Latvia
HYGEN is a startup focused on revolutionizing gaseous fuels compression and refueling systems. The company's proprietary gas compression technology sets it apart, eliminating maintenance, breakdowns, and unnecessary redundancies in CNG, RNG, and H2 applications. Founded in 2009 and headquartered in Latvia, HYGEN is making strides in the energy and transportation industries.
The startup's flagship product, a fueling appliance for LCVs powered by renewable natural gas, is its current focus. This innovation enables businesses in the gas value chain to provide carbon-neutral and cost-effective biomethane to commercial fleets in a decentralized manner. This unique approach aligns with the increasing sustainability demands in the commercial transportation sector.
HYGEN's potential has garnered significant investor interest, with their last investment being a substantial $3.50M seed round from EIT InnoEnergy in 05 May 2015. This injection of funds reflects the confidence that investors have in HYGEN's disruptive technology and its potential to make a significant impact in the gaseous fuels market.
