When was HyET group founded?

HyET group was founded in 2008 and raised its 1st funding round 8 years after it was founded.

Where is HyET group located?

HyET group is headquartered in Arnhem, Netherlands.

How many employees does HyET group have?

As of Jul 31, 2026, the latest employee count at HyET group is 11.

Is HyET group a funded company?

HyET group is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Oct 01, 2016.

When was the latest funding round of HyET group?

HyET group's latest funding was a $***** Series A round on Mar 2018, with participation from 1 investor.

Where does HyET group rank among its competitors?

HyET group ranks 74th amongst 968 active competitors, of which 133 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Hygenco, which secured $105M in Jun, 2026.

Who are the top competitors of HyET group?

HyET group's top competitors include Lhyfe, Nel Hydrogen and Orsted. Among them, Hygenco secured the most recent funding round in June, 2026.

HyET group - 2026 Company Profile, Funding & Competitors

HyET group is an acquired company based in Arnhem (Netherlands), founded in 2008. It operates as a Developer of technologies for renewable energy, hydrogen production, and lithium batteries. HyET group has raised an undisclosed amount in funding from AP Ventures. The company has 968 active competitors, including 133 funded and 43 that have exited. Its top competitors include companies like Lhyfe, Nel Hydrogen and Orsted.

Company Details

Developer of technologies for renewable energy, hydrogen production, and lithium batteries. The company focuses on creating commercially viable access to decentralized renewable energy sources. It develops technologies for solar photovoltaic, green hydrogen production, and solid-state lithium-ion batteries. The company aims to support environmentally sustainable economic development through its technology applications.

Website: www.hyetgroup.com/
Email ID: *****@hyetsolar.com
Phone Number: +31 **********

Key Metrics

Founded Year

2008

Location

Arnhem, Netherlands

Stage

Acquired

Latest Funding Round

Series A, Mar 2018, $*****

Investors

AP Ventures & 1 more

Ranked

74^th among 968 active competitors

Employee Count

11 as on Jul 31, 2026

Similar Companies

Heliogen & 19 more

Exit Details

Acquired by Fortescue Metals (Oct 07, 2021)

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HyET group got acquired by Fortescue Metals on Oct 07, 2021.

Click here to take a look at HyET group's acquisition in detail

HyET group has raised funding over 2 rounds. Its first funding round was on Oct 01, 2016. Its latest funding round was a Series A round on Mar 2018 for $*****. 1 investor participated in its latest round. HyET group has 2 institutional investors.

Here is the list of recent funding rounds of HyET group:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 2018	4677074	Series A	6943855	4246496	2121164	9943190
Oct 01, 2016	5139606	Grant (prize money)	9860899	2759163	4082293	Europa

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View details of HyET group's funding rounds and investors

HyET group's employee count trend

HyET group has 11 employees as of Jul 26. Here is HyET group's employee count trend over the years:

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Top competitors of HyET group include Lhyfe, Nel Hydrogen and Orsted. Here is the list of Top 10 competitors of HyET group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lhyfe 2017, Nantes (France), Public	Manufacturer of renewable hydrogen produced through water electrolysis and electricity	$96.9M	Andera Partners, Bpifrance & 12 others	71/100
2nd	Nel Hydrogen 1927, Oslo (Norway), Acquired	Manufacturer of electrolyser technology for renewable hydrogen production and related services	-	Defense.gov, Vermögensclub & 4 others	69/100
3rd	Orsted 2006, Fredericia (Denmark), Acquired	Developer and operator of offshore wind farms and energy assets	-	ELM Responsible Investments, Equinor & 2 others	68/100
4th	Heliogen 2013, Pasadena (United States), Acquired	Producer of hydrogen and syngas using sunlight	$111M	Prime Movers Lab, ArcelorMittal & 23 others	66/100
5th	Hygenco 2020, Gurugram (India), Series C	Provider of green hydrogen and green ammonia production and distribution solutions	$130M	Neev Fund, IFC & 9 others	66/100
6th	GeoPura 2019, Newcastle Upon Tyne (United Kingdom), Acquired	Manufacturer of hydrogen power units for clean energy generation systems	$125M	GM Ventures, UK Infrastructure Bank & 10 others	65/100
7th	Monolith 2012, Lincoln (United States), Series D	Manufacturer of carbon black and hydrogen products for various industrial uses	$593M	Cornell Capital, TPG & 11 others	64/100
8th	H3 Dynamics 2015, Singapore (Singapore), Series B	Provides aerial inspection services using drones	$39M	ACA Investments, Sumitomo Mitsui Banking Corporation ... & 13 others	64/100
9th	Electric Hydrogen 2020, San Carlos (United States), Series C	Manufacturer of advanced electrolyzer systems for clean hydrogen production solutions	$603M	Fifth Wall, Energy Impact Partners & 26 others	64/100
10th	H2PRO 2019, Caesarea (Israel), Series B	Developer of technology for producing hydrogen from water	$180M	ArcelorMittal, Temasek & 24 others	64/100
74th	HyET group 2008, Arnhem (Netherlands), Acquired	Developer of technologies for renewable energy, hydrogen production, and lithium batteries	-	AP Ventures, Europa	47/100