HyCC

What HyCC does

HyCC (The Hydrogen Chemistry Company) is a Dutch green-hydrogen project developer and operator, structured as a 50/50 joint venture between Nobian and Macquarie's Green Investment Group (GIG), founded in December 2021 with formal JV closing in April 2022 and headquartered in Amersfoort, Netherlands. In February 2026 the company was acquired by Power2X, combining HyCC's hydrogen pipeline with Power2X's clean-molecule portfolio. HyCC develops, builds, and operates large-scale water electrolysis plants to produce green hydrogen for industrial offtakers, leveraging over 100 years of combined industrial-scale electrolysis experience carried over from Nobian's chlor-alkali operations in Rotterdam and Delfzijl.

The company's product portfolio consists of five named electrolysis projects totaling 1+ GW of in-development capacity: Djewels (20 MW, Delfzijl — McPhy Augmented McLyzer technology), H2eron (90 MW, Delfzijl — Nel atmospheric alkaline stacks, later re-planned), H2era (500 MW, Port of Amsterdam), H2Next (250 MW, Rotterdam Maasvlakte), and GreenRoot (500 MW, Lutherstadt Wittenberg, Germany). End-use applications span renewable methanol (OCI), sustainable aviation fuel (SkyNRG), refinery decarbonization (bp, H2-Fifty), green steel via DRI (Tata Steel, H2ermes), and chemicals/agro (SKW Piesteritz). The technology stack is largely third-party (McPhy, Nel, Technip Energies, Kraftanlagen) with HyCC providing integration, siting, offtake, and project finance.

HyCC's go-to-market is enterprise field sales: large-scale projects are co-developed with industrial customers via joint development agreements and long-term offtake contracts, supported by EU IPCEI funding, the Dutch OWE subsidy, and Clean Hydrogen Partnership grants. Distribution occurs via dedicated pipelines into adjacent chemical parks, with future integration into Gasunie's Hynetwork national hydrogen backbone and the Delta Rhine Corridor. Revenue mechanics combine project development services, equity returns from JV-held hydrogen assets, and — once commissioned — recurring hydrogen sales under long-term supply agreements; no commercial hydrogen is yet produced as of the Power2X acquisition date.

Name

HyCC

Legal name

HyCC B.V.

Website

https://hycc.com

Company type

Private

Founded year

2021

Operating status

Acquired

Headcount range

51–100 employees

Short description

HyCC is a Netherlands-based green hydrogen project developer and operator (a Nobian–Macquarie GIG joint venture, acquired by Power2X in 2026) that develops, builds, and operates large-scale water electrolysis plants supplying renewable hydrogen to industrial offtakers in chemicals, refining, steel, sustainable aviation fuel, and chemicals across Northwest Europe.

Ownership category

akta.pro rank

Product category

Green Hydrogen Production

NAICS

Industrial Gas Manufacturing (32512), Chemical Manufacturing (325)

SIC

Industrial Organic Chemicals (2860)

akta.pro primary industry

Hydrogen (Industrial & Mobility) (IMAEACAB)

akta.pro secondary industries

Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC), Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)

Keywords

• Green hydrogen production
• Water electrolysis
• Industrial decarbonization
• Hydrogen supply agreements
• Renewable energy infrastructure

Headquarters

HQ city

Amersfoort

HQ country

Netherlands

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Green Hydrogen Sales: HyCC develops, builds, and operates green hydrogen production facilities, selling hydrogen to industrial customers under long-term supply agreements. Revenue is generated from hydrogen production and delivery to customers in steel, chemicals, aviation, shipping, and refining industries.
2. Project Development Services: HyCC develops hydrogen projects for itself and partners, earning development fees and equity returns from completed projects. Projects include Djewels, H2eron, H2era, H2Next, and GreenRoot across Netherlands and Germany.
3. Equity Investment Returns: As a joint venture between Nobian and Macquarie GIG, HyCC generates returns through equity participation in hydrogen projects, benefiting from project financing and government subsidies.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

HyCC develops, builds, and operates large-scale green hydrogen production facilities using water electrolysis powered by renewable electricity. It sells the resulting green hydrogen under long-term supply agreements to industrial customers in chemicals, steel, refining, and sustainable aviation fuels across the Netherlands and Germany.

