What Ivys Energy Solutions does

Ivys Energy Solutions (legal name Ivys, Inc.) is a private hydrogen refueling infrastructure company founded in 2015 and headquartered in Waltham, Massachusetts. The company designs and deploys modular, scalable hydrogen generation, compression, storage, and dispensing systems for fuel cell electric vehicle fleets. Its core products are the SimpleFuel integrated on-site hydrogen appliance (available in 5/10/20 kg/day capacities at 350 or 700 bar), a modular Hydrogen Refueling Station platform scaling from 30 to 2,000 kg/day, hydrogen dispensers built on a common H35/H70 platform with fast-response flow control, and the forthcoming Modular ReFueler (MRF) targeting medium- and heavy-duty transit and trucking fleets. Through its wholly-owned subsidiary Ivys Adsorption Inc., the company also serves renewable natural gas, hydrogen, carbon capture, and industrial gas markets following the 2023 acquisition of Xebec Adsorption assets.

The business sells and deploys hydrogen fueling hardware primarily to enterprise and government customers — transit agencies (e.g., Champaign-Urbana Mass Transit District), commercial fleet operators, municipalities, industrial customers (e.g., Toyota Industries for forklifts), and government fleets. Distribution is hybrid: direct enterprise sales complemented by channel partners including PDC Machines (manufacturing and global distribution), ENGV (Australia), Tokyo Boeki Mechanics (Japan), and Rhombus Energy Solutions (DC fast charging in North America). Pricing is quoted per project and tied to capacity, dispenser count, and site integration, with multi-year contracts on large deployments. The company has 28 hydrogen stations installed across four continents and 25 SimpleFuel deployments over seven years, with MRF commercial rollout planned for summer 2026.

Revenue is not publicly disclosed. Funding to date has been predominantly non-dilutive — most notably the $1 million DOE H-Prize award in 2017 and a $150,000 Massachusetts Clean Energy Center grant in 2017 — supplemented by a strategic investment from Enbridge in 2023 alongside the Xebec Adsorption asset acquisition. The company is led by President & CEO Darryl Pollica (co-founder), CTO Chris O'Brien (co-founder), Executive Chairman Dr. Prabhu Rao, and Interim CFO/General Counsel Anna M. Chagnon, with a headcount reported at 1-10 employees.

Name

Ivys Energy Solutions

Legal name

Ivys, Inc.

Website

https://ivysinc.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Ivys Energy Solutions designs, builds, and deploys modular, scalable hydrogen refueling infrastructure — including the SimpleFuel appliance and Modular ReFueler platform — for transit agencies, commercial fleet operators, municipalities, and industrial fuel cell electric vehicle customers across four continents.

Ownership category

akta.pro rank

Product category

Hydrogen Refueling Infrastructure

akta.pro primary industry

Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)

akta.pro secondary industries

Hydrogen (Industrial & Mobility) (IMAEACAB), EV Charging Equipment Installation & Commissioning (AC/DC, Depot/Fleet) (TLAKAMAE)

Keywords

• Hydrogen refueling stations
• Fuel cell infrastructure
• Hydrogen dispensing equipment
• Modular hydrogen appliances
• E-mobility infrastructure

Headquarters

HQ city

Waltham

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Hydrogen Station Systems: Sale of complete hydrogen refueling station systems including modular platforms, dispensers, and compression/storage equipment for fleet applications.
2. SimpleFuel Appliance Sales: Sale of integrated hydrogen generation, compression and dispensing appliance units for industrial and automotive applications.
3. Hydrogen Dispensing Equipment: Sale of H35 and H70 hydrogen dispensers for various vehicle applications including industrial vehicles, cars, and buses.
4. DC Fast Charging Solutions: Partnership with Rhombus Energy Solutions to promote DC Fast Chargers in North America, expanding e-mobility infrastructure portfolio.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels4 records

Core offering

Ivys Energy Solutions designs, manufactures, and deploys modular hydrogen refueling stations, hydrogen dispensing systems, and the SimpleFuel integrated on-site hydrogen generation appliance for zero-emission fuel cell electric vehicle fleets. Its Modular ReFueler (MRF) platform is being deployed starting summer 2026 for transit agencies and commercial fleet operators, and it also distributes DC Fast Charging products via partnership with Rhombus Energy Solutions.

Product overview

Ivys Energy Solutions offers a portfolio of hydrogen refueling and e-mobility infrastructure products. The core offerings include SimpleFuel (an integrated on-site hydrogen generation, compression, and dispensing appliance), Hydrogen Refueling Stations (modular platforms scaling 30-2000 kg/day), Hydrogen Dispensing Solutions (H35/H70 dispensers), and the Modular ReFueler (MRF) for medium/heavy duty vehicles. The company has expanded to include DC Fast Charging Solutions via partnership with Rhombus Energy Solutions, and acquired Ivys Adsorption Inc. to serve renewable natural gas, hydrogen, carbon capture, and industrial gas markets. Products serve diverse markets including material handling (forklifts), transit buses, taxis, and passenger vehicles, with 28 hydrogen stations deployed across 4 continents.

