Companies in EFuels
There are 659 companies in EFuels which include Lhyfe, Nel Hydrogen, Aemetis, Orsted, GPS Renewables. 298 companies in EFuels are funded, with 130 having secured Series A funding. Till date, the sector has seen the creation of 4 Unicorns. United States has the most number of companies in EFuels (149), followed by India
(80), and then United Kingdom (69).
On average, the last 10 years have seen 38 new companies launched every year. Most number of EFuels startups have been founded by alumni from Stanford University, Massachusetts Institute of Technology and University of Cambridge.
Here is a List of top companies in EFuels
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1. Lhyfe
Producer and supplier of renewable and green hydrogen for various applications. The company focuses on producing hydrogen using renewable energy sources and water. Hydrogen is produced while releasing only water and oxygen. Production units are connected with renewable energy sources. The company delivers hydrogen to cover users’ needs.
Key facts about Lhyfe
2. Nel Hydrogen
Manufacturer of electrolyser technology for renewable hydrogen production and related services. The company specializes in PEM and Alkaline electrolyser technology. Product offerings enable a green hydrogen economy, making it possible to decarbonize various industries. These industries include transportation, refining, steel, and ammonia production.
Key facts about Nel Hydrogen
- Founded Year: 1927
- Location: Oslo (Norway)
- Stage: Acquired
- Investors: Defense.gov, Vermögensclub and 4 Others
- Latest Funding Round: Grant (prize money), Oct 22, 2024, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 2 of 501 Competitors
3. Aemetis
Key facts about Aemetis
- Founded Year: 2006
- Location: Cupertino (United States)
- Stage: Public
- Investors: State of California, India Venture Partnership and 3 Others
- Latest Funding Round: Grant (prize money), Nov 20, 2020, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 1 of 290 Competitors
4. Orsted
Developer of renewable energy solutions including offshore wind, solar, and bioenergy. The company focuses on developing, constructing, and operating renewable energy projects. It offers expertise in energy trading, asset optimization, and risk management services. The company is involved in decarbonization, biodiversity protection, and community impact initiatives.
Key facts about Orsted
- Founded Year: 2006
- Location: Fredericia (Denmark)
- Stage: Acquired
- Investors: ELM Responsible Investments, Equinor and 2 Others
- Latest Funding Round: Post IPO, Dec 23, 2024, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 3 of 22 Competitors
Provider of biogas engineering and clean fuels technology solutions. It offers bespoke technology solutions for bio-process design and optimization, and biofuel engineering for various projects. The company executes end-to-end bioenergy project execution, encompassing design, engineering, project management, and procurement. It also develops industrial-scale decarbonization projects focused on biogas, bioCNG, ethanol, and green hydrogen. Additionally, it provides cost-efficient, high-performing technology products for upgrading existing biofuel systems.
Key facts about GPS Renewables
- Founded Year: 2012
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $20M
- Investors: Caspian, Triodos Investment Management and 18 Others
- Latest Funding Round: Conventional Debt, Mar 30, 2026, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 2 of 290 Competitors
