In its Strategic Plan 2023–2027, Hiperbaric, a firm based in Burgos that develops high-pressure industrial equipment, underlines the growth of the green hydrogen market and projects that its revenue will increase by 2.5 times by 2027 to reach 158 million euros.
In this regard, the business hopes to take the lead in the opportunities emerging in the high-pressure green hydrogen markets inside and outside of Spain, which it anticipates will account for 45% of its total revenue by 2027. Hiperbaric currently generates 90% of its revenue from the high-pressure processing (HPP) industry, which treats and preserves food and drinks, and controls more than 60% of the global market.
The company also bases its future plans on regaining the majority ownership of Hiperbaric’s founding and management team, which currently holds a 55% stake, incorporating the Center for Technological Development and Innovation (CDTI), a division of the Ministry of Science and Innovation, at the end of 2022, maintaining Alantra, and adding new investors.
According to Andrés Hernando, CEO of Hiperbaric, “our strategic goal for 2027 is to become European leaders in high-pressure hydrogen compression technology. Hernando continued, “Projects like the underground BarMar green hydrogen corridor between Barcelona and Marseille promise a promising future for this technology.
According to Hiperbaric, the company generated a record-breaking 63.1 million euro revenue in 2022, a 16.5% increase over the prior year. The Burgos company’s consolidated sales have increased from 50 million in 2018 to an estimated 63 million euros for 2022, a 24% increase in revenue.
Hiperbaric, on the other hand, ended 2022 with an Ebitda of 21.1 million euros, an increase of 30% from what it had achieved in 2021. Likewise, 90% of the company’s sales in 2022 were through the foreign market, compared to 10% of the national market. On the other hand, the business devotes more than 5% of its revenue to R+D+i.