Hydrogen Revolution – Startups Powering a Clean Future

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Published: November 28, 2024 Report Code: GDDT-SS-M016-ST

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Hydrogen Revolution Report Overview

Amidst global efforts to address climate change and meet net-zero objectives, investments in green hydrogen, fuel cells, and hydrogen-powered mobility are increasing. Startups are central to this development, focusing on advancements in clean hydrogen production, storage, and use across various industries, including green, turquoise, yellow, and gold/white hydrogen technologies.

The ‘Hydrogen Revolution: Startups Powering a Clean Future’ report features key startups involved in low-carbon hydrogen solutions. Utilizing insights from GlobalData’s Disruptor Intelligence Center and expert analysis, the report helps stakeholders explore partnerships and integrate innovative solutions to create a more sustainable and decarbonized future.

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Key Startups ·       Stegra

·       Electric Hydrogen

·       HIF

·       Hysata

·       Utility
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Hydrogen Revolution - Market Dynamics

The demand for sustainable energy to meet net-zero targets is driving advancements in low-carbon hydrogen production. In response, startups are innovating with technologies such as Electric Hydrogen’s advanced electrolyzers for improved efficiency and lower costs, HIF Global’s e-fuels production by synthesizing green hydrogen with recycled CO₂, and H2Pro’s efficient water-splitting system for lower hydrogen production costs. Low-carbon hydrogen, particularly green hydrogen, is expected to lead production capacity by 2030, supported by technological and infrastructure advancements.

The hydrogen market is categorized by different color codes based on production methods, ranging from high-emission types like grey and brown to more sustainable options like green, blue, turquoise, purple, yellow, and gold/white. Yellow and turquoise hydrogen are emerging as viable alternatives in the shift to a low-carbon economy.

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Hydrogen Revolution – Key Drivers

The hydrogen revolution has been driven by various factors including:

  • Corporate sustainability goals and ESG objectives.
  • Government policies & incentives for carbon reduction.
  • Innovations in hydrogen production, storage, and distribution reduce costs.
  • Hydrogen infrastructure development and cross-border partnerships and trade.

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Hydrogen Revolution – Green Hydrogen

Green hydrogen is produced from water using energy from a renewable source such as hydroelectric power rather than fossil fuels, and CO2 is not emitted. Most startups in the green hydrogen space are focused on electrolysis technologies and production systems, while some are diversified across the value chain, offering solutions in storage, transportation, fuel cells, bio-hydrogen production, and other specialized applications. Stegra, Electric Hydrogen, HIF, Hysata, and Utility are among the startups associated with green hydrogen.

Stegra: This Swedish company leverages renewable energy to produce green hydrogen, green iron, and green steel, aiming to decarbonize industries. Its green hydrogen is generated using 100% renewable electricity, serving as a key component in reducing CO₂ emissions during steel production.

Electric Hydrogen: Headquartered in the US, this company manufactures and commissions electrolyzers for producing low-cost green hydrogen. Its technology enables rapid production and decarbonization for industries such as chemicals, steel, and fuels. The company integrates advanced manufacturing at its facilities, including a 10MW electrolyzer plant and a large-scale gigafactory.

Green Hydrogen Startups

Green Hydrogen Startups

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Scope

GlobalData’s Startup Series report, titled “Startup Series – Hydrogen Revolution: Startups Powering a Clean Future” focuses on innovative startups on hydrogen technologies to drive green energy. This report thoroughly explores the hydrogen landscape as reshaped by startups, spotlighting their innovative solutions and their potential across various applications. By offering in-depth insights into this dynamic field, GlobalData’s report assists industry stakeholders in identifying promising hydrogen startups and comprehending the implications of their contributions to the clean energy sector.

Key Highlights

The startups featured in this report were founded in 2015 or later and provide innovative solutions across the hydrogen value chain. Their offerings encompass hydrogen production, storage, and distribution, as well as hydrogen fuel cells, power generation, mobility, and industrial applications. They provide low-carbon hydrogen solutions and are aligned with the following types of hydrogen:

  • Green

  • Turquoise

  • Yellow

  • Gold/White

Reasons to Buy

  • Stay updated: Hydrogen technologies are poised to transform the green energy sector.

  • Discover new startups: The report covers promising startups that are working on innovative hydrogen solutions and technologies.

  • Identify key hydrogen types: The report helps in identifying key hydrogen types and disruptive startups focused on those types.

  • Learn about innovation areas: Deep dive into hydrogen startups researching cutting-edge technologies to offer distinct solutions.

  • Assess investment potential: Access valuable information for assessing the investment potential of different startups.

Aatral Hydrogen
Alchemr
Azolla Hydrogen
Beijing Hydro Energy Technology
BiSTEMS
C-Zero
DRIFT Energy
Ecolectro
Electric Hydrogen
EvolOH
Fuel Cell Millennium Technologies
Gold H2
Green Independence
H2B2 Electrolysis Technologies
H2Powerbox
H2Pro
Hgen
HIF Global
HiiROC
Hydgenfuel
Hydrogen Easy Energy Technology
Hyfluence Systems
HYGN Energy
Hysata
Hystar
Kaizen Clean Energy
Metrologic Lab
Modern Hydrogen
Molten Industries
Neology Hydrogen
Ohmium International
Oort Energy
Ossus Biorenewables
Power to Hydrogen
Redeem Solar Technologies
Reverion
Rimere
SoHHytec
Stegra
Susteon
Utility Global
Verdagy
Verne
Voyex.

Table of Contents

Table of Contents

1. Scope of the Report

2. Executive Summary

3. Market Overview and Key Indicators

4. Key Types of Hydrogen

5. Recent Startup Milestones

6. Startup Map

7. Startup Profiles

– Green Hydrogen

– Others

8. The Road Ahead

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