HyFive
- Company typePrivate
- Founded2021
- HeadquartersBilbao, Spain
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
HyFive firmographics
Firmographics- Name
- HyFive
- Legal name
- HY.FIVE HYDROGEN, S.L.U.
- Website
- https://hy5.energy
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
HyFive industry classification
Industry- Product category
- Green Hydrogen Production
- SIC
- Industrial Organic Chemicals (2860)
- akta.pro primary industry
- Hydrogen (Industrial & Mobility) (IMAEACAB)
- akta.pro secondary industries
- Green Methanol & E‑Alcohols (e‑methanol, ethanol, higher alcohols) (EUABAIAB), Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC), Methanol Storage & Handling (Conventional & E-methanol) (EUAFAFAB), Hydrogen Storage Materials & Solid-State Storage (Metal Hydrides, Adsorbents) (EUAFAEAG)
Keywords
Where HyFive is headquartered
LocationHeadquarters
- HQ city
- Bilbao
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
HyFive business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Operations, Technology or R&D, Marketing or Sales, Personnel, Supply Chain
Revenue model
- Green Hydrogen Sales: HyFive generates revenue through the sale of renewable hydrogen produced via electrolysis to industrial customers, mobility operators, and energy companies. Long-term offtake agreements provide revenue visibility. Hydrogen is sold directly to end-users or through the planned Hydrogen Commercialisation team across Europe.
- E-methanol Sales: Revenue from production and sale of e-methanol to shipping, aviation, and chemical industries. E-methanol is produced from green hydrogen and biogenic CO2 captured from nearby industries, creating a circular economy model.
- EU Subsidies and Grants: HyFive receives EU funding through programs such as H2 Pioneros (IDAE/NextGenerationEU) and Bayern Innovativ for project development. The company secured €28.7 million in EU subsidies for three green hydrogen projects in Spain and Germany.
- Infrastructure Development and Operations: Revenue from development, ownership, and operation of hydrogen refueling stations (HRS), pipeline infrastructure, and storage facilities. The company provides end-to-end carbon neutral solutions including receiving facilities and hydrogen mobility solutions.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
HyFive product offering
Product offeringCore offering
HyFive is a vertically integrated producer of industrial-scale green hydrogen and e-methanol for enterprise customers. Green hydrogen is produced through water electrolysis powered by renewable energy sources (solar, wind, hydro). E-methanol is synthesized by combining this green hydrogen with captured biogenic CO2 from nearby industries. The company sells these products through long-term offtake agreements to industrial off-takers in shipping, aviation, cement, steel, chemicals, and heavy-duty mobility sectors, primarily across the Iberian Peninsula and Southern Europe.
Product overview
HyFive is a vertically integrated renewable hydrogen and e-methanol platform offering end-to-end carbon neutral solutions across the entire value chain: generation (electrolysis-based green hydrogen production), midstream (infrastructure for transportation and storage), and commercialisation (offtake and sales to end customers). The portfolio includes renewable hydrogen, e-methanol, and dedicated hydrogen refuelling stations (HRS). Major projects include HyMet Musel (50-100MW e-methanol plant in Gijón), HyMet Catalunya (e-methanol), HyCement (cement industry decarbonization), HyChemical (20MW petrochemical project), and Benorth2 (mobility infrastructure). The company targets hard-to-abate sectors including shipping, aviation, cement, steel, chemicals, and heavy transport across Europe, primarily in the Iberian Peninsula.
Differentiator
Problem solved
Functional benefit
Brands
- HyMet Musel: E-methanol production project at El Musel port in Gijón, Asturias, with 50MW electrolyser capacity and planned 100,000 tonnes per year e-methanol production.
- HyMet Catalunya
- HyCement
- HyChemical
- Benorth2
Products and services
- Renewable (Green) Hydrogen Green hydrogen produced via water electrolysis powered by renewable energy sources (wind, solar, hydro). The hydrogen serves industrial, mobility, and transport customers seeking to switch from grey hydrogen to green fuels. Sold via long-term offtake agreements.
- E-methanol Synthetic e-methanol produced by combining green hydrogen with captured biogenic CO2 from nearby industries. Targets shipping, aviation, and chemical industries for decarbonization applications through a circular economy model.
- HyMet Musel E-methanol production project at El Musel port in Gijón, Asturias. Phase 1 features 50MW electrolysis capacity producing up to 100,000 tonnes of e-methanol annually, with Phase 2 doubling capacity to 100MW. Targeted at shipping and industrial customers for decarbonization.
- HyMet Catalunya E-methanol production project located in Catalunya, Spain, part of HyFive's portfolio of e-fuel development initiatives. Targets regional industrial off-takers for synthetic e-fuel decarbonization.
- HyCement Renewable hydrogen project targeting the decarbonization of cement industry operations, serving one of HyFive's focus areas for hard-to-abate industrial sectors.
- HyChemical 20MW electrolyser project aimed at displacing grey hydrogen consumption in a petrochemical complex in southern Spain, providing renewable hydrogen for petrochemical operations.
- Benorth2 Hydrogen project with a heavy duty mobility focus, involving development of hydrogen refueling infrastructure for commercial transport operators including trucks and buses.
- Hydrogen Refueling Stations (HRS) Network of hydrogen refueling stations for sustainable mobility, supporting both commercial transport (350 bar) and personal vehicles (700 bar), directly or remotely connected to HyFive's production projects.
Companies that use HyFive
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
HyFive technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
HyFive partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core, major and minor.
- SENERcoreEPC (Engineering, Procurement, and Construction) provider partner for project development and execution. SENER is a major engineering and construction group specializing in complex energy projects.
- NortegascoreNatural gas pipeline operator serving as trading partner. Nortegas operates pipeline infrastructure that may be repurposed or connected to hydrogen transport networks.
- Bizkaia EnergiacoreInfrastructure provider and hydrogen purchaser partner, providing access to energy infrastructure and serving as a potential off-taker for hydrogen production.
- Bizkaia GarbikermajorHeavy duty mobility offtaker partner, purchasing green hydrogen for use in waste management and commercial fleet operations.
- CCI (Cámara de Comercio, Industria y Servicios)minorChamber of commerce trading partner supporting business development and industry networking in the Basque region.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
HyFive competitors and assessment
Company assessmentBroad incumbents
- Cepsa: Spanish energy company with green hydrogen and second-generation biofuels projects in Andalusia, including e-methanol for shipping. Cepsa directly competes with HyFive for Andalusian industrial offtake and port-based e-fuel distribution.
- Iberdrola: Spanish global utility with multi-billion green hydrogen programs across Iberia targeting industrial, mobility, and shipping offtake. Iberdrola is the most direct competitive incumbent to HyFive in the Spanish green hydrogen market, with established renewable generation assets and downstream customer relationships.
- Naturgy: Spanish gas utility with emerging green hydrogen and renewable gas initiatives leveraging existing distribution infrastructure. Naturgy is a broad incumbent peer with distribution advantages paralleling HyFive's pipeline access thesis.
- Nel ASA: Norwegian electrolyzer manufacturer supplying equipment across the green hydrogen industry. Nel is comparable as a hydrogen production infrastructure provider, though positioned upstream of HyFive's integrated value chain.
- ITM Power: UK-based PEM electrolyzer manufacturer with large-scale project references. ITM Power is comparable as a hydrogen production technology and project developer, though primarily equipment-focused versus HyFive's integrated model.
Others
Direct peers
- HIF Global: Chilean-founded e-fuels developer producing e-methanol and e-gasoline from green hydrogen. HIF Global is a direct peer in the e-methanol/e-fuels category with similar value proposition targeting shipping and aviation customers.
- Sunfire: German company developing solid oxide electrolyzers and operating e-fuel pilot projects producing e-methanol, e-kerosene, and green hydrogen. Sunfire is a direct peer across both green hydrogen production and e-fuel synthesis targeting aviation and chemicals.
- Norsk e-Fuel: Norwegian e-methanol and e-SAF developer building one of Europe's first commercial e-methanol plants using green hydrogen. Norsk e-Fuel is a direct peer specifically in e-methanol production for maritime and aviation decarbonization.
- Copenhagen Infrastructure Partners (C2X): C2X is CIP's dedicated green fuels platform developing large-scale e-methanol projects in Spain, the US, and other regions targeting shipping offtake. C2X is a direct peer in Iberian e-methanol development with similar port-based strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
HyFive social profiles
Digital presenceHyFive compliance and trust
Trust signalCompliance1 record
HyFive financial estimates
Financial estimateRevenue estimate
Valuation estimate
HyFive leadership team
Management profileNumber of profiles
Profiles1 record
HyFive funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HyFive 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 HyFive
What does HyFive do?
HyFive is a vertically integrated producer of industrial-scale green hydrogen and e-methanol for enterprise customers. Green hydrogen is produced through water electrolysis powered by renewable energy sources (solar, wind, hydro). E-methanol is synthesized by combining this green hydrogen with captured biogenic CO2 from nearby industries. The company sells these products through long-term offtake agreements to industrial off-takers in shipping, aviation, cement, steel, chemicals, and heavy-duty mobility sectors, primarily across the Iberian Peninsula and Southern Europe.
Is HyFive a public or private company?
HyFive is a private company. It is classified as private equity controlled and is currently operating.
When was HyFive founded?
HyFive was founded in 2021. It employs 1 to 10 people.
Where is HyFive based?
HyFive is headquartered in Bilbao, Spain, in the Europe region.
How does HyFive make money?
Four revenue lines are on record. Green Hydrogen Sales are the primary driver. The others are E-methanol Sales, EU Subsidies and Grants and infrastructure Development and Operations.
Who are HyFive's main competitors?
Broad incumbents on record are Cepsa, Iberdrola, Naturgy, Nel ASA and ITM Power. Repsol is listed as an others. Direct peers are HIF Global, Sunfire, Norsk e-Fuel and Copenhagen Infrastructure Partners (C2X).
Does HyFive have an API?
No public API is recorded for HyFive.
What industry is HyFive in?
HyFive's product category is Green Hydrogen Production. Its primary akta.pro industry code is IMAEACAB, Hydrogen (Industrial & Mobility), with a secondary code of EUABAIAB, Green Methanol & E‑Alcohols (e‑methanol, ethanol, higher alcohols). Its SIC code is 2860.