CYRUS

What CYRUS does

CYRUS S.A. is a Greek private company, founded in 2019 as a spin-off of NCSR DEMOKRITOS, that has developed a Metal Hydride Hydrogen Compressor (MHC) marketed as the MH-200-CYRUS-1.0. The system uses proprietary alloys free of Critical Raw Materials and a water-based heat-transfer loop at 10–85°C to compress hydrogen from low pressure to more than 200 bar, consuming only low-grade heat from solar thermal or industrial waste and producing no mechanical noise. This allows hydrogen refueling stations (HRS) to be sited in residential areas and reduces HRS OPEX by an estimated 85% relative to mechanical compressors, which currently account for roughly 50% of HRS capex and over 60% of O&M costs. The technology is patent-protected by the Hellenic Industrial Property Organisation (OBI), supported by a European patent application (protocol 28533/2023) and a Freedom-to-Operate report from Wuesthoff & Wuesthoff, and the product line is CE accredited.

CYRUS sells custom-designed compressor units directly to European hydrogen refueling station operators, clean-energy infrastructure developers, and government/municipal hydrogen programs via a B2B field-sales motion supplemented by trade-show participation (HYVOLUTION Paris, Thessaloniki International Fair) and EU funding-network visibility. The company's revenue model is hardware sales of compressor units under multi-year custom contracts, with pricing undisclosed publicly. Its first commercial deployment — the world's first thermal hydrogen compressor in an operational HRS — was inaugurated in 2024 at the NCSR DEMOKRITOS campus in Greece. To date the company has raised a pre-seed from Uni-fund, non-dilutive grants totaling approximately €600,000 (EIT Climate-KIC, EREYNO/Competitiveness & Entrepreneurship), and over €1 million in a 2024 equity round led by ADVENT Technologies alongside Uni-fund and other private investors. The 1–10 person team carries more than 100 person-years of hydrogen technology experience from European FP7 ATLAS projects, with leadership drawn from NCSR DEMOKRITOS, Mitsubishi Japan, and leading European technical universities.

Name

CYRUS

Legal name

CYRUS S.A.

Website

https://h2cyrus.eu

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

CYRUS S.A. is a Greek spin-off of NCSR DEMOKRITOS that builds Metal Hydride Hydrogen Compressors (MH-200-CYRUS-1.0) which compress hydrogen to 200+ bar using low-grade heat and water. It sells CE-acquired, noise-free compressor units directly to European hydrogen refueling station operators.

Ownership category

akta.pro rank

Product category

Hydrogen Compression Equipment

NAICS

Air and Gas Compressor Manufacturing (333912), Pump and Compressor Manufacturing (33391)

SIC

Pumps & Pumping Equipment (3561), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Process Gas & High-Pressure Compressors (IMAHANAF)

akta.pro secondary industries

Hydrogen Storage & Compression Terminals (TLAGAKAH), Hydrogen Pipeline Compression & Booster Stations (TLAGAGAE), Hydrogen Distribution Pipelines (Local/Regional Networks) (TLAGAGAB)

Keywords

• Hydrogen compression systems
• Metal hydride compressors
• Hydrogen refueling stations
• Clean energy infrastructure
• Thermal hydrogen compression

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Hydrogen Compressor Sales: Sale of metal hydride hydrogen compressor units (MH-200-CYRUS-1.0) and custom-designed hydrogen compression systems to hydrogen refueling station operators and clean energy infrastructure developers.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

CYRUS designs, develops, and sells metal hydride hydrogen compressors (notably the MH-200-CYRUS-1.0 model) that compress hydrogen from approximately 5 bar to over 200 bar using water as a cooling/heating medium at low temperatures (10–85°C) and low-grade heat from renewable sources or industrial waste. The company offers standard and custom-designed compression systems primarily to hydrogen refueling station operators, clean energy infrastructure developers, and government-led decarbonization projects.

Product overview

CYRUS S.A. is a hydrogen technology company that offers a single flagship product line centered on its Metal Hydride Compressor technology. The core product is the MH-200-CYRUS-1.0, a noise-free hydrogen compression system that uses metal hydrides and water as a cooling/heating medium (10-85°C) to achieve pressures exceeding 200 bar, leveraging low-grade heat. The company has also deployed this compressor as a installed unit in Greece's first hydrogen refueling station (HRS) at NCSR Demokritos, marking the world's first thermal hydrogen compressor in a real operational HRS. Additional projects include the H2CYRUS R&D initiative for developing new metal alloys for hydrogen compression and the H2TRANS project for further scale-up and commercialization.

