P2X Solutions

Espoo, Finland Founded: 2020 • Age: 6 yrs Acquired By Alpiq
Producer of green hydrogen and synthetic fuels. This company develops and operates industrial-scale production plants for green hydrogen and synthetic fuels such as methane, methanol, and ammonia. It delivers hydrogen plants on a turnkey basis and acts as a producer and distributor of these fuels. The company also provides expertise in project development and securing governmental support for infrastructure projects.
Annual revenue - Latest available
Total funding $25.2M 2 rounds
Employees - Tracked headcount
Investors 3 Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

About P2X Solutions

P2X Solutions is a company based in Espoo (Finland) founded in 2020 by Herkko Plit was acquired by Alpiq in April 2024. P2X Solutions has raised $25.17 million across 2 funding rounds from investors including Alpiq, Enersense and Lifeline Ventures. P2X Solutions offers products and services including Green Hydrogen, Synthetic Fuels, and Hydrogen Plants. P2X Solutions operates in a competitive market with competitors including Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, among others.

  • Headquarter Espoo, Finland
  • Founders Herkko Plit
  • Sectors
    Energy & Utilities
    Transportation, Automotive & Logistics
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name P2x Solutions Oy
Operational Areas
Energy & Utilities → Renewable & Clean Energy Unlock Sub-Sector Unlock Segment
Energy & Utilities → Energy Storage & Efficiency Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Aviation Operations & Infrastructure Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $25.17 M (USD)

    in 2 rounds

  • Latest Funding Round
    $22.74 M (USD), Series A

    Dec 08, 2021

  • Investors
    Alpiq

    & 2 more

  • Employee Count
    Not available
  • Acquired by
    Alpiq

    (Apr 12, 2024)

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Products & Services of P2X Solutions

P2X Solutions offers a comprehensive portfolio of products and services, including Green Hydrogen, Synthetic Fuels, and Hydrogen Plants.

Product name locked
Category locked
Primary

Industrial-scale production of green hydrogen from renewable sources

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Production of e-methane, e-methanol, and e-ammonia for clean energy

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Turnkey delivery of hydrogen production facilities to clients

People of P2X Solutions

Headcount 1-10
Employee Profiles 7
Employee Profiles
People
Herkko Plit
Founder and CEO
People
Jenni Borg
General Counsel
People
Mika Simola
CTO
People
Andreas Teir
Chief Commercial Officer (cco)

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Funding Insights of P2X Solutions

P2X Solutions has successfully raised a total of $25.17M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $22.74 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in P2X Solutions

P2X Solutions has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Alpiq, Enersense and Lifeline Ventures.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Early-stage venture capital is invested in European startups across sectors.
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Lifecycle services are provided for energy, industrial, and telecom infrastructure.
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Energy trading, asset management, and renewable solutions are provided.
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Investor details for P2X Solutions

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Investments & Acquisitions by P2X Solutions

Investments
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Investment portfolio details for P2X Solutions

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Financial Statements - P2X Solutions

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Detailed financials for P2X Solutions

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P2x Solutions Comparisons

P2X Solutions Primary company
Description
Producer of green hydrogen and synthetic fuels. This company...
Location
Espoo, Finland
Founded Year
2020
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for P2X Solutions

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Competitors of P2X Solutions

P2X Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, among others.

Company Name Domain Founded year HQ Location Description
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Provider of hydrogen production and storage solutions
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Power generation via bioenergy, thermal, and wind sources is offered.
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Producer and supplier of green hydrogen
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Pressurized alkaline and solid oxide electrolysis products are manufactured.
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Aerial inspection services are delivered using automated drones.
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Production of e-methanol and sustainable aviation fuel
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Detailed competitors of P2X Solutions

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Latest news on P2x Solutions

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Complete news archive for P2X Solutions

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Frequently Asked Questions about P2X Solutions

P2X Solutions was founded in 2020 and raised its 1st funding round 1 year after it was founded.

P2X Solutions is headquartered in Espoo, Finland.

Herkko Plit is the current CEO of P2X Solutions. They have also founded this company.

P2X Solutions is a funded company, having raised a total of $25.17M across 2 funding rounds to date.

P2X Solutions was founded in 2020 and is based in Espoo, Finland. Operations are centered in the renewable energy sector, where industrial-scale production plants for green hydrogen and synthetic fuels such as methane, methanol, and ammonia are developed and managed. Turnkey hydrogen plants are delivered, while fuels are produced and distributed. Expertise is provided in project development and obtaining governmental support for infrastructure initiatives.

P2X Solutions's top competitors include Lhyfe, Nel Hydrogen and Orsted.

P2X Solutions offers Green Hydrogen, Synthetic Fuels, and Hydrogen Plants.

P2X Solutions has 3 investors. Key investors include Alpiq, Enersense, and Lifeline Ventures.

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