Riyadh – Sharikat Mubasher: HydoTech, a clean energy technology company specializing in green hydrogen solutions, announced closing a Series B+ funding round, with existing investor Aramco Ventures increasing its stake alongside new strategic participation from Conch Capital and investment from Orient Renaissance Capital.

As per the company’s press release, the latest funding underscores investor confidence in HydoTech's technology, commercial execution and ability to scale cost-competitive green hydrogen and green fuel solutions globally.

The company develops integrated hydrogen production systems, green fuels, industrial decarbonization technologies and zero-carbon power solutions. It says it has achieved green hydrogen production costs of around $2 per kilogram under project conditions and has delivered more than 700MW of projects across China, Europe, the Middle East, South America and Africa.

The investment follows previous backing from Aramco Ventures, which has identified HydoTech as a key company within its hydrogen portfolio. The company had also secured investment from Sinopec Capital in two consecutive funding rounds, highlighting continued support from strategic investors.