Differentiator

Problem solved

Functional benefit

Brands

• SimpleFuel: Integrated on-site hydrogen generation, compression and dispensing appliance that uses water and electricity to produce high purity fuel cell-grade hydrogen. Available in 5/10/20 kg/day capacities and at 350 or 700 bar dispensing pressures.

Products and services

• SimpleFuel® An integrated on-site hydrogen generation, compression, and dispensing appliance that uses water and electricity to produce high purity fuel cell-grade hydrogen. Available in 5/10/20 kg/day capacities and at 350 or 700 bar dispensing pressures. Designed for industrial, forklift, automotive, and small-scale fleet applications.
• Hydrogen Refueling Stations (HRS) Modular hydrogen station platform scalable from 30 to 2000 kg/day capacity, allowing easy configuration for various applications and the ability to expand capacity over time as markets mature. Base unit provides 30-500 kg/day expandable within same footprint with upgrades achievable in 1-2 days.
• Hydrogen Dispensing Solutions Advanced hydrogen dispenser technology providing a common platform for H35 or H70 fueling of industrial vehicles, cars, and buses. Features higher accuracy flow measurements with low drift, fast and responsive integrated hydrogen cooling systems, and vehicle communication via infrared or secure wireless technologies.
• Modular ReFueler (MRF) A flexible, scalable, and easy-to-install hydrogen station solution designed to enable the emerging medium and heavy duty clean transportation market. Starts where the customer is and grows capacity together with their needs.
• DC Fast Charging Solutions DC Fast Charging products distributed through partnership with Rhombus Energy Solutions in North America, including bi-directional chargers enabling vehicle-to-grid (V2G) solutions for fleets. Combined with hydrogen solutions for transit agencies deploying both battery and fuel cell electric buses.

Quantifiable outcome

• 3,300+ bus fills completed at CUMTD with 32,000+ kg hydrogen dispensed
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered core, minor and flagship.

• National Renewable Energy Laboratory (NREL)coreStrategic or Co-development Partner · 4 September 2024DOE-selected project will test cutting-edge hydrogen fueling technologies at NREL in full scale MD/HD hydrogen fueling demonstrations. Testing of wireless vehicle-to-station communication and fast-response dispensing flow control systems.
• Rhombus Energy SolutionscoreChannel Partner/ Reseller/ Distributor · 28 September 2022Partnership with San Diego-based company to promote industry-leading DC Fast Chargers in North America. Rhombus developed first bi-directional charger in US enabling V2G solutions. Enables Ivys to offer combined hydrogen and charging infrastructure to transit agencies.
• Center for Transportation and Environment (CTE)minorStrategic or Co-development Partner · 28 September 2022Industry membership organization supporting transit agencies transitioning to zero emission vehicles. Ivys joined as member to provide modular and scalable solutions matching ZEB deployment roadmaps.
• ENGVcoreChannel Partner/ Reseller/ Distributor · 26 March 2021Australia-based company providing hydrogen equipment solutions, installation, and services. Partnership to bring hydrogen fueling infrastructure to Australia, including first retail hydrogen station supporting ActewAGL fleet of 20 Hyundai Nexo vehicles.
• Hyundai Motor CompanyflagshipStrategic or Co-development Partner · 10 February 2020Collaboration with U.S. DOE and Hyundai Motor Company to assess hydrogen and fuel cell technology performance. Hyundai provided five NEXO fuel cell vehicles to DOE for real-world operation data collection. Partnership supports national labs access to hydrogen technology validation.
• Tokyo Boeki MechanicscoreChannel Partner/ Reseller/ Distributor · 28 March 2018Japanese partner for SimpleFuel deployment in Japan. Facilitated first commercial SimpleFuel deployment at Kesen Precut Cooperative and Toyota Motomachi plant.
• PDC MachinescoreStrategic or Co-development Partner · 24 January 2017Long-standing strategic partner for hydrogen compressor and station equipment. Joint development of SimpleFuel hydrogen refueling appliance. Partnership spans multiple global deployments including Japan, Australia, and US installations. PDC has invested in additional manufacturing capacity to support hydrogen economy growth.
• Greentown LabsminorStrategic or Co-development Partner · 9 October 2016Largest clean-tech incubator in the United States. Ivys is a member company with prototype lab space and collaborative workspace. Enables access to startup ecosystem and clean-tech networking.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Nel ASA: Nel ASA is a global leader in hydrogen production, storage, and distribution equipment, including hydrogen refueling stations for cars, trucks, and buses. It is the most direct competitor to Ivys' HRS, MRF, and dispenser product lines, serving the same transit and fleet customers with similar modular and large-scale station solutions.
• ITM Power: ITM Power manufactures PEM electrolyzers and integrated hydrogen refueling stations, including modular units for fleet and transit applications. It competes directly with Ivys' SimpleFuel and HRS platforms, particularly in Europe and the UK, where it has deployed refueling stations for buses and trucks.
• McPhy Energy: McPhