About Hgen
Hgen provides clean hydrogen solutions to help decarbonize heavy industries that consume large amounts of energy and produce high carbon emissions. The company focuses on producing and distributing hydrogen, which serves as a clean energy alternative for its clients. By using hydrogen, industries can lower their carbon footprints and meet environmental regulations. Hgen generates revenue through long-term contracts with various industrial sectors, including manufacturing, transportation, and energy production. This positions Hgen as an important contributor to the shift towards sustainable energy sources.
Los Angeles, CaliforniaHeadquarters
2021Year Founded
$6.8MTotal Funding
SEEDCompany Stage
Industrial & Manufacturing, EnergyIndustries
1-10Employees
Risks
Competition from established energy giants threatens Hgen's market share in green hydrogen.
Technological advancements by competitors may outpace Hgen's hydrogen storage capabilities.
Fluctuations in government subsidies could impact Hgen's financial stability.
Differentiation
Hgen offers affordable green hydrogen for deep decarbonization of heavy industries.
The company focuses on hydrogen solutions for high energy consumption and carbon emission sectors.
Hgen's business model includes long-term contracts with diverse industrial clients.
Upsides
Hgen raised $5M to commercialize high-efficiency alkaline electrolyzers, reducing hydrogen production costs.
SpaceX and Tesla invested $2M in Hgen, boosting credibility and financial resources.
EU funding initiatives for green hydrogen projects could support Hgen's European expansion.
Funding
Total raised$6.81 M
Latest valuation$25.00 M
StageSEED
$5
$25.00 M