Hydro X

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 secured $4.5M in total capital across 5 funding rounds from 4 investors. In October 2022, Hydro X won the first prize of the Germany Startup Contest, highlighting its innovative approach in the energy sector.

Business overview

Hydro X specializes in hydrogen storage technology, utilizing a water-based carrier for safe and cost-effective hydrogen storage and transportation. This technology operates at near-ambient conditions with high energy efficiency, aiming to reduce operational costs to under $1 per kg of hydrogen. It simplifies safety and compliance compared to traditional methods, making it suitable for long-term storage and long-distance transportation. The company's solutions are applicable across various industries, including iron, steel, and petrochemicals, and support renewable energy storage and green energy distribution via trucks, ships, and railways, operating within the Energy Tech sector.

Strategic signal

Hydro X's recognition at the Germany Startup Contest in October 2022 underscores the market's growing interest in novel hydrogen storage solutions. This award signals validation of their water-based carrier technology as a promising alternative to conventional methods, which are often energy-inefficient and rely on hazardous materials. For investors, this indicates Hydro X's potential to address critical infrastructure challenges in the expanding hydrogen economy, positioning the company for future growth and strategic partnerships.

Company Intelligence Q&A

What is Hydro X's core technology?

Hydro X develops a hydrogen storage technology that uses 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 co-founders 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, acknowledging its innovative hydrogen storage solutions.

What was a key operational highlight for Hydro X in 2023?

Hydro X experienced a pivotal year in 2023, as noted in a January 2024 LinkedIn post by CEO Assaf Sayada, indicating significant company developments and progress.

Which investor participated in Hydro X's Pre-Seed funding round?

In January 2016, OSEG led Hydro X's Pre-Seed funding round with an investment of $330,000.