H2Vector
Energy management systems based on green hydrogen production and energy supply in stationary and mobile applications.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | €100k | Seed | |
| Total Funding | 000k | ||
| EUR | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 129 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | 1 % | - |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
H2Vector, established in 2019, is a technology company focused on advancing the energy transition through green hydrogen solutions. The company was founded by a team of professionals with backgrounds in energy project development and applied materials research, with Miguelangel Ocando serving as CEO. Based in Asturias, Spain, H2Vector aims to address the need for a clean and geopolitically stable energy carrier to balance renewable energy production and consumption.
The core of H2Vector's business is the design, development, and management of hydrogen-based energy systems. The company manufactures modular energy management systems that utilize green hydrogen and fuel cells for both stationary and mobile applications. Its product lineup includes the 'Vector Series' hydrogen battery, which stores surplus renewable energy and delivers it as electricity, heat, or compressed hydrogen. Additionally, the company produces the 'PET Series' fuel cell systems for green power supply and the 'Vector2DYNA' hydrogen dispenser to facilitate hydrogen mobility. These products serve a diverse client base across industrial, mobility, and residential sectors, including applications in industrial machinery, hotels, data centers, and as replacements for diesel generators.
Revenue is generated through the sale of its hydrogen energy systems and has been supported by over €320,000 in co-financed projects with public entities. The company operates on a venture capital-backed model, securing a seed round of $371K on January 1, 2023, with Exolum Group as a key investor. This partnership is part of Exolum's open innovation strategy to integrate new decarbonization technologies. H2Vector is actively engaged in research and development, exploring new methods for green hydrogen storage and transport, such as through organic liquids and solid compounds in its DAHSS Energy Project. Recent milestones include the commissioning of a Vector10 unit for the University of Seville in May 2024 and the development of a hydrogen refueling station in April 2024.
Keywords: green hydrogen, energy storage, fuel cells, decarbonization, renewable energy systems, hydrogen battery, stationary power, mobile power applications, energy transition, cleantech, hydrogen mobility, hydrogen refueling station, energy management systems, alternative energy, electrolyzer technology, sustainable energy, hydrogen transport, hydrogen generation, power-to-gas, Asturias startup