HydePoint
- Company typePrivate
- Founded2022
- HeadquartersStavanger, Norway
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
HydePoint firmographics
Firmographics- Name
- HydePoint
- Legal name
- HydePoint AS
- Website
- https://hydepoint.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
HydePoint industry classification
Industry- Product category
- Offshore Hydrogen Production Systems
- NAICS
- Wind Electric Power Generation (221115), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)
- akta.pro primary industry
- Hydrogen (Industrial & Mobility) (IMAEACAB)
- akta.pro secondary industries
- Offshore Wind Power Generation (Floating) (EUACAFAC), Offshore Wind Power Generation (Fixed-Bottom) (EUACAFAB), Advanced Wind Technology R&D (Floating Offshore, Airborne Wind, New Rotor/Blade Concepts) (EUAMAOAB)
Keywords
Where HydePoint is headquartered
LocationHeadquarters
- HQ city
- Stavanger
- HQ country
- Norway
- HQ region
- Europe
Offices2 records
Markets served
HydePoint business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain
Revenue model
- Offshore Hydrogen Production Systems: Sale/delivery of complete HydePoint hydrogen production units to customers. Revenue derived from system sales, installation, and potentially ongoing operational services for offshore hydrogen facilities.
- Modular Hydrogen Facility Solutions: Standardized, modular and scalable hydrogen production solutions offered as complete turnkey facilities. Development, engineering, procurement, and project execution services.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
HydePoint product offering
Product offeringCore offering
HydePoint designs and delivers modular, industrialized offshore hydrogen production platforms that integrate substation and hydrogen generation into a single unit. The systems are deployed at offshore wind farms (both floating and fixed), converting wind power into green hydrogen via PEM electrolysis and operating fully autonomously and remotely. The offering is sold as complete turnkey hydrogen production units, with configurations including a 20MW barge for near-shore deployment and a 120MW bottom-fixed platform for large-scale offshore installation.
Product overview
HydePoint offers a modular hydrogen production platform that integrates offshore wind energy conversion with hydrogen generation. The core HydePoint Platform is available in two main product configurations: the 20MW Barge for floating/dockside deployment and the 120MW Bottom-Fixed Platform for permanent offshore installation. The platform converts wind power fully or partially into hydrogen, combining substation and hydrogen production operations in a unified, autonomous system. A supporting simulation model tool assists in plant design optimization.
Differentiator
Problem solved
Functional benefit
Products and services
- HydePoint Platform A standardized and modular industrialized platform for offshore hydrogen production, compatible with both floating and fixed wind farms. Converts wind power fully or partially into hydrogen via integrated substation and hydrogen production operations, with fully remote and autonomous operation. Sold to industrial clients in the offshore wind, maritime, and energy sectors.
- HydePoint 20MW Barge A modular floating hydrogen production unit with approximately 20 MW capacity, designed for dockside and near-shore deployment. Offers flexible and mobile production for green hydrogen supply to local maritime and industrial users, targeting 3000+ tons annually.
- HydePoint 120MW Bottom-Fixed Hydrogen Platform A larger-scale bottom-fixed offshore hydrogen production platform with approximately 120 MW capacity, designed for permanent offshore installation at offshore wind farm locations. Combines substation and hydrogen generation in a single autonomous unit.
- Offshore Wind-to-Hydrogen Simulation Model Tailor-made simulation model developed with Billington Process Technology using UniSim Design with BPT-SimApps extensions. Performs mass and energy balance calculations to optimize plant design and reduce risk for HydePoint hydrogen production facilities.
Quantifiable outcome
- Karmsund facility targets 3000+ tons hydrogen annually from 20 MW capacity
- +2 more outcomes
Companies that use HydePoint
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
HydePoint technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
HydePoint partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, key and supporting.
