The Hydrogen Stream: HYDGEN Raises $5 Million to Deliver Industrial-Scale Green Hydrogen On-Site and On-Demand

The investment, led by energy transition-focused venture capital firm Transition VC, will accelerate HYDGEN’s efforts to make ultra-pure, cost-efficient hydrogen available directly at the point of use through its anion exchange membrane (AEM) electrolyzer technology.

HYDGEN, a deeptech innovator pioneering industrial-scale green hydrogen generation, has raised US$5 million in a mix of equity and debt round led by Transition VC, with participation from Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and strategic family offices from India and Singapore.

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With this fundraise, HYDGEN will upgrade its production facility in Mangalore to a semi-automated manufacturing line; enhance its single-stack capacity to 250 kW; and expand its footprint in Japan, Europe, and the Middle East, where industrial hydrogen adoption and policy support are growing rapidly.

Woodside Energy said its 1.1 million tonnes per annum (MTPA) Beaumont New Ammonia Project is 97% complete, with Phase 1 targeting first ammonia production from late 2025. The company defines the project in Texas as “one of the world’s first ammonia plants paired with auto thermal reforming with 95% carbon dioxide capture.”

Woodside Energy also confirmed that it is working on its Hydrogen Refueller in Perth, Western Australia, collaborating with Japan Suiso Energy and Kansai Electric Power to develop a liquid hydrogen supply chain between Australia and Japan.

Australia and India held the 5th Meeting of the India-Australia Energy Dialogue in New Delhi, discussing cooperation on energy efficiency and enabling technologies, recognizing the role of green hydrogen.

Daimler Truck, Hamburger Hafen und Logistik (HHLA), and Kawasaki Heavy Industries signed a Memorandum of Understanding to explore developing a green hydrogen supply chain via the Port of Hamburg to the European hinterland.

Austria is investing 275 million euros in four national hydrogen projects and advancing the Hydrogen Southern Corridor, a pipeline connection from North Africa via Italy and Austria to Central Europe.