Hy2gen
Hy2gen AG is a German renewable hydrogen and Power-to-X infrastructure developer that designs, finances, builds, and operates plants producing green hydrogen, ammonia, methanol, SAF, and e-methane for hard-to-abate industrial sectors including chemicals, shipping, aviation, and mining across Europe, North America, and selected international markets.
- Company typePrivate
- Founded2017
- HeadquartersWiesbaden, Germany
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Hy2gen does
Hy2gen AG is a privately held German renewable hydrogen and Power-to-X (PtX) infrastructure developer founded in 2017 and headquartered in Wiesbaden. The company develops, finances, builds, and operates plants for the production of RFNBOs (Renewable Fuels of Non-Biological Origin) and hydrogen derivatives including renewable hydrogen, green ammonia, e-methanol, e-kerosene/SAF, and e-methane, using water electrolysis (alkaline and PEM), Fischer-Tropsch synthesis, and biofuel synthesis technologies at TRL 8-9. Its product portfolio targets hard-to-abate industrial sectors — chemicals and fertilizers, shipping and aviation, steel, and hydrogen infrastructure operators — that cannot be readily electrified and require RFNBO-certified renewable fuels to comply with EU regulations including RED III, FuelEU Maritime, and ReFuelEU Aviation.
The company operates a DBOO (Design-Build-Own-Operate) model through wholly-owned country subsidiaries in Germany, France, Norway, Canada, and the USA, with additional active project development in Mexico and Finland. Hy2gen generates revenue primarily through long-term offtake agreements for renewable hydrogen and derivatives with industrial customers, supplemented by project development fees and plant operations. The current project pipeline comprises 3.4 GW in planning and construction and 15 GW in development, representing €5B+ capex to reach construction phase by 2027. Notable projects include the ATLANTIS e-methane plant in Werlte, Germany (6.3 MW, acquired December 2023, first RFNBO-certified e-methane producer in Germany), the Courant renewable ammonia project in Baie-Comeau, Canada (300 MW, Hydro-Québec electricity supply secured 2024), the H4 Marseille Fos e-SAF joint venture in France (390 MW, €1.5 billion), and the Nautilus e-methanol (75 MW) and JANGADA SAF (123 MW) projects in Germany.
Hy2gen has raised approximately €247 million across two institutional funding rounds led by Hy24, the world's largest clean hydrogen infrastructure fund, alongside Mirova, CDPQ, Technip Energies, and BenDa. The company has assembled a leadership team combining energy industry veterans from Shell, ABB, Alstom, GE Wind Energy, and Technip Energies. Strategic partnerships with Plug Power (electrolyzer supply), Hydro-Québec (renewable electricity), Mitsui O.S.K. Lines (maritime offtake), Trafigura (commodity trading), Copenhagen Infrastructure Partners (co-investment), VINCI Airports (aviation offtake), and Grand Port Maritime de Marseille provide commercial and infrastructure support across the value chain.
Hy2gen firmographics
Firmographics- Name
- Hy2gen
- Legal name
- Hy2gen AG
- Website
- https://hy2gen.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Hy2gen AG is a German renewable hydrogen and Power-to-X infrastructure developer that designs, finances, builds, and operates plants producing green hydrogen, ammonia, methanol, SAF, and e-methane for hard-to-abate industrial sectors including chemicals, shipping, aviation, and mining across Europe, North America, and selected international markets.
- Ownership category
- akta.pro rank
Hy2gen industry classification
Industry- Product category
- Renewable Hydrogen and PtX Fuels
- NAICS
- Industrial Gas Manufacturing (32512), Basic Chemical Manufacturing (3251), Chemical Manufacturing (325), Nitrogenous Fertilizer Manufacturing (325311)
- SIC
- Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC)
- akta.pro secondary industries
- Hydrogen (Industrial & Mobility) (IMAEACAB), Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF), Digestate Processing, Nutrient Recovery & Fertilizer Products (Struvite, Ammonia, Compost) (EUAAAEAL)
Keywords
Where Hy2gen is headquartered
LocationHeadquarters
- HQ city
- Wiesbaden
- HQ country
- Germany
- HQ region
- Europe
Offices10 records
Markets served
Hy2gen business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Infrastructure, Supply Chain, Personnel, Operations
Revenue model
- Renewable Hydrogen Sales: Hy2gen generates revenue by producing and selling renewable (green) hydrogen to industrial customers. The company designs, builds, owns, and operates production plants, selling hydrogen under long-term offtake agreements to decarbonize hard-to-abate sectors.
