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HSL Technologies

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Liquid carrier for safe hydrogen transport and storage

Aix-en-Provence, FranceFounded 2015Transportation
Valuation $5–10M Last recorded · 2023
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About HSL Technologies

HSL Technologies, formerly known as HySiLabs, is a French deeptech company founded in 2015 by Pierre-Emmanuel Casanova and Vincent Lôme. The company originated from a discovery at Aix-Marseille University of a molecule capable of releasing hydrogen spontaneously. This led to the development of their core product, HydroSil, a proprietary liquid hydrogen carrier. Corine Dubruel was appointed Executive President in 2022.

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HSL Technologies aims to solve the challenges of transporting and storing hydrogen safely and cost-effectively. HydroSil is a silica-based liquid carrier that allows hydrogen to be stored and transported at ambient temperature and pressure, using existing logistics infrastructure. A key feature of the technology is that while energy is needed to bind the hydrogen to the silica carrier, the release process requires no energy input, only water and a catalyst. This process is designed to be non-toxic and non-explosive, offering a safer alternative to high-pressure or cryogenic hydrogen storage. For every ton of hydrogen released, the process also creates 187 tons of silica, a byproduct that can be valorized for industrial applications, supporting a circular economy model.

The company targets industrial clients in the energy, mobility, and logistics sectors. Its business model focuses on providing solutions for several applications, including overseas hydrogen transport, strategic storage, maritime mobility, and supplying hydrogen refueling stations. HSL Technologies is deploying its technology through pilot programs across Europe with partners like the Port of Amsterdam and Helion Hydrogen Power. The company has secured significant funding, including a €15 million Series A round in 2023, with investors such as Equinor Ventures, the European Innovation Council Fund, and EDP Ventures.

Source: Dealroom company data

At a glance

Founded
2015
Headquarters
Aix-en-Provence, France
Sector
Transportation

Investors

14 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • European Innovation Council
  • EIT Climate KIC

Series A12 investors entered at this stage

  • Région Sud Investissement
  • Bpifrance
  • InnoEnergy
  • Paca Investissement
  • EIC Fund
  • Equinor Ventures
  • CAAP Creation
  • Kreaxi
  • EDP Ventures
  • PLD Automobile
  • Vopak
  • Exolum
Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇳🇴 Norway3%
1 country shown

Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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