Dealert Deals Hydrogen Fuel
Niche · Hydrogen Fuel

Recent Hydrogen Fuel M&A deals

Specific niche view of the structured sector hierarchy. Useful for precedent work where broader sector slices include too much noise.

Deals in this slice
112
Public & account-only records combined
Year range
2025 – 2026
Across the visible recent transactions
Shown below
10
Up to 10 recent records, newest first
Account benefit
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Recent transactions

Public snapshots in Hydrogen Fuel

Target Buyer / Investor Sector Geo Transaction size EV / EBITDA
GenH2 Corp. Path2 Hydrogen AG Hydrogen Fuel $80.0M – $108M n/m
Graham hydrogen infrastructure project Stream US Data Centers Hydrogen Fuel $90.5M 1× – 2×
OMV green hydrogen production plant European Investment Bank Hydrogen Fuel $600M 6× – 8×
Ambient Fuels Electric Hydrogen Hydrogen Fuel $26.4M – $35.8M n/m
Tachyon 9 Corporation Nixxy, Inc. Hydrogen Fuel $1,000M n/m
ATOME’s Villeta Green Fertilizer Project Dutch Development Bank - FMO Hydrogen Fuel $94.8M 11× – 13×
Cell Impact AB Undisclosed Hydrogen Fuel $2.1M 18× – 21×
VDL Hydrogen Systems, Battolyser Systems VDL Hydrogen Systems, Battolyser Systems Hydrogen Fuel $52.0M – $68.0M n/m
25% exploration interest in Block 53, offshore Suriname Moeve Hydrogen Fuel $215M – $291M 5× – 6×
Andalusian Green Hydrogen Valley Undisclosed Hydrogen Fuel $1,630M – $2,200M 5× – 7×
Showing 10 of 112 records in this slice. Create a free account for the full view.
Valuations

Valuation multiples in Hydrogen Fuel

Bins are observed deal frequencies across disclosed transactions. Use as a directional reference, not a target valuation.

Mature companies

EV / EBITDA

7.5×
1
8.0×
2
8.5×
2
9.0×
1
10.0×
4
10.5×
1
11.0×
1
12.0×
1
14.0×
1
15.0×
1
16.5×
2
17.5×
2
20.0×
2
23.0×
1
23.5×
2
24.0×
1
25.5×
2
28.5×
1
29.0×
1
30.0×
1
32.5×
1
33.5×
1
44.0×
1
Mean
21.24×
Median
17.69×
P25
10.15×
P75
25.81×
P90
33.14×

EV / EBIT

10.0×
1
11.0×
2
11.5×
2
12.0×
1
12.5×
1
13.5×
1
14.0×
1
14.5×
1
15.0×
2
16.0×
1
20.0×
1
22.0×
1
24.0×
1
24.5×
1
25.5×
1
26.5×
1
28.5×
1
30.0×
1
32.5×
1
33.0×
1
35.0×
1
36.0×
2
43.5×
1
45.0×
1
47.5×
1
48.0×
1
Mean
27.91×
Median
24.55×
P25
14.12×
P75
36.00×
P90
48.27×

EV / Revenue

0.8×
1
1.0×
2
1.3×
4
2.0×
1
2.3×
1
2.5×
4
3.0×
1
3.5×
2
3.8×
1
4.0×
2
4.3×
1
4.8×
1
5.0×
1
5.3×
1
5.5×
1
5.8×
2
6.0×
1
6.5×
1
7.0×
1
7.3×
1
7.8×
1
8.3×
1
11.0×
1
12.0×
1
12.5×
1
Mean
4.65×
Median
4.00×
P25
2.50×
P75
6.04×
P90
8.22×
Early-stage & growth companies

EV / Revenue

5.5×
1
5.8×
2
6.0×
3
6.3×
1
6.5×
1
6.8×
1
7.0×
2
7.3×
1
7.5×
2
7.8×
2
8.0×
2
8.5×
3
9.3×
1
9.5×
2
10.0×
3
10.3×
1
10.5×
3
10.8×
1
11.3×
2
12.0×
4
12.3×
1
12.5×
3
13.0×
4
13.3×
1
13.5×
1
14.0×
2
14.3×
4
14.5×
2
15.0×
2
15.3×
2
15.5×
3
15.8×
1
16.0×
5
16.3×
1
16.8×
2
18.3×
4
18.8×
2
19.0×
1
20.0×
4
20.8×
1
21.0×
1
21.3×
1
22.0×
2
22.8×
2
24.3×
1
Mean
13.38×
Median
13.20×
P25
9.50×
P75
16.00×
P90
20.00×

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