- Renewable Derivatives (Ammonia, Methanol, SAF, E-Methane): Revenue from the sale of hydrogen derivatives including renewable ammonia, e-methanol, e-kerosene (SAF), and e-methane produced via Power-to-X processes. These products are sold to shipping, aviation, chemical, and fertilizer industries under long-term contracts.
- Project Development and Plant Operation Fees: The company develops, finances, builds, and operates production plants (DBOO model) generating recurring operational revenue. Subsidiaries in Germany, France, Norway, Canada, and USA manage regional project portfolios.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Hy2gen product offering
Product offeringCore offering
Hy2gen AG develops, finances, builds and operates industrial-scale plants that produce renewable (green) hydrogen via alkaline and PEM water electrolysis, plus hydrogen-based e-fuels including renewable ammonia, e-methanol, e-kerosene (SAF) and e-methane. It sells these RFNBO-certified products under long-term offtake contracts to enterprise customers in hard-to-abate sectors such as chemicals, fertilizers, mining, shipping, aviation and steel, using a Design-Build-Own-Operate (DBOO) model with production sites embedded in industrial ecosystems.
Product overview
Hy2gen is a renewable hydrogen and PtX-fuels company that operates a DBOO (Design-Build-Own-Operate) model to develop, finance, build, and operate plants for producing RFNBOs (Renewable Fuels of Non-Biological Origin). The product portfolio centers on seven core offerings: Hydrogen (green hydrogen via electrolysis), Green Ammonia, Methanol (e-methanol), Kerosene (e-kerosene/SAF), Heat, Renewable Natural Gas (RNG/e-methane), and Oxygen. The company uses water electrolysis (alkaline and PEM technologies), Fischer-Tropsch synthesis, and biofuel synthesis technologies with technology readiness levels 8-9. The products serve hard-to-abate sectors including shipping, aviation, chemicals, fertilizers, and steel industry.
Differentiator
Problem solved
Functional benefit
Products and services
- Renewable Hydrogen (Green Hydrogen) Carbon-free hydrogen produced by water electrolysis using 100% renewable electricity (hydropower, wind, solar, geothermal, biomass, landfill gas, sewage gas), delivered via pipeline, truck or ship to industrial customers in chemicals, mining, steel, transport and power generation.
- Renewable Ammonia (Green Ammonia) Renewable ammonia produced by combining green hydrogen with nitrogen from air; used as a carbon-free energy carrier, marine fuel, and feedstock for fertilizers (including ammonium nitrate for mining explosives).
- e-Methanol (Renewable Methanol) Renewable methanol produced by combining green hydrogen with captured CO2 in a closed-loop process; sold to the shipping sector (marine fuel) and to chemical industry customers.
- e-Kerosene / Sustainable Aviation Fuel (SAF) Sustainable Aviation Fuel (e-kerosene/SAF) produced through Power-to-X (Fischer-Tropsch and biofuel synthesis) for decarbonizing aviation, particularly long-haul flights, including SAF bunkering at airports.
- Renewable Natural Gas (RNG / e-Methane) RFNBO-certified renewable natural gas (e-methane) produced via power-to-gas (electrolysis + methanation) for use in existing natural gas infrastructure, enabling decarbonization of gas distribution networks.
- Heat (Process Steam and District Heating) Process steam and district heating supplied as a byproduct of hydrogen/PtX production to local industrial customers and heating networks, supporting circular-economy integration of production sites.
- Oxygen Oxygen generated as a byproduct of water electrolysis, available for industrial and medical applications as part of the company's circular-economy outputs.
Quantifiable outcome
- Courant project will avoid ~9 million tonnes CO2 equivalent emissions over first decade
- +3 more outcomes
Companies that use Hy2gen
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Hy2gen technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Hy2gen partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered flagship, core and minor.
- Plug PowerflagshipPlug Power was selected as the supplier of a 275 MW GenEco PEM electrolyzer system for Hy2gen Canada's Courant project in Baie-Comeau, Quebec (FEED contract, April 2026). A Letter of Intent was also signed for a 5 MW PEM electrolyzer for the Sunrhyse project in Signes, France (December 2025). Plug Power has been a long-term strategic partner and is an anchor investor in Hy24.
- Hydrogen Impact Partners (HIP)coreHydrogen Impact Partners is the co-founder of the SUNRHYSE project in Signes, France, alongside Hy2gen. HIP participated in the foundation stone ceremony in December 2022.
