Ulemco
Ulemco is a Liverpool-based hydrogen propulsion company that converts heavy-duty commercial vehicles, emergency service fleets, and airport ground support equipment to run on hydrogen via proprietary dual-fuel and fuel cell systems, selling conversion services and technology to UK enterprise and government fleet operators.
- Company typePrivate
- Founded2014
- HeadquartersLiverpool, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Ulemco does
ULEMCo is a Liverpool-based private hydrogen propulsion company founded in 2014 that specializes in converting and powering heavy-duty commercial vehicles and airport ground support equipment with hydrogen. Its core technology is a proprietary dual-fuel system that allows existing diesel heavy-duty vehicles to run on hydrogen while retaining diesel as a backup, alongside hydrogen combustion engine conversions and hydrogen fuel cell solutions. The product portfolio spans diesel-to-hydrogen conversion services, dual-fuel ground power units for aviation, hydrogen fuel cell systems for emergency services vehicles (fire engines and ambulances), and an emerging autonomous hydrogen tanker program. The business model is enterprise B2B field sales with three revenue streams: one-time vehicle conversion contracts, technology licensing and royalties, and usage-based hydrogen fuel supply, priced via multi-year project quotes rather than published rates.
The company is headquartered in Liverpool, United Kingdom, operates with 11-50 employees, and is venture-backed with cumulative funding of approximately £7M+ drawn from UK regional and government sources including Mercia Ventures, Northern Powerhouse Investment Fund, Innovate UK, and Advanced Propulsion Centre UK. Its go-to-market relies heavily on partnerships with UK government bodies, research institutions (Cranfield University, Newcastle University), and industry players (TUI, Boeing, Toyota, GeoPura, Port of Tilbury) to validate technology through live pilots such as the Exeter Airport hydrogen ground support equipment trials. Customer concentration skews toward public sector and regulated industries (emergency services, aviation, construction) where decarbonization mandates drive adoption.
The company has signaled expansion intent through a May 2026 MoU with Exogen Hydrogen Solutions for international markets and a planned doubling-plus headcount supported by the 2024 funding round. Commercial revenue is not disclosed and the business remains in a pre-scale, pilot-driven phase with recurring grant and project funding rather than steady commercial ARR.
Ulemco firmographics
Firmographics- Name
- Ulemco
- Legal name
- ULEMCo
- Website
- https://ulemco.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ulemco is a Liverpool-based hydrogen propulsion company that converts heavy-duty commercial vehicles, emergency service fleets, and airport ground support equipment to run on hydrogen via proprietary dual-fuel and fuel cell systems, selling conversion services and technology to UK enterprise and government fleet operators.
- Ownership category
- akta.pro rank
Ulemco industry classification
Industry- Product category
- Hydrogen Vehicle Technology
- NAICS
- Heavy Duty Truck Manufacturing (336120), Turbine and Turbine Generator Set Units Manufacturing (333611), Industrial Gas Manufacturing (32512)
- SIC
- Engines & Turbines (3510), Motors & Generators (3621), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK)
- akta.pro secondary industries
- Hydrogen Fuel Cell Electric Vehicle (FCEV) Manufacturing (IMACACAJ), Hydrogen (Industrial & Mobility) (IMAEACAB), Hydrogen CHP (Fuel Cell & H2-Ready Turbines) (EUACAKAF)
Keywords
Where Ulemco is headquartered
LocationHeadquarters
- HQ city
- Liverpool
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Ulemco business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Vehicle Conversion Services: Converting diesel vans and heavy-duty vehicles to run on hydrogen using proprietary dual fuel technology
- Hydrogen Technology Licensing: Licensing hydrogen combustion engine and fuel cell technologies to fleet operators and vehicle manufacturers
- Hydrogen Fuel Supply: Supply of hydrogen fuel as part of complete zero-emission solutions for heavy-duty vehicles
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise conversion contracts |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Ulemco product offering
Product offeringCore offering
ULEMCo develops and manufactures hydrogen propulsion technologies for heavy-duty vehicles and airport ground support equipment. The company converts existing diesel vans, commercial trucks, fire engines, ambulances, and ground power units to run on hydrogen using proprietary dual fuel and fuel cell systems, enabling fleet operators to achieve zero-emission operation while retaining diesel backup capability.
Product overview
ULEMCo offers a portfolio of hydrogen propulsion solutions for heavy-duty vehicles and airport ground support equipment. The core offerings include hydrogen combustion engines and hydrogen fuel cells designed for conversion of existing vehicles, alongside a dual fuel system that allows simultaneous use of hydrogen and diesel. The company provides diesel-to-hydrogen conversion services for vans and commercial vehicles. Additionally, ULEMCo is developing autonomous hydrogen tankers for the transport sector. For aviation applications, the company supplies dual-fuel ground power units for airport ground support equipment operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Hydrogen Engines
- Hydrogen Fuel Cells
- Dual Fuel System
- Diesel to Hydrogen Conversion Service
- Dual-Fuel Ground Power Unit
Quantifiable outcome
- Significant carbon emission reduction for heavy-duty vehicle fleets
- +1 more outcomes
Companies that use Ulemco
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Ulemco technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Ulemco partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor.
