Hydrexia

About

Hydrexia provides integrated hydrogen technology across production, storage, transport and utilization and manufactures magnesium‑alloy hydride solid storage systems (fixed or mobile) that release hydrogen on heating for industrial users.

Mission

Hydrexia is an integrated hydrogen technology solution provider headquartered in Shanghai, China, led by chairman and CEO Alex Fang. The company offers technology solutions across hydrogen production, storage, transportation and utilization with global reach. The business plans to use newly raised capital to enhance R&D and product delivery capabilities. Hydrexia completed its Series D private equity financing, marking a total of four private equity financings over the past seven years. The company’s financing history and stated use of proceeds indicate a focus on technology development and scaling product delivery. HYDREXIA, founded in 2006 and based in Brisbane, is a spin-off of the University of Queensland. The company has developed hydrogen storage technology using a new magnesium alloy in a solid form called ""hydride."" The new alloy is intended to lower production costs compared with prior magnesium-hydride approaches while offering higher storage density. The technology can be produced as fixed or mobile stocks; stored hydrogen is released by heating the alloy and the materials support thousands of cycles. HYDREXIA is targeting industrial hydrogen markets such as glass, steel and chemicals, and Air Liquide noted it could deliver hydrogen stored as hydride to customers rather than in cylinders or bulk. The company received an equity investment from Air Liquide's investment subsidiary ALIAD (amount undisclosed).

Quick Facts