- NymocoreStrategic investment and collaboration agreement for development, standardisation, industrialisation and delivery of complete HydePoint units. Nymo becomes co-owner and industrial partner, joining ecosystem with Moreld, Kongsberg, Vergia, and CIFO. Contributes engineering, procurement, supply chain, fabrication methods, and project execution capabilities.
- Subsea7keyOpen collaboration to investigate integration of offshore hydrogen production systems with offshore wind infrastructure in Dutch North Sea. Jointly exploring innovative and scalable concepts for hydrogen generation at sea. Subsea7 brings offshore engineering expertise.
- EnBWkeyOne of Europe's largest offshore wind developers with ~1 GW installed capacity. Partner in feasibility study for Dutch North Sea offshore hydrogen production. Supports offshore wind integration in Germany and Netherlands markets.
- Karmsund HydrogenkeyJoint project to build green hydrogen facility in Karmsund, Norway. Karmsund Hydrogen (owned by Norwegian Hydrogen, Sigma, and Karmsund Group) partners with HydePoint to deliver hydrogen to local maritime and onshore industries. Facility targets 3000+ tons annually with 20 MW capacity.
- Nel HydrogencoreMOU for co-development of advanced hydrogen production systems for nearshore, offshore, and harsh environments. Integration of Nel's high-efficiency PEM electrolyser stacks into HydePoint's modular systems. Aims to enable reliable, scalable green hydrogen production and improve Levelized Cost of Hydrogen (LCOH).
- Norwegian HydrogencoreStrategic partnership to accelerate development of mid-size 10-40 MW dockside and near-shore green hydrogen projects. Focus on scaling production within 2-3 year timeframe while laying foundation for large-scale offshore wind-integrated hydrogen ventures. Norwegian Hydrogen provides project development and asset operation expertise.
- Billington Process Technology (BPT)supportingCollaboration to develop tailormade simulation model for offshore wind-to-hydrogen production using UniSim Design. BPT provides 25-year simulation expertise and unique simulator add-on applications. Model will be used for mass and energy balance calculations for HydePoint plant design optimization.
- Kongsberg GroupcoreWorld leader in marine technology with 12,000 employees. Key contributions: Marine automation systems and power electronics for HydePoint's offshore hydrogen production platform. Kongsberg provides monitoring, control, and safety systems critical for autonomous offshore operations.
- MoreldcoreIndustrial group with 3,000 employees providing solutions across the energy value chain. Key contributions: Process technology, engineering and offshore EPCI services. Supports HydePoint with offshore infrastructure solutions and project execution capabilities.
- CIFO ManagementcoreCIFO Management represents the foundation behind HydePoint. Initiated bringing companies together to create HydePoint. Experience with entrepreneurship and cluster development has been important from the first idea to current operations.
- Sigma HydrogensupportingCo-project partner in Karmsund Hydrogen facility. Norwegian technology company focused on market optimization of green hydrogen production, combining data-driven insight with targeted innovation for profitability.
- Karmsund GroupsupportingNorwegian investment company with maritime sector focus. Provides Service Base location for Karmsund Hydrogen facility, offering direct access to hydrogen users in maritime and onshore sectors.
Scale indicators3 records
Recent moves6 records
HydePoint competitors and assessment
Company assessmentDirect peers
- ITM Power: UK-based PEM electrolyzer manufacturer producing modular hydrogen production systems. ITM Power targets similar industrial-scale green hydrogen applications as HydePoint, including integration with renewable energy sources, though typically onshore rather than offshore.
- Nel Hydrogen: PEM electrolyzer manufacturer and HydePoint's technology integration partner. Nel produces hydrogen production systems similar to HydePoint's PEM-based platform, making it both a collaborator and a direct competitor in modular hydrogen production, particularly for nearshore and harsh-environment applications.
- Norwegian Hydrogen: Norwegian green hydrogen project developer and HydePoint's strategic partner for 10-40 MW near-shore projects. Norwegian Hydrogen develops and operates hydrogen production facilities, directly competing in the same offshore and near-shore hydrogen markets HydePoint targets, including the Karmsund project.
