OxEon Energy
OxEon Energy designs and manufactures industrial-scale solid oxide electrolysis stacks, plasma reformers, and Fischer-Tropsch reactors that produce hydrogen, syngas, and drop-in synthetic fuels from water and CO2, serving U.S. government agencies (NASA, DOE, DoD labs), industrial decarbonization customers, and aerospace/defense programs.
- Company typePrivate
- Founded2017
- HeadquartersNorth Salt Lake, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What OxEon Energy does
OxEon Energy is a privately held cleantech manufacturer founded in 2017 and headquartered in North Salt Lake, Utah, that designs and builds industrial-scale systems for producing clean fuels from water and CO2 using high-temperature solid oxide electrolysis (SOEC) technology. The company's product platform consists of three proprietary, integrated systems: Solid Oxide Electrolysis Stacks that produce hydrogen and syngas from water and CO2 and can also operate in fuel cell mode, Plasma Reformers that condition diverse hydrocarbon feedstocks (including sulfur-tolerant reforming of natural gas), and Fischer-Tropsch Reactors that convert syngas into drop-in replacement fuels such as Sustainable Aviation Fuel, synthetic diesel, lubricants, and waxes. The company also manufactures the Non-Thermal Plasma Oxidizer, sold commercially to Midrex/Kobe Steel for use at industrial gas processing plants. OxEon's technology heritage includes the design, development, and manufacture of the MOXIE solid oxide electrolysis stack that produced oxygen on Mars aboard NASA's Perseverance rover in April 2021 — the first fuel production off Earth's surface. The company is led by co-founders Joseph Hartvigsen (CEO), S. "Elango" Elangovan (CSO), Jessica Elwell (COO), and Kevin Moon (CFO), with a leadership team that combines more than 80 years of relevant experience and a 30-year collaboration history on solid oxide technology.
OxEon generates revenue primarily through direct enterprise sales of custom-engineered hardware systems, engineering services, and balance-of-plant subsystems to industrial customers, U.S. government agencies (NASA, DOE, Department of Defense laboratories), and research institutions. Pricing is quote-based and project-specific with no publicly disclosed standard tiers, and custom system delivery cycles run approximately seven months. The company supplements its primary hardware revenue stream with engineering services to adapt proven technology to specific customer challenges. Its go-to-market is enterprise field sales targeting anchor accounts in sustainable aviation fuel, industrial decarbonization (steel, cement, chemicals, oil & gas), space exploration, and defense/remote power, complemented by event-driven thought leadership at industry conferences (Carbon Dioxide Utilization Summit, hydrogen industry events, aerospace/defense events) and partnerships with industry associations such as the Utah Aerospace & Defense Association and the Western States Hydrogen Alliance.
The company has raised approximately $56 million in U.S. Department of Energy grants — $20 million in October 2021 for the Palo Verde Power-to-Power demonstration and $36 million in March 2024 under the Bipartisan Infrastructure Law to scale solid oxide electrolysis manufacturing to 25 MWe annual capacity — with no disclosed venture capital or private equity investment. OxEon is scaling its manufacturing footprint through a new Biogas-to-Oil pilot facility opened in North Salt Lake in November 2025 and an automation consortium with JR Automation, ASYS Group, ONEJOON, and Silverstone. The company holds 50 patents submitted, has produced 300+ peer-reviewed publications, and operates with 11–50 employees from its North Salt Lake headquarters.
OxEon Energy firmographics
Firmographics- Name
- OxEon Energy
- Legal name
- OxEon Energy
- Website
- https://oxeonenergy.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- OxEon Energy designs and manufactures industrial-scale solid oxide electrolysis stacks, plasma reformers, and Fischer-Tropsch reactors that produce hydrogen, syngas, and drop-in synthetic fuels from water and CO2, serving U.S. government agencies (NASA, DOE, DoD labs), industrial decarbonization customers, and aerospace/defense programs.
- Ownership category
- akta.pro rank
OxEon Energy industry classification
Industry- Product category
- Industrial Clean Fuel Production Systems
- NAICS
- Industrial Gas Manufacturing (32512), Engine, Turbine, and Power Transmission Equipment Manufacturing (33361), Petrochemical Manufacturing (32511), Basic Chemical Manufacturing (3251)
- SIC
- Engines & Turbines (3510), Industrial Organic Chemicals (2860), Industrial Inorganic Chemicals (2810), Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- On-Site Gas Generation Systems (IMAEACAJ)
- akta.pro secondary industries
- Fuel Cell CHP (SOFC/PEM—Natural Gas/Biogas/Hydrogen) (EUACAKAG), Chemical/Fuel-Based LDES (Hydrogen-to-Power, Ammonia, LOHC, Synthetic Fuels) (EUAFADAE), Synthetic Methane (SNG/e-methane) Storage & Grid Injection Interfaces (EUAFAFAD)
Keywords
Where OxEon Energy is headquartered
LocationHeadquarters
- HQ city
- North Salt Lake
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
OxEon Energy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Infrastructure, Personnel, Marketing or Sales, Operations
Revenue model
- Solid Oxide System Sales: Sale of proprietary solid oxide electrolysis stacks, plasma reformers, and Fischer-Tropsch reactors as industrial-scale systems. Revenue derived from equipment sales, engineering services, and balance of plant subsystems to industrial customers, government agencies, and research institutions.