- H2V (SAMFI-Invest group)flagshipHy2gen and H2V (a gigafactory developer for green hydrogen and synthetic fuels, subsidiary of SAMFI-Invest) formed the H4 Marseille Fos joint venture to deploy the 390 MW hydrogen and e-SAF production project at Fos-sur-Mer. The project represents €1.5B investment and 165 direct jobs. H2V originally launched the project in 2021.
- Grand Port Maritime de MarseillecoreThe Marseille Fos Port Authority is a co-founding partner in the H4 Marseille Fos joint venture, supporting the development of Fos-sur-Mer as a European hydrogen and e-SAF hub.
- VINCI Airports / Aéroport Marseille ProvencecoreVINCI Airports and Marseille Provence Airport are partners in the H4 Marseille Fos project, aiming to offer local sustainable aviation fuel bunkering from 2030, going beyond regulatory obligations.
- Région Sud (Regional Council of Southern France)coreRégion Sud (Southern France Regional Council) is a supporting partner for the H4 Marseille Fos project, fully committed to making Fos-sur-Mer a European hydrogen and e-SAF hub.
- CertifHycoreCertifHy certified Hy2gen's ATLANTIS facility in Werlte as the first RFNBO-compliant e-methane producer in Germany under the EU's sustainability framework. CertifHy provides independent certification of renewable hydrogen and derivatives.
- kiwi AG (acquired by Hy2gen)flagshipHy2gen acquired kiwi AG in December 2023, gaining the world's largest operating power-to-eMethane plant in Werlte (6.3 MW) and a project pipeline of 300 MW capacity. The acquisition gives Hy2gen its first foothold in German production and access to kiwi AG's decade of hydrogen market expertise.
- AmogyminorHy2gen and Amogy forged a strategic partnership in November 2023 to advance ammonia-based hydrogen solutions, combining Amogy's ammonia cracking technology with Hy2gen's production capabilities.
- Deep Wind OffshorecoreHy2gen Norge AS and Deep Wind Offshore entered into a partnership in November 2023 to supply renewable electricity from offshore wind for the production of renewable ammonia in Norway, advancing net zero goals for the Norwegian maritime sector.
- Mitsui O.S.K. Lines Ltd. (MOL)coreHy2gen and Mitsui O.S.K. Lines (one of the world's largest shipping companies) signed an MOU in October 2023 for joint study of supply solutions using e-methanol fuel from the Nautilus project for green maritime transportation.
- State of Campeche (Mexico) / GIZcoreHy2gen signed a cooperation agreement with the Mexican state of Campeche and GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit) in July 2023 for the MARENGO project — a 200 MW renewable ammonia plant producing 180,000 tonnes/year for European customers. The German ambassador to Mexico also witnessed the signing.
- Hydro-QuébecflagshipHydro-Québec will supply electricity to power the Courant project's 300 MW electrolyzer in Baie-Comeau, Quebec. The award of electricity supply was a pivotal milestone enabling Front-End Engineering to begin and bringing FID within reach.
- Euromovement Industriepark GmbHcoreHy2gen and Euromovement Industriepark GmbH are co-developing the JANGADA project on a former airfield in Jänschwalde, Brandenburg, for production of green hydrogen and SAF (~€500M investment, 123 MW capacity, expected production 2027).
- revis bioenergycoreHy2gen and revis bioenergy (biomethane plant operator) are co-developing the Nautilus project in Friesoythe, Lower Saxony. Revis bioenergy supplies green carbon dioxide as a feedstock for e-methanol production. Total investment of ~€130 million.
- EWE NETZminorEWE NETZ is responsible for grid connection at the Nautilus project site in Friesoythe, ensuring power supply for the 75 MW electrolyzer.
- Technip EnergiesflagshipTechnip Energies, a leading engineering and technology company for energy transition, invested €200M in February 2022 and serves as a strategic investor and engineering partner. They conducted pre-FEED and FEED studies for Courant project and support project delivery through their Rely joint venture for integrated green hydrogen and Power-to-X solutions. Also participated in the April 2025 €47M round.
- Hydrogen EuropeminorHy2gen is a member of Hydrogen Europe, the industry association representing the European hydrogen community.
Scale indicators7 records
Recent moves8 records
Expansion highlights8 records
Hy2gen competitors and assessment
Company assessmentDirect peers
- Nel ASA: Norwegian electrolyzer manufacturer and green hydrogen project developer. Directly comparable to Hy2gen in renewable hydrogen production and Power-to-X deployment across Europe and North America, with a similar focus on hard-to-abate sector decarbonization.
