Wednesday, September 28, 2022
Home Tech News 5 UK startups looking to capitalise on hydrogen

5 UK startups looking to capitalise on hydrogen

Hydrogen technology is still very much in its early days but has the potential to be used in day-to-day life, meaning many startups are creating a business around it.

Combining hydrogen with oxygen atoms can produce electricity with the only excess products being water and heat. Compared to electricity it is quicker to replace.

Like many early-stage technologies, the issues plaguing hydrogen’s wider-scale adoption is availability, as well as the cost to produce and purchase the fuel.

The government has outlined in the UK hydrogen strategy the goal of having a 10GW of low carbon hydrogen production capacity by 2030.

UKTN has comprised this list of 5 UK startups to look out for that are looking to take advantage of hydrogen.

Tevva

Founded: 2012

Headquarters: London

Funding: $140m (£121m)

Tevva is a manufacturer of electric trucks, earlier this year the truck maker revealed its first hydrogen-electric truck, the first to be manufactured, designed, and mass-produced in the UK according to Tevva. The company raised £41m in a funding round in June to develop its all-electric and electric-hydrogen 7.5 tonne trucks.

The 7.5 tonne hydrogen truck has a range of 310 miles (499 km), it will be followed by a 12 tonne and 19 tonne version next year.

Bramble Energy

Founded: 2016

Headquarters: West Sussex

Funding: $53.6m (£46.2m)

Spun out of University College London and Imperial College London in 2016, Bramble Energy aims to make hydrogen fuel cells cheaper and easier to manufacture.

At the start of the year, it secured £35m in Series B funding to continue the commercial use of its tech.

Levidian

Founded: 2012

Headquarters: Cambridge

Funding: N/A

Levidian’s technology can turn methane into hydrogen and carbon without the need for catalysts or additives.

It signed an export deal worth £700m back in May with Zero Carbon Ventures with the aim of removing 500,000 tonnes of carbon dioxide equivalent (CO2e) in the UAE.

The company also produces graphene, through the process of plasma chemistry and uses methane as its main ingredient.

Octopus Energy

Founded: 2015

Headquarters: London

Funding: $1.7bn (£1.4bn)

A tech-forward utility company, Octopus Energy provides green energy to the UK, Germany, the USA, Japan, Spain, Italy, France and New Zealand.

Octopus Energy has previously announced its intentions to construct green hydrogen plants in the UK by 2030 in a £3bn investment with energy firm RES.

Last month it invested £35m from its fund in battery developer and solar power company Exagen. After raising £455m in July from shareholders and a pension fund.

Hiiroc

Founded: 2019

Headquarters: Hull, East Yorkshire

Funding: $34.3m (£29.6m)

Hiiroc has developed a method of turning biomethane, flare gas, and natural gas into hydrogen using thermal plasma electrolysis.

Production of the hydrogen is done through Hiiroc’s in-house made modular units and produces carbon as a by-product. This carbon has potential applications in car tyres, rubber, plastics and ink.

- Advertisment -

Most Popular

Former Calgary Dino now a rookie with NFL’s Los Angeles Chargers

Canadian Deane Leonard has certainly taken the path less travelled to the NFL’s Los Angeles Chargers. The 22-year-old cornerback is in his rookie season with...

‘Impact success!’ Nasa spacecraft smashes asteroid in first ever ‘planetary defence test’

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Nasa has successfully crashed a spacecraft into a small asteroid...

TikTok could face £27m fine for failing to protect children’s privacy

TikTok could face £27m fine for failing to protect children’s privacyInvestigation finds video-sharing app may have breached UK data protection law between 2018 and...

Eight states sue crypto lender Nexo over security sales and misleading marketing

/ New York’s attorney general alleges that the company’s Earn Interest Product was a security, one that the company wasn’t registered to sell,...