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Hywaves
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Developer of electronics design architecture to enhance hydrogen production from electrolysers

Founded in 2022
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector hydrogen

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters United Kingdom Cranfield University, United Kingdom
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Updated by Niall Haughian at Hywaves on 01/22/2025

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Date Company
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Date Partner Type
07/02/2024
Cleantech Venture Day Cleantech Venture Day
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Confirmed by Cleantech Venture Day
Incubation/Acceleration
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IPO INFORMATION

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Date Investors Type Amount
04/16/2024 Cranfield Ventures Cranfield Ventures (1)
Post-money valuation of
Convertible loan received as one of six successful applicants to Cranfield's Green Future Investments Ltd (GFIL) Technology Accelerator Fund
Seed $62,150
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Product image Name Product status Revenue model Cost metrics

Enhanced Electrolyser control electronics

HyWaves introduces a novel power management and control architecture for connecting electrolysers to renewable power sources, designed for maximal production of green hydrogen and offering a significant 19% reduction of LCOH over current technologies. We promote the end-to-end use of Direct Current, eliminating expensive inverters and AC/DC conversion losses.

Pilot/Early Revenue License of Usage
$/kW (current)
$/kW (projected)
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