H2 Energy Group

H2 Energy Group

Early Stage

The Future of Hydrogen Power

The Future of Hydrogen Power

Overview

Raised this Round: Raised: $194,066

Total Commitments ($USD)

Platform

Castle Placement

Start Date

05/26/2022

Close Date

04/30/2023

Min. Goal
$986
Max. Goal
$4,814,766
Min. Investment

$247

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$24.66

Pre-Money Valuation

$25,000,000

Year Founded

2020

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Friendsville, Tennessee

Business Type

Growth

H2 Energy Group, with a valuation of $25 million, is raising funds on Castle Placement. The company plans to construct a renewable hydrogen production facility and install five hydrogen refueling stations along the I-5 highway. The business will use its scalable and modular technology to convert renewable woody biomass into low-cost hydrogen-rich syngas. Christopher Headrick founded H2 Energy Group in May 2020. The current crowdfunding campaign has a minimum target of $986.40 and a maximum target of $4.8 million. The campaign proceeds will be used for detailed engineering and development, marketing, insurance, startup expenses, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-69,959

$-250,406

Summary Balance Sheet

FY 2021 FY 2020

Cash

$27,868

$0

Accounts Receivable

$0

$0

Total Assets

$42,630

$0

Short-Term Debt

$262,320

$250,001

Long-Term Debt

$0

$0

Total Liabilities

$262,320

$250,001

Financials as of: 05/26/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
H2 Energy Group 04/29/2023 Castle Placement $25,000,000 $194,066 Equity - Common Funded RegCF
H2 Energy Group 04/28/2022 Castle Placement $25,000,000 $183,355 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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H2 Energy Group on Castle Placement 2022
Platform: Castle Placement
Security Type: Equity - Common
Valuation: $25,000,000
Price per Share: $24.66

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