Electric Hydrogen
Electric Hydrogen manufactures advanced PEM electrolyzer plants (HYPRPlant, 75-120MW) for industrial-scale green hydrogen production, serving eFuels producers, ammonia manufacturers, refineries, and hard-to-abate industries across the US, Europe, and Latin America.
- Company typePrivate
- Founded2020
- HeadquartersNatick, United States
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Electric Hydrogen does
Electric Hydrogen, founded in 2020 by former First Solar executives Raffi Garabedian (CEO) and David Eaglesham (CTO), designs and manufactures advanced Proton Exchange Membrane (PEM) electrolyzer plants for industrial-scale green hydrogen production. The company's flagship product, HYPRPlant, is a fully integrated, open-air electrolyzer system available in 75MW, 100MW, and 120MW variants that ships on factory-fabricated skids ready for assembly, enabling up to 60% lower total installed costs and delivery-to-commissioning timelines under six months. Manufacturing is anchored by a 1.2 GW annual capacity gigafactory in Devens, Massachusetts, with balance-of-plant fabrication handled by Titan in Columbus, Texas; reference deployments include the Pioneer Plant in San Jose, California (operational since January 2024) and the 1MW Electrolyzer Plant (operating since 2022).
Electric Hydrogen sells primarily through direct enterprise field sales to industrial customers, energy developers, and eFuels producers, with dedicated commercial teams across the US, Europe (Spain, Denmark, Germany, Belgium), and Latin America (Brazil). Named customers include Uniper (200MW Green Wilhelmshaven), Synergen Green Energy (240MW green ammonia), Infinium (100MW Project Roadrunner eFuels), HIF Global (Texas e-Fuels), New Fortress Energy / Zero Parks (100MW), and AES Corporation (1GW framework agreement), spanning refineries, sustainable aviation fuel, green ammonia, and hard-to-abate sectors such as steel, cement, and chemicals. Revenue streams include hardware sales of complete HYPRPlant systems and, following the September 2025 acquisition of Ambient Fuels and strategic partnership with Generate Capital, financed project development services and hydrogen-as-a-service offerings backed by up to $400M in project financing.
The company has raised over $700 million from strategic and financial investors including Fortescue, Fifth Wall, Energy Impact Partners, bp Ventures, Amazon, Microsoft, United Airlines, Breakthrough Energy Ventures, and Temasek, supplemented by $65 million in U.S. Department of Energy grants and tax credits. Independent technical due diligence by DNV has validated the HYPRPlant as industry-leading in advanced PEM technology performance and cost competitiveness.
Electric Hydrogen firmographics
Firmographics- Name
- Electric Hydrogen
- Legal name
- Electric Hydrogen Co.
- Website
- https://eh2.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Electric Hydrogen manufactures advanced PEM electrolyzer plants (HYPRPlant, 75-120MW) for industrial-scale green hydrogen production, serving eFuels producers, ammonia manufacturers, refineries, and hard-to-abate industries across the US, Europe, and Latin America.
- Ownership category
- akta.pro rank
Electric Hydrogen industry classification
Industry- Product category
- Industrial Electrolyzer Systems
- NAICS
- Other Basic Inorganic Chemical Manufacturing (325180)
- SIC
- Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)
- akta.pro secondary industries
- Hydrogen (Industrial & Mobility) (IMAEACAB), Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF)
Keywords
Where Electric Hydrogen is headquartered
LocationHeadquarters
- HQ city
- Natick
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Electric Hydrogen business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Electrolyzer Plant Sales: Sale of complete 100MW HYPRPlant electrolyzer systems including all required subsystems (power conversion, gas processing, water treatment, thermal management). Each plant capable of producing approximately 50 tons of green hydrogen per day. Revenue recognized upon delivery and commissioning of plants.
- Project Development Services: Following the acquisition of Ambient Fuels and partnership with Generate Capital (up to $400M project financing), Electric Hydrogen can now offer fully financed hydrogen project solutions. This enables customers to buy hydrogen as a service or have projects developed and financed on their behalf.
- Project Development Co-creation: Electric Hydrogen actively develops hydrogen projects in-house in the US and internationally, working with customers on co-development of hydrogen projects for eFuels, ammonia and heavy industry use cases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | HYPRPlant 75MW - Entry-level commercial electrolyzer plant |
| Unit Pricing | Multi-year contract | HYPRPlant 100MW - Standard commercial electrolyzer plant |
| Unit Pricing | Multi-year contract | HYPRPlant 120MW - High-capacity electrolyzer plant |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Electric Hydrogen product offering
Product offeringCore offering
Electric Hydrogen designs and manufactures HYPRPlant, a fully integrated, open-air PEM electrolyzer plant delivered in 75MW, 100MW, and 120MW configurations with all balance-of-plant subsystems included. The plants are factory-built on modular skids, road-shippable, and assembled at customer sites in under six months, enabling green hydrogen production at industrial scale for refineries, eFuels, ammonia, and critical industries.
