Its roles Owner Developer
Hy2gen AG is a Germany-based company that develops, finances, builds and operates plants producing green hydrogen and hydrogen-derived e-fuels via water electrolysis powered by renewable electricity. It focuses on industrial-scale projects and long-term supply solutions for hard-to-abate sectors.
The company’s portfolio includes green hydrogen and derivatives such as e-methanol, ammonia, and e-kerosene/sustainable aviation fuel, serving applications in aviation, maritime shipping, road transport and the chemical industry. Its projects combine electrolysis with carbon capture and synthesis routes (including methanol-to-jet) to provide low-carbon fuels and feedstocks. Headquartered in Wiesbaden, Hy2gen develops projects across Europe and North America with industrial offtakers, technology providers and regional partners to replace fossil-based hydrogen and fuels with renewable alternatives.
chemXplore tracks 2 projects involving Hy2gen, of which 2 are active.
Closest to start-up first.
Q3 revenue rose >10% y/y and company remains on track for ~15–16% full‑year growth; Q3 net cash usage ≈ $28M with ≈ $134M cash on hand; margin improvement and an ~$8bn electrolyzer pipeline.
Sequential revenue growth, gross-margin expansion to breakeven, operating costs cut ~50%, raised 2026 revenue guidance to 15–16% and targets positive EBITDAS in Q4.
The project aims to produce 75,000 tons of e-SAF annually by 2030, using green hydrogen and CO2, supporting Europe's decarbonization goals and sustainable aviation.
Plug plans three green hydrogen plants in Finland, producing 850 TPD by 2030. Projects will support ammonia, green steel, and local mobility, creating 1,000 direct and 3,000 indirect jobs.
