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Hydrogen Attracts Over $1 Billion in VC Funding Per Crunchbase Data

Hydrogen technology startups have secured over $1 billion in venture investment in the past four months, according to Crunchbase data. This already surpasses two-thirds of last year’s total, and the surge includes several significant early-stage rounds, including:

  • Hysata: Last week, the Australian electrolyzer developer raised $110 million in a Series B co-led by BP Ventures and Templewater.
  • Koloma: Denver-based Koloma, focused on geologic hydrogen resources, secured $246 million in a Series B led by Khosla Ventures earlier this year.

READ MORE: Bill Gates Backs Stealth Startup with $91M for Hydrogen Revolution

Hydrogen energy startup investment didn’t peak in 2021. Instead, funding reached its highest in 2022 and is on track to surpass that this year.

Hydrogen-related startup funding investment

Notable Hydrogen Startups and Funding

Crunchbase data lists 13 well-funded hydrogen startups that raised significant capital recently. Collectively, they have secured $3.66 billion in equity funding, plus additional grant and debt financing. 

Key examples include:

  • HysetCo: Based in France, HysetCo operates hydrogen distribution stations and mobility services. It raised $216 million in April, managing a fleet of over 500 hydrogen vehicles and distributing nearly 30 tons of hydrogen monthly.
  • Ohmium: The Nevada-based company is manufacturing proton exchange membrane systems to produce pressurized, high-purity hydrogen. It secured $295 million in Series C in April last year. 
  • Tree Energy Solutions: This Brussels-based company closed a $150 million Series C in April to use renewable energy for generating green hydrogen, which it combines with recycled CO₂ to create e-NG.
  • ZeroAvia: The California-based developer of hydrogen-electric engines for zero-emission flight raised $116 million in a Series C in September. Airbus is the lead investor, along with United Airlines and Alaska Air Group.
  • Electric Hydrogen: This Massachusetts company raised $380 million in a Series C last October. It manufactures electrolyzers to produce hydrogen at the lowest cost and is the green hydrogen industry’s first unicorn.

A week ago, the US Department of Energy revealed its R&D priorities to cut clean hydrogen cost production, potentially at $1 per kilo by 2031.

READ MORE: DOE Sets Eyes on Cutting Clean Hydrogen Cost, $1/Kilo by 2031

Global Initiatives Driving Green Hydrogen Growth

Investors’ increasing interest in green hydrogen is driven by government incentives, technological advancements reducing costs, and favorable market conditions. This combination of factors suggests a promising future for low-emission hydrogen technologies, potentially marking a pivotal moment for the industry.

Data from Mckinsey & Company below shows that the hydrogen production capacity announced increased by 2030 (over 40%). This capacity is about 50% the volume necessary to be on track to net zero emissions.

clean hydrogen production announced by 2030
Source: McKinsey & Company

In April, the EU Commission approved a $380 million German scheme to enhance renewable hydrogen production. This groundbreaking initiative will be administered exclusively through the European Hydrogen Bank’s “Auctions-as-a-Service” tool.

The scheme supports the objectives of REPowerEU and The European Green Deal. It outlines a comprehensive strategy to reduce reliance on fossil fuels and transition to a net zero economy.

By fostering renewable hydrogen production, the scheme aims to decrease dependence on Russian fossil fuels and contribute to the EU’s green energy future.

India, the world’s 3rd largest polluter plans to be the largest producer and exporter of green hydrogen by setting ambitious milestones. According to the Indian Ministry of New and Renewable Energy, the key goals include:

  • Production Capacity: Establishing a capacity to produce at least 5 Million Metric Tonnes (MMT) of green hydrogen annually by 2030.
  • Global Demand: Aiming to drive global demand for green hydrogen and its derivatives, such as green ammonia, to nearly 100 MMT by 2030. India targets capturing 10% of the global market, with an annual export demand of about 10 MMT of green hydrogen/green ammonia.
  • Decarbonization: Mitigating 50 MMT of CO2 emissions annually through the implementation of green hydrogen initiatives.