Product overview
Electric Hydrogen offers a unified product portfolio centered on its HYPRPlant line of fully integrated electrolyzer plants, complemented by the LCOH+ modeling platform. The core HYPRPlant is a complete electrolyzer plant solution available in three capacity variants (75MW, 100MW, and 120MW), all featuring proprietary advanced PEM technology, integrated balance-of-plant subsystems, and modular skid-based design that ships ready for assembly. The portfolio also includes demonstration units (Pioneer Plant and 1MW Electrolyzer Plant) that proved the technology before commercial deployment. The LCOH+ tool provides project economics modeling to support sales and customer decision-making. The company also acquired Ambient Fuels in 2025 to expand into project development capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- HYPRPlant: Electric Hydrogen's flagship product - a complete, fully integrated electrolyzer plant available in 75MW, 100MW, and 120MW variants. The world's most powerful advanced PEM stack enables ultra-low cost electrolysis with up to 60% lower total installed costs.
Products and services
- HYPRPlant Fully integrated, open-air PEM electrolyzer plant available in 75MW, 100MW, and 120MW capacity variants. Each unit includes all balance-of-plant subsystems (power conversion, gas processing, water treatment, thermal management), is factory-built on modular road-shippable skids, and assembled at customer sites in under six months. Designed for industrial-scale green hydrogen production targeting eFuels, green ammonia, green steel, refining, and chemicals customers.
- Pioneer Plant Demonstration plant at one-tenth the scale of commercial HYPRPlant, operating in San Jose, California since January 2024. Contains most components of the commercial product and was instrumental in proving and de-risking manufacturing, fabrication, field assembly, and commissioning before commercial deployment.
- LCOH+ Industry-leading modeling tool that estimates the levelized cost of hydrogen (LCOH) for green hydrogen projects. Models parameters such as CapEx, O&M, electricity costs and availability. Available in simplified and advanced versions. Used by over 5,000 hydrogen professionals worldwide.
- Turnkey Hydrogen Project Solutions Fully financed hydrogen project solutions combining Electric Hydrogen's electrolyzer technology, Ambient Fuels' project development capabilities, and up to $400M in project financing from Generate Capital. Enables customers to purchase hydrogen as a service or have projects developed and financed on their behalf.
Quantifiable outcome
- Total installed cost reduction of up to 60%
- +4 more outcomes
Companies that use Electric Hydrogen
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles2 records
Electric Hydrogen technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Electric Hydrogen partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor, core and major.
- DNVminorIndependent engineering firm completed comprehensive technical due diligence on HYPRPlant solution. Validated industry-leading PEM technology performance, extensive testing capabilities, and competitive cost position.
- The Weitz CompanycoreEngineering, procurement and construction (EPC) partner for installation of 100MW HYPRPlant at Infinium's Roadrunner eFuels project in West Texas. Brings deep industrial EPC experience ensuring reliable project execution.
- Ambient FuelscoreAcquired leading hydrogen project developer to expand project development capabilities and portfolio of US project sites. Transaction closed May 2025; deployment of project capital targeted to begin in 2026.
- Titan (Production Equipment)coreTexas-based leader in process equipment manufacturing for fabrication and assembly of 100MW electrolyzer plant. Titan deployed 365,000 sq ft Columbus, TX facility with expertise in oil & gas and clean energy equipment. Partnership supports US industrial competitiveness and workforce development.
- IngeteammajorEuropean power conversion systems manufacturer supplies rectifier systems for 100MW plants in Europe. Collaboration includes extensive interoperability testing and co-optimization of system components. Leverages Ingeteam's 50+ years experience in power electronics.
Scale indicators13 records
Recent moves7 records
Expansion highlights8 records
Electric Hydrogen competitors and assessment
Company assessmentDirect peers
- Plug Power: Plug Power is a US-based hydrogen company developing PEM electrolyzers (specifically its GenEco/PEM electrolyzer line) alongside fuel cells and hydrogen fueling infrastructure. It competes directly with Electric Hydrogen for large industrial-scale green hydrogen customers and overlaps in ammonia, eFuels, and refinery use cases.
- Nel ASA: Nel ASA is a Norway-headquartered global leader in alkaline and PEM electrolyzers, supplying large-scale hydrogen plants to industrial, mobility, and power-to-X customers. It is one of the most direct competitors to Electric Hydrogen in industrial-scale PEM electrolysis and competes for the same eFuels, ammonia, and refining projects globally.
