HydroGraph Clean Power

What HydroGraph Clean Power does

HydroGraph Clean Power Inc. is a publicly traded commercial manufacturer of high-purity synthetic graphene (CSE: HG; OTCQB: HGRAF), founded in 2017 and headquartered in Vancouver, Canada with operations transitioning to Austin, Texas. The company operates a patented Hyperion Reactor platform based on detonation synthesis technology exclusively licensed from Kansas State University, producing graphene through controlled explosion of hydrocarbon gas (acetylene) and oxygen. HydroGraph sells two flagship product lines: Fractal Graphene (FGA-1) at 99.8% pure carbon content as turbostratic nanoplatelets, and Reactive Graphene (RGA-1) functionalized with carboxylic acid groups at 96.3% carbon content. The company is the only graphene producer in the Americas certified by The Advanced Carbons Council's Verified Graphene Producer program.

The business model centers on direct enterprise sales of graphene materials to industrial customers in coatings, thermoplastics, composites, lubricants, concrete and cement, energy storage, and government/aerospace/defense applications, supplemented by ready-to-use dispersions (Nanomyte FGA-1AD/ND co-developed with NEI Corp.). HydroGraph distributes through a network of certified compounding partners including Modern Dispersions (~300 million lbs/yr capacity), Broadway Colours, Hubron International, and Gulf Cryo for the Middle East and Africa. The customer pipeline reportedly approaches 100 engaged accounts, with named adoption across AkzoNobel/Sparc Technologies, Volfpack Energy, Hawkeye Bio, and Breedon Group/FP McCann.

Despite a market capitalization of approximately $2.84 billion as of June 2026, HydroGraph remains pre-revenue at scale, with FY25 revenue in the range of $43,000-$91,000 and a net loss of $10-13 million against a cash position exceeding $41 million. The company has raised over $71 million cumulatively across multiple private placements and is funding a planned 350 tons/year production facility in Texas expected to come online in 2026-2027. Recent regulatory milestones (US EPA TSCA, UK REACH, EU REACH) and the May 2026 commercial launch of AkzoNobel's Interzone 954 protective coating incorporating HydroGraph's fractal graphene mark the transition from pilot-scale to commercial-scale operations.

Name

HydroGraph Clean Power

Legal name

HydroGraph Clean Power Inc.

Website

https://hydrograph.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

HydroGraph Clean Power is a publicly traded commercial manufacturer (CSE: HG) of ultra-high-purity synthetic graphene produced via patented detonation synthesis technology, serving industrial customers in coatings, composites, energy storage, lubricants, cement, and defense applications globally.

Ownership category

akta.pro rank

Product category

Advanced Carbon Nanomaterials

NAICS

Carbon and Graphite Product Manufacturing (335991)

SIC

Industrial Organic Chemicals (2860)

akta.pro primary industry

Functional Carbon Fillers (Carbon Black, Graphite) (IMAEAFAO)

akta.pro secondary industries

Anode Materials Manufacturing (Graphite, Silicon, LTO) (EUAFABAC), Conductive/ESD & EMI-Shielding Compounds (IMANABAH)

Keywords

• Graphene production
• Carbon nanomaterials
• Detonation synthesis
• Graphene dispersions
• Advanced materials manufacturing

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Graphene Material Sales: Direct sale of graphene nanomaterials (Fractal Graphene and Reactive Graphene products) to industrial customers for integration into polymers, composites, coatings, lubricants, concrete, and energy storage applications. Revenue generated from product sales at volume-based pricing.
2. Graphene Dispersions: Sale of ready-to-use graphene dispersions such as Nanomyte FGA-1AD and FGA-1ND developed in partnership with NEI Corp. for advanced coatings, energy storage, and composite materials.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

HydroGraph manufactures and sells ultra-pure graphene nanomaterials using a proprietary patented detonation synthesis process called the Hyperion Reactor. The company produces Fractal Graphene (FGA-1) and Reactive Graphene (RGA-1) products, plus graphene dispersions, sold to industrial customers for integration into polymers, composites, coatings, lubricants, concrete, and energy storage applications.

Differentiator

Problem solved

Functional benefit

Brands

• Fractal Graphene™: Flagship product - ultra-high purity turbostratic graphene with 99.8% carbon content, 3-9 layers, 20-50nm lateral size, available as dispersion, chemically modified, or custom morphologies.
• Reactive Graphene

Products and services

• Fractal Graphene (FGA-1) Flagship ultra-high purity turbostratic graphene with 99.8% carbon content, 3-9 layers, 20-50nm lateral size, 200m²/g SSA, and +60mV zeta potential. Delivers 10-100x better performance than conventional graphene at ultra-low loadings (as low as 0.001%). Sold to industrial customers for integration into polymers, composites, coatings, lubricants, concrete, and energy storage applications.
• Reactive Graphene (RGA-1) Functionalized graphene with carboxylic acid (COOH) groups, 96.3% carbon content, and -25mV zeta potential. Chemically customizable for enhanced integration with host materials. Ideal for dispersions, composites, and catalysis applications.
• Nanomyte FGA-1AD and FGA-1ND Graphene Dispersions Ready-to-use graphene dispersion concentrates developed in partnership with NEI Corp. Combines HydroGraph's fractal graphene with NEI's battery materials expertise. Replaces traditional conducting carbons in electrode slurries. Designed for advanced coatings, energy storage, and composite materials applications.
• EcoSPARC-Optimized Interzone 954 Protective Coating Graphene-enhanced protective coating developed collaboratively between AkzoNobel, HydroGraph Clean Power, and Sparc Technologies. Incorporates HydroGraph's Fractal Graphene into Sparc's ecosparc® additives for corrosion resistance improvement in steel infrastructure, targeting offshore wind, mining, and energy projects.

