About
Hydro X offers a hydrogen storage technology that utilizes a water-based carrier to safely and cost-effectively store and transport hydrogen. This technology operates at near-ambient conditions with 94% energy efficiency, lowering operational costs to under $1 per kg of hydrogen. It simplifies safety and compliance processes, presenting a less expensive and safer alternative for hydrogen projects compared to traditional methods, especially for long-term storage and long-distance transportation.
The technology supports a wide range of applications, from reducing carbon emissions in industries such as iron, steel, and petrochemicals to providing renewable energy storage solutions that enhance system resiliency and facilitate green energy distribution via trucks, ships, and railways. This broad applicability indicates the technology's utility in promoting sustainable energy practices across various sectors.
Funding history · 4 rounds · $4.5M total
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is Hydro X's core technology?
- Hydro X offers a hydrogen storage technology that uses a water-based carrier for safe and cost-effective storage and transportation of hydrogen. This technology operates at near-ambient conditions with 94% energy efficiency.
- When was Hydro X founded and what was its former name?
- Hydro X was founded in January 2016 and was formerly known as NrgStorEdge.
- What was Hydro X's first funding round?
- In January 2016, Hydro X raised a Pre-Seed round with OSEG as a lead investor. For full financing history, please refer to startupim.
- When did Hydro X receive its most recent Series A funding?
- Hydro X received a Series A funding round in April 2023, raising $1,500,000. For full financing history, please refer to startupim.
- How many employees does Hydro X currently have?
- Hydro X currently has between 11 and 50 employees, with an exact count of 21.
- What grant did Hydro X receive and when?
- In January 2018, Hydro X received a grant from the IIA (Israel Innovation Authority).
- What award did Hydro X win in October 2022?
- In October 2022, Hydro X won the first prize of the Germany Startup Contest.
- Who are the founders of Hydro X?
- The founders of Hydro X are Asa Ziv, Yoel Sasson, and Ariel Givant.
- What is one of Hydro X's key applications for its technology?
- One key application is hydrogen stationary storage, providing safe, efficient, and scalable solutions for grid balancing, backup power, and renewable energy integration.