- Specialized Equipment & Components: Sale of specialized components such as non-thermal plasma oxidizers and spare parts. The company supplies equipment tailored to customer specifications with delivery timelines of approximately 7 months for custom orders.
- Engineering Services: Bespoke solutions including stacks, balance of plant, and full engineering services provided to adapt proven technology to specific customer challenges.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom Enterprise Solutions - Quote-based pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
OxEon Energy product offering
Product offeringCore offering
OxEon Energy designs and manufactures industrial-scale solid oxide systems that produce clean, reliable fuels on-site from water and CO2. The company sells three proprietary systems — Solid Oxide Electrolysis Stacks (SOEC), Plasma Reformers, and Fischer-Tropsch Reactors — individually or integrated as a modular fuel platform to industrial customers, government agencies, and research institutions. It also provides custom engineering services and balance-of-plant subsystems for adapting its technology to specific customer applications.
Product overview
OxEon Energy manufactures industrial-scale systems that produce clean, reliable fuels on-site using proprietary high-temperature solid oxide technology. The company's product portfolio consists of three proprietary systems that work together as a modular fuel platform: Solid Oxide Electrolysis Stacks (SOEC) for producing hydrogen and syngas from water and CO₂, Plasma Reformers for low-energy gas conditioning and feedstock preparation, and Fischer-Tropsch Reactors for converting syngas into drop-in replacement fuels (SAF, Synthetic Diesel, Lubes, Waxes). The company also developed the MOXIE system for NASA's Perseverance rover, which successfully produced oxygen on Mars in April 2021. Their technology delivers higher efficiency and purity than alternatives, works with diverse feedstocks beyond just steam, and operates with proven resilience in demanding industrial environments.
Differentiator
Problem solved
Functional benefit
Products and services
- Solid Oxide Electrolysis Stacks (SOEC)
Quantifiable outcome
- Successfully produced oxygen on Mars - first fuel production off Earth's surface
- +3 more outcomes
Companies that use OxEon Energy
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
OxEon Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
OxEon Energy partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered major, core and minor.
- Public-Private Partnerships (Biogas-to-Oil)majorBiogas-to-Oil pilot facility in North Salt Lake integrating innovative electrolysis technologies and public-private partnerships to produce synthetic fuels and promote local industry growth.
- NASA / MITcoreMOXIE (Mars Oxygen In-Situ Resource Utilization Experiment) collaboration. OxEon designed, developed, and built the solid oxide electrolysis stack that successfully produced oxygen on Mars aboard the Perseverance rover. First fuel production off Earth's surface - historic NASA/MIT managed program.
- Midrex / Kobe SteelcoreContract for multiple units of non-thermal plasma oxidizer technology. Jointly developed oxidizer will be used at Kobe-constructed plants to convert gas streams to CO2 and water. Includes spare parts order. Seven-month delivery timeline.
- JR Automation, ASYS Group, ONEJOON Inc., Silverstone AutomationmajorStrategic collaboration with industry leaders to develop and integrate state-of-the-art manufacturing equipment for 25 MWe annual production capacity. Part of DOE-funded manufacturing automation project.
- NREL, PNNL, University of New Mexico, University of Utah, Georgia Tech, Florida A&M University, UAMMImajorResearch and development partnerships focused on quality systems development, technoeconomic analyses, and community benefits plans. Part of DOE-funded manufacturing scale-up project.
- Naval Research LaboratorycoreCollaboration on seawater-to-fuel initiative. OxEon provided reactor for validating potassium-promoted molybdenum carbide catalyst that converts CO2 to CO at industrial scale - critical step in Navy's effort to power ships by converting seawater into fuel.
- Idaho National LaboratorycoreLong-standing collaboration spanning decades with INL researchers including Frost, who later co-founded OxEon. Focus on solid oxide technology commercialization for clean energy applications including anaerobic digester gas conversion.
- Utah Aerospace & Defense Association (UADA)minorPartnership for visibility and growth in the aerospace and defense industry. UADA provides overview and promotion of OxEon's energy conversion technology to its member network.
- Western States Hydrogen AllianceminorFormal introduction and partnership for collaboration on hydrogen initiatives in the western United States. Led by Roxana B.
- Utah Office of Energy DevelopmentminorState-level partnership for discussion of OxEon's role in Utah's renewable energy strategy. Includes visits and collaboration on state energy initiatives.
