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TES

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Building world’s largest hydrogen projects to accelerate the energy transition

Evere, BelgiumFounded 2019Energy
Valuation $500M–1B Last recorded · 2024
Headcount 100–500 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for TES and the history behind them.

About TES

TES-H2 is a pioneering startup in the renewable energy sector, aiming to revolutionize the global energy market by decarbonizing it. The company's primary focus is on the production of green hydrogen and e-NG (electric natural gas), a hydrogen-based fuel. The process involves placing solar panels and wind turbines in the world's sunniest and windiest places to generate renewable energy, which is then used to produce green hydrogen. This hydrogen is combined with recycled CO2 to create e-NG.

TES-H2's business model is designed to leverage existing infrastructure, making it a practical and immediate solution for reducing global emissions. The company's e-NG is a drop-in fuel, meaning it can be used in place of traditional fuels without the need for any modifications to the existing infrastructure. This makes it a readily usable option for industrial, shipping, and transportation clients who are looking to reduce their carbon footprint.

The company operates in the renewable energy market, serving clients who are conscious about their environmental impact and are looking for reliable and affordable green energy solutions. TES-H2's approach to generating green energy aligns with the EU's proposed 2040 Climate Target and Industrial Carbon Management communications, making it a viable option for clients operating in regions with strict environmental regulations.

TES-H2's revenue model is based on the sale of its green hydrogen and e-NG to its clients. The company also plans to undertake giga-scale projects to democratize access to green energy, further expanding its customer base and revenue streams.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Evere, Belgium
Employees
238
Open positions
1
Dealroom signal
67.0/100
Industry
Energy
Sub-industry
Clean Energy
Sector
Energy, Hydrogen, Sustainable Development Goals, Energy Infrastructure Project, Climate Tech, Green Hydrogen, Hydrogen Production, Hard Tech
Business model
Manufacturing
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Apr 2024 $154M $616M HSBC · E.ON · Azimut Group · Fortescue ↗
GROWTH EQUITY VCOther financing Jul 2022 $72M — HSBC · E.ON · Zodiac Maritime Agencies · UniCredit ↗
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

Growth signals

TES website traffic

Latest recorded traffic for TES is 7.8K monthly website visits, down 40% over the last three months. TES's team declined 6.3% over the past year.

Latest monthly visits7.8K 3-month web change-40% 1-year team growth-6.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Investments and acquisitions

Capital deployed

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

Investors

8 investors on the cap table

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

Series B and later8 investors entered at this stage

  • HSBC
  • E.ON
  • Zodiac Maritime Agencies
  • UniCredit
  • Azimut Group
  • Fortescue
  • O.G. Energy
  • Zhero
Team profiled 13 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 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
20 countries with
team presence
🇩🇪 Germany24.7%
🇧🇪 Belgium14.6%
🇺🇸 United States13.5%
🇨🇦 Canada13.5%
🇳🇱 Netherlands6.7%
Top 5 of 20 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about TES 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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