Differentiator

Problem solved

Functional benefit

Products and services

• MH-200-CYRUS-1.0 Metal Hydride Hydrogen Compressor The MH-200-CYRUS-1.0 is a metal hydride hydrogen compressor that compresses hydrogen from approximately 5 bar to over 200 bar using water as a cooling and heating medium at 10–85°C, powered by low-grade heat from renewable or industrial waste sources. It is CE-accredited, modular, fully automated with remote monitoring, has no moving parts, operates with zero noise, uses alloys containing no Critical Raw Materials, and targets hydrogen refueling station operators and clean energy infrastructure developers.
• Custom-Designed Hydrogen Compression Systems Custom-designed variants of CYRUS's metal hydride hydrogen compression technology tailored to specific client requirements for hydrogen refueling station deployments and related clean energy infrastructure projects. Sold on a custom-quote basis with multi-year contract structures.

Quantifiable outcome

• 85% OPEX reduction for hydrogen refueling stations
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core and strategic.

• NCSR DEMOKRITOScoreStrategic or Co-development PartnerParent research institution and spin-off origin. CYRUS founded in 2019 as spin-off of NCSR DEMOKRITOS. Company located in Lefkippos Technology & Science Park of Attica on DEMOKRITOS campus. Over 100 Person-Years of hydrogen technology know-how from European FP7 projects (ATLAS 2010-2019) conducted at DEMOKRITOS.
• University of CyprusstrategicStrategic or Co-development PartnerStrategic Agreement with Prof. Dimokratis Grigoriadis from Department of Mechanical & Manufacturing Engineering. Prof. Grigoriadis acts as Special Advisor on Industrialization & heat management processes. Announced February 2024.
• Lefkippos Technology & Science Park of AtticacoreOthersTechnology park hosting CYRUS headquarters at Patriarchou Grigoriou E' & 27 Neapoleos str., 15341 Agia Paraskevi, Athens, Greece.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• PDC Machines: PDC Machines is a US-based manufacturer of diaphragm and piston compressors for hydrogen, including high-pressure H2 compression up to 10,000 psi for refueling stations. Directly comparable to CYRUS as a specialized hydrogen compressor OEM serving HRS developers.
• HyET Hydrogen: HyET Hydrogen is a Dutch company developing electrochemical hydrogen compression technology as an alternative to mechanical compressors for refueling and industrial use. Directly comparable as a next-generation hydrogen compressor specialist targeting HRS cost reduction.

Broad incumbents

• Nel ASA: Nel ASA is a Norwegian hydrogen technology company providing electrolyzers and HRS solutions, including proprietary hydrogen compression and storage. A broader incumbent in the hydrogen refueling value chain with overlapping compression requirements for HRS customers.
• Chart Industries: Chart Industries is a major industrial gas equipment manufacturer with a dedicated hydrogen solutions portfolio including compression, liquefaction, and storage. Comparable as a large-scale incumbent serving HRS developers and hydrogen mobility customers.
• Haskel (Parker Hannifin): Haskel, part of Parker Hannifin, manufactures high-pressure gas compressors and boosters widely used in hydrogen refueling, including mechanical and pneumatic compression solutions. Comparable as a broad industrial gas compression incumbent serving HRS applications.
• Atlas Copco: Atlas Copco is a global industrial compressor manufacturer offering hydrogen-compatible oil-free and piston compressors for refueling and industrial gas applications. Comparable as a broad incumbent with overlapping product capability in gas compression for HRS.

Emerging players

• Greenlight Innovation: Greenlight Innovation manufactures hydrogen compressor and fuel cell test equipment and supplies hydrogen compression systems. Comparable as a niche hydrogen compression equipment supplier serving refueling infrastructure and R&D customers.
• ITM Power: ITM Power is a UK-based hydrogen equipment manufacturer specializing in PEM electrolyzers and integrated hydrogen refueling stations. Comparable as an emerging player in the hydrogen refueling infrastructure value chain with adjacent compression/station integration needs.

Others

• Advent Technologies: Advent Technologies is a hydrogen fuel cell and clean energy company that led CYRUS's 1M+ EUR investment round (2024). Comparable as an investor and strategic partner with overlapping hydrogen technology focus; also serves as a proxy for fuel cell / hydrogen system integrators in the European market.
• Hydrogenious LOHC Technologies: Hydrogenious develops liquid organic hydrogen carrier (LOHC) storage and release systems that include proprietary hydrogen handling and compression infrastructure. Comparable as a European hydrogen storage/transportation technology peer addressing cost and safety barriers for hydrogen infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/h2cyrus
• YouTubeyoutube.com/channel/UCvOz32hgI_YiFDwmFndlytw
• Facebookfacebook.com/H2CYRUS
• LinkedInlinkedin.com/company/h2cyrus

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CYRUS