Norway
Gen2 Energy is a Norwegian startup with a mission to produce, distribute, and sell green hydrogen at scale. Established in 2019, the company focuses on developing an integrated value chain for green hydrogen production based on 100 percent renewable energy sources. Gen2 Energy aims to minimize its environmental footprint by targeting zero-emission production and minimal emissions in distribution.
The company's dedication to environmental sustainability is evident in its commitment to help renewable energy production companies maximize the utilization of their green power. Gen2 Energy plans to open a new market channel for "trapped" renewable energy, catering to a European customer base. This demonstrates their ambition to contribute to the expansion of the green energy sector.
In March 2022, Gen2 Energy received a significant kr150.00M Venture Round investment from HYCAP and HydrogenOne Capital. This capital injection highlights the confidence of these investors in Gen2 Energy's potential to revolutionize the green hydrogen sector. The funding will likely support the company's efforts to establish large-scale production capacity and an efficient logistics network.
Gen2 Energy's focus on providing Europe with clean, green hydrogen aligns with the growing demand for sustainable energy solutions. Additionally, their plans to develop an easy-to-use plug-and-play solution for end customers show a commitment to making green hydrogen accessible and cost-efficient. Overall, Gen2 Energy's strategic initiatives and recent venture funding position the company for significant growth and impact in the renewable energy industry.
