eliminates CO2 emissions by producing solid by-products. These by-products span applications, including carbon black used in manufacturing tires, rubber, pigments, fertilizers, and water filtration systems. Further, it caters to carbon nano-objects such as graphite for batteries, graphene, and carbon nanotubes, with applications in medicine, transport, defense, and other industries.
3. Electrogenos
- Founding Year: 2022
- Employee Range: 2-10
- Location: UK
- Signal Strength: Very Strong
- What they do: Electrogenos develops alkaline electrolyzer technology, a manufacturing process that lowers electrolyzer costs and accelerates factory deployment times. The catalyst in the process is made from green elements such as an alloy made of abundant elements through electroplating to reduce cost while increasing efficiency. The stack architecture of the electrolyzers improves efficiency, manufacturability, and cost-effectiveness. Further, the company uses soft-tooling processes to increase automation and boost production rates.
4. Spark Cleantech
- Founding Year: 2022
- Employee Range: 11-50
- Location: France
- Signal Strength: Very Strong
- What they do: Spark Cleantech utilizes a patented technology called Cold Nanopulsed Plasma to generate decarbonized hydrogen and solid carbon for reducing emissions in hard-to-abete industries. This technology employs plasma discharges to initiate methane plasmolysis, a process that converts methane into hydrogen and carbon black. By producing hydrogen directly from natural gas feedstock on-site, Spark Cleantech eliminates the need for hydrogen transport and storage.
5. Hydrogen Systems Australia
- Founding Year: 2020
- Employee Range: 2-10
- Location: Australia
- Signal Strength: Strong
- What they do: Hydrogen Systems Australia introduces Dual Frequency Plasma Electrolyzer technology to decarbonize the energy supply. It reduces the cost of Green Hydrogen to a few dollars per kg. Moreover, this zero-emission technology leverages renewable energy and water, to increase the life expectancy of the system. Additionally, its modular design allows for parallel stacking, further enhancing its scalability and versatility.
6. Hyrex
- Founding Year: 2020
- Employee Range: 2-10
- Location: Norway
- Signal Strength: Strong
- What they do: Hyrex develops hydrogen electric boats. Hyrex introduces five boats, Hyrex 28, Hyrex 28 Hydrogen Ready, Hyrex 36, HyBoost 300 Propulsion Systems, and HyBoost 700 Propulsion Systems. Moreover, Hyrex offers HyValve Components, including safety valves and pressure regulators, designed for system integrators prioritizing safety and efficiency in their hydrogen systems. The company combines hydrogen and battery technology to achieve a fuel-efficient solution to accelerate green transition for maritime needs.
7. Naco Technologies
- Founding Year: 2020
- Employee Range: 2-10
- Location: Latvia
- Signal Strength: Very Strong
- What they do: Naco Technologies offer anti-corrosion, electric stability, and catalyst nano-coating for fuel cells and electrolyzers. It provides nickel for electrodes, oxides for interconnects, bimetallic-nitrides and carbon for bipolar plates, and platinum for porous transport layers. The company enhances the performance of hydrogen systems while cutting down costs inherent in the catalytic processes used for hydrogen extraction from water.
8. Hycamite
- Founding Year: 2020
- Employee Range: 11-50
- Location: Finland
- Signal Strength: Very Strong
- What they do: Hycamite develops methane pyrolysis technology that splits methane into hydrogen and carbon through a process known as thermo-catalytic decomposition (TCD). Utilizing a proprietary catalyst and heat, the method disassembles methane molecules without releasing emissions into the atmosphere. The company provides hydrogen and pure solid carbon as end products. The hydrogen produced serves as a raw material and is utilized as clean fuel. Also, the solid carbon finds application in Li-ion batteries, concrete manufacturing, composite materials, and filtration systems.
9. 12toZero
- Founding Year: 2019
- Employee Range: 2-10
- Location: Netherlands
- Signal Strength: Medium Strong
- What they do: 12toZero introduces HyFloat, a solution that combines storage and buoyancy to offer a cost-effective floating hydrogen supply on site. The technology eliminates the requirement for compression at the turbine level, geological storage of hydrogen, subsea electricity cables, and separate central hydrogen-floating production storage and offloading (H2-FPSO) systems. Further, HyFloat’s technology decarbonizes the supply chain by using environmentally friendly and abundant value chain materials.
10. Rebooz
- Founding Year: 2022
- Employee Range: 11-50
- Location: UAE
- Signal Strength: Medium Strong
- What they do: Rebooz develops hydrogen technology, REBOOZ Internal Combustion Engine Rejuvenation Hydrogen Technology, for a combustion engine rejuvenator station to reduce vehicular carbon emissions. The technology harnesses water to produce hydrogen atoms which then go into the engine via the intake manifold. Here, it mixes and combusts with the fuel to soften and eliminate carbon deposits within the engine, enhancing its performance and longevity. This process is conducted without the need to dismantle any engine components, thereby preserving the engine’s integrity and preventing any corrosion or damage.
Quickly Find New Hydrogen Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new hydrogen companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying hydrogen innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the hydrogen industry. The platform keeps you informed with near real-time updates on emerging hydrogen companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the hydrogen sector, such as alkaline electrolyzer technology, turquoise hydrogen production, or floating hydrogen production. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies producing hydrogen.
Want to Explore All Hydrogen Companies?
We’ve explored the dynamic landscape of the hydrogen industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper,download our free Hydrogen Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments.