In the Gulf region, Oman Energy Development’s subsidiary, Hydrom, hosted a second-round public auction for green hydrogen development in the Dhofar Governorate. Hydrom offers three prime blocks ranging from 340km² to 400km² in the Dhofar Governorate for green hydrogen production. The auction will leverage the region’s abundant renewable energy resources to build a robust green hydrogen industry in the sultanate.

The surge in venture investments in hydrogen technology startups highlights the sector’s growing momentum. With significant early-stage funding rounds and robust global initiatives, the future of green hydrogen looks promising.

The post Hydrogen Attracts Over $1 Billion in VC Funding Per Crunchbase Data appeared first on Carbon Credits.

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What DECARBON 2026 Reveals About the Industry’s Next Move

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Decarbon 2026

The oil and gas industry is moving from intention to action. With a focus on sustainability and operational advancements, this sector is investing in groundbreaking technologies to meet new demands. Find out how the Oil and Gas Decarbonisation Congress (DECARBON) 2026 is driving this transformation and reshaping the global energy landscape.

The oil and gas sector has grown weary of abstract discussions around decarbonisation, hydrogen’s future and other optimistic projections. Grand narratives have done little to solve real-world problems, and industry players are increasingly unwilling to indulge them. Instead, the focus is shifting toward practical, technology-based solutions, even if most are still in their early stages. These changes are a response to pressure for environmental accountability and a direct consequence of the sector’s underlying realities. Specifically, the finite nature of natural resources and the rising costs of extraction have compelled companies to adopt long-term strategies aimed at sustaining profitability and resilience. As a result, investments are finally beginning to flow where they matter most — into technologies that can both curb emissions and sharpen operational efficiency. Rhetoric, it seems, is losing ground to results.

The Oil and Gas Decarbonisation Congress (DECARBON) 2026, held on 9–10 February in Vösendorf, Austria brings together technical specialists, project leaders and technical specialists to examine the most relevant trends and practical approaches to reducing carbon emissions across the upstream, midstream and downstream sectors.

Low-Carbon Hydrogen: Infrastructure and Application

Hydrogen (H₂) is widely recognised as one of the most critical tools in global decarbonisation strategies. According to the International Energy Agency (IEA), low-carbon hydrogen production could reach 180 million tonnes per year by 2050, depending on infrastructure deployment and policy alignment.

While green hydrogen holds great promise, its implementation remains largely aspirational due to current cost barriers. As a result, discussions around hydrogen

must go beyond ideal scenarios to address the market situation. This is why the agenda of the Oil and Gas Decarbonisation Congress 2026 includes a range of hydrogen technologies that are particularly relevant today.

The Congress features a Leaders Panel addressing the development of efficient hydrogen infrastructure, green hydrogen value chain development and foundational processes in low-carbon hydrogen production. Among the speakers are Tamás Mérő, Head of Green Hydrogen Value Chain Management at MOL Group, and Fabio Ferrari, Head of the Circular Carbon and Integration Solutions Department at NextChem, along with other industry leaders.

Digitalisation and Operational Performance

Digital tools have reshaped asset management and environmental monitoring across the energy industry. Automation, AI and real-time analytics have helped reduce emissions, cut OPEX and increase system stability. According to recent reports, technology leaders like Siemens are using digital twins and AI-powered analytics to monitor emissions, optimise system performance and support decarbonisation efforts across various sectors.

This growing emphasis on digital innovation is further reflected in a roundtable session at DECARBON 2026, focused on the role of technology in advancing sustainability objectives. Mario Calado Industry Strategy Lead at Siemens AG, participates in the discussion and shares insights into how digital transformation could be realised. Complementing this, Florian Klein, Business Development Manager for Energy Transition at Linde Advanced Operations Solutions, outlines how companies applied advanced operations systems to reduce energy use and move towards an autonomous plant. Moreover, at the Congress delegates have a chance to learn more about machine learning powered optical gas imaging solutions, P2X technologies, satellite technology and many others.

Electrification in Upstream Operations

Electrification has proved an effective lever for reducing Scope 1 and Scope 2 emissions in upstream operations as it has improved energy management and reduced operational variability.

