H2B2 has matured its business model and is looking for an industrial partner to make a qualitative leap in the energy market. This firm was created in 2016 by Javier Brey, former CEO of Hinergreen (subsidiary of Abengoa), and had the support of Felipe Benjumea Llorente (the former president of Abengoa is a strategy advisor) and his son Felipe Benjumea Porres ( who is one of the two financial directors). The goal is to occupy a relevant place in the hydrogen production systems, which will replace in the future a portion of the current consumption of natural gas.
Hydrogen is an abundant element but it is not free (it is in fossil fuels with carbon and in water with oxygen). By applying energy in water, hydrogen can be recovered with the electrolysis process (which allows the molecules to be decomposed with an electric current). H2B2 has focused on the development of electrolyzers, the equipment that allows hydrogen to be separated from oxygen.