Hydrexia
Company

Last deal

Amount

Series D

Stage

28.09.2023

Date

5

all rounds

$13.7M

Total amount

General

About Company
Hydrexia develops hydrogen storage systems using a proprietary magnesium alloy.

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founded date

01.01.2006

Number of employees

Company Type

For Profit

Last funding type

Series D

IPO status

Private

Description

The Australian company's high-density storage systems offer a safer and more cost-effective alternative to compressed gas systems, making them ideal for use in industries such as metals refining, food processing, pharmaceuticals, float glass production, and power plants. Hydrexia is focused on commercializing its technology in existing and emerging hydrogen storage markets, including industrial hydrogen storage and delivery, refueling infrastructure for hydrogen-fueled vehicles, and R&D and production of key equipment for hydrogen refueling stations. The company has already established partnerships with major global companies in the industrial gases and energy industries and is poised for continued growth and expansion.
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