Product overview

HyCC (The Hydrogen Chemistry Company) is a joint venture between Nobian and Macquarie's Green Investment Group, specializing in large-scale green hydrogen production through water electrolysis. The company operates a portfolio of hydrogen projects including Djewels (20 MW), H2eron (90 MW), H2era (500 MW), H2Next (250 MW), and GreenRoot (500 MW) across the Netherlands and Germany. HyCC's core offerings include green hydrogen production and circular chemistry solutions that combine hydrogen with carbon to create hydrocarbons from CO2, enabling industries like steel, aviation, shipping, and chemicals to decarbonize. The company leverages over 100 years of electrolysis experience from its parent companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Djewels A pioneering 20 MW green hydrogen production facility at Chemical Park Delfzijl in the Netherlands, demonstrating the feasibility of industrial-scale green hydrogen production for renewable fuels. Uses McPhy's Augmented McLyzer high-current-density, pressurized alkaline electrolyzer technology and supplies green hydrogen to offtake customers including OCI Methanol Europe and Nobian.
• H2eron A 90 MW electrolyzer project at Chemie Park Delfzijl for producing fully renewable hydrogen from water and electricity, supplying hydrogen to SkyNRG for sustainable aviation fuel (SAF) production and supporting decarbonization of industries in the north of the Netherlands and other Northwest European clusters.
• H2Next A planned 250 MW electrolyzer located at Port of Rotterdam's first hydrogen conversion park on the Maasvlakte, designed to produce approximately 25,000 tons of green hydrogen per year for decarbonizing refineries, the chemical industry, and mobility, with planned integration into the national Hynetwork and Delta Rhine Corridor.
• H2era A planned green hydrogen factory with maximum capacity of 500 MW in the Port of Amsterdam, designed to produce hydrogen from water and green electricity through electrolysis without CO2 emissions, targeting industrial offtakers in the Amsterdam port region and connected to the national Hynetwork.
• GreenRoot A flagship 500 MW green hydrogen factory project in Lutherstadt Wittenberg, Saxony-Anhalt, Germany, developed in partnership with VNG AG to produce approximately 50,000 tons of green hydrogen annually for decarbonizing chemical, agrochemical, and other industrial customers in Central Germany, including SKW Piesteritz.
• Green Hydrogen Production (Large-scale) HyCC's core service offering: large-scale production of green hydrogen by splitting water into oxygen and hydrogen using renewable-sourced electricity through water electrolysis, sold to industrial customers under long-term supply agreements.
• Circular Chemistry Solutions Solutions that combine green hydrogen with captured CO2 to create hydrocarbons, effectively reusing CO2 as a raw material instead of emitting it, enabling circular economy production for industries such as steel, concrete, and chemicals through Direct Reduced Iron and renewable feedstock pathways.

Quantifiable outcome

• Djewels project: up to 3,000 tonnes/year green hydrogen production; reduces up to 27,000 tonnes CO2/year for renewable methanol production
• +3 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

13 partnerships are on record, tiered major, core, flagship and minor.