- ITM Power: UK-based PEM electrolyzer manufacturer and hydrogen project developer. Comparable as a green hydrogen infrastructure pure-play with project development in industrial and mobility applications across Europe.
- Sunfire: German electrolyzer (SOEC) and Power-to-X fuels company developing e-fuels (e-kerosene, e-methanol, e-diesel) and hydrogen. Direct competitor in European PtX projects, using similar Fischer-Tropsch and electrolysis technology pathways.
- Norsk e-Fuel: Norwegian Power-to-Liquid e-fuels developer building one of the world's first commercial e-methanol and e-kerosene plants. Directly comparable as an early-stage PtX project developer targeting aviation and maritime decarbonization.
- HIF Global: Chile-based e-fuels (e-methanol, e-gasoline, SAF) company using green hydrogen. Comparable Power-to-X project developer with multiple international sites targeting hard-to-abate transportation sectors.
- Plug Power: US-based hydrogen ecosystem company building electrolyzers and fueling infrastructure. Direct comparable as a green hydrogen and fuel cell player, and an actual technology partner and anchor investor in Hy2gen via the Hy24 fund.
Others
- Copenhagen Infrastructure Partners (CIP): Global renewable energy fund manager with major greenfield hydrogen and Power-to-X investments. Co-investor in Hy2gen's Iverson eFuels project in Norway and a relevant counterparty in the green hydrogen infrastructure ecosystem.
Broad incumbents
- Air Liquide: Global industrial gas major with large-scale green hydrogen and renewable derivatives projects. A broad incumbent in the hydrogen value chain and an anchor backer of the Hy24 fund that invested in Hy2gen.
- Linde: Global industrial gases leader with significant clean hydrogen project pipeline. Broad incumbent comparable to Hy2gen on the industrial hydrogen supply side, with much greater scale and balance sheet.
Emerging players
- H2V: French gigafactory developer for green hydrogen and synthetic fuels, subsidiary of SAMFI-Invest. Direct JV partner with Hy2gen in the H4 Marseille Fos e-SAF project and a directly comparable French PtX player.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights6 records
Customer concentration
Hy2gen social profiles
Digital presenceHy2gen compliance and trust
Trust signalCompliance1 record
Hy2gen financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hy2gen leadership team
Management profileNumber of profiles
Profiles13 records
Hy2gen subsidiaries and ownership
Company hierarchySubsidiaries5 records
Hy2gen funding detail
Funding detailFunding overview
Funding rounds2 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hy2gen M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hy2gen
What does Hy2gen do?
Hy2gen AG develops, finances, builds and operates industrial-scale plants that produce renewable (green) hydrogen via alkaline and PEM water electrolysis, plus hydrogen-based e-fuels including renewable ammonia, e-methanol, e-kerosene (SAF) and e-methane. It sells these RFNBO-certified products under long-term offtake contracts to enterprise customers in hard-to-abate sectors such as chemicals, fertilizers, mining, shipping, aviation and steel, using a Design-Build-Own-Operate (DBOO) model with production sites embedded in industrial ecosystems.
Is Hy2gen a public or private company?
Hy2gen is a private company. It is classified as venture growth investor backed and is currently operating.
When was Hy2gen founded?
Hy2gen was founded in 2017. It employs 11 to 50 people.
Where is Hy2gen based?
Hy2gen is headquartered in Wiesbaden, Germany, in the Europe region.
How does Hy2gen make money?
Three revenue lines are on record. Renewable Hydrogen Sales are the primary driver. The others are renewable Derivatives (Ammonia, Methanol, SAF, E-Methane) and project Development and Plant Operation Fees.
Who are Hy2gen's main competitors?
Direct peers on record are Nel ASA, ITM Power, Sunfire, Norsk e-Fuel, HIF Global and Plug Power. Copenhagen Infrastructure Partners (CIP) is listed as an others. Broad incumbents are Air Liquide and Linde. H2V is listed as an emerging player.
Does Hy2gen have an API?
No public API is recorded for Hy2gen.
What industry is Hy2gen in?
Hy2gen's product category is Renewable Hydrogen and PtX Fuels. Its primary akta.pro industry code is EUABAJAC, Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol), with a secondary code of IMAEACAB, Hydrogen (Industrial & Mobility). Its NAICS code is 32512 and its SIC code is 2860.