During the session focused on decarbonisation for upstream operations, Ali Aboosi (Business Development Manager at Chromalox) presents the deployment of electric process heating systems across production assets. Dr. Bo Fu, CEO of Oiler.ai, contributes insights on the machine-learning-powered optical gas imaging solution for real-time methane leak detection and quantification. Additionally, Fayez Al-Mezel, Business Planning Specialist at Kuwait Oil Company, take part in the discussion, offering energy transition strategies for the upstream sector.

Carbon Capture and Storage at Industrial Scale

Carbon Capture, Utilisation and Storage (CCUS) remained a priority for industrial decarbonisation. According to McKinsey & Company, CCUS capacity needs to increase more than 120 times by 2030 to align with global net-zero targets. Progress toward this goal is underway: as of the first quarter of 2025, global operational CCUS capacity reached just over 50 million tonnes of CO₂ per year, reflecting a year-on-year increase.

To showcase how these targets are being addressed in practice, the Closing Panel at DECARBON 2026 presents case-studies from active CCUS projects across Europe, with a focus on integration, commercial readiness and cross-sector collaboration.

Speakers included:

● Dr Marc Scherle, Project Manager, Business Development & Sales, Linde Engineering – Decarbonisation of process industry using Linde technologies

● Phillip Cooper, Project Director, Petrofac – Design of the Aramis CCS pipeline system

● Kleopatra Avraam, Strategic Planning Senior Director, DESFA – Overview of DESFA’s CCS Project, APOLLOCO2

● Andreas Grobler, Strategic CCUS Partnership Manager, Shell Deutschland – Case examples from Shell’s global operations

The discussions at DECARBON 2026 underscore a clear industry pivot: away from theoretical promises and toward credible solutions. Topics like hydrogen infrastructure, digital transformation, upstream electrification and CCUS must be actively evaluated and, in some cases, deployed. Faced with finite resources and

rising operational pressures, the sector is responding not with rhetoric, but with targeted investment in technologies that deliver measurable outcomes. The message of DECARBON 2026 is clear: decarbonisation is not a distant ambition — it’s a competitive edge, and it’s happening now.

As the Congress motto states, “Reimagine the future of energy”, this call remains relevant across all segments of the industry. Explore what’s next with DECARBON 2026: https://sh.bgs.group/39p

The post What DECARBON 2026 Reveals About the Industry’s Next Move appeared first on Carbon Credits.

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Three Streams, One Goal: DECARBON 2026 Unites the Oil and Gas Value Chain

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Decarbon 2026

At DECARBON 2026, leading companies come together to turn ambition into action — demonstrating the innovations and finding collaborations to drive the transition to a low-carbon future.

The oil and gas industry operates through highly complex systems in which upstream, midstream and downstream segments often follow distinct strategies and priorities. Upstream focuses on exploration and production efficiency, midstream prioritises secure and reliable supply routes, while downstream aims to enhance refining performance and reduce environmental impact. Aligning these three sectors towards a single goal — decarbonisation — remains one of the greatest challenges. Reducing emissions across exploration, transportation and refining requires technological innovation as well as cross-sector collaboration and consistent strategic alignment.

For these goals, the Oil & Gas Decarbonisation Congress (DECARBON) 2026 unites global industry leaders from the whole value chain to exchange practical insights and proven approaches that deliver measurable results. Throughout the Congress, companies across upstream, midstream and downstream share their experiences and innovations from P2X technologies and green hydrogen to AI-powered autonomous plants.

In the upstream-focused session, Kuwait Oil Company offers valuable perspectives on integrating energy transition strategies into exploration and production planning. Fayez Al-Mezel, Business Planning Specialist, delivers the presentation about the integration of energy transition into upstream strategies. He addresses key challenges such as capital-cost dispersion, technology readiness and infrastructure constraints. The speaker outlines mitigation measures, including modular pilot projects, standardised designs and verified data management. This approach demonstrates how strategic planning and transparent performance tracking translate decarbonisation ambitions into efficient, cost-competitive outcomes.

