Company Overview
Snapshot
Founded in January 2016 by Asa Ziv, Yoel Sasson, and Ariel Givant, Hydro X operates with 11–50 employees. The company has raised $4.5M across five funding rounds from four investors. In January 2016, Hydro X secured pre-seed funding from OSEG.
Business overview
Hydro X develops hydrogen storage technology that uses a water-based carrier for safe and cost-effective hydrogen storage and transport. This technology operates at near-ambient conditions with high energy efficiency, aiming to reduce operational costs and simplify safety compliance compared to traditional hydrogen storage methods. The company's solutions support various applications, including carbon emission reduction in industries like iron, steel, and petrochemicals, and renewable energy storage for enhanced system resiliency and green energy distribution via trucks, ships, and railways. Hydro X operates within the Energy Tech sector, focusing on energy storage and alternative fuels.
Strategic signal
In October 2022, Hydro X won first prize at the Germany Startup Contest, signaling strong recognition for its innovative hydrogen storage technology within the European market. This achievement validates the company's potential to address critical challenges in hydrogen infrastructure and accelerate the transition to sustainable energy, indicating a positive trajectory for market adoption and strategic partnerships.
Log in to access full profile ›Company Intelligence Q&A
- What is Hydro X's core technology?
- Hydro X offers a hydrogen storage technology that utilizes a water-based carrier to safely and cost-effectively store and transport hydrogen at near-ambient conditions with 94% energy efficiency.
- When was Hydro X founded and by whom?
- Hydro X was founded in January 2016 by Asa Ziv, Yoel Sasson, and Ariel Givant.
- What significant recognition did Hydro X receive in 2022?
- In October 2022, Hydro X won the first prize of the Germany Startup Contest.
- Which investor participated in Hydro X's pre-seed funding round?
- In January 2016, Hydro X received pre-seed funding from OSEG, which invested $330,000 in the company.