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Hydrogen Mem-Tech

Energy · Trondheim, Norway · Founded 2017

Produces blue hydrogen from bio- and natural gas - and catches the CO₂ generated in the process MoreLess

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. Keywords: hydrogen separation, palladium membrane, hydrogen purification, biogas upgrading, natural gas reforming, carbon capture, ammonia cracking, hydrogen fuel cells, syngas processing, industrial gas separation, clean hydrogen, hydrogen economy, membrane technology, hydrogen recovery, decarbonization, energy transition, process intensification, gas purification, hydrogen infrastructure, palladium alloy

Company overview

Hydrogen Mem-Tech company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2017
Headquarters
Trondheim, Norway
Employees
15
Open positions
None listed
Dealroom signal
32.0
client focusb2btechnologyHardwaretechnologyDeep Techsub industryClean Energysub industryEnergy Providersbusiness modelManufacturingsectorHydrogensectorSpinoutsectorSustainable Development GoalssectorCarbon Capture and StoragesectorClimate TechsectorNordic Rising Star 2022sectorTop 50 Nordic Rising Star 2022 NorwaysectorHydrogen (Not Green)

Valuation & funding

Hydrogen Mem-Tech funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCEquity / VC Oct 2024 $6.9M $88M AP Ventures · Peak Sustainability Ventures
EARLY VCEquity / VC May 2022 $18M $70M Aramco Ventures · Shell Ventures · AP Ventures · Yara Growth Ventures
GRANTOther financing Dec 2021 $363K Innovation Norway · Eirik Brekke
GRANTOther financing Jun 2020 $424K Innovation Norway
DEBTDebt Mar 2018 $847K Innovation Norway
GRANTOther financing Jan 2018 Innovation Norway
SPINOUTOther financing Jan 2017 SINTEF TTO & Venture · SINTEF
Showing 7 recorded eventsUnlock the complete deal history →

Financials

Revenue, earnings and profit over time

Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.

YearRevenueGrowthProfitMargin
2026 $106K 0% −$5.9M -5627.4%
2025 $106K 0% −$5.9M -5627.4%
2024 $106K -14% −$5.9M -5627.4%
2023 $123K -9.2%
2022 $135K -84.8%
2021 $892K +48.2%
2020 $602K
Company filings, research estimates and Dealroom dataOpen the full financial model →

Growth signals

Hydrogen Mem-Tech website traffic

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.

Latest monthly visits2.3K 3-month web change-4.2% 1-year team growth-6.3%
Monthly website visits40 observations · Dec 2022–Jul 2026
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Comparisons

Hydrogen Mem-Tech compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Hydrogen Mem-Tech's talent

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Team profiled 9 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.

Investors

9 investors on Hydrogen Mem-Tech's cap table

Sourced from Dealroom's funding and investor records.

Seed 2 investors entered at this stage
Innovation Norway
Eirik Brekke
Series A 6 investors entered at this stage
Aramco Ventures
Shell Ventures
AP Ventures
Yara Growth Ventures
SINTEF TTO & Venture
Peak Sustainability Ventures
Other known 1 additional known investor
SINTEF

Global footprint

Where Hydrogen Mem-Tech has talent and traffic

Workforce by country
3 countries with
team presence
🇳🇴 Norway84.6%
🇧🇪 Belgium7.7%
🇬🇧 United Kingdom7.7%
3 countries shown

In the news

Latest news about Hydrogen Mem-Tech

Recent press, funding announcements, and product moves mentioning Hydrogen Mem-Tech — open to read from the original sources.

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Market sentiment

What the market is saying about Hydrogen Mem-Tech

An AI-synthesized read of the highest-engagement posts about Hydrogen Mem-Tech on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

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

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