HySiLabs Revenue and Competitors

In the course of reducing emissions to comply with the goals fixed by the European Union, hydrogen is foreseen as a key enabler to a low-carbon economy, especially in the industry and mobility sectors. Nevertheless, the existing barriers on storage, delivery and safety have to be overcome before. HySiLabs developed a breakthrough solution to facilitate hydrogen transportation and storage, by charging it in a safe liquid carrier. Hydrogen is charged into HydroSil, a liquid silicon hydride derivative, which is stable, non-toxic, non-explosive, has a long storage-life and is considered a non-dangerous good. Then, the gas is released on-demand at the consumption site. This solution allows the use of the same logistics as existing fossil fuel infrastructure and thus revolutionises the hydrogen delivery market. HySiLabs' breakthrough innovation has the potential to remove all barriers hindering the deployment of hydrogen solutions by tackling safety, regulations and supply chain issues. HySiLabs' innovation is characterised by the fact that hydrogen can be easily transported and stored. In liquid form, HydroSil can be carried everywhere without any specific restrictions and stored for long periods of time, just like conventional fuel. Furthermore, due to its high density, one truck of HydroSil transports seven times more hydrogen than by high pressure transportation, which reduces the operational costs for transportation and reduces the emissions related to hydrogen transportation.