Hydro X Overview
Hydro X offers a hydrogen storage technology that utilizes a water-based carrier to safely and cost-effectively store and transport hydrogen. This technology operates at near-ambient conditions with 94% energy efficiency, lowering operational costs to under $1 per kg of hydrogen. It simplifies safety and compliance processes, presenting a less expensive and safer alternative for hydrogen projects compared to traditional methods, especially for long-term storage and long-distance transportation. The technology supports a wide range of applications, from reducing carbon emissions in industries such as iron, steel, and petrochemicals to providing renewable energy storage solutions that enhance system resiliency and facilitate green energy distribution via trucks, ships, and railways. This broad applicability indicates the technology's utility in promoting sustainable energy practices across various sectors.
Cumulative Funding Raised Over Time ($)
$1.5MApr 2023
$1.8MJan 2016
$3.3MMar 2021
$4.5MOct 2019
Latest News
growth-positive
Hydro X Pivotal year in 2023
Hydro X, a company focused on reinventing hydrogen storage, has made significant progress in recent months. The company has overcome major scientific challenges, improved its technology KPIs by up to 25 times, and begun the process of productization. Hydro X has also started strategic engagements with leading industrial players in the global hydrogen market, signed its first commercial agreements, and delivered its first proofs of concept and pilot projects. Furthermore, the company has secured a seven-digit investment to prepare for its Series A funding round.
InvestmentPartnersCustomers
Hydrogen Tech World August 2023
growth-positive
Hydro X wins the first prize of Germany Startup Contest
Hydro X, a company specializing in hydrogen storage, has won the Start.up! Germany Tour. The companys CEO, Assaf Sayada, has been recognized for his work in North Rhine Westphalia, a key hydrogen hub in Europe. Hydro X has also been engaging with large conglomerates in Japan, which has an ambitious hydrogen strategy backed by $20.86bn in government subsidies. The company has made significant technological breakthroughs, improving their main tech KPIs by 10x and 25x, and has begun productization, achieving a 40x scale-up.
CustomersPartnersExpand
growth-positive
הסטארט אפ שהופך מימן לסודה קלה להובלה
Jerusalem-based start-up Hydro X is developing a low-cost technology for storing and transporting hydrogen. The technology is based on 30 years of research led by Hebrew Universitys Prof. Yoel Sasson, one of the companys founders. The companys solution involves storing hydrogen in water to create a new substance similar to soda. Hydro Xs technology operates at temperatures of up to 70 degrees and pressures of up to 10 atmospheres. The company, which was founded in 2019, has raised just over $5 million and employs 15 people. It plans to raise significant funding in the next year to implement its growth plan and increase its number of employees.
InvestmentExpand
| Sector | Energy Tech |
Funding
| Total funding | $4.5M |
| Last funding | $1.5M |
| Stage | A |
| Rounds | 5 |
| Investors | 4 |
Team Members
6
Employees: 11-50
Web & Social Links
| Website | hydrox.earth |
| Careers | Careers page |
Locations
Professor Racah St 2/10, Jerusalem, Israel
Photos & Videos
3 item(s)
Hydro X Business
Business models
B2B
Product stage
Alpha
Employees
11-50
Sector
Energy TechEnergy Management & Grid IntegrationClimate TechEnergy TransitionEco-Efficient Energy StorageHydrogenTarget Customer
Industrial ManufacturingProcess IndustriesCementChemicals & PetrochemicalsMetal FabricationGlassHybrid IndustriesFertilizers & PesticidesMiningMetalsEnergy, Utilities & Waste ManagementRenewable Energy SystemsUtilitiesNew FuelsHydrogenCore Technology
Materials & SubstancesTags (11)
manufacturing-facilitiesbehavior-analyticscommercial-sitesoil-and-gas-companiesdata-centersenergy-storageenergyclimate-techrenewable-energyalternative-fuelshydrogenSolutions
