Top 10 Hydrogen Storage Companies Transforming Energy Landscape
Published On : Nov 08, 2024
The use of traditional energy sources has several negative effects on the environment. About 6 billion people rely on traditional energy sources like coal, oil, and natural gas for their energy needs. As per the U.S. Environmental Protection Agency (EPA), about 29% of global warming emissions in the U.S. come from the electricity sector, predominantly from fossil fuels like coal. This increasing environmental impact has prompted a vast number of people to shift toward sustainable energy sources, aiding effective energy storage solutions.
Hydrogen energy storage emerges as a promising solution, enabling the capture and storage of excess renewable energy for later use. This innovative approach helps stabilize energy supply and reduces reliance on traditional energy sources. The hydrogen storage market is bolstered by the contribution of several start-ups and well-established companies launching innovative solutions.
Top 10 Hydrogen Energy Storage Companies Creating a Sustainable Future
1. Hydrogenious LOHC Technologies
Founded in 2013 and based in Erlangen, Germany, Hydrogenious LOHC Technologies specializes in large-scale hydrogen storage solutions. The company has developed a groundbreaking method using Liquid Organic Hydrogen Carriers (LOHC). It allows for the safe and efficient storage and transportation of hydrogen under ambient conditions. This innovative approach eliminates the need for high pressures or low temperatures. This makes it compatible with existing fuel infrastructure. With significant backing from investors like Anglo American and Mitsubishi Corporation, the company has raised approximately US$ 84.3 Mn and is currently in Series B funding.
2. H2Go Power
H2Go Power, established in 2014 in Cambridge, U.K., is focusing on hydrogen generation and storage solutions tailored for fuel cells. Its technology provides hydrogen as a fuel feedstock that boasts a power supply with five times the energy capacity of current battery technologies. This impressive efficiency stems from an improved power-to-weight ratio, making its systems ideal for automotive applications. With funding of US$ 8.6 Mn from sources like the EIC Fund, H2Go Power is currently in its Series A stage and ranks as a competitive player in the hydrogen market.
3. Hydrexia
Operating from Brisbane, Australia, Hydrexia was founded in 2006 and focuses on providing solid-state hydrogen storage solutions. Using novel hydride materials, the company develops low-pressure industrial hydrogen storage systems with high storage densities. This approach allows it to become both safer and more cost-effective than traditional compressed gas systems. Hydrexia offers a suite of technology solutions, including the design and installation of hydrogen purification plants and refueling stations. With a total funding of US$ 17.1 Mn, the company is currently on its Series D stage and continues to extend its impact in the hydrogen storage sector.
4. GRZ Technologies
Founded in 2017 and located in Grolley, Switzerland, GRZ Technologies provides hydrogen storage solutions for renewable energy projects. The company utilizes energy generated from solar and wind sources to produce and store hydrogen gas in metallic compounds. Its system supports a nominal capacity of 1 megawatt/hour, making it capable of supplying power during peak times. GRZ Technologies also offers portable hydrogen compressors and analysis systems for laboratory applications.
5. Noble Gas Systems
Noble Gas Systems, established in 2017 and based in Royal Oak, U.S., is a manufacturer of gas storage and delivery systems. The company specializes in producing tanks for storing various compressed industrial gases, including hydrogen, nitrogen, oxygen, and natural gas. With a funding of US$ 3.5 Mn, Noble Gas Systems is currently in its Series A stage. It has quickly established itself as a notable contender in the hydrogen energy storage industry, focusing on precision manufacturing and reliable delivery systems.
6. HDF Energy
Founded in 2012 and located in Lormont, France, HDF Energy is developing hydrogen energy storage systems for grid applications. Its innovative concept, Renewstable, integrates a fuel cell, electrolyzer, hydrogen storage system, and lithium batteries to create a multi-megawatt on-demand power supply. HDF Energy aims to boost mass energy storage from renewable projects, enhancing grid reliability. Although its funding is modest, it is positioned within the public stage and ranks competitively in the hydrogen energy storage sector.
7. H2Gremm
H2Gremm, founded in 2019 in Brittany, France, provides hydrogen storage solutions with a focus on hybrid electric technologies. Its modular and adaptable approach aims to enhance energy autonomy in buildings. It enables efficient hydrogen production and distribution for self-consumption. It has secured a funding of US$ 7.66 Mn. H2Gremm is currently in its Series A stage and ranks as a promising player in the hydrogen energy storage landscape. It is dedicated to innovative solutions that promote sustainability and energy independence.
8. Vortex Energy
Established in 2021 and based in Vancouver, Canada, Vortex Energy is focused on producing hydrogen fuel from saltwater. Its innovative approach aims to develop technology for hydrogen storage, transportation, and ammonia production by utilizing salt assets. As a mineral exploration platform, the firm seeks to leverage natural resources to support hydrogen initiatives. Though it is still in the public stage with an early-stage ranking, Vortex shows potential for significant contributions to hydrogen fuel production.
9. GreenHy2
GreenHy2, founded in 1969 and located in Sydney, Australia, specializes in solid-state hydrogen storage solutions. The company offers engineering solutions that help operate renewable energy systems without relying on backup fossil fuels. With an understanding of the challenges in energy transition, GreenHy2 is poised to play a key role in advancing green hydrogen technologies. Although it is currently in the public stage with a low competitive ranking, its long-standing experience positions it uniquely in the hydrogen sector.
10. Cella Energy
Founded in 2011 and based in Harwell, U.K., Cella Energy focuses on developing hydrogen storage systems. The company aims to create innovative solutions to enhance the efficiency and safety of hydrogen storage. With backing from investors such as Oxford University Innovation, Cella Energy has raised around US$ 4.33 Mn and is currently in the seed stage. Despite its lower ranking among competitors, its commitment to hydrogen technology positions it as a noteworthy player in the evolving energy landscape.
Key Players to Invest in New Hydrogen Storage Technologies for a Sustainable Future
Hydrogen energy storage presents a transformative solution for the global energy landscape. It efficiently captures and stores renewable energy and enhances sustainability, safety, and scalability. The top 10 hydrogen energy storage companies and start-ups offer a wide range of solutions for a clean and sustainable tomorrow. Those companies investing in hydrogen technologies will play a crucial role in meeting energy demands and reducing carbon footprints. By enabling a successful transition to renewable energy sources, they are set to position themselves in a competitive hydrogen energy storage market.
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