In the midstream discussion, LiveEO (Session Sponsor) highlights digital tools that enhance pipeline safety and sustainability. Nick Ferguson, Chief Evangelist, explains that satellite technology elevates pipeline safety. Drawing on a case study, he demonstrates that combining high-resolution satellite imagery with artificial intelligence enables the detection of 73% of previously unidentified threats and improves prediction accuracy by 80%, supporting proactive risk management and streamlined operations.

Kent participates in the dialogue dedicated to downstream decarbonisation, specifically low-carbon fuels and feedstock. Luigi Crolla, Head of Energy Transition Technologies, explores how integrating electrolytic hydrogen and Reverse Water Gas Shift (RWGS) technologies into waste-to-fuel processes enhances Sustainable Aviation Fuel (SAF) yield and reduces carbon intensity. While Kent operates across multiple energy transition domains, its contribution highlights the importance of technological integration in scaling sustainable fuel production.

By bringing together diverse organisations working across and beyond traditional sector boundaries, DECARBON 2026 creates a unified platform for forward-looking conversation. The Congress underscores that decarbonisation is not the responsibility of one stream alone but a coordinated transformation across the entire oil and gas value chain — from production to refining. Explore the full programme and speaker line-up at: https://sh.bgs.group/3hn

The post Three Streams, One Goal: DECARBON 2026 Unites the Oil and Gas Value Chain appeared first on Carbon Credits.

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ReNew Energy to Invest over $9 Billion to Boost Solar, Storage & Green Fuels in Andhra Pradesh

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ReNew Energy to Invest over $9 Billion to Boost Solar, Storage & Green Fuels in Andhra Pradesh

ReNew Energy Global Plc, an Indian renewable energy company, announced it will invest about US$9.33 billion (around ₹82,000 crore) in green energy projects in the southern state of Andhra Pradesh. This is one of the largest private investments in renewable energy in the region. The plan aims to expand India’s clean energy capacity while supporting local industries and jobs.

The investment will focus on key areas of renewable energy. This includes solar, wind, energy storage, and green fuel production. India is shifting from just power generation to a full renewable energy value chain. This multi-pronged approach highlights that change.

The Projects Included in the $9.33B Power Play

ReNew Energy’s projects in Andhra Pradesh are diverse. The company will set up a 6 GW solar ingot and wafer manufacturing plant. This facility will produce essential materials for solar panels. By making them locally, India can reduce its reliance on imports and strengthen its domestic solar industry.

In addition, the company will build a 2 GW pumped-hydro storage system. This storage will allow renewable energy to be saved when the sun isn’t shining or the wind isn’t blowing, making the electricity supply more reliable.

A green ammonia facility will also be built, producing around 300,000 tonnes per year. Green ammonia can be used as a cleaner fuel and for industrial purposes, helping reduce greenhouse gas emissions.

ReNew plans to develop 5 GW of hybrid renewable projects combining wind, solar, and battery storage. These projects aim to maximize energy output and efficiency. Together, all these efforts cover manufacturing, generation, storage, and newer forms of clean energy.

Benefits and Local Wins for Andhra Pradesh

Andhra Pradesh has set ambitious renewable energy targets. The state aims to achieve 78.5 GW of solar, 35 GW of wind, and 25 GWh of battery storage. ReNew Energy’s investment will help move the state closer to these goals.

Andhra Pradesh Renewable Energy Targets by 2029 (in GW)

The projects are expected to create over 10,000 jobs, both directly and indirectly. Jobs will vary from factory work at the solar plant to construction, operations, and maintenance of storage and hybrid projects. The investment will strengthen local supply chains. This gives businesses chances to provide materials, transport, and other services.

By producing solar wafers and ingots locally, the state can also reduce dependency on imported materials. This supports both energy security and the development of local industries.

Sumant Sinha, Founder, Chairman, and CEO, ReNew remarked during the announcement:

“ReNew has a long-standing presence in Andhra Pradesh and with this expansion we are bringing a fully integrated clean energy value chain to the state of Andhra Pradesh, from wafer to large-scale renewable projects and storage deployment…We appreciate the leadership and clear policy direction of the Government of Andhra Pradesh, which makes the state a natural partner in accelerating India’s energy transition and sustainable economic growth.”