• Port of Rotterdam AuthoritymajorStrategic or Co-development Partner · 21 May 2025Port of Rotterdam Authority signed agreement with HyCC to reserve a plot for H2Next plant at the first hydrogen conversion park on the Maasvlakte, near planned offshore wind farm landing points. Strategic location enables connection to renewable power and distribution to industrial cluster.
• McPhycoreTechnology or Integration · 4 July 2023McPhy provides electrolyzers using Augmented McLyzer technology for Djewels project. This is the first deployment at this scale of McPhy's high-current-density, pressurized alkaline electrolyzers, enabling more hydrogen production with less space usage for gigawatt-scale scaling.
• Technip EnergiescoreImplementation/ SI/ Consulting Partner · 4 July 2023Technip Energies contracted for design and construction of Djewels 20 MW green hydrogen plant. As a leading engineering company for energy transition with positions in LNG, hydrogen, and ethylene, Technip Energies provides EPCC (Engineering, Procurement, Construction, Commissioning) capabilities for the project.
• GasuniecoreStrategic or Co-development Partner · 4 July 2023Gasunie co-develops Djewels project and operates national hydrogen transport infrastructure (Hynetwork). Gasunie's hydrogen network will enable distribution of green hydrogen from Delfzijl project to industrial clusters across Netherlands.
• OCIcoreOthers · 4 July 2023OCI Methanol Europe is the primary offtake customer for Djewels project, using green hydrogen to produce renewable methanol and reduce CO2 emissions by up to 27,000 tonnes per year.
• Nel HydrogencoreTechnology or Integration · 6 February 2023Nel provides atmospheric alkaline electrolyzers for H2eron project. HyCC contracted Nel for electrolyzer stack supply. Nel's proven electrolyzer technology selected for the 40-90 MW project in Delfzijl for sustainable aviation fuel production. (Note: HyCC later cancelled Nel order due to project timeline changes and planned capacity increase to 50 MW.)
• Kraftanlagen Energies & ServicescoreTechnology or Integration · 6 February 2023Kraftanlagen contracted for basic design and FEED (Front-End Engineering Design) for H2eron project. As an engineering and EPC contractor, Kraftanlagen brings proven expertise in green hydrogen and sustainable energy project execution.
• SkyNRGcoreOthers · 6 February 2023SkyNRG is the hydrogen offtake customer for H2eron project, using green hydrogen to produce sustainable aviation fuel (SAF) from industrial by-products and waste streams, achieving 85% lower CO2 emissions than fossil jet fuel.
• VNG AGflagshipStrategic or Co-development Partner · 16 September 2022HyCC and German gas company VNG AG jointly developed GreenRoot project for large-scale green hydrogen production in Central Germany. Partnership combines HyCC's electrolysis expertise with VNG's experience in energy infrastructure development and regional market knowledge. VNG H&V (VNG Handel & Vertrieb) also joined as project partner in 2024.
• Port of AmsterdammajorStrategic or Co-development Partner · 13 July 2022Port of Amsterdam partnered with HyCC for H2era project, a 500 MW green hydrogen facility in the port area. Partnership leverages Port of Amsterdam's infrastructure position and investment in sustainable energy transition, with HyCC developing and operating the hydrogen production facility.
• Tata SteelmajorStrategic or Co-development Partner · 13 July 2022HyCC, Port of Amsterdam, and Tata Steel collaborating on H2ermes project - a 100 MW hydrogen facility at Tata Steel IJmuiden for green steel production using Direct Reduced Iron technology.
• Green Team TwenteminorOthers · 3 March 2022HyCC sponsors Green Team Twente, university student team developing hydrogen cars for Shell Eco Marathon. Partnership supports hydrogen knowledge development and innovation while promoting sustainability. Team achieved 3,500 km per 1 kg hydrogen in 2019.
• bpflagshipStrategic or Co-development Partner · 2 February 2022HyCC and bp signed joint development agreement for H2-Fifty, a 250 MW green hydrogen project in Rotterdam. Hydrogen will be used to decarbonize bp's refinery and other industries in the port area, with potential CO2 savings of up to 350,000 tonnes per year. Partnership combines bp's refining operations with HyCC's hydrogen development expertise.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• ITM Power: UK-based PEM electrolyzer manufacturer and project developer supplying green hydrogen to industrial customers in Europe, with comparable technology focus and similar challenge of scaling first-of-a-kind gigawatt-class projects.
• Power2X: Acquirer of HyCC and direct peer operating in Northwest Europe green hydrogen project development, with overlapping project pipeline in Netherlands and Germany and similar offtake-driven, subsidy-supported business model.

Broad incumbents

• bp: Global energy major and HyCC's joint development partner on H2-Fifty (250 MW Rotterdam), simultaneously developing its own Lingen green hydrogen project in Germany and competing for refinery and chemicals offtake across Northwest Europe.
• Air Liquide: Global industrial gas major producing and distributing hydrogen at scale across Europe, including green hydrogen projects in the Netherlands, competing with HyCC for industrial offtake contracts and hydrogen network distribution.
• Shell: Global energy major with major hydrogen ambitions in Rotterdam (Holland Hydrogen I, 200 MW) and across Europe, competing directly with HyCC for port-located electrolyzer sites and industrial offtake contracts in the same Northwest European cluster.
• Equinor: Norwegian energy major developing large-scale blue and green hydrogen projects across Northwest Europe, including at Rotterdam port area, competing for similar industrial offtake customers and subsidy support as HyCC.
• RWE: German utility developing gigawatt-scale green hydrogen projects in Germany (e.g., GET H2) and at Northwest European ports, with comparable electrolyzer technology, offtake focus on chemicals and refining, and Joost Sandberg (HyCC Commercial Director) as a former RWE executive.

Emerging players

• Everfuel: Danish green hydrogen producer and distributor developing electrolyzer projects across Scandinavia and Northwest Europe, with similar focus on industrial offtake, mobility applications, and hydrogen infrastructure.
• H2 Green Steel (Stegra): Swedish green steel developer building large-scale green hydrogen electrolyzers to power Direct Reduced Iron steelmaking, with comparable industrial offtake model to HyCC's Tata Steel H2ermes partnership and similar gigawatt-scale project ambitions in Northern Europe.

Others

• Nel ASA: Norwegian electrolyzer manufacturer and a former HyCC supplier (Nel order for H2eron was cancelled), providing the underlying alkaline electrolyzer technology for many Northwest European green hydrogen projects comparable to HyCC's portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hycc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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 HyCC