Dioxide Materials
Dioxide Materials designs and sells research-grade alkaline anion exchange membrane electrolyzers, Sustainion® membranes, and components for CO2 conversion, water electrolysis, and formic acid production, serving universities, national labs, and clean-energy developers via direct e-commerce.
- Company typePrivate
- Founded2009
- HeadquartersBoca Raton, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Dioxide Materials does
Dioxide Materials, Inc. is a privately held Boca Raton, Florida-based company (founded 2009 in Champaign, Illinois by Professor Rich Masel) that designs and sells alkaline anion exchange membrane (AEM) electrolyzers and components for CO2 conversion, water electrolysis, and CO2-to-formic-acid production. The company's core proprietary technology is the Sustainion® family of anion exchange membranes, which it claims achieve the lowest area-specific resistance (0.045 Ω-cm² for the X37-50 grade in 1M KOH at 60°C) of any commercial alkaline exchange membrane, enabling CO2 electrolyzers to reach 500 mA/cm² at 3V with greater than 95% Faraday efficiency and a demonstrated 6-month stable run at 6 μV/hr degradation. Its AEM water electrolyzers operate at 1 A/cm² at 1.8–1.9V without platinum or iridium catalysts, and its patented EMIM–silver co-catalyst system achieves 98% selectivity at a 0.17V overpotential.
The product portfolio spans four cell sizes (5 cm², 25 cm², 100 cm², 250 cm²) of CO2, water, and formic-acid electrolyzers, plus the Sustainion® membrane line (Grades RT, 60, T, FA, E30T, E28T, B22T), alkaline ionomers (XA-9, XB-7, XC-1, XC-2), catalyst-coated gas diffusion electrodes, gas diffusion layers, cell hardware, and (as of June 2024) automated test stations priced at $82,887–$95,647. Pricing is unit-based and transparent, with membrane sheets ranging from $26 to roughly $6,059 and complete electrolyzers from $2,488 to $18,271.
The company runs a product-led, direct e-commerce go-to-market through its WooCommerce storefront (dioxidematerials.com), targeting research institutions, universities, national labs, and R&D groups as its primary customer segment, with industrial clean-energy developers as a secondary segment pursuing scale-up. Commercial revenue is not disclosed; the company's growth has been substantially funded by U.S. Department of Energy and National Science Foundation grants totaling roughly $18.3M, most recently a $16M award under the Bipartisan Infrastructure Law's Clean Fuels & Products Shot initiative in January 2025. Strategic development partnerships are in place with 3M, LanzaTech, and NREL to support commercialization.
Dioxide Materials firmographics
Firmographics- Name
- Dioxide Materials
- Legal name
- Dioxide Materials, Inc.
- Website
- https://dioxidematerials.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Dioxide Materials designs and sells research-grade alkaline anion exchange membrane electrolyzers, Sustainion® membranes, and components for CO2 conversion, water electrolysis, and formic acid production, serving universities, national labs, and clean-energy developers via direct e-commerce.
- Ownership category
- akta.pro rank
Dioxide Materials industry classification
Industry- Product category
- Electrochemical Equipment for CO2 Conversion and Water Electrolysis
- NAICS
- Basic Chemical Manufacturing (3251), All Other Chemical Product and Preparation Manufacturing (32599), Chemical Manufacturing (325)
- SIC
- Industrial Organic Chemicals (2860), Miscellaneous Chemical Products (2890)
- akta.pro primary industry
- Electrochemical CO₂ Conversion Systems (electrolyzers, catalysts, reactors, balance‑of‑plant) (EUABAIAK)
- akta.pro secondary industries
- Separators & Membranes Manufacturing (EUAFABAE), Ion Exchange Resins & Functional Adsorbents (IMAEAIAH), Electrolytes & Additives Manufacturing (Liquid, Gel, Solid-State) (EUAFABAD)
Keywords
Where Dioxide Materials is headquartered
LocationHeadquarters
- HQ city
- Boca Raton
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Dioxide Materials business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Electrolyzer and Component Sales: Dioxide Materials sells research-grade electrolyzers (CO2, water, formic acid electrolyzers in 5 cm², 25 cm², 100 cm², and 250 cm² cell sizes), Sustainion® anion exchange membranes, alkaline ionomers (XA-9, XB-7, XC-1, XC-2), catalyst-coated gas diffusion electrodes, gas diffusion layers, cell hardware (flow fields, gaskets, O-rings), accessories, and automated test stations. Products are sold via direct e-commerce through the company website. Pricing is publicly listed for most products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Sustainion® X37-50 Grade RT Membrane – $281.00 (standard size) |
| Unit Pricing | Pay-as-you-go | Sustainion® B22T Battery Membrane – $399.00 |
| Unit Pricing | Pay-as-you-go | Sustainion® E30T Battery Membrane |