- 47G (Utah Aerospace & Defense)minorOxEon exhibited with Uplift Aerospace at Utah Symphony 'Innovation in Concert' event organized by 47G to increase public visibility for Utah's aerospace and defense industry.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
OxEon Energy competitors and assessment
Company assessmentDirect peers
- Bloom Energy: Bloom Energy manufactures solid oxide fuel cells (SOFC) and has expanded into solid oxide electrolysis (SOEC), the same high-temperature electrochemical technology family OxEon uses. Both target industrial customers for on-site clean power and hydrogen/syngas production from natural gas, biogas, or hydrogen feedstocks.
- Sunfire: Sunfire is a leading European SOEC electrolyzer manufacturer producing high-temperature electrolysis stacks for green hydrogen and e-fuels production from water and CO2. It competes head-to-head with OxEon in the same SOEC-based Power-to-X and synthetic fuel value chain.
- Topsoe: Topsoe supplies SOEC electrolysis technology alongside its proprietary syngas and Fischer-Tropsch/e-fuels catalysts and process know-how. It is one of the closest direct competitors to OxEon's integrated stack-plus-Fischer-Tropsch synthetic fuel platform.
Broad incumbents
- Nel ASA: Nel ASA is a globally scaled electrolyzer manufacturer focused primarily on alkaline and PEM technologies for green hydrogen. It competes with OxEon for industrial and government hydrogen project dollars, though via a different low-temperature electrochemical pathway.
- Cummins (Accelera): Cummins' Accelera segment manufactures PEM electrolyzers and hydrogen fuel cell systems for heavy-duty and industrial applications. It is a broader incumbent competing with OxEon in hydrogen production and downstream fuel cell deployment.
- Plug Power: Plug Power is a large publicly-traded hydrogen and fuel cell company building PEM electrolyzers, fuel cells, and green hydrogen production infrastructure. It competes with OxEon across industrial hydrogen, fuel cell power, and government/e-mobility contracts.
- ITM Power: ITM Power is a UK-based PEM electrolyzer manufacturer scaling green hydrogen production systems for industrial and utility customers. It is an indirect competitor in the broader hydrogen production market that OxEon addresses with SOEC technology.
- Linde: Linde is one of the world's largest industrial gas companies producing hydrogen, syngas, and related gases at scale via both on-site generation and delivered supply. It is a broad incumbent that competes with or supplies into the same industrial decarbonization and hydrogen/syngas customers OxEon targets.
Emerging players
- Advent Technologies: Advent Technologies develops high-temperature proton exchange membrane (HT-PEM) fuel cells and electrolysis systems targeting similar industrial decarbonization use cases as OxEon's SOEC. It is a niche but adjacent emerging player in high-temperature electrochemical systems.
- HIF Global: HIF Global produces e-fuels (synthetic gasoline, diesel, SAF) using renewable hydrogen and captured CO2 via Fischer-Tropsch synthesis. It is a downstream peer to OxEon's Fischer-Tropsch reactors, competing in the same synthetic aviation and road fuel markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
OxEon Energy social profiles
Digital presenceOxEon Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
OxEon Energy leadership team
Management profileNumber of profiles
Profiles4 records
OxEon Energy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OxEon Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OxEon Energy
What does OxEon Energy do?
OxEon Energy designs and manufactures industrial-scale solid oxide systems that produce clean, reliable fuels on-site from water and CO2. The company sells three proprietary systems — Solid Oxide Electrolysis Stacks (SOEC), Plasma Reformers, and Fischer-Tropsch Reactors — individually or integrated as a modular fuel platform to industrial customers, government agencies, and research institutions. It also provides custom engineering services and balance-of-plant subsystems for adapting its technology to specific customer applications.
Is OxEon Energy a public or private company?
OxEon Energy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was OxEon Energy founded?
OxEon Energy was founded in 2017. It employs 11 to 50 people.
Where is OxEon Energy based?
OxEon Energy is headquartered in North Salt Lake, United States, in the North America region.
How does OxEon Energy make money?
Three revenue lines are on record. Solid Oxide System Sales are the primary driver. The others are specialized Equipment & Components and engineering Services.
Who are OxEon Energy's main competitors?
Direct peers on record are Bloom Energy, Sunfire and Topsoe. Broad incumbents are Nel ASA, Cummins (Accelera), Plug Power, ITM Power and Linde. Emerging players are Advent Technologies and HIF Global.
Does OxEon Energy have an API?
No public API is recorded for OxEon Energy.
What industry is OxEon Energy in?
OxEon Energy's product category is Industrial Clean Fuel Production Systems. Its primary akta.pro industry code is IMAEACAJ, On-Site Gas Generation Systems, with a secondary code of EUACAKAG, Fuel Cell CHP (SOFC/PEM—Natural Gas/Biogas/Hydrogen). Its NAICS code is 32512 and its SIC code is 3510.