
Electric Hydrogen
Founded Year
2020Stage
Line of Credit | AliveTotal Raised
$798.3MValuation
$0000Last Raised
$100M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-50 points in the past 30 days
About Electric Hydrogen
Electric Hydrogen manufactures electrolyzers within the green hydrogen production sector. The company provides solutions for producing low-cost green hydrogen, including system components for water electrolysis, power conversion, gas processing, water treatment, and thermal management. It serves critical industries to decarbonize operations such as ammonia, steel, chemicals, and fuels. It was founded in 2020 and is based in Natick, Massachusetts.
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ESPs containing Electric Hydrogen
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The industrial hydrogen tech developers market encompasses companies that design and manufacture hydrogen production, storage, and utilization technologies for commercial and industrial applications. These developers create fuel cell systems, electrolyzers, and hydrogen storage solutions that enable clean power generation, energy storage, and zero-emission transportation for heavy-duty vehicles an…
Electric Hydrogen named as Challenger among 15 other companies, including Plug Power, Toyota, and Bloom Energy.
Electric Hydrogen's Products & Differentiators
HYPRPlant
Electric Hydrogen manufactures the world’s most powerful electrolyzers for critical industries to produce the lowest cost clean hydrogen. The company’s complete electrolyzer solution, HYPR Plant, includes all system components required to turn water and electricity into hydrogen and is configurable for projects with electrolysis capacities from 80MW to 120MW
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Research containing Electric Hydrogen
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Electric Hydrogen in 5 CB Insights research briefs, most recently on Jul 10, 2024.
Expert Collections containing Electric Hydrogen
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Electric Hydrogen is included in 6 Expert Collections, including Construction Tech.
Construction Tech
1,467 items
Companies in the construction tech space, including additive manufacturing, construction management software, reality capture, autonomous heavy equipment, prefabricated buildings, and more
Unicorns- Billion Dollar Startups
1,270 items
Oil & Gas Tech
4,702 items
Companies in the Oil & Gas Tech space, including those focused on improving operations across upstream, midstream, and downstream sectors, as well as those working on sustainable fuels.
Energy Storage
5,350 items
Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.
Hydrogen Energy Tech
3,196 items
Companies that are engaged in the production, utilization, or storage and distribution of hydrogen energy. This includes, but is not limited to, companies that manufacture hydrogen, those that convert hydrogen into usable energy, and those that store and distribute hydrogen.
Renewable Energy
4,803 items
Electric Hydrogen Patents
Electric Hydrogen has filed 16 patents.
The 3 most popular patent topics include:
- fuel cells
- industrial gases
- electrolysis

Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
12/21/2022 | 3/25/2025 | Fluid dynamics, Fuel cells, Hydrogen cars, Aerodynamics, Fluid mechanics | Grant |
Application Date | 12/21/2022 |
---|---|
Grant Date | 3/25/2025 |
Title | |
Related Topics | Fluid dynamics, Fuel cells, Hydrogen cars, Aerodynamics, Fluid mechanics |
Status | Grant |
Latest Electric Hydrogen News
Apr 9, 2025
Image: Adamdl06204917, Wikimedia Commons, C00 Share Fincantieri said it is constructing the world’s first hydrogen-powered cruise ship, the “Viking Libra,” which will be capable of generating onboard electricity and propulsion using hydrogen stored onboard. The vessel, under construction at the Fincantieri Ancona shipyard, is scheduled for delivery in late 2026 and will accommodate up to 998 guests in 499 staterooms. The Viking Libra will feature polymer electrolyte membrane (PEM) fuel cell systems produced by a Fincantieri subsidiary. Fincantieri also said that it has signed an agreement with Viking to build two more cruise ships for delivery in 2031, with an option for two additional vessels. Coca-Cola Bottlers Japan said it will debut the world’s first hydrogen cartridge-powered vending machine at the 2025 Kansai Expo in Osaka. The vending machine was developed with Fuji Electric and will serve as a testing ground for future technologies. ““As a next-generation vending machine that is unaffected by weather or installation location and does not emit CO2 during operation, it brings together cutting-edge technologies from Japan and abroad,” said Coca-Cola Bottlers Japan. Spain’s Instituto para la Diversificación y Ahorro de la Energía (IDAE) has approved €1.2 billion ($1.3 billion) in funding to support seven renewable hydrogen production and consumption projects across Aragon, Andalusia, Castilla y León, and Galicia, under the European Union’s Recovery, Transformation, and Resilience Plan. Hamburg Commercial Bank (HCOB) said that the metal and chemical industries, as well as refineries, are expected to be among the first significant green hydrogen consumers. HCOB said that green hydrogen must be produced cost-effectively and in large quantities for industry decarbonization to succeed, with local production and infrastructure development in Europe by 2030 critical to accelerating this effort. Air Liquide said its electrolyzer in Oberhausen, Germany, has become the country's first plant to receive the RFNBO certificate. The French company said the certification allows companies to officially declare hydrogen from Oberhausen as a greenhouse gas-reducing fuel. Electric Hydrogen said its fully integrated solution reduces the total installed cost of clean hydrogen projects by up to 60% with its PEM technology and modular approach. The US-based PEM electrolyzer specialist said solution features a single plant design with configurable electrolysis capacity from 80 MW to 120 MW, capable of producing 1,500 kg to 2,300 kg of hydrogen per hour. Honeywell said it has launched a suite of AI-enabled technologies aimed at reducing hydrogen production costs. It claimed that the solution improves electrolysis efficiency and optimizes plant operations by integrating predictive control algorithms, making hydrogen production more sustainable and cost-effective. BGR Tech said it has signed a heads of agreement (HOA) with engineering contractor Chemie Tech to collaborate on multi-megawatt lump sum turnkey (LSTK) green hydrogen and ammonia projects throughout the world. It said they plan to focus on regions such as the Middle East, Africa, Europe, Australia, and India. BGR Tech will provide critical green hydrogen generation and purification equipment, including electrolyzers. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com . Popular content Δ By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment. Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so. You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled. Further information on data privacy can be found in our Data Protection Policy . Subscribe to our global magazine
Electric Hydrogen Frequently Asked Questions (FAQ)
When was Electric Hydrogen founded?
Electric Hydrogen was founded in 2020.
Where is Electric Hydrogen's headquarters?
Electric Hydrogen's headquarters is located at 1 Strathmore Road, Natick.
What is Electric Hydrogen's latest funding round?
Electric Hydrogen's latest funding round is Line of Credit.
How much did Electric Hydrogen raise?
Electric Hydrogen raised a total of $798.3M.
Who are the investors of Electric Hydrogen?
Investors of Electric Hydrogen include Stifel Financial - Venture Banking, J.P. Morgan, HSBC Bank USA, Hercules Capital, U.S. Department of Energy and 26 more.
Who are Electric Hydrogen's competitors?
Competitors of Electric Hydrogen include Granular Energy and 1 more.
What products does Electric Hydrogen offer?
Electric Hydrogen's products include HYPRPlant.
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Compare Electric Hydrogen to Competitors

H2Pro focuses on the production of green hydrogen. It offers the production of green hydrogen through a method called electrochemical thermally activated chemical (E-TAC), which splits water to make fossil-fuel hydrogen. It primarily sells to sectors such as steel, ammonia, refineries, heavy transport, aviation, and energy storage, aiming to integrate green hydrogen into these sectors. The company was founded in 2019 and is based in Caesarea, Israel.

Climeworks is a carbon removal company. The company offers carbon dioxide removal services using direct air capture and storage technology to enterprises, small-medium businesses, and individuals aiming for net zero emissions. Climeworks' DAC facilities. It was founded in 2009 and is based in Zurich, Switzerland.
Carbominer focuses on reducing greenhouse gas emissions through its direct air capture technology. The company specializes in capturing carbon dioxide from the atmosphere using modular units that integrate electrochemistry for regeneration, providing a sustainable and fossil-free carbon dioxide (CO2) source for various applications. It primarily serves the indoor agriculture sector. The company was founded in 2020 and is based in Kyiv, Ukraine.
California Catalysts focuses on the development of materials and stack components for the electrolyzer industry. The company specializes in creating non-iridium catalysts that aim to produce hydrogen at a lower levelized cost sustainably. California Catalysts primarily serves sectors that are engaged in the production and utilization of electrolyzers for hydrogen generation. California Catalysts was formerly known as H2U Technologies. It was founded in 2020 and is based in Chatsworth, California.
Granular Energy focuses on clean energy trading and management within the energy sector. The company offers software solutions that facilitate the management and trading of clean energy, enabling utilities and energy professionals to handle energy attribute certificates and provide transparent green energy offers. It primarily serves the energy sector. The company was founded in 2021 and is based in Paris, France.

Carbon Engineering operates as a clean energy company. It focuses on environmental technology solutions. The company's main service is the commercialization of a technology that captures carbon dioxide directly from the air and another technology that synthesizes it into clean transportation fuels. It primarily sells to the clean energy industry. It was founded in 2009 and is based in Squamish, British Columbia. In August 2023, Carbon Engineering was acquired by Occidental Petroleum.
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