P2X Solutions - About the company
P2X Solutions is an acquired company based in Espoo (Finland), founded in 2020 by Herkko Plit. It operates as a Producer of green hydrogen and synthetic fuels. This company develops and operates industrial-scale production plants for green hydrogen and synthetic fuels such as methane, methanol, and ammonia. It delivers hydrogen plants on a turnkey basis and acts as a producer and distributor of these fuels. The company also provides expertise in project development and securing governmental support for infrastructure projects.. P2X Solutions has raised $25.2M in funding from Lifeline Ventures and Enersense, with last known valuation of $*****. The company has 500 active competitors, including 127 funded and 29 that have exited. Its top competitors include companies like Lhyfe, Nel Hydrogen and Orsted.
P2X Solutions's acquisition details
P2X Solutions got acquired by Alpiq on Apr 12, 2024 at an acquisition amount of $50.4M. It was facilitated by Bird & Bird.
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P2X Solutions's funding and investors
P2X Solutions has raised a total funding of $25.2M over 2 rounds. Its first funding round was on May 18, 2021. Its latest funding round was a Series A round on Dec 08, 2021 for $*****. 1 investor participated in its latest round. P2X Solutions has 3 institutional investors.
Here is the list of recent funding rounds of P2X Solutions:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 08, 2021 | 3609685 | Series A | 7738714 | 3159359 | 2026161 | 6965213 |
May 18, 2021 | 9795571 | Seed | 5601069 | 8508369 | 9794627 |
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P2X Solutions' founders and board of directors
Founder? Claim ProfileThe founders of P2X Solutions is Herkko Plit. Herkko Plit is the CEO of P2X Solutions.
Here are the details of P2X Solutions' key team members:
- Herkko Plit: Founder & CEO of P2X Solutions. Contact Info: 1 email address
View details of P2X Solutions's Founder profiles and Board Members
P2X Solutions' employee count trend
P2X Solutions has 6 employees as of Jul 24. Here is P2X Solutions's employee count trend over the years:
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P2X Solutions's Competitors and alternates
Top competitors of P2X Solutions include Lhyfe, Nel Hydrogen and Orsted. Here is the list of Top 10 competitors of P2X Solutions, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Producer and supplier of renewable and green hydrogen for various applications | $96.9M | 73/100 | ||
2nd | Nel Hydrogen 1927, Oslo (Norway), Acquired | Manufacturer of electrolyser technology for renewable hydrogen production and related services | - | 70/100 | |
3rd | Developer of renewable energy solutions including offshore wind, solar, and bioenergy | - | 68/100 | ||
4th |  Verdagy 2021, Moss Landing (United States), Series B | Provider of electrolyzers for hydrogen production | $98M | 66/100 | |
5th | Heliogen 2013, Pasadena (United States), Acquired | Producer of hydrogen and syngas using sunlight | $111M | 66/100 | |
6th |  Elyse Energy 2020, Lyon (France), Series A | Production of e-methanol and sustainable aviation fuel | $126M | 66/100 | |
7th |  Stargate Hydrogen 2020, Tallinn (Estonia), Series A | Manufacturer of alkaline electrolyser stacks and containerised hydrogen production systems | $56.3M | 66/100 | |
8th | H3 Dynamics 2015, Singapore (Singapore), Series B | Provides aerial inspection services using drones | $39M | 65/100 | |
9th |  Monolith 2012, Lincoln (United States), Series D | Manufacturer of carbon black and hydrogen products for various industrial uses | $593M | 65/100 | |
10th |  Electric Hydrogen 2020, San Carlos (United States), Series C | Manufacturer of advanced electrolyzer systems for clean hydrogen production solutions | $603M | 64/100 | |
68th | P2X Solutions 2020, Espoo (Finland), Acquired | Producer of green hydrogen and synthetic fuels. This company develops and operates industrial-scale production plants for green hydrogen and synthetic fuels such as methane, methanol, and ammonia. It delivers hydrogen plants on a turnkey basis and acts as a producer and distributor of these fuels. The company also provides expertise in project development and securing governmental support for infrastructure projects. | $25.2M | 48/100 |
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P2X Solutions's Investments and acquisitions
P2X Solutions has made no investments or acquisitions yet.
News related to P2X Solutions
Filter this listMedia has covered P2X Solutions for a total of 3 events in the last 1 year, 2 of them have been about partnerships and 1 about company updates.
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P2X Solutions and Sunfire Expand Partnership With New Hydrogen ProjectHydrogen Central•Oct 08, 2025•Sunfire, P2X Solutions
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Fortum and P2X Solutions Partner for Green Hydrogen Delivery from Kalla Test CenterEuropaWire•Jun 25, 2025•P2X Solutions, Fortum
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P2X obtains EUR-60m investment grant for Finnish e-methanol projectRenewables Now•Feb 27, 2025•P2X Solutions, Businessfinland, Europa, Savon Voima
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Finland's first industrial-scale green hydrogen plant goes into operationRenewable Energy Magazine•Feb 20, 2025•P2X Solutions, Sunfire
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P2X Solutions’ hydrogen plant in Finland starts commercial operationsOffshore Energy•Feb 13, 2025•P2X Solutions
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Enersense enters into a new partnership agreement with P2XCision•May 31, 2024•Enersense, P2X Solutions
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