Hydra Energy
Hydra Energy is a Canadian Hydrogen-as-a-Service (HaaS) provider that retrofits heavy-duty Class 8 diesel trucks with proprietary hydrogen-diesel co-combustion kits, supplying fuel and refueling infrastructure to enterprise fleets in Western Canada at zero upfront cost via long-term contracts.
- Company typePrivate
- Founded2016
- HeadquartersDelta, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Hydra Energy does
Hydra Energy is a Canadian cleantech company headquartered in Delta, British Columbia, that operates as a Hydrogen-as-a-Service (HaaS™) provider targeting heavy-duty Class 8 trucking fleets. The company has been developing its core technology since 2012 and was officially formed around 2016. Its flagship offering is a proprietary hydrogen-diesel co-combustion dual-injection retrofit kit that injects hydrogen directly into a diesel truck's air intake, displacing up to 40% of diesel fuel without modifying the engine block. The conversion kit is plug-and-play, fully removable, and reversible, and embeds proprietary machine learning that auto-calibrates the hydrogen injection process to make the system platform-agnostic across truck makes and models.
Hydra delivers the conversion kit, hydrogen fuel supply, and refueling infrastructure at zero upfront cost to fleet operators in exchange for long-term, multi-year fuel contracts priced at or below diesel-equivalent rates. Low-carbon hydrogen is sourced primarily from industrial waste hydrogen capture (anchored by a 30-year supply agreement with Chemtrade) and on-site electrolysis powered by BC Hydro electricity at its flagship Prince George station (3,250 kg/day capacity across four bays, capable of refueling 24 trucks per hour). The company supplements fuel sales with Low Carbon Fuel Standard credit revenue, government grants, and fees from partners such as Edmonton International Airport, the Port of Prince Rupert, and First Truck Centre (a 13-location dealer/service partner across Alberta and BC).
The company has cumulatively raised approximately CAD $22 million in equity and grant funding, with a CAD $15 million Series A led by Just Business in May 2021 (only partially delivered as of 2025) and additional federal and provincial grants from NRCan, SDTC, Alberta Innovates, Innovate BC, and the BC LCFS program. Hydra serves enterprise customers including Lodgewood Enterprises, Veteran Express Secure Logistics (VEXSL), Hercules Logistics, and Pilot Flying J, with a pipeline of roughly 65-90 trucks and operations in British Columbia, Alberta, Saskatchewan, and at the Port of Prince Rupert. The company is currently led on an interim basis by co-founder and Chief Innovation Officer Badr Abduljawad following the February 2024 departure of CEO Jessica Verhagen.
Hydra Energy firmographics
Firmographics- Name
- Hydra Energy
- Legal name
- Hydra Energy Canada Corporation
- Website
- https://hydraenergy.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Hydra Energy is a Canadian Hydrogen-as-a-Service (HaaS) provider that retrofits heavy-duty Class 8 diesel trucks with proprietary hydrogen-diesel co-combustion kits, supplying fuel and refueling infrastructure to enterprise fleets in Western Canada at zero upfront cost via long-term contracts.
- Ownership category
- akta.pro rank
Hydra Energy industry classification
Industry- Product category
- Clean Transportation Hydrogen Fuel Services
- NAICS
- Fuel Dealers (45721)
- SIC
- Engines & Turbines (3510)
- akta.pro primary industry
- Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF)
- akta.pro secondary industry
- Hydrogen Fuel Cell Electric Vehicle (FCEV) Manufacturing (IMACACAJ)
Keywords
Where Hydra Energy is headquartered
LocationHeadquarters
- HQ city
- Delta
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Hydra Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Infrastructure, Supply Chain, Personnel, Operations, Marketing or Sales
Revenue model
- Hydrogen-as-a-Service (HaaS): The company provides hydrogen-diesel conversion kits and hydrogen fuel to fleet operators at no upfront cost. Fleet operators sign long-term fuel contracts priced at diesel-equivalent or below diesel rates. The company generates revenue through hydrogen fuel sales and potentially through LCFS (Low Carbon Fuel Standard) credits.
- Green Hydrogen Fuel Sales: Sells low-carbon hydrogen fuel to converted fleet customers at fixed discount lower than diesel costs. Hydrogen is sourced from waste hydrogen capture from industrial partners like Chemtrade.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Multi-year contract | Zero upfront cost conversion with hydrogen fuel at diesel-equivalent pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Hydra Energy product offering
Product offeringCore offering
Hydra Energy sells a Hydrogen-as-a-Service (HaaS) offering that bundles a proprietary hydrogen-diesel co-combustion conversion kit, green hydrogen fuel supply, and on-site refuelling infrastructure for Class 8 heavy-duty trucks. Fleet operators pay no upfront cost; the company earns recurring revenue through long-term hydrogen fuel contracts priced at or below diesel parity. The retrofit technology displaces up to 40% of diesel with hydrogen via a plug-and-play dual-injection system requiring no engine modifications.