- Exogen Hydrogen SolutionsminorMemorandum of Understanding signed for collaboration on hydrogen innovation projects targeting international markets outside the UK
- Cranfield UniversityminorResearch institution partnering on hydrogen ground support equipment trials at Exeter Airport, providing technical analysis and feasibility studies
- TUIminorAirline partner providing Boeing 737 aircraft for live hydrogen ground support equipment trials at Exeter Airport
- BoeingminorAircraft manufacturer involved in Zero Carbon Turn project demonstrating hydrogen ground support equipment during live aircraft turnaround operations
- Newcastle UniversityminorAcademic research partner that conducted study on hydrogen-powered ground support equipment published in the Journal of Air Transport Research Society, with ULEMCo heading the engineering project
- Port of TilburyminorPort hosting hydrogen showcase event demonstrating practical hydrogen solutions for production, storage, and dispensing applicable to ports and construction
- ToyotaminorAutomotive manufacturer co-hosting hydrogen showcase at Port of Tilbury demonstrating hydrogen technology applications
Scale indicators4 records
Recent moves6 records
Expansion highlights7 records
Ulemco competitors and assessment
Company assessmentDirect peers
- Ballard Power Systems: Canadian fuel cell manufacturer supplying PEM fuel cell systems for heavy-duty trucks, buses, and trains. Comparable as a provider of hydrogen fuel cell technology for commercial heavy-duty applications.
- Hyzon Motors: US-based hydrogen fuel cell truck developer targeting Class 8 commercial vehicles. Directly comparable as a focused hydrogen heavy-duty truck player, though ULEMCo's retrofit focus differentiates it.
- Wrightbus: Northern Ireland-based manufacturer of hydrogen fuel cell buses, including the StreetDeck Hydroliner. Directly comparable as a UK-focused hydrogen heavy-duty vehicle producer targeting fleet operators with zero-emission transport solutions.
- JCB: UK construction equipment manufacturer developing hydrogen combustion engines for backhoe loaders and other heavy machinery. Comparable to ULEMCo's hydrogen combustion engine work for heavy-duty applications outside passenger vehicles.
- Hyundai Motor Company (XCIENT Fuel Cell): Hyundai's XCIENT Fuel Cell is a commercially deployed Class 8 hydrogen truck. Directly comparable as a heavy-duty hydrogen vehicle platform provider, though operating at much larger scale.
- Renault Trucks (hydrogen range): Renault Trucks has launched hydrogen fuel cell and combustion variants of its heavy-duty trucks in Europe. Comparable as a European OEM pursuing multiple hydrogen powertrain pathways for commercial fleets.
- Volvo Trucks (hydrogen): Volvo Trucks is testing hydrogen combustion trucks in collaboration with Westport Fuel Systems. Directly comparable as a major European truck OEM pursuing hydrogen as a zero-emission solution for heavy-duty applications.
- Daimler Truck (GenH2): Daimler Truck is developing liquid hydrogen fuel cell trucks under the GenH2 program. Directly comparable as an established heavy-duty OEM pursuing hydrogen propulsion for long-haul trucking.
Broad incumbents
- Cummins (Accelera hydrogen): Cummins' Accelera segment develops hydrogen fuel cell powertrains for commercial vehicles as part of a broader powertrain portfolio. Comparable as a hydrogen commercial vehicle technology provider, though much larger and more diversified.
Emerging players
- GeoPura: UK-based hydrogen power solutions provider using hydrogen fuel cells for off-grid electricity and construction site power. Comparable as an emerging UK hydrogen company targeting industrial and infrastructure use cases adjacent to ULEMCo's heavy-duty focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Ulemco social profiles
Digital presenceUlemco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ulemco leadership team
Management profileNumber of profiles
Profiles1 record
Ulemco funding detail
Funding detailFunding overview
Funding rounds5 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ulemco 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 Ulemco
What does Ulemco do?
ULEMCo develops and manufactures hydrogen propulsion technologies for heavy-duty vehicles and airport ground support equipment. The company converts existing diesel vans, commercial trucks, fire engines, ambulances, and ground power units to run on hydrogen using proprietary dual fuel and fuel cell systems, enabling fleet operators to achieve zero-emission operation while retaining diesel backup capability.
Is Ulemco a public or private company?
Ulemco is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ulemco founded?
Ulemco was founded in 2014. It employs 11 to 50 people.
Where is Ulemco based?
Ulemco is headquartered in Liverpool, United Kingdom, in the Europe region.
How does Ulemco make money?
Three revenue lines are on record. Vehicle Conversion Services are the primary driver. The others are hydrogen Technology Licensing and hydrogen Fuel Supply.
Who are Ulemco's main competitors?
Direct peers on record are Ballard Power Systems, Hyzon Motors, Wrightbus, JCB, Hyundai Motor Company (XCIENT Fuel Cell), Renault Trucks (hydrogen range), Volvo Trucks (hydrogen) and Daimler Truck (GenH2). Cummins (Accelera hydrogen) is listed as a broad incumbent. GeoPura is listed as an emerging player.
Does Ulemco have an API?
No public API is recorded for Ulemco.
What industry is Ulemco in?
Ulemco's product category is Hydrogen Vehicle Technology. Its primary akta.pro industry code is IMACABAK, Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells), with a secondary code of IMACACAJ, Hydrogen Fuel Cell Electric Vehicle (FCEV) Manufacturing. Its NAICS code is 336120 and its SIC code is 3510.