Spanish company Hysun, specialised in clean hydrogen production from solar energy, has closed a funding round of €3 million with the support of leading international and national investors.
The transaction brings in new partners Equinor Ventures – the corporate venture capital arm of the international energy company Equinor, committed to long-term value creation in a low-carbon future – and Axon Partners Group, through its NTV fund supported by Ventures EPM of the multilatina utility EPM. Axon is a venture capital firm with extensive experience in disruptive technologies. They join the round alongside global cleantech leader InnoEnergy, and founders NANOGAP and Tewer Engineering. The deal was advised by the law firm Tribeca Abogados.
The funding will be used to validate Hysun’s technology in a real-world environment through a prototype installed at the Plataforma Solar de Almería, a decisive step toward advancing green hydrogen production at competitive costs compared to grey hydrogen – the most widely used in industry today.
According to the European Hydrogen Observatory, producing green hydrogen via electrolysis currently costs between €6 and €8/kg, compared to €1–2/kg for grey hydrogen. Hysun’s new technology, which produces 100% renewable hydrogen without using electricity, aims to position green hydrogen within a competitive cost range that will accelerate its industrial adoption.
In the words of Álvaro Pascual, Senior Associate at Axon Partners Group: “We are delighted to join Hysun, an outstanding founding team with the ability to revitalize hydrogen as an energy vector, at a time when its viability is being widely questioned”. For his part, Børre Stokholm, Investment Director at Equinor Ventures, adds: “We are pleased to join Hysun in the validation and testing of its technology. If successful, this could be a game-changer for hydrogen
The support of leading investors, such as Equinor Ventures and Axon Partners Group, provides not only capital but also strategic and industrial expertise, enabling Hysun to accelerate its development and unlock new growth opportunities in a market key to the energy transition.