| Unit Pricing | Pay-as-you-go | Sustainion® X37T Membrane – $521.00 |
| Unit Pricing | Pay-as-you-go | Sustainion® X37FA Membrane – $281.00 |
| Unit Pricing | Pay-as-you-go | Complete 5 cm² CO2 Electrolyzer – $2,488.00 |
| Unit Pricing | Pay-as-you-go | Complete 25 cm² CO2 Electrolyzer – $4,091.60 |
| Unit Pricing | Pay-as-you-go | Complete 100 cm² CO2 Electrolyzer – $8,934.00 |
| Unit Pricing | Pay-as-you-go | Complete 250 cm² CO2 Electrolyzer – $12,860.00 |
| Unit Pricing | Pay-as-you-go | Complete 5 cm² AEM Water Electrolyzer – $3,749.00 |
| Unit Pricing | Pay-as-you-go | Complete 25 cm² AEM Water Electrolyzer – $5,956.00 |
| Unit Pricing | Pay-as-you-go | Complete 250 cm² AEM Water Electrolyzer – $18,271.00 |
| Unit Pricing | Pay-as-you-go | Complete 5 cm² Formic Acid Electrolyzer – $6,351.00 |
| Unit Pricing | Pay-as-you-go | Catalyst Coated Electrodes – $59–$4,802 |
| Unit Pricing | Pay-as-you-go | CO2 Electrolyzer Test Station – $82,887–$95,647 |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Dioxide Materials product offering
Product offeringCore offering
Dioxide Materials manufactures and sells research-grade alkaline anion exchange membrane (AEM) electrolyzers and components for CO2 conversion, water electrolysis, and formic acid production, anchored by its proprietary Sustainion® anion exchange membrane product line. Its complete product ecosystem spans complete electrolyzer cells in 5–250 cm² sizes, membranes, alkaline ionomers, catalyst-coated gas diffusion electrodes, gas diffusion layers, cell hardware, accessories, and automated test stations, sold direct via its website to research institutions, R&D labs, and clean-energy developers.
Product overview
Dioxide Materials offers a comprehensive portfolio of electrolyzer products and components for carbon dioxide conversion and water electrolysis. The core product line includes Carbon Dioxide Electrolyzers (available in 5 cm², 25 cm², 100 cm², and 250 cm² sizes), AEM Water Electrolyzers, and Formic Acid Electrolyzers. These systems are powered by Sustainion® Anion Exchange Membranes (X37-50 series with multiple grades for different applications), which feature industry-leading conductivity and low area specific resistance. Supporting products include Sustainion® Alkaline Ionomers (XA-9, XB-7, XC series), Catalyst Coated GDLs/Electrodes, Gas Diffusion Layers, and a complete range of Electrolyzer Components and Accessories. The company also recently launched Test Stations for automated long-term electrolyzer testing. All products are designed for research and development applications in renewable energy, carbon recycling, and the hydrogen economy.
Differentiator
Problem solved
Functional benefit
Brands
- Sustainion®: Brand name for the company's alkaline anion exchange membranes and ionomers product line
Products and services
- Carbon Dioxide Electrolyzers Research-grade complete CO2 electrolyzers that convert carbon dioxide to useful products such as CO. Available in four active-area sizes (5 cm², 25 cm², 100 cm², 250 cm²) with matching titanium or stainless-steel flow fields, full hardware, and membrane electrode assemblies, sold at transparent listed prices for researchers and clean-energy developers.
- Sustainion® Anion Exchange Membranes Proprietary Sustainion® alkaline anion exchange membranes with the lowest area-specific resistance of any commercial AEM (0.045 Ω-cm² in 1M KOH at 60°C), available in multiple grades including X37-50 (Grade RT, Grade 60, Grade T, Grade FA), E30T, E28T, and B22T, each optimized for CO2 electrolysis, water electrolysis, or battery applications, sold in sizes from 4cm×4cm sheets to 28cm×20ft bulk rolls.
- AEM Water Electrolyzers Complete alkaline anion exchange membrane water electrolyzers operating at 1 A/cm² at 1.8–1.9V without requiring platinum or iridium catalysts, available in 5 cm², 25 cm², and 250 cm² active-area sizes with associated nickel or titanium flow fields and full hardware, designed for research and pilot-scale hydrogen production.
- Formic Acid Electrolyzers Three-compartment electrochemical cells for converting CO2 to formate/formic acid at high Faradaic efficiency and low voltages, featuring a gas-diffusion cathode with nanoparticle tin electrocatalyst and Sustainion® ionomer, a Sustainion® anion exchange membrane, and IrO2 anode, with 550-hour continuous operating performance demonstrated.
- CO2 Electrolyzer Test Station Automated test stations for unattended 24/7 long-term testing of CO2 electrolyzer cells with active areas of 5 to 100 cm², featuring a programmable power supply (0–5V DC, 0–20A, 8 channels), safety system with CO/hydrogen leak detection, flow blockage alerts, over-temperature and pump failure monitoring, with optional Honeywell industrial-grade sensors and NEMKO certification upgrades, and on-site training included.
