About P2X Solutions
P2X Solutions is an Energy & Utilities company based in Espoo (Finland) founded in 2020 by Herkko Plit, and was acquired by Alpiq in April 2024. It operates in the Energy & Utilities and Transportation, Automotive & Logistics sectors. P2X Solutions has raised $25.17 million across 2 funding rounds from investors including Alpiq, Enersense and Lifeline Ventures. Its chief executive, as recorded, is Herkko Plit. P2X Solutions offers products and services including Green Hydrogen, Synthetic Fuels, and Hydrogen Plants. Its focus areas include Environment, Air Management Services, Energy Tech and Renewable Energy Tech. Its legal entity is P2X Solutions Oy.
Company details
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.
Products & Services of P2X Solutions
P2X Solutions offers a comprehensive portfolio of products and services, including Green Hydrogen, Synthetic Fuels, and Hydrogen Plants.
Industrial-scale production of green hydrogen from renewable sources
Production of e-methane, e-methanol, and e-ammonia for clean energy
Turnkey delivery of hydrogen production facilities to clients
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.
- Total Funding $25.17M
- Total Rounds 2
- Last Round Series A — $22.74M
- First Round $2.43M
(May 2021)
- Investors Count 2
All 2 funding rounds of P2X Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $22.74M | Series A | – | Enersense | – |
| May 2021 | $2.43M | Seed | – | Lifeline Ventures | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital is invested in European startups across sectors. | lifelineventures.com | Helsinki, Finland | ||
Lifecycle services are provided for energy, industrial, and telecom infrastructure. | 2005 | enersense.com | Pori, Finland | |
Energy trading, asset management, and renewable solutions are provided. | 2009 | alpiq.com | Olten, Switzerland |
Investor details for P2X Solutions
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People of P2X Solutions
7 people are tracked at P2X Solutions (4 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Herkko Plit | Founder & CEO | Leadership |
Mika Simola | CTO | Leadership |
Tuomo Rinne | VP Business development | Leadership |
Andreas Teir | Chief Commercial Officer (cco) | Leadership |
Jenni Borg | General Counsel | Team |
Santtu Sainio | Electricity Market Expert | Team |
Jussi Rämä | Technical Sales Manager | Team |
Complete people profiles for P2X Solutions
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Timeline of P2X Solutions
4 dated milestones of P2X Solutions across 4 years, from founding to its latest funding, stage changes and deals.
- Founded P2X Solutions is founded.
- Funding First funding round of $2.4M.
- Funding Latest funding round, Series A, of $22.7M.
- Exit Acquired by Alpiq.
Web traffic of P2X Solutions
The website of P2X Solutions (p2x.fi) receives about 2.7K visits a month.
- Monthly visits2.7K
▼ 31.6% vs previous month
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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 CEO of P2X Solutions, as recorded in our data. 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. The company's 1st funding round was a Seed of $2.43M, raised on May 2021.
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 offers Green Hydrogen, Synthetic Fuels, and Hydrogen Plants.
P2X Solutions has 3 investors. Key investors include Alpiq, Enersense, and Lifeline Ventures.
P2X Solutions operates through P2x Solutions Oy.
Yes. P2X Solutions was acquired by Alpiq in April 2024.