The European Hydrogen Valleys 2024 Investment Program, designed to foster meaningful connections, strategic partnerships, and co-investments within the hydrogen sector, culminated in a highly anticipated onsite event held on 5-6 September in Riga, Latvia. The event served as a platform for some of Europe’s most promising hydrogen-focused startups to showcase their innovative solutions to leading investors and industry experts. Find more key data related to the program HERE.
With over €12 billion in total investments contributed by participating investors in the past, the program stands as a pivotal force in the green energy transition. The selected companies, which have already collectively raised €139 million, demonstrated groundbreaking technologies that aim to address the challenges and opportunities within the hydrogen sector.
Twenty-nine companies were chosen to pitch their solutions to investors after being selected by an active panel of investors from a competitive pool of applicants. These emerging companies are working on a diverse array of technologies and approaches aimed at accelerating the adoption of hydrogen as a critical component of the global energy transition.
Spotlight on Innovation
A key moment of the event was the awarding of eight companies for their innovative solutions and compelling presentations. Chosen by a jury of experts and investors, these companies have the potential to transform the hydrogen industry with their cutting-edge technologies and business models. Below is a closer look at the companies that earned top recognition:
Atmen is a SaaS Platform that enables energy-intensive goods producers to easily and continuously certify their production as green, saving up to 90% time in the process, starting with hydrogen and e-fuels site developers and operators.
Green Independence is a climate tech startup focused on decentralizing green energy production and storage through low-cost Green Hydrogen, using its New Artificial Leaf (NAL) technology to accelerate the transition away from fossil fuels and democratize renewable energy access.
Hydrofy helps fleet operators transition to hydrogen-based mobility by pooling demand, enabling economies of scale for infrastructure and connecting them with vehicle manufacturers, importers and service providers through its platform.
Naco Technologies enhances hydrogen systems with cost-efficient, future-proof nano coatings that prevent corrosion, improve robustness and offer material flexibility, positioning them for the growing green hydrogen market.
Norwegian Hydrogen drives the green transition by developing and operating green hydrogen production, distribution and refuelling infrastructure, primarily serving heavy-duty transport, industry, and maritime sectors.
Sakowin is a deeptech company developing CO2-free, low-cost hydrogen production modules using methane plasmalysis, a sustainable process that requires less electricity than electrolysis, emits no carbon dioxide and delivers a negative carbon footprint when using biomethane.
Stargate Hydrogen delivers turnkey solutions for global hydrogen projects, aiming to reduce carbon emissions in industries like steelmaking and chemicals through affordable green hydrogen, powered by its innovative Stardust catalyst that enhances electrolysis efficiency and cuts capital costs.
STOFF2 develops and builds innovative electrolyzers with integrated energy storage which produce secure, cost-effective green hydrogen, providing a steady supply to decarbonize hard-to-abate sectors and ensure energy independence without carbon emissions.
The European Hydrogen Valleys 2024 Investment Program has not only highlighted the innovation potential within the hydrogen sector but also laid the groundwork for future partnerships and investments. The selected companies are positioned to drive the industry forward, addressing the urgent need for scalable, sustainable energy solutions that will be critical in combating climate change.
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