Broad incumbents
- Ørsted: Global leader in offshore wind with growing hydrogen ambitions. Ørsted has announced offshore hydrogen projects and is exploring wind-to-hydrogen integration, making it both a potential customer for HydePoint's platform and a competitor developing in-house solutions.
- Siemens Energy: Major energy technology OEM with significant hydrogen electrolyzer (Silyzer) and offshore wind (SGRE) operations. Siemens Energy competes broadly in the same space HydePoint addresses (offshore wind-to-hydrogen) and could bundle hydrogen systems with its offshore wind portfolio as an incumbent supplier.
- Cummins (Accelera): Accelera (Cummins' zero-emissions segment) manufactures PEM electrolyzers and hydrogen fuel cell systems for industrial and mobility applications. Cummins is a broad incumbent in hydrogen production equipment, competing with HydePoint for industrial green hydrogen customers.
- Plug Power: Large hydrogen solutions provider with PEM electrolyzer manufacturing and hydrogen fuel applications. Plug Power operates across the hydrogen value chain including industrial-scale production, competing with HydePoint for green hydrogen project customers.
- Equinor: Norwegian energy major developing offshore hydrogen projects (e.g., H2M Eemshaven, Northern Lights partnership). Equinor is pursuing offshore wind-to-hydrogen at industrial scale and represents the type of large incumbent HydePoint must compete with or partner alongside.
Emerging players
- McPhy Energy: European electrolyzer manufacturer with alkaline and PEM technology offerings. McPhy focuses on industrial-scale green hydrogen production and has partnerships with utility-scale project developers, competing in similar markets to HydePoint though primarily in onshore configurations.
- Hynamics (EDF Group): EDF subsidiary focused on green hydrogen production from renewable electricity. Hynamics develops industrial-scale hydrogen projects including offshore applications, positioning it as a competitor in the European offshore hydrogen market HydePoint targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
HydePoint social profiles
Digital presenceHydePoint compliance and trust
Trust signalCompliance1 record
HydePoint financial estimates
Financial estimateRevenue estimate
Valuation estimate
HydePoint leadership team
Management profileNumber of profiles
Profiles10 records
HydePoint funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HydePoint 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 HydePoint
What does HydePoint do?
HydePoint designs and delivers modular, industrialized offshore hydrogen production platforms that integrate substation and hydrogen generation into a single unit. The systems are deployed at offshore wind farms (both floating and fixed), converting wind power into green hydrogen via PEM electrolysis and operating fully autonomously and remotely. The offering is sold as complete turnkey hydrogen production units, with configurations including a 20MW barge for near-shore deployment and a 120MW bottom-fixed platform for large-scale offshore installation.
Is HydePoint a public or private company?
HydePoint is a private company. It is classified as corporate owned and is currently operating.
When was HydePoint founded?
HydePoint was founded in 2022. It employs 1 to 10 people.
Where is HydePoint based?
HydePoint is headquartered in Stavanger, Norway, in the Europe region.
How does HydePoint make money?
Two revenue lines are on record. Offshore Hydrogen Production Systems are the primary driver. The others are modular Hydrogen Facility Solutions.
Who are HydePoint's main competitors?
Direct peers on record are ITM Power, Nel Hydrogen and Norwegian Hydrogen. Broad incumbents are Ørsted, Siemens Energy, Cummins (Accelera), Plug Power and Equinor. Emerging players are McPhy Energy and Hynamics (EDF Group).
Does HydePoint have an API?
No public API is recorded for HydePoint.
What industry is HydePoint in?
HydePoint's product category is Offshore Hydrogen Production Systems. Its primary akta.pro industry code is IMAEACAB, Hydrogen (Industrial & Mobility), with a secondary code of EUACAFAC, Offshore Wind Power Generation (Floating). Its NAICS code is 221115 and its SIC code is 4991.