H2 Energy Group

H2 Energy Group

Early Stage

The Future of Hydrogen Power

The Future of Hydrogen Power

Overview

Raised to Date: 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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$574

# of Investors

35

Momentum
Funded
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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

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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Price per Share History

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

Valuation History

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.

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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