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Hydrogen Mem-Tech

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

Trondheim, NorwayFounded 2017Energy
Valuation $50–100M Last recorded · 2024
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Hydrogen Mem-Tech and the history behind them.

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 data

At 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

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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 ↗
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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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%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

9 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

  • 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
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.

Global footprint

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

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Hydrogen Mem-Tech on X, ranked by likes and reposts, corporate channels excluded.

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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