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Hystar competitors & alternatives
The 12 closest competitors and alternatives to Hystar among clean energy companies — ranked by similarity to what Hystar actually does, not by market-cap band.
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About Hystar
Hystar is a Norwegian cleantech company developing and manufacturing high-efficiency PEM electrolysers for green hydrogen production. Founded in 2020, the company operates a fully automated electrolyser factory located in Høvik, Norway.
Hystar at a glance
Hystar is a clean energy company headquartered in Norway. It has raised at least $62M across the 2 funding rounds on record. Its most recent funding round, Series C, raised $36M in May 2025. Xcout tracks 12 named people at Hystar, including Fredrik Mowill (CEO).
Hystar leadership
- Fredrik MowillCEO
- Bente TraaChief Operating Officer
- Alexandra ShabashevaChief of Staff & General Counsel
- Fredrik R. MowillCo- founder and CEO
- Alejandro Oyarce BarnettCo-founder and Chief Technology Officer
- Magnus ThomassenCo-founder and Chief Product Officer
6 more named people on record for Hystar, with roles, board committees and tenure — see the full roster →
Hystar funding rounds
At least $62M raised across the 2 rounds on record. Every round on record:
| Date | Round | Amount | Investors |
|---|---|---|---|
| Series C | $36M | 10 named | |
| Series C | $26M | 11 named |
Who invested in each round, lead investors, valuations and the co-investor graph — open the full funding history →
Top 12 Hystar competitors
Ranked by semantic similarity — how close each company is to Hystar by what it does, using Xcout's live company graph. Click any company for its full profile, or its competitor set.
Similar clean energy company
Stegra is a clean industrial company founded in 2020 with the purpose of decarbonizing hard-to-abate industries, beginning with green steel production. The company operates a modern green hydrogen and production facility in Boden, northern Sweden.
Renewable Energy
HydrogenPro is a global original equipment manufacturer that designs and produces high-pressure alkaline electrolyzers for renewable energy storage and industrial applications. The company's technology facilitates large-scale, zero-emission hydrogen production to support global energy transition and sustainability goals.
Clean Energy, Manufacturing
Cell Impact manufactures customized bipolar flow plates for hydrogen fuel cells and electrolyzers using its proprietary high-velocity forming technology. The company serves global customers in the hydrogen industry, offering design partnership, prototyping, and high-volume manufacturing capabilities.
Renewable Energy
Nel manufactures and provides industrial-scale hydrogen production equipment, specializing in alkaline and PEM electrolysers. The company serves industrial and energy sectors, including steel production, green ammonia, generator cooling, sustainable aviation fuel, and shipping.
Similar clean energy company
Electric Hydrogen is a U.S. clean-energy company that develops and manufactures electrolyzer systems for producing hydrogen using renewable electricity. Its technology is aimed at industrial and energy customers seeking lower-carbon hydrogen for applications such as ammonia, fuels, and other hard-to-abate processes.
Solar Hydrogen Technology
HySun is a Spanish company headquartered in Madrid that pioneers the production of 100% renewable hydrogen utilizing advanced solar-based technologies.
Similar clean energy company
HyFuels GmbH operates as an EPC provider supplying Power-to-X infrastructure for green and blue hydrogen production, covering the entire value chain from renewable energy installation to electrolysis, storage, utilization, and distribution. The company serves European customers across industry, transportation, housing, and electricity sectors by providing hydrogen-based solutions including property power supply, heating, and fleet management.
Similar clean energy company
Blue World Technologies is a developer and manufacturer of HT-PEM fuel cell components and systems for mobility, heavy-duty, maritime, and stationary applications.
Renewable Energy
Clean Power Hydrogen plc is a technology and manufacturing enterprise specializing in green hydrogen. The company focuses on developing advanced solutions for producing hydrogen and oxygen, prominently featuring its proprietary membrane-free electrolyser technology. This innovative system yields green hydrogen and oxygen of medical-grade purity. CPH2's offerings are utilized across a wide array of markets, including power, industry, manufacturing, transportation, commercial, retail, and hydroculture. Established in 2012 and headquartered in Doncaster, United Kingdom, the company operated as CPH2 Group PLC until its rebranding to Clean Power Hydrogen plc in October 2021.
Renewable Energy
Liquid Wind develops standardized eFuel facilities that convert green hydrogen and captured biogenic carbon dioxide into eMethanol. The company serves hard-to-abate sectors such as shipping and aviation by providing fossil-free liquid fuels to help them transition away from traditional energy sources.
Renewable Energy
H2APEX Group SCA is a leading developer and operator of green hydrogen solutions. The company and its subsidiaries operate as developers and manufacturers in the hydrogen specialist sector, with its registered office in Grevenmacher, Luxembourg.
Similar clean energy company
Endua is a clean technology company founded in 2021 and headquartered in Brisbane, Australia. The firm engineers and builds complete modular hydrogen production plants and electrolysis technology to enable rapid deployment of safe green energy.
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