# HydGene Renewables

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hydgene-renewables

- Industry: Renewable Energy
- Headquarters: Australia
- Website: www.hydgene.com
- Total disclosed funding: $4.1M
- Latest round: Seed (Jun 16, 2023)
- Investors on record: 4

## About

Based in New South Wales, Australia, and founded in 2021 by co-founders Louise Brown, Robert Willows, and Kerstin Petroll, HydGene Renewables provides alternative green hydrogen to reduce the adoption of low-carbon technology. HydGene's biocatalyst technology provides a renewable, carbon-negative solution that supports this global transition. In June 2023, HydGene Renewables raised AUD 6 million in seed funding led by investor Agronomics with participation from investors Clean Energy Finance Corp. (CEFC), Understorey Ventures, and NOAB Ventures.
 
HydGene produces green hydrogen, an eco-friendly energy source, by using microorganisms. Microorganisms, or biocatalysts, transform waste biomass into useful gases, including hydrogen and ammonia. The technology allows local hydrogen production, reducing costs associated with transportation and storage.

## Funding rounds

- Seed, Jun 16, 2023, $4.1M — CEFC, Agronomics Limited, NOAB Ventures, Understorey Ventures

## Investors

- CEFC — Seed
- Agronomics Limited (https://capitalatlas.ai/funds/agronomics-limited) — Seed
- NOAB Ventures (https://capitalatlas.ai/funds/noab-ventures) — Seed
- Understorey Ventures — Seed