Backing India’s Renewable Energy Ambitions

The world’s third-largest CO2 emitter has the following progress in its renewable power targets.

India clean energy progress
Source: DowntoEarth.org

Investments like ReNew Energy’s are essential to achieving this goal. They provide not just electricity but also infrastructure that supports the country’s shift away from coal and oil.

The company’s plans show that India is moving beyond simply building solar and wind farms. Making solar parts, building storage systems, and producing green fuels are key steps in creating a complete renewable energy ecosystem. This approach also strengthens India’s position in global renewable energy markets.

India power capacity by source type
Source: CEA and NPP

What are the Key Considerations?

ReNew Energy already operates wind and solar plants in Andhra Pradesh, including 717 MW of wind capacity and 60 MW of solar capacity. The new projects build on earlier investments of about ₹22,000 crore (US$2.5 billion) made in May.

The scale of the projects means careful planning is essential. Building factories and large storage systems requires land, permits, skilled workers, and strong infrastructure. Financing will also need to be managed carefully. It is not yet clear how much funding will come from company funds, loans, or government incentives.

Although the announcement is positive, implementing these projects will take years. The company, state authorities, and other stakeholders will need to work closely to ensure timely completion.

Cleaner Energy, Stronger Economy

The investment could bring both environmental and economic benefits for India. Cleaner electricity means lower greenhouse gas emissions. Local manufacturing reduces the need to import materials, which also lowers carbon footprints from transportation.

Economic benefits include job creation, skill development, and opportunities for local businesses. The green ammonia project could support industries that require cleaner fuels. Battery storage and hybrid projects can boost energy reliability. This benefits both households and industries.

ReNew Energy’s Emission Reduction Moves

ReNew Energy has strengthened its sustainability plans as it works toward becoming a net-zero company by 2040. The company aims to cut almost 90% of its total emissions from its 2022 levels, covering all scopes, including its supply chain.

The company is boosting energy efficiency at its sites. It’s also increasing clean power use and swapping out fossil-fuel equipment for electric options. It is also working with suppliers to adopt science-based climate targets and cleaner transport systems.

ReNew has made progress in recent years. In its latest reporting cycle, it reduced 18.2% of its Scope 1 and 2 emissions and helped avoid 18.6 million tonnes of CO₂ through its renewable projects.

ReNew Energy carbon emissions 2024 - 2025
Source: ReNew Energy

The company now gets 76% of its electricity from renewable sources. It has also saved over 540 million liters of water by focusing on conservation. ReNew’s targets are validated by the Science Based Targets initiative, reflecting stronger accountability and transparency.

Beyond emissions, ReNew also has broader environmental goals:

  • It aims to be water-positive by 2030 — meaning it gives back more clean water than it uses.

  • It targets zero waste to landfill in its operations.

  • It also aims to make a positive social impact, including having 30% women in its workforce and improving ESG

A Benchmark and Bold Step Toward a Low-Carbon India

If successful, ReNew Energy’s investment could serve as a model for other states in India. Private companies can invest in many areas of renewable energy. This includes manufacturing, generation, and storage. The size of the investment shows trust in India’s clean energy policies. It also highlights the country’s long-term renewable energy market.

ReNew Energy $9.33 billion investment in Andhra Pradesh is a big step for India’s renewable energy efforts. It includes solar manufacturing, storage systems, hybrid renewable projects, and green fuel production.

For the state, the projects offer job creation, energy security, and industrial growth. For India, they support national renewable energy targets and demonstrate the country’s commitment to cleaner energy.

The success of these projects will depend on execution, planning, and coordination among the company, governments, local communities, and supply chains. If done well, it could set a benchmark for future investments and contribute significantly to India’s transition toward a low-carbon economy. 

The post ReNew Energy to Invest over $9 Billion to Boost Solar, Storage & Green Fuels in Andhra Pradesh appeared first on Carbon Credits.

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