Quantifiable outcome

• 99.8% pure carbon content graphene with batch-to-batch consistency at commercial scale
• +9 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and major.

• Modern DispersionscoreChannel Partner/ Reseller/ Distributor · 16 June 2026Modern Dispersions certified as qualified HydroGraph Compounding Partner following technical and commercial qualification. Based in Leominster, Massachusetts with second facility in Fitzgerald, Georgia. Brings over five decades of carbon black compounding expertise and approximately 300 million pounds annual production capacity across 18 extrusion lines.
• Sparc TechnologiescoreStrategic or Co-development Partner · 24 March 2026Collaboration to incorporate HydroGraph's Fractal Graphene into Sparc's ecosparc® additives for protective coatings. Joint testing for corrosion resistance improvement in steel infrastructure. Targets US$33 billion global protective coatings market. LOI could lead to definitive commercial supply agreement within 12 months.
• Sparc TechnologiescoreStrategic or Co-development Partner · 24 March 2026Partnership leverages HydroGraph's Fractal Graphene to improve corrosion resistance in steel infrastructure for protective coatings. Product testing and development ongoing with successful performance potentially leading to broader market rollout through AkzoNobel's Interzone 954.
• Broadway ColoursmajorChannel Partner/ Reseller/ Distributor · 17 March 2026Broadway Colours Ltd. certified as qualified compounding partner, facilitating broader adoption of graphene-enhanced polymer materials in UK and Europe. Certification confirms ability to produce high-quality, scalable graphene masterbatches with commercial readiness.
• Hubron InternationalmajorChannel Partner/ Reseller/ Distributor · 17 February 2026Added to HydroGraph's Compounding Partner Program supporting graphene adoption in thermoplastics. Hubron is global leader in black masterbatch and conductive polymer compounds with over 90 years of materials expertise and worldwide distributor network. Access to automotive, construction, electronics, film, pipe, wire and cable markets.
• NEI Corp.coreStrategic or Co-development Partner · 26 March 2025Launch of Nanomyte FGA-1AD and Nanomyte FGA-1ND graphene dispersions for advanced coatings, energy storage, and composite materials. Combines HydroGraph's fractal graphene with NEI's battery materials expertise. Ready-to-use concentrates replace traditional conducting carbons in electrode slurries.
• Gulf Cryo LLCcoreChannel Partner/ Reseller/ Distributor · 30 October 2023UAE-based Gulf Cryo LLC as key investor and strategic partner to bring pristine graphene to Middle East and Africa. MOU signed May 2024 for distribution and potential manufacturing partnership. Gulf Cryo manufactures and provides industrial, medical and specialty gases in the MEA region.
• Fraunhofer Innovation Platform at Western UniversitymajorStrategic or Co-development Partner · 10 November 2022Research collaboration focusing on using HydroGraph's graphene in thermoset resins to improve properties for lightweight, high-performance applications. Supported by $90,000 annual grant for two years from Canadian and German research agencies. Aims to expand graphene's use in composites.
• Graphene Engineering and Innovation Centre (GEIC)coreStrategic or Co-development PartnerPartnership with University of Manchester's GEIC to accelerate development of graphene applications. Dr. Suhao Li led application R&D team at GEIC facility. Supports customer projects through state-of-the-art facilities and expertise in applications development, including pilot production and rapid prototyping.
• Kansas State UniversitycoreTechnology or IntegrationExclusive worldwide license from Kansas State University to produce graphene and hydrogen through patented detonation process. Dr. Chris Sorensen, founding scientist and Cortelyou-Rust University Distinguished Professor Emeritus, discovered the process at KSU.

Scale indicators9 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• First Graphene: Australia-listed commercial graphene producer with 100+ tonnes/year capacity, 35+ active customers, and distribution across 20+ countries. Most directly comparable to HydroGraph in scale, customer mix, and target verticals (composites, coatings, cement).
• NanoXplore: Canada-based graphene manufacturer serving similar industrial applications including polymers, composites, and batteries. Comparable in geographic origin (Canadian public listing) and product portfolio to HydroGraph.
• Directa Plus: Italy-based graphene producer with G+® branded products targeting textiles, composites, and environmental applications. Public company pursuing similar B2B industrial graphene commercialization playbook as HydroGraph.
• Graphenea: Spain-based graphene materials supplier offering CVD graphene films, graphene oxide, and nanoplatelets for research and industrial applications. Competes in the same high-purity graphene segments HydroGraph targets.
• XG Sciences: US-based graphene nanoplatelet producer serving energy storage, composites, and coatings markets. Direct competitor in the Americas and adjacent in product format (xGnP® graphene nanoplatelets).
• Angstron Materials: US-based producer of pristine graphene nanoplatelets and functionalized graphene for energy, aerospace, and coatings applications. Directly comparable product portfolio and target verticals to HydroGraph.

Emerging players

• Talga Group: Australia-listed company producing graphite and graphene products, with a strong focus on battery anode materials and composites. Comparable to HydroGraph's energy storage segment and shares an emerging-player commercialization profile.
• Vorbeck Materials: US-based graphene company commercializing Vor-ink™ conductive inks and Vor-flex™ composites. Smaller scale than HydroGraph but competes in similar industrial B2B applications.

Broad incumbents

• Cabot Corporation: Global specialty chemicals incumbent producing carbon black, specialty carbons, and battery materials. A much larger established player whose carbon additives overlap with HydroGraph's downstream applications, particularly in batteries and coatings.
• Orion S.A. Global carbon black producer with specialty carbon products serving coatings, polymers, and battery applications. Represents the incumbent specialty carbon supplier whose products graphene partially substitutes or enhances.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/HydroGraphInc
• LinkedInlinkedin.com/company/hydrograph

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds9 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HydroGraph Clean Power