Quantifiable outcome
- CO2 conversion at half the energy input compared to competition
- +6 more outcomes
Companies that use Dioxide Materials
Customer profileSegments2 records
Ideal customer profiles2 records
Dioxide Materials technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Dioxide Materials partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- 3Mcore3M is listed as an existing development partner/subrecipient working with Dioxide Materials to bring Dioxide Materials' technology into the marketplace.
- LanzaTechcoreLanzaTech is listed as an existing development partner/subrecipient working with Dioxide Materials to bring Dioxide Materials' technology into the marketplace.
- National Renewable Energy Laboratory (NREL)coreNREL is listed as an existing development partner/subrecipient working with Dioxide Materials to bring Dioxide Materials' technology into the marketplace.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Dioxide Materials competitors and assessment
Company assessmentDirect peers
- Versogen: Versogen develops alkaline anion exchange membranes and AEM electrolyzers for green hydrogen, directly competing with Dioxide Materials' Sustainion® membrane and electrolyzer product line in the same research and emerging-commercial customer base.
- Enapter: Enapter manufactures commercial AEM (anion exchange membrane) electrolyzers for green hydrogen production, overlapping directly with Dioxide Materials' water electrolyzer technology and targeting similar decarbonization end-uses.
- Twelve (formerly Opus 12): Twelve develops electrochemical CO2 conversion systems that transform captured carbon into chemicals and fuels, directly comparable to Dioxide Materials' CO2 electrolyzer technology and end-applications.
- OxEon Energy: OxEon Energy develops solid oxide electrolysis (SOEC) and CO2 conversion systems, working in the same electrochemical CO2-to-fuels space as Dioxide Materials with overlap in U.S. DOE-funded carbon utilization programs.
- C2CNT: C2CNT develops electrochemical processes that convert CO2 into carbon nanotubes and other carbon products, making it a direct peer in the electrochemical CO2 utilization category alongside Dioxide Materials.
Broad incumbents
- Nel ASA: Nel ASA is one of the largest electrolyzer manufacturers globally (PEM and alkaline), a broad incumbent competing with Dioxide Materials' AEM technology across the broader green hydrogen and CO2 utilization landscape.
- ITM Power: ITM Power is a leading PEM electrolyzer manufacturer with gigawatt-scale ambitions and a broad portfolio of green hydrogen products, representing a well-capitalized incumbent alternative to Dioxide Materials' AEM approach.
- Topsoe: Topsoe is a major catalyst and SOEC electrolyzer technology provider with industrial-scale deployment; its solid oxide electrolysis and e-fuels activity overlaps with Dioxide Materials' CO2-to-chemicals focus.
- SunFire: SunFire develops SOEC electrolyzers and e-fuel production systems, positioning it as a broad incumbent in the same electrochemical CO2-to-fuels space as Dioxide Materials with stronger commercial scale.
Others
- LanzaTech: LanzaTech is a strategic development partner of Dioxide Materials and a leader in gas fermentation-based CO2-to-fuels; they are ecosystem-adjacent rather than direct competitors, both targeting carbon-to-chemicals end-markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Dioxide Materials social profiles
Digital presenceDioxide Materials financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dioxide Materials leadership team
Management profileNumber of profiles
Profiles1 record
Dioxide Materials funding detail
Funding detailFunding overview
Funding rounds4 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dioxide Materials 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 Dioxide Materials
What does Dioxide Materials do?
Dioxide Materials manufactures and sells research-grade alkaline anion exchange membrane (AEM) electrolyzers and components for CO2 conversion, water electrolysis, and formic acid production, anchored by its proprietary Sustainion® anion exchange membrane product line. Its complete product ecosystem spans complete electrolyzer cells in 5–250 cm² sizes, membranes, alkaline ionomers, catalyst-coated gas diffusion electrodes, gas diffusion layers, cell hardware, accessories, and automated test stations, sold direct via its website to research institutions, R&D labs, and clean-energy developers.
Is Dioxide Materials a public or private company?
Dioxide Materials is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Dioxide Materials founded?
Dioxide Materials was founded in 2009. It employs 11 to 50 people.
Where is Dioxide Materials based?
Dioxide Materials is headquartered in Boca Raton, United States, in the North America region.
How does Dioxide Materials make money?
One revenue line is on record: electrolyzer and Component Sales.
Who are Dioxide Materials's main competitors?
Direct peers on record are Versogen, Enapter, Twelve (formerly Opus 12), OxEon Energy and C2CNT. Broad incumbents are Nel ASA, ITM Power, Topsoe and SunFire. LanzaTech is listed as an others.
Does Dioxide Materials have an API?
No public API is recorded for Dioxide Materials.
What industry is Dioxide Materials in?
Dioxide Materials's product category is Electrochemical Equipment for CO2 Conversion and Water Electrolysis. Its primary akta.pro industry code is EUABAIAK, Electrochemical CO₂ Conversion Systems (electrolyzers, catalysts, reactors, balance‑of‑plant), with a secondary code of EUAFABAE, Separators & Membranes Manufacturing. Its NAICS code is 3251 and its SIC code is 2860.