H2GO Power, founded in London in 2014, developed H2Genx, described in the EIC Accelerator list as "an innovative Plug&Play hydrogen-based green energy storage system for zero-emission, safe and reliable power supply". The company worked from the Imperial White City Incubator in west London.
H2GO Power won a "grant only" award in the EIC Accelerator cut-off of October 2021. We found no H2Genx project in CORDIS, the EU's project database, so the amount and what the award paid for cannot be checked. Companies House records show that administrators were appointed on 23 August 2024. In February 2026 the shareholders resolved to wind the company up in a members' voluntary liquidation, with a declaration of solvency.
Company file
- Legal entity
- H2GO Power Ltd, 09139481, England and Wales
- Founded
- 21 July 2014
- Premises
- Imperial White City Incubator, London (until 2024)
- Product
- H2Genx hydrogen energy storage
- Administration
- From 23 August 2024, KRE Corporate Recovery
- Status
- Liquidation, members' voluntary, since February 2026
- EIC award
- H2Genx, October 2021 cut-off, grant only
Where H2GO Power Stands Today
H2GO Power is in liquidation. After the administration ended in August 2025, the members resolved on 12 February 2026 to wind the company up, and a voluntary liquidator was appointed in March 2026 with a declaration of solvency. Companies House flags its accounts and confirmation statement as overdue. The company's website, h2gopower.com, did not respond when we tried to load it.
The Technology: Hydrogen in a Box
The EIC list describes H2Genx as a plug-and-play storage system that uses hydrogen to supply power without emissions. With no CORDIS project and the company website offline, we could not find technical results, test data or customer deployments.
"The market interest to invest in Hydrogen was very low, and this has been exacerbated by the difficult political and financial situation which has affected climate-related work, globally."
H2GO Power's directors, in the administrators' proposals, October 2024What the EIC Project Promised, and What the Record Shows
The award promised a hydrogen storage system for "zero-emission, safe and reliable power supply". No EU project record or results are published. According to the administrators' proposals, filed at Companies House, the directors said the company "did not received any positive responses from more than 200 investment firms that were approached worldwide in the years 2023-2024". Corporate finance advisers then approached "nearly ~270 organisations" about a sale or merger; "none of them were willing or able to proceed with a deal in a timely manner", and the board concluded "that the only course of action is to close the company".
- A hydrogen storage productUnclearNo public results.
- Private investmentMissed200+ firms said no.
- A buyer or partnerMissed~270 approached.
- SurvivalMissedIn liquidation.
What Has Happened Since the Award
The Money
In October 2024 the administrators had realised £436,704 in cash and estimated total costs of about £120,000. They said rescuing the company "could be achieved" but depended on "claims from various government funds in respect of pre-agreed grants", and they kept some employees to help sell assets and pursue those claims and an R&D tax claim. Which grants these were, and whether the EIC award was among them, is not stated. H2GO Power had won UK public money before: £4.3 million from the business department BEIS in May 2022 for SHyLO, a 1 MWh hydrogen storage system in Orkney, according to Renewable Energy Magazine, and £3.1 million of BEIS funding for its SHyGaN project under the Industrial Hydrogen Accelerator programme.
What cannot be checked
The value of the EIC award, which body paid it, how much was drawn, what the project delivered and who bought the company's assets are not public.
Why Europe Should Care
The EIC picked H2GO Power in 2021 for hydrogen storage. By its directors' own account, the private market then refused to fund it, and the award alone could not keep it alive. Without a CORDIS record, the public cannot see what the award bought.
What the project promised
A plug-and-play hydrogen storage system for zero-emission power.
What the record shows
No published results, no investor, administration in 2024 and liquidation in 2026.
The Verdict
An award without a market
H2GO Power won EIC backing but never found private money. It entered administration less than three years after the cut-off and is now being wound up.
H2GO Power has not been asked for comment for this article. It is based entirely on UK company filings, including the administrators' proposals, linked throughout.
Sources
- Companies House, H2GO Power Ltd filing history, including the joint administrators' statement of proposals (October 2024)
- Companies House, H2GO Power Ltd overview
- Renewable Energy Magazine, £4.3M for SHyLO, May 2022 and GOV.UK, Industrial Hydrogen Accelerator projects