Product overview
Hydra Energy operates as a Hydrogen-as-a-Service (HaaS™) provider offering an integrated portfolio of hardware and services for decarbonizing heavy-duty trucking. The core offering combines proprietary hydrogen-diesel co-combustion conversion kits (which retrofit existing Class 8 diesel trucks to run on blended hydrogen and diesel), green hydrogen fuel supply (sourced from industrial waste hydrogen), and on-site refuelling infrastructure. The conversion kit displaces up to 40% of diesel with hydrogen, reduces GHG emissions by up to 40% per truck, and requires no engine modifications. All components are provided at zero upfront cost to fleet operators in exchange for long-term fuel contracts. The company also embeds proprietary machine learning in its conversion kits to optimize hydrogen injection and maximize diesel displacement across different truck makes and models.
Differentiator
Problem solved
Functional benefit
Brands
- Hydrogen-as-a-Service (HaaS): The company's core service model providing hydrogen-diesel co-combustion conversion kits and green hydrogen fuel to fleet operators at diesel-equivalent prices with no upfront investment
- HaaS
Products and services
- Hydrogen-Diesel Co-Combustion Conversion Kit A plug-and-play dual-injection retrofit system that installs on existing Class 8 diesel trucks to co-combust hydrogen and diesel. The kit injects hydrogen directly into the truck's air intake without engine block modifications, displacing up to 40% of diesel with hydrogen, and is fully removable and reversible with no impact on truck warranties, range, power, torque, or payload.
- Hydrogen-as-a-Service (HaaS™) An end-to-end service model bundling hydrogen-diesel conversion kits, green hydrogen fuel supply, and on-site refuelling infrastructure at zero upfront cost to fleet operators. Customers sign multi-year fuel contracts priced at diesel-equivalent or below-diesel rates. HaaS connects low-carbon hydrogen supply with fleet demand, solving the chicken-and-egg problem of hydrogen adoption.
- Green Hydrogen Fuel Low-carbon hydrogen fuel sourced primarily from industrial waste hydrogen capture (by-product of manufacturing processes) and supplied to converted fleets at fixed prices equivalent to or below diesel costs. Excess hydrogen can be sold to natural gas distributors. Produced on-site at Hydra's refuelling stations via electrolysers powered by renewable electricity.
- Hydrogen Refuelling Infrastructure On-site hydrogen refuelling stations installed at no cost to fleet operators as part of the HaaS offering. The flagship Prince George station produces 3,250 kg of green hydrogen daily using two 5-megawatt electrolysers powered by BC Hydro electricity, with capacity to refuel up to 24 Hydra-converted trucks per hour across four refuelling bays.
Quantifiable outcome
- Reduces GHG emissions by up to 40% per converted truck
- +4 more outcomes
Companies that use Hydra Energy
Customer profileNamed customers4 records
Segments1 record
Ideal customer profiles2 records
Hydra Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature3 records
Hydra Energy partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered minor and core.
- Nuport RoboticsminorBC technology company deploying emissions data-collection system for port trucks as part of the Integrated Marketplace initiative at Port of Prince Rupert.
- Open Ocean RoboticsminorBC technology company testing zero-emission autonomous surface vessel for marine monitoring as part of the Integrated Marketplace initiative at Port of Prince Rupert.
- Innovate BCcoreBC Crown Agency administering the $23-million Integrated Marketplace Program funding hydrogen truck testing at Port of Prince Rupert. Program backed by Government of British Columbia and BC Centre for Innovation and Clean Energy (CICE).
- Prince Rupert Port AuthoritycoreLed $1-million project with Hydra Energy to develop hydrogen-fuelling station and test zero- and low-emission vehicles at Port of Prince Rupert for decarbonization and sustainability.
- WoodminorEngineering consulting firm that conducted detailed engineering study for the Prince George hydrogen fueling station project.
- First Truck CentrecorePartnership with largest western Canadian-owned and operated Freightliner and Western Star dealership group with 13 locations across Alberta and BC. First Truck Centre provides installation, training, and maintenance support for Hydra conversion kits across Western Canada. Supported by Centre for Innovation and Clean Energy (CICE).
- Edmonton International Airport (EIA)corePartnership to deliver North America's first airside hydrogen-diesel fleet within EIA's Airport City Sustainability Campus. EIA will develop hydrogen fueling infrastructure for converted trucks, creating a self-contained testbed for sustainability innovation.
- Hercules LogisticsminorPartnership to demonstrate Hercules Class 8 fleet retrofitted with Hydra's hydrogen-diesel co-combustion system within Edmonton International Airport's Sustainability Campus.
- Pilot Flying JminorNorth American truck stop provider with over 750 travel centre locations. Conducting road trial with Hydra's technology incorporating machine learning on their own fleet of trucks.
- ChemtradecoreStrategic partnership to provide commercial truck fleets with low carbon hydrogen sourced from waste hydrogen capture. Initial focus on flagship project in Northeast BC with 30 years of hydrogen supply secured. Excess hydrogen can be sold to natural gas distributors.
- PCL ConstructionminorCanada's largest construction company engaged for construction of the Prince George hydrogen refueling station.
- BC HydrominorMain electricity utility in BC providing power to the Prince George hydrogen refueling station's 5-megawatt electrolysers for green hydrogen production.
