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 $4.5 million across five funding rounds from four investors. In January 2016, the company 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 and compliance compared to traditional hydrogen storage methods. Serving markets such as iron, steel, petrochemicals, and renewable energy, Hydro X provides solutions for long-term storage and long-distance transportation, facilitating green energy distribution across various sectors.
Strategic signal
In October 2022, Hydro X won the first prize of the Germany Startup Contest. This recognition highlights the company's innovative approach to hydrogen storage and signals strong market validation and potential for expansion within the European energy technology landscape, positioning Hydro X as a key player in the evolving hydrogen economy.
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.