- Cummins (Accelera by Cummins): Accelera, the zero-emissions segment of Cummins, manufactures PEM electrolyzers (HyLYZER) for utility-scale green hydrogen production. It is a direct competitor to Electric Hydrogen in large-format PEM electrolyzers serving industrial customers in North America and Europe, with comparable gigawatt-scale deployment ambitions.
- ITM Power: ITM Power is a UK-based PEM electrolyzer manufacturer supplying large-scale green hydrogen plants for industrial, transport, and power applications across Europe. It overlaps directly with Electric Hydrogen's HYPRPlant proposition in serving hard-to-abate sectors with PEM stack technology.
- thyssenkrupp nucera: thyssenkrupp nucera is a Germany-based supplier of large-scale alkaline water electrolysis and chlor-alkali electrolysis technology, with a major push into green hydrogen for industrial customers including refineries, ammonia, and steel. It directly competes with Electric Hydrogen for the same global large-format electrolyzer projects.
- McPhy Energy: McPhy Energy is a France-based electrolyzer manufacturer specializing in alkaline and PEM technology for industrial-scale green hydrogen production, serving refining, ammonia, mobility and industrial gas customers in Europe. It competes with Electric Hydrogen for industrial-scale project wins in overlapping end-use segments.
Broad incumbents
- Air Products: Air Products is one of the world's largest industrial gas and hydrogen suppliers, operating extensive gray and blue hydrogen production and pursuing multi-billion-dollar green hydrogen megaprojects (NEOM, Louisiana). It is a broad incumbent in the hydrogen space, both as a potential competitor for turnkey projects and as a major offtaker/EPC counterpart for electrolyzer companies including Electric Hydrogen.
- Linde plc: Linde is the world's largest industrial gases company, with significant merchant hydrogen production capacity and active investments in green hydrogen projects including PEM and alkaline electrolyzer deployments. It serves as both a broad incumbent competitor and a likely partner/buyer for industrial-scale green hydrogen projects that overlap with Electric Hydrogen's customer base.
Emerging players
- Green Hydrogen Systems: Green Hydrogen Systems is a Denmark-based developer of pressurized alkaline electrolyzers targeting industrial-scale green hydrogen customers in Europe. It is an emerging competitor with partial overlap to Electric Hydrogen in serving European industrial customers and eFuels/ammonia projects.
- Bloom Energy: Bloom Energy manufactures solid oxide fuel cells (SOFC) and is expanding into solid oxide electrolyzer cells (SOEC) for green hydrogen production. It is an emerging adjacent player that, like Electric Hydrogen, targets industrial-scale decarbonization customers, though with a different electrochemical technology stack.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Electric Hydrogen social profiles
Digital presenceElectric Hydrogen financial estimates
Financial estimateRevenue estimate
Valuation estimate
Electric Hydrogen leadership team
Management profileNumber of profiles
Profiles10 records
Electric Hydrogen subsidiaries and ownership
Company hierarchySubsidiaries1 record
Electric Hydrogen funding detail
Funding detailFunding overview
Funding rounds7 records
Investors28 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Electric Hydrogen M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Electric Hydrogen
What does Electric Hydrogen do?
Electric Hydrogen designs and manufactures HYPRPlant, a fully integrated, open-air PEM electrolyzer plant delivered in 75MW, 100MW, and 120MW configurations with all balance-of-plant subsystems included. The plants are factory-built on modular skids, road-shippable, and assembled at customer sites in under six months, enabling green hydrogen production at industrial scale for refineries, eFuels, ammonia, and critical industries.
Is Electric Hydrogen a public or private company?
Electric Hydrogen is a private company. It is classified as venture growth investor backed and is currently operating.
When was Electric Hydrogen founded?
Electric Hydrogen was founded in 2020. It employs 251 to 500 people.
Where is Electric Hydrogen based?
Electric Hydrogen is headquartered in Natick, United States, in the North America region.
How does Electric Hydrogen make money?
Three revenue lines are on record. Electrolyzer Plant Sales are the primary driver. The others are project Development Services and project Development Co-creation.
Who are Electric Hydrogen's main competitors?
Direct peers on record are Plug Power, Nel ASA, Cummins (Accelera by Cummins), ITM Power, thyssenkrupp nucera and McPhy Energy. Broad incumbents are Air Products and Linde plc. Emerging players are Green Hydrogen Systems and Bloom Energy.
Does Electric Hydrogen have an API?
No public API is recorded for Electric Hydrogen.
What industry is Electric Hydrogen in?
Electric Hydrogen's product category is Industrial Electrolyzer Systems. Its primary akta.pro industry code is IMAGAHAM, Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems), with a secondary code of IMAEACAB, Hydrogen (Industrial & Mobility). Its NAICS code is 325180 and its SIC code is 3620.