H2 Energy Group

H2 Energy Group

About this raise

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.

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Investment Overview

Invested this round: $194,066

Deal Terms

Total Commitments ($USD)

Platform
Castle Placement
Start Date
05/27/2022
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Christopher Headrick
Title
Executive Chairman & CTO

Financials

as of Fiscal Year 2021
 Revenue
$0
 Monthly Burn
$5,830
 Runway
4.8 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$183,355
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Castle Placement $25,000,000 $194,066 Equity - Common Funded RegCF
04/29/2022 Castle Placement $25,000,000 $183,355 Equity - Common Funded RegCF
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Growth Charts

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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Add to portfolio
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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