H
Hydrogen Mem-Tech
Produces blue hydrogen from bio- and natural gas - and catches the CO₂ generated in the process
About Hydrogen Mem-Tech
Hydrogen Mem-Tech, established in Trondheim, Norway in 2017, is a company focused on hydrogen separation technology. Its foundation is built upon years of research and development on palladium membranes that originated within the energy company Reinertsen and SINTEF, one of Europe's largest independent research organizations. The company's core business involves designing and manufacturing compact and scalable palladium membrane separators that extract pure hydrogen from various gas streams, including natural gas and biogas. This patented technology utilizes an ultra-thin palladium alloy membrane which is exclusively selective to hydrogen, allowing it to separate ultra-pure hydrogen from other molecules with a recovery rate of up to 99%. The process also allows for the capture of carbon dioxide and other residual gases.
The company serves a global client base across a range of industries. Key markets include refineries for processes like hydrocracking and hydrotreating, as well as emerging sectors such as power generation and transport, where the technology is used for fuel cells in vehicles, trains, and ships. Hydrogen Mem-Tech is also exploring applications in ammonia cracking, which is gaining traction as a method for transporting hydrogen. The business model centers on the sale of these modular and low-maintenance hydrogen separation units, which are produced at their commercial facility completed in 2023. This facility was designed to increase production capacity tenfold. In March 2025, Hanne Martinussen, who has a PhD in electro-optics and extensive industrial experience, was appointed CEO, taking over from Thomas Reinertsen who had led the company for seven years. Martinussen previously served as the Chief Operating Officer.
Hydrogen Mem-Tech has attracted significant investment from major international players. Backers include Saudi Aramco Energy Ventures, Shell Ventures, Yara Growth Ventures, AP Ventures, and SINTEF Venture. These investments are being used to scale operations, further develop the separation technology with a goal of creating a unit with five times the current capacity, and expand into new markets, with a particular focus on India. The company's chairman is Thor Egil Five, a veteran in the early-phase investment scene.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2017
- Headquarters
- Trondheim, Norway
- Employees
- 15
- Open positions
- None listed
- Dealroom signal
- 32.0/100
- Sub-industry
- Clean Energy, Energy Providers
- Sector
- Energy, Hydrogen, Spinout, Sustainable Development Goals, Carbon Capture and Storage, Climate Tech, Nordic Rising Star 2022, Top 50 Nordic Rising Star 2022 Norway, Hydrogen (Not Green)
- Technology
- Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Oct 2024 | $6.9M | $88M | AP Ventures · Peak Sustainability Ventures | ↗ |
| EARLY VC✓Equity / VC | May 2022 | $18M | $70M | Aramco Ventures · Shell Ventures · AP Ventures · Yara Growth Ventures | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Hydrogen Mem-Tech is 2.3K monthly website visits, down 4.2% over the last three months. Hydrogen Mem-Tech's team declined 6.3% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Innovation Norway
Eirik Brekke
Series A6 investors entered at this stage
Aramco Ventures
Shell Ventures
AP Ventures
Yara Growth Ventures
SINTEF TTO & Venture
Peak Sustainability Ventures
Other known investors1 additional known investor
SINTEF
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Hydrogen Mem-Tech on X, ranked by likes and reposts, corporate channels excluded.
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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