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{"title":"Energy & Logistics","description":"A liquid organic hydrogen carrier (LOHC) technology for safe, efficient, and cost-effective hydrogen transportation using existing infrastructure, enabling wider adoption of hydrogen as a clean energy source.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":3,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Risk Mitigation","value":5,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
Use Cases
Hydrogen stationary storageHydrogen transportationHydro X Financials
$4.5M
Total funding
Undisclosed
Capital raised
$1.5M
Last funding
A
Funding stage
5
Total rounds
4
Investors
Cumulative Funding Raised Over Time ($)
$1.5MApr 2023
$1.8MJan 2016
$3.3MMar 2021
$4.5MOct 2019
Private Equity Funding
A Round
Apr 2023
$1.5M
A Round
Mar 2021
$1.5M
ESIL, CLP , OSEG
Seed
Oct 2019
$1.17M
OSEG, Nissan Caspi
Pre-Seed
Jan 2016
$330K
OSEG (Lead)
Non-Equity Funding
GrantEvent
Jan 2018
Undisclosed
, Israel Innovation Authority
Hydro X Lifecycle
Cumulative Funding Raised Over Time
$1.5MApr 2023
$1.8MJan 2016
$3.3MMar 2021
$4.5MOct 2019
All Events
A Round
Apr 2023
$1.5M
A Round
Mar 2021
$1.5M
ESIL, CLP , OSEG
Seed
Oct 2019
$1.17M
OSEG, Nissan Caspi
Pre-Seed
Jan 2016
$330K
OSEG (Lead)
GrantEvent
Jan 2018
Undisclosed
, Israel Innovation Authority
Programs & Community Involvement
Ignite The Spark
EnergyCom
Hydro X News
4 articles
growth-positive
Hydro X Pivotal year in 2023
Hydro X, a company focused on reinventing hydrogen storage, has made significant progress in recent months. The company has overcome major scientific challenges, improved its technology KPIs by up to 25 times, and begun the process of productization. Hydro X has also started strategic engagements with leading industrial players in the global hydrogen market, signed its first commercial agreements, and delivered its first proofs of concept and pilot projects. Furthermore, the company has secured a seven-digit investment to prepare for its Series A funding round.
InvestmentPartnersCustomers
Hydrogen Tech World August 2023
growth-positive
Hydro X wins the first prize of Germany Startup Contest
Hydro X, a company specializing in hydrogen storage, has won the Start.up! Germany Tour. The companys CEO, Assaf Sayada, has been recognized for his work in North Rhine Westphalia, a key hydrogen hub in Europe. Hydro X has also been engaging with large conglomerates in Japan, which has an ambitious hydrogen strategy backed by $20.86bn in government subsidies. The company has made significant technological breakthroughs, improving their main tech KPIs by 10x and 25x, and has begun productization, achieving a 40x scale-up.
CustomersPartnersExpand
growth-positive
הסטארט אפ שהופך מימן לסודה קלה להובלה
Jerusalem-based start-up Hydro X is developing a low-cost technology for storing and transporting hydrogen. The technology is based on 30 years of research led by Hebrew Universitys Prof. Yoel Sasson, one of the companys founders. The companys solution involves storing hydrogen in water to create a new substance similar to soda. Hydro Xs technology operates at temperatures of up to 70 degrees and pressures of up to 10 atmospheres. The company, which was founded in 2019, has raised just over $5 million and employs 15 people. It plans to raise significant funding in the next year to implement its growth plan and increase its number of employees.
InvestmentExpand
Hydro X Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 21 |
| Team members | 6 |
Similar Companies
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Hydro X Internal
Recent Updates
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Admin Info
| Confidence | 98/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515368629 |
| Crunchbase | nrgstoredge |
| Creator | Roei Hamani |
| Creator email | roei.hamani@mail.huji.ac.il |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-03-24T00:00:00.000Z |
| Created | 2015-11-15T00:00:00.000Z |
| Claimed | Yes |