About us

Why Green Hydrogen?

Green Hydrogen is synthesized from water electrolysis and renewable energy sources such as wind energy or solar energy. Ilios Hydrogen produces 100% Green Hydrogen to create a sustainable solution in the renewable green energy ecosystem. 

It has no carbon footprint.

Green Hydrogen as a renewable source of energy or fuel is useful because it has:
  • High energy to content per unit of weight
  • Power to fuel cells in zero-emission vehicles
  • Fast tilling time
  • High efficiency
  • Storage and usage of power converted from wind or solar energy

Green Hydrogen can replace natural gas, petrol, and diesel for:
  • All classes of mobility applications such as fuel on trains, planes, public transportation, passenger, and commercial vehicles
  • Industrial applications such as heating, cooking, cooling, etc

Green Hydrogen is the solution to reaching the net-zero emission targets which most G20 countries have committed to both at the 24th Conference of the Parties to the UNFCCC (COP24) in Paris and more recently at COP26 in Glasgow. 

It also enables hydrocarbon-poor countries such as Germany and Italy to carve their own energy independence away from Russia and the Middle East.

It enables countries such as the United Kingdom, which is estimated to have some 40% of all European offshore wind resources, to harness more intermittent renewable power by transforming that clean energy into hydrogen which can be stored and used wherever high power demands are required.

Corporate Overview

With world events providing a greater sense of urgency to transition away from oil and gas into alternate sources of energy and fuel, Ilios Hydrogen identified green hydrogen as the newly preferred backbone energy medium.

Over the last 18 months ago, the green hydrogen production space has seen new project development and financing grow exponentially, making it an exciting new business to develop. Ilios Hydrogen is engaged in the development of greenfield and brownfield sites, typically sites of former power stations or chemical installations, with a view to building and operating green hydrogen production sites. 

The immediate focus is to secure sites which are suitable for green hydrogen production with access to sufficient water and electricity from the national electric grids. Unlike wind and solar installations, where sites are virtually limitless, sites appropriate for green hydrogen production are limited in number and will command an increasing value as the global green hydrogen production rapidly expands


Ilios Hydrogen is an experienced alternative power development team supported by capital markets experts.

Salvatore Magazu

Salvatore is a results driven CEO/COO with extensive international and technical management experience. In 2007, he served as a managing director for the energy trading company Lucas Onda with more than 25,000 industrial customers and 100 million in revenues per year.

Salvatore then moved on and became COO/CTO of UK based Winch Energy where he implemented and managed the Italian portfolio of PC plants directly overseeing 300MW+ of solar and developing a pipeline of projects representing 400MW across numerous African and European countries. 

He brings to Ilios a strong skill set in management, project financing and energy trading.
Dr. Kondos is an accomplished professional and holds a PhD on Pressure Leaching in Hydrometallurgical Engineering from McGill University, Montreal, QC. Dr. Kondos’ career has been devoted to transforming organizations through innovation and delivering highly effective technology solutions within Barrick Gold Inc and Noranda (Glencore). 

The ability to adjust to working environments and work in teams while creating long-term roadmaps fosters value creation in a sustainable way. Through his career, his work has resulted in 10+ products and over 30 publications. Value creation is at the forefront of his philosophy.

Dr. Peter Kondos


David Eaton

David Eaton has been involved in the capital markets since 1981. Throughout his career he has been active in all aspects of the corporate finance industry, consulting to both public and private companies in the areas of investor relations, arranging financings and corporate transactions. 

Since 2007, he has been Chairman at Baron Global Financial Canada Ltd. providing merchant banking services in the areas of financing, transaction planning, corporate transactions.
Mr. Herrick Lau is currently Managing Director of Baron Global Financial Canada Ltd. A merchant banking firm based in Vancouver BC, Canada. Baron Canada is a wholly owned subsidiary of VBG International Holdings Limited, a member firm of the Hong Kong Stock Exchange.

Mr. Lau is an experienced investment banking professional who has conducted transactions in initial public offerings, reverse takeovers, fnancings , mergers and acquisitions, divestitures and various advisory services.

Mr. Lau obtained his Bachelors and Master’s degrees in Business and Economics from Simon Fraser University in Vancouver BC, Canada and is a charter holder of the Charter Financial Analyst (CFA) designation.

Herrick Leu


Tasso Baras

Mr. Baras brings over 20 years of diverse financial leadership experience working in start up and high growth environments. Through his network and merchant bank he has raised venture capital and advised dozens of companies both public and private in biotech, energy, technology, mining, and renewables. 

In his most recent venture First Hydrogen, Tasso was instrumental in procuring the asset and assisting with building the current management and consulting team. He is a co-founder and major shareholder of Ilios Hydrogen Ltd.
Angelos Kostopoulos is a Partner at Strati & Kostopoulos Law, with offices in Athens, Tirana and Washington, D.C. The boutique firm specializes in international business and tax law. 

Angelos brings a wealth of experience in Renewable Energy, having served as a Managing Director for Enron Wind, GE Wind & UPC for S.E. Europe, where he developed and managed numerous Wind & Solar Projects.

Angelos Kostopoulos


George Gkiaouris

Advisor & Non Executive Director
George has more than 24 years of experience managing energy investments in emerging markets and transition economies, involving project financings, bonds, syndicated debt and equity.

In addition, George has extensive experience in working with Governments and designing energy sector policy reforms, assisting the transition to a low carbon economy. George is currently working at the European Bank for Reconstruction and Development (EBRD), and is responsible for managing EBRD’s energy investments and policy initiatives, for the South Eastern European region.

Prior to working at the EBRD, he was at Barclays Capital and for the Commonwealth Development Corporation (CDC) in London, focusing in power sector financings in Europe, Africa, Middle East and Latin America.

George’s involvement with Ilios as an advisor and independent non executive Director is in his private (non EBRD) capacity.
Professor Higson joined the Department of Chemical Engineering and Biotechnology at the University of Cambridge in 2020. He has more than 20 years of experience in practical research based on technologies ranging from electrochemical fuel cells and electrolyzers as enablers for the hydrogen economy.

Seamus Higson


David Batstone

David Batstone is a catalyst for driving positive change across the world. Working with entrepreneurs and investors to create forward-thinking companies that return dignity to people and planet, he is quietly leading a revolution in the way 21st century business operates. His ground-breaking work has earned him numerous awards, including the UN Women for Peace Award winner for his significant contributions to economic and social empowerment for communities at significant risk for exploitation.

David is the founder and Managing Director of Just Business a social impact investment firm. The portfolio of successful ventures includes REBBL, a top-selling organic beverage in the USA; American Battery Technology Company; Regenerate Technology, a battery materials recycler; and Not For Sale, a global anti-human trafficking organization.

Finally, Batstone is on the board directors of Ilios Hydrogen, Hydra Energy, and Relocity. David has authored five books, is the recipient of two national journalist awards, and was named National Endowment for the Humanities Chair at the University of San Francisco for his work in technology and ethics.


Salvatore Magazu
M: +39 351 809 5670
e: smagazu@ilioshydrogen.com
Via Ghibellina 91, 98123 MESSINA (Italy)

North America

1055 West Hastings St. suite 2250 Vancouver BC V6E 2E9

Tasso Baras

M:+1 (604) 725 6965
e: tbaras@ilioshydrogen.com

David Eaton

M:+1 (604) 649 5757
e: deaton@ilioshydrogen.com