- Alberta Motor Transport Association (AMTA)corePartnership to offer AMTA member fleets demonstration and test drive opportunities of Hydra's hydrogen-diesel conversion technology. AMTA supports zero-emissions mobility strategy and hydrogen landscape exploration.
- BC Trucking AssociationcoreIndustry association supporting adoption of hydrogen technology in trucking. Advocated for hydrogen vehicle weight allowances and supports member fleets exploring hydrogen solutions.
- BC Centre for Innovation and Clean Energy (CICE)coreNon-profit founded by Government of British Columbia and Shell to enable clean energy breakthroughs. Supports Hydra and First Truck Centre partnership and BC Hydrogen Changemakers Consortium.
Scale indicators13 records
Recent moves8 records
Expansion highlights6 records
Hydra Energy competitors and assessment
Company assessmentDirect peers
- Hyzon Motors: U.S.-listed hydrogen fuel cell truck OEM building Class 8 zero-emission vehicles. Competes for the same heavy-duty fleet decarbonization budget, though with purpose-built FCEV trucks rather than retrofits.
- Westport Fuel Systems: Canadian company developing alternative fuel systems (CNG, LNG, and increasingly hydrogen) for heavy-duty trucks. Closest functional peer as a fuel-system technology provider retrofitting existing diesel engines for cleaner combustion — directly comparable to Hydra's hydrogen-diesel co-combustion approach.
- Ballard Power Systems: Canadian fuel cell manufacturer focused on heavy-duty mobility (trucks, buses, trains, marine). Competes for the same hydrogen-powered heavy-duty trucking customer base, though using fuel cell rather than co-combustion technology.
- Plug Power: U.S. hydrogen fuel cell and green hydrogen infrastructure provider with growing exposure to commercial vehicles including Class 8 trucks. Directly comparable as a hydrogen fuel and infrastructure company targeting heavy-duty fleet decarbonization.
- Nikola Corporation: North American hydrogen fuel cell and BEV truck OEM with hydrogen refueling infrastructure plans. Direct competitor for hydrogen-powered Class 8 fleet adoption.
Broad incumbents
- Daimler Truck: Global heavy-duty truck OEM developing hydrogen fuel cell trucks (GenH2 platform) and battery-electric alternatives. Represents the OEM-side competition for fleet operators' zero-emission capex, contrasting with Hydra's retrofit approach.
- Cummins: Global diesel engine and powertrain incumbent with active hydrogen internal combustion engine and fuel cell development programs for heavy-duty trucks. Comparable as a major engine technology provider competing in the same end market with broader portfolio capabilities.
- Air Products: Global industrial gas giant and largest U.S. hydrogen producer with significant green hydrogen and heavy-duty refueling station investments. Comparable as a hydrogen production and infrastructure provider at scale.
Regional players
- First Element Fuel: California-based hydrogen refueling station operator and infrastructure developer. Comparable infrastructure playbook for heavy-duty hydrogen refueling clusters, though operating in a different geography than Hydra's Western Canada focus.
Others
- Chart Industries: Supplier of cryogenic and hydrogen handling equipment including liquid hydrogen storage, compression, and refueling station components. Adjacent enabling player whose equipment Hydra's refueling stations depend on.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Hydra Energy social profiles
Digital presenceHydra Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hydra Energy leadership team
Management profileNumber of profiles
Profiles6 records
Hydra Energy funding detail
Funding detailFunding overview
Funding rounds5 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hydra 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 Hydra Energy
What does Hydra Energy do?
Hydra Energy sells a Hydrogen-as-a-Service (HaaS) offering that bundles a proprietary hydrogen-diesel co-combustion conversion kit, green hydrogen fuel supply, and on-site refuelling infrastructure for Class 8 heavy-duty trucks. Fleet operators pay no upfront cost; the company earns recurring revenue through long-term hydrogen fuel contracts priced at or below diesel parity. The retrofit technology displaces up to 40% of diesel with hydrogen via a plug-and-play dual-injection system requiring no engine modifications.
Is Hydra Energy a public or private company?
Hydra Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Hydra Energy founded?
Hydra Energy was founded in 2016. It employs 11 to 50 people.
Where is Hydra Energy based?
Hydra Energy is headquartered in Delta, Canada, in the North America region.
How does Hydra Energy make money?
Two revenue lines are on record. Hydrogen-as-a-Service (HaaS) is the primary driver. The others are green Hydrogen Fuel Sales.
Who are Hydra Energy's main competitors?
Direct peers on record are Hyzon Motors, Westport Fuel Systems, Ballard Power Systems, Plug Power and Nikola Corporation. Broad incumbents are Daimler Truck, Cummins and Air Products. First Element Fuel is listed as a regional player. Chart Industries is listed as an others.
Does Hydra Energy have an API?
No public API is recorded for Hydra Energy.
What industry is Hydra Energy in?
Hydra Energy's product category is Clean Transportation Hydrogen Fuel Services. Its primary akta.pro industry code is EUAJAJAF, Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending, with a secondary code of IMACACAJ, Hydrogen Fuel Cell Electric Vehicle (FCEV) Manufacturing. Its NAICS code is 45721 and its SIC code is 3510.