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Industries
Industrial & Manufacturing
Energy
Company Size
1-10
Company Stage
Seed
Total Funding
$7M
Headquarters
Los Angeles, California
Founded
2021
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 as a clean energy alternative, which allows its clients to lower their carbon footprints and meet environmental regulations. Hgen generates revenue through long-term contracts with various industrial clients, including those in manufacturing, transportation, and energy production. What sets Hgen apart from its competitors is its dedicated focus on the heavy industry sector and its commitment to supporting the transition to sustainable energy sources.
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Total Funding
$7M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Hgen raises $5M to commercialize higher efficiency electrolyzer.
Hgen, a hydrogen startup, raised $5 million to accelerate commercialization of its alkaline electrolyzers with 20x higher volumetric power density, reducing the cost of hydrogen production.
At the same time, big companies nod towards green energy startups as well: Tesla and SpaceX invest $2 million in Hgen, a startup which works with production and distribution of hydrogen-based energy.
Hgen hopes its "whole widget" approach to hydrogen production can decarbonize heavy industry and long-haul shipping.
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Industries
Industrial & Manufacturing
Energy
Company Size
1-10
Company Stage
Seed
Total Funding
$7M
Headquarters
Los Angeles, California
Founded
2021
Find jobs on Simplify and start your career today