HydGene Renewables
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Industry challenge
HydGene addresses the urgent need for sustainable hydrogen production and effective biomass management across various sectors, including the agrifood sector, to help achieve global net-zero emissions by 2050. Currently, over 99% of hydrogen is derived from fossil fuels, significantly contributing to global emissions. Our HydGene biocatalyst technology converts biomass residues into green hydrogen, offering a renewable alternative to centralised, carbon-intensive hydrogen production methods. This process also provides a revenue stream from agricultural waste residues, which otherwise contribute to emissions through stubble burning practices and landfill disposal. Further, our solution offers on-site, on-demand hydrogen production, reducing transportation and storage challenges, and making it adaptable to various operational needs, thus overcoming barriers to the current hydrogen economy.
This transition to green chemicals is crucial for decarbonising major industries, including chemical manufacturing (ammonia, renewable methanol, diesel, and sustainable aviation fuels), heavy-duty transportation, and off-grid intermittent electricity generation. Supplying hydrogen to these sectors cumulatively represents a $200 billion market opportunity. Our technology adds value and promotes a circular economy by converting biomass residues into clean chemicals and energy on-site. By transforming waste into valuable resources, HydGene contributes to a more sustainable and environmentally friendly future.
Current opportunity
Having closed our Seed raise last June, we have expanded our team to 18 members, improved R&D capabilities, scaled up manufacturing operations, and reduced the unit economics of hydrogen to be cost-competitive in the market. We are currently building our in-house pilot capable of producing 1kg H2/day, which is sufficient for making 3kg of ammonia or powering a whole house for a day. We have partnerships for demonstrating our technology in the field at pilot scale in 2025 and plan to deploy our demo commercial plants by 2027. We have a potential commercial pipeline of more than 39,000 tonnes per annum of hydrogen production by 2028.
We are now seeking contractual commercial partnerships with businesses looking to secure green, low-cost hydrogen supply for their operations. We seek agri-businesses, co-op models, and regional agricultural hubs aiming to diversify and de-risk their revenue streams by aggregating and supplying their biomass residues to these industries. We are looking for Series A investors to join us on our mission, supporting our R&D and commercial operations to advance our hydrogen production technology.
Opportunity background
HydGene Renewables leverages Synthetic Biology to create a sustainable, circular economy from biomass waste. Converting diverse feedstocks, including agricultural, forestry, and municipal waste into 100% renewable, carbon-negative hydrogen on-site, this innovation minimizes the need for transportation and storage of hydrogen. H2 is produced at industrial rates and yields using a novel biocatalyst developed by HydGene founders at Macquarie University in 2017. The IP is protected by a provisional patent which is licensed exclusively to HydGene. Patents covering new IP related to the stabilisation of the biocatalyst, modularisation, and field use have also been filed.
Additional features and benefits of HydGene’s technology include:
HydGene Renewables is a female-led deep-tech team with over 50 years of combined expertise in Synthetic Biology, analytics, project & financial management, industry engagement, and entrepreneurial activities. The founding team has managed large industry collaborations and projects during their previous academic roles at Macquarie University. Notable achievements include securing a $6M seed raise, a $2.8M grant from ARENA, and a $1.1M BRII grant in 2021. Recognised as a Tech23 game-changing company and a recipient of the 2022 Climate Salad Climate Tech Newcomer Award, HydGene was also selected in the 2022 AgriFutures EvokeAg startup network and named one of 2023's top 100 HolonIQ ANZ climate tech companies.
Despite being pre-revenue, the team has significantly improved the hydrogen biocatalyst performance, enhanced yield, rate and feedstock versatility. The biocatalyst shows compatibility with over 130 different types of biomass feedstocks tested through collaborations with around 20 industry partners. These advancements position the technology competitively against fossil fuel-derived hydrogen.
Potential other applications
The technology extends beyond hydrogen production and can be used to create other green chemicals like ammonia, bioethanol and bioplastics. The company targets sectors with abundant biomass and limited access to affordable renewable energy and fuels, focusing on chemical manufacturing, energy, and transport.
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