Alquion
Alquion is a Dutch cleantech company developing the Flexolyser™, a fully flexible pressurized alkaline electrolyser that targets up to 25% lower green hydrogen cost for industrial customers in chemicals, e-fuels, steel, and grid applications across Europe.
- Company typePrivate
- Founded2026
- HeadquartersSchiedam, Netherlands
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Alquion does
Alquion B.V. is a Dutch cleantech company that develops and commercializes the Flexolyser™, a fully flexible pressurized alkaline electrolyser for industrial-scale green hydrogen production. The company was formed in February 2026 through the merger of Battolyser Systems and VDL Hydrogen Systems, combining electrochemical cell R&D (Battolyser) with stack industrialization and manufacturing scale (VDL Hydrogen Systems / VDL Groep). Alquion is headquartered across Schiedam and Eindhoven in the Netherlands, with a 50 kW pilot installed at the Technical University of Eindhoven, and operates with approximately 50 employees.
The Flexolyser™ is positioned as the first fully flexible alkaline electrolyser with unlimited start/stop capability and no performance degradation, in contrast to conventional systems that require 20-40% minimum load. The product integrates internal electricity storage, a pressurized architecture that reduces OPEX and downstream compression costs, and RFNBO-compliance for green hydrogen certification. By converting low-cost electricity to hydrogen when power prices are low and selling electricity back to the grid when prices are high, the Flexolyser targets up to 25% lower levelized cost of hydrogen versus alternative electrolyser technologies. The roadmap moves from the existing 50 kW pilot to a 0.5 MW demonstration at an industrial customer site in May 2026, followed by a 5-10 MW first-of-a-kind production system.
Alquion generates revenue through one-time sales of Flexolyser systems to industrial customers in chemicals, e-fuels, steel, and grid/network applications, with VDL Groep as the stack manufacturing partner. The go-to-market is enterprise field sales, supported by an ecosystem of strategic partners (HyCC, Eneco, RWE, Port of Rotterdam, NXTgen) and academic collaborators (TU/e, TUDelft, University of Twente). Main shareholders include VDL Groep, Innovation Industries, Global Cleantech Capital, Invest-NL, and Koolen Industries, and the company is a member of the HyValueChain consortium developing a Dutch electrolyser supply chain.
Alquion firmographics
Firmographics- Name
- Alquion
- Legal name
- Alquion B.V.
- Website
- https://alquion.com
- Company type
- Private
- Founded year
- 2026
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Alquion is a Dutch cleantech company developing the Flexolyser™, a fully flexible pressurized alkaline electrolyser that targets up to 25% lower green hydrogen cost for industrial customers in chemicals, e-fuels, steel, and grid applications across Europe.
- Ownership category
- akta.pro rank
Alquion industry classification
Industry- Product category
- Industrial Electrolysers
- akta.pro primary industry
- Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)
Keywords
Where Alquion is headquartered
LocationHeadquarters
- HQ city
- Schiedam
- HQ country
- Netherlands
- HQ region
- Europe
Offices3 records
Markets served
Alquion business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales
Revenue model
- Flexolyser Electrolyser System Sales: Alquion develops and sells the Flexolyser, a fully flexible alkaline electrolyser for industrial applications. The company collaborates with VDL Groep for industrialization and assembly of the stack. Revenue is generated from selling electrolyser systems to industrial customers.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Alquion product offering
Product offeringCore offering
Alquion develops and markets the Flexolyser™, a fully flexible pressurized alkaline electrolyser designed for large-scale industrial green hydrogen production. The system can be switched on and off safely and repeatedly without performance degradation, allowing operators to directly follow volatile renewable electricity prices and convert low-cost power into hydrogen. Stack manufacturing is handled by VDL Groep, with a 0.5 MW demonstration unit planned at an industrial customer site in May 2026 followed by a 5-10 MW first-of-a-kind production system.
Product overview
Alquion offers a single unified product: the Flexolyser™, the first fully flexible pressurized alkaline electrolyser for industrial applications. This electrolyser integrates renewable energy sources (such as offshore wind) into the energy system by converting excess electricity into hydrogen when power prices are low, and can shut off without performance loss when wind conditions are low. The Flexolyser enables up to 25% lower LCOH compared to alternative electrolyser technologies through unlimited start/stop capability and direct load following of renewable energy sources.
Differentiator
Problem solved
Functional benefit
Products and services
- Flexolyser™ A fully flexible pressurized alkaline electrolyser for industrial green hydrogen production that can switch on and off without performance degradation, enabling direct coupling with intermittent renewable electricity and reducing the levelized cost of hydrogen by up to 25% versus alternative technologies.
Quantifiable outcome
- Reduces levelized cost of hydrogen (LCOH) by up to 25%
- +3 more outcomes
Companies that use Alquion
Customer profileSegments5 records
Ideal customer profiles2 records
Alquion technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Alquion partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, major and minor.
- HyValueChain ConsortiumcoreAlquion, together with VDL Groep, is part of the HyValueChain consortium that aims to develop a supply chain for electrolysers in the Netherlands. This consortium is one of the project proposals from the Wennink Rapport to strengthen the Netherlands' future economy.
- VDL GroepcoreVDL Groep is the stack manufacturing partner for Alquion, handling industrialization and assembly of the electrolyser stack (the heart of the electrolyser where water is split into hydrogen and oxygen). VDL Groep is also a main shareholder of Alquion and contributes manufacturing expertise and industrial scale capabilities.
- Technical University of Eindhoven (TU/e)majorThe 50kW Pilot project is located at TU/e as a remotely operated containerized solution. TU/e facilities are used for testing prototype cells and validating the cell design on functionality, safety and performance.
- HyCCmajorHyCC (Hydrogen Chemistry) is a partner in Alquion's ecosystem, collaborating on hydrogen production projects and initiatives.
- EnecomajorEneco is a partner collaborating on energy integration and renewable energy projects with Alquion.
- NXTgenmajorNXTgen is a partner in Alquion's ecosystem focused on next-generation energy solutions and hydrogen technology development.
- RWEmajorRWE, a major energy company, is a partner collaborating on energy projects and renewable integration with Alquion.
- Port of RotterdammajorPort of Rotterdam is a partner in Alquion's ecosystem, potentially providing infrastructure for hydrogen production and distribution.
- NystarminorNystar is listed as a partner in Alquion's ecosystem.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Alquion competitors and assessment
Company assessmentDirect peers
- Nel ASA: Norwegian electrolyser manufacturer producing both alkaline and PEM systems at industrial scale. Closest direct competitor with comparable alkaline focus and similar European customer base in chemicals, steel, and e-fuels.
- thyssenkrupp nucera: German alkaline and PEM electrolyser specialist with major industrial offtake references including NEOM. Directly comparable on alkaline technology, industrial customer focus, and European hydrogen hub positioning.
- McPhy Energy: France-based alkaline electrolyser specialist targeting industrial-scale green hydrogen production. Comparable on alkaline architecture, European customer focus, and pre-FOAK/early commercial stage.
- John Cockerill (John Cockerill Hydrogen): Belgian industrial group with a dedicated alkaline electrolyser business serving large-scale industrial hydrogen projects. Directly comparable on alkaline technology and European industrial customer focus.
- ITM Power: UK PEM electrolyser manufacturer targeting industrial-scale green hydrogen with major EU and UK project pipeline. Comparable on industrial electrolyser focus and European market, though differentiated by PEM chemistry.
Broad incumbents
- Cummins Accelera: Cummins' hydrogen business unit producing PEM electrolysers as part of a broader powertrain portfolio. Comparable on industrial electrolyser offering but backed by a much larger incumbent with broader product lines.
- Siemens Energy (Silyzer): Siemens Energy's PEM electrolyser business (Silyzer) targeting large-scale green hydrogen. Comparable on industrial hydrogen customers but operates within a much broader energy and grid equipment portfolio.
- Plug Power: US-headquartered hydrogen solutions provider expanding into industrial-scale PEM electrolysers. Comparable on industrial hydrogen customers but operates a broader fuel cell and hydrogen infrastructure business.
Emerging players
- Sunfire: German SOEC (solid oxide) electrolyser specialist with strong EU backing. Comparable as a European industrial electrolyser peer but differentiated by high-temperature SOEC technology rather than alkaline.
- Topsoe: Danish catalyst and SOEC electrolyser specialist. Comparable as a European industrial hydrogen player with strong utility and refining customer overlap, though differentiated by SOEC technology.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Alquion social profiles
Digital presenceAlquion financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alquion leadership team
Management profileNumber of profiles
Profiles5 records
Alquion funding detail
Funding detailFunding overview
Funding rounds4 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alquion 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 Alquion
What does Alquion do?
Alquion develops and markets the Flexolyser™, a fully flexible pressurized alkaline electrolyser designed for large-scale industrial green hydrogen production. The system can be switched on and off safely and repeatedly without performance degradation, allowing operators to directly follow volatile renewable electricity prices and convert low-cost power into hydrogen. Stack manufacturing is handled by VDL Groep, with a 0.5 MW demonstration unit planned at an industrial customer site in May 2026 followed by a 5-10 MW first-of-a-kind production system.
Is Alquion a public or private company?
Alquion is a private company. It is classified as venture growth investor backed and is currently operating.
When was Alquion founded?
Alquion was founded in 2026. It employs 11 to 50 people.
Where is Alquion based?
Alquion is headquartered in Schiedam, Netherlands, in the Europe region.
How does Alquion make money?
One revenue line is on record: flexolyser Electrolyser System Sales.
Who are Alquion's main competitors?
Direct peers on record are Nel ASA, thyssenkrupp nucera, McPhy Energy, John Cockerill (John Cockerill Hydrogen) and ITM Power. Broad incumbents are Cummins Accelera, Siemens Energy (Silyzer) and Plug Power. Emerging players are Sunfire and Topsoe.
Does Alquion have an API?
No public API is recorded for Alquion.
What industry is Alquion in?
Alquion's product category is Industrial Electrolysers. Its primary akta.pro industry code is IMAGAHAM, Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems).