H2Gen is a leading manufacturer of small
scale hydrogen generation machines based
on steam methane reforming. H2Gen has
unique efficient small scale machines
with low operating cost and a pay back
time of about 3-4 years.



Chrysalix take: Wal Van Lierop


1.What is the insight that led to Chrysalix investing?

Chrysalix invested in 2001 when it was anticipated that fuel cell cars would hit the roads later in the decade. H2Gen would be an interesting infrastructure play helping to roll out the hydrogen economy. Unfortunately that hasn’t happened, but H2Gen’s excellent management team subsequently developed an attractive revenue stream in the traditional industrial gas market. Today the company also sells hydrogen clean up and purification equipment (PSA and MARS systems) and they are developing small scale machines for gas-to-liquids applications which will likely be very interesting for operators of small to medium size oil and gas wells.


2. What is the company’s biggest strength?

The company has scaled down large industrial processes into a small footprint allowing distributed hydrogen production and purification wherever the client needs it.


3. What is the implication of this company being successful?

Its products help save costs for industries and companies all over the world in a reliable way. Its gas-to-liquids program could help capture the massive volumes of gas flared all over the world in medium and small size oil fields. No solution exist for that today, while on a global basis we flare annually more than the total energy consumption of France and Germany combined. That is an enormous opportunity with a hugely positive environmental impact.



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