What Hydroma Inc does

Hydroma Inc is a privately held Canadian-incorporated company, headquartered in Montréal and founded in 2006 (originally as Petroma Inc, rebranded in 2019), that develops natural hydrogen (white hydrogen) and green hydrogen projects across West Africa and Canada. Its core activities span exploration, extraction, production, storage, transport, and distribution of hydrogen, plus downstream low-carbon ammonia. The company holds the world's first natural hydrogen exploitation permit (1,264 km²) and 100% ownership of the 43,000 km² Block 25 permit in Mali, where it has identified multiple stacked natural hydrogen reservoirs with up to 98% purity across 24+ drilled wells totaling 6,953m, and in 2012 launched the world's first non-commercial pilot producing CO2-free electricity from natural hydrogen for the village of Bourakébougou.

The technology base combines passive seismic, airborne gravimetric and magnetic surveys, and geophysical/geochemical campaigns with engineering partnerships (Chapman Petroleum Engineering, Fraunhofer Institute, Geo4U, Drilltec, Geodynamics Research, UTS Geophysics) and is supported by an NI 51-101 reserve report and peer-reviewed publications. Green hydrogen is produced via water electrolysis using renewable energy (solar, wind, hydro) and co-produced with ammonia for industrial and export use. The commercial surface remains project-development oriented: wholly-owned subsidiaries operate in Mali (Hydroma SA, Petroma SA, Hydroma Vert SA), Senegal (HydroTeranga SA), Niger (HydrogeN S.A), and Mauritania (HydroRIM SA), and a US entity (Hydroma USA) was added to broaden North American reach.

Hydroma's go-to-market is enterprise-level engagement with West African government ministries (energy, industry, commerce) and heavy-industry customers in refining, steel, ammonia/fertilizer, and mining, supplemented by event-based visibility (Mining Indaba, HYVOLUTION, HNAT Summit) and earned media in CNN, The Economist, Forbes, and Nature Scientific Reports. Revenue mechanics are not publicly disclosed; pricing is determined project-by-project, and a December 2022 partnership with Pegasus Capital Advisors anchors institutional capital for project development across the African and Canadian portfolio, complemented by the Hydroma-founded West African Big Green Deal (W.A.B.G.D.) initiative for regional ecosystem buildout.

Name

Hydroma Inc

Legal name

Hydroma Inc

Website

https://hydroma.ca

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Hydroma Inc is a Montréal-based private company developing natural and green hydrogen and low-carbon ammonia projects across West Africa (Mali, Senegal, Niger, Mauritania) and Canada, targeting government ministries, heavy industry, and European export markets through wholly-owned subsidiaries.

Ownership category

akta.pro rank

Product category

Hydrogen and Clean Energy Production

NAICS

Oil and Gas Extraction (211), Electric Power Generation (22111)

SIC

Crude Petroleum & Natural Gas (1311), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Hydrogen (Industrial & Mobility) (IMAEACAB)

akta.pro secondary industries

Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF), Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC), Hydrogen CHP (Fuel Cell & H2-Ready Turbines) (EUACAKAF), Hydrogen Blending Pipelines (H2-in-Natural-Gas Networks) (TLAGAGAD), Hydrogen Storage Materials & Solid-State Storage (Metal Hydrides, Adsorbents) (EUAFAEAG)

Keywords

• Natural hydrogen exploration
• Green hydrogen production
• White hydrogen extraction
• Low-carbon ammonia production
• Clean energy project development

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Natural hydrogen extraction and sale: Hydroma extracts and sells natural (white) hydrogen from its 100%-owned Block 25 permit in Mali, targeting both local electricity production and international export markets.
2. Green hydrogen and ammonia production, storage, transport, and distribution: Via subsidiaries in West Africa and Canada, Hydroma produces green hydrogen via renewable-powered electrolysis and ammonia for local use and massive exports to Europe and international markets.
3. Low-carbon ammonia project development: Hydroma develops ammonia production projects based on hydrogen potential, selling ammonia to industrial customers and for fertilizer production.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Hydroma explores, produces, and sells natural (white) hydrogen from its 100%-owned Block 25 permit in Mali (1,264 km² exploitation permit, 43,000 km² exploration block), and develops green hydrogen via renewable-powered electrolysis plus low-carbon ammonia projects. Outputs include CO2-free electricity from natural hydrogen combustion, gaseous and liquid hydrogen, and ammonia for local use and intercontinental export to Europe and international markets.

Product overview

Hydroma Inc is a single unified hydrogen development company offering an integrated portfolio of natural hydrogen (white hydrogen) and green hydrogen products and services. The core offerings include natural hydrogen exploration and exploitation at the Bourakebougou field in Mali (the world's first proved natural hydrogen reserves), green hydrogen production via electrolysis using renewable energy, and low-carbon ammonia production for industrial and export markets. The company also operates the Bourakebougou pilot project producing electricity from natural hydrogen. The West African Big Green Deal (W.A.B.G.D.) initiative unifies these activities under a regional development framework for West Africa and Canada, encompassing the full hydrogen value chain from exploration and production through storage, transport, and distribution for local use and international exports to Europe.

Differentiator

Problem solved

Functional benefit

Brands

• West African Big Green Deal (W.A.B.G.D.): Initiative for sustainable development via large-scale production, storage, transport and distribution of green and natural hydrogen in West Africa and internationally

Products and services

• Natural Hydrogen (White Hydrogen) Exploration, research, and exploitation of naturally occurring hydrogen deposits (white hydrogen) at the Bourakébougou field in Mali, where Hydroma holds the world's first proved reserves of natural hydrogen via its 100%-owned Block 25 permit. Multiple stacked reservoirs with up to 98% purity have been identified across 24+ drilled wells.
• Green Hydrogen Green hydrogen produced by electrolysis of water using renewable energy sources (solar, wind, hydro), developed in West Africa and Canada through Hydroma's subsidiaries for local use and international exports.
• Low-Carbon Ammonia Low-carbon and green ammonia produced from hydrogen for industrial applications, fertilizers, and export markets, with projects developed across Canada, Mauritania, Senegal, and Niger.
• Electricity Production from Natural Hydrogen First electricity production from natural hydrogen worldwide, achieved at the Bourakébougou pilot project and providing CO2-free power to local communities as a direct-combustion application of natural hydrogen.

Quantifiable outcome

• Zero CO2 emissions from natural hydrogen combustion in electricity production pilot at Bourakebougou
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core.

• Ministry of Industry and Commerce of SenegalcoreStrategic or Co-development Partner · 7 October 2025On October 7, 2025, Hydroma Inc signed a memorandum of understanding with Senegal's Ministry of Industry and Commerce for the development of a low-carbon ammonia project based on Senegal's hydrogen potential, marking an expansion into ammonia production.
• Niger's Ministry of Energy and Renewable EnergiescoreStrategic or Co-development Partner · 20 March 2023Hydroma's subsidiary in Niger, HydrogeN S.A, signed a memorandum of understanding with Niger's Ministry of Energy and Renewable Energies to develop green hydrogen projects in the country, including renewable electricity production and hydrogen for mobility and local uses.
• Niger's Cities Modernisation Agency (AMV)coreStrategic or Co-development Partner · 20 March 2023Hydroma's subsidiary in Niger, HydrogeN S.A, signed a memorandum of understanding with the Cities Modernisation Agency (AMV) to develop green hydrogen projects supporting urban modernization and clean energy transition in Niger.
• Senegal's Permanent Secretariat for Energy (PSE)coreStrategic or Co-development Partner · 25 January 2023Hydroma and Senegal's Permanent Secretariat for Energy (PSE) signed a memorandum of understanding on January 25, 2023, to develop a green and natural hydrogen industry in Senegal, with the Ministry of Petroleum and Energy supporting the initiative.
• West African Big Green Deal (W.A.B.G.D.) FoundationcoreStrategic or Co-development Partner · 1 January 2022The W.A.B.G.D. Foundation, founded by Hydroma, aims to facilitate a competitive West African green and natural hydrogen sector by strengthening regulatory frameworks, developing skills, raising awareness, fostering public-private partnerships, and enabling international cooperation.
• Chapman Petroleum Engineering LtdcoreTechnology or IntegrationInternational technical partner providing engineering, geology, and geophysics expertise. Published the NI 51-101 report on estimated natural hydrogen reserves in 2020. Conducted exploration and characterization of natural hydrogen accumulations at Block 25, Mali.
• Geo4U / Alain PrinzhofercoreTechnology or IntegrationGeo4U (led by geochemist Alain Prinzhofer) served as scientific director for natural hydrogen exploration, contributing to the characterization of the spontaneously recharging natural hydrogen reservoirs at Bourakebougou, published in Nature Scientific Reports.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• McPhy Energy: French electrolyzer manufacturer and green hydrogen project developer. Comparable as a green hydrogen technology specialist with similar European/scale-up ambitions, although it does not operate natural hydrogen plays.
• Nel ASA: Norwegian electrolyzer supplier serving green hydrogen developers globally. Comparable as a downstream supplier to Hydroma's green hydrogen projects and a proxy for the broader green hydrogen investment thesis.

Broad incumbents

• Air Products: Largest global hydrogen producer and a major developer of blue and green hydrogen megaprojects. Comparable as a benchmark for hydrogen project development scale, economics, and offtake dynamics.
• Linde: Global industrial gases leader with significant hydrogen production and distribution operations. Comparable as a downstream offtake counterparty and as a benchmark for industrial hydrogen pricing and logistics.
• Yara International: World's largest ammonia producer and fertilizer company, actively pivoting to green and low-carbon ammonia. Broad incumbent comparable for the ammonia export and offtake pathway Hydroma is developing.

Direct peers

• HyTerra: ASX-listed white hydrogen exploration company with operations in Kansas and Nebraska. Direct peer pursuing natural hydrogen exploration and exploitation permits in a similar early-stage commercialization posture.
• Gold Hydrogen: Australian natural (white) hydrogen explorer actively drilling and testing white hydrogen plays. Direct peer in the white hydrogen exploration space, working to prove analogous subsurface accumulations and pursue first-mover permits.
• Natural Hydrogen Energy: France-based white hydrogen explorer with permits in France and the US (Kansas). Direct peer in natural hydrogen exploration with a comparable focus on subsurface H2 accumulation characterization.
• HDF Energy: French developer of multi-megawatt green hydrogen and ammonia projects, with a stated strategy of building hydrogen hubs in Africa and overseas. Most directly comparable to Hydroma in terms of green hydrogen project development targeting African and European export markets.
• Helios Aragon (subsidiary of Helios Energy): Subsidiary of Helios Energy pursuing natural hydrogen exploration in Spain (Ebro basin) and Australia. Direct peer in white hydrogen exploration targeting analogous sedimentary accumulations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hydroma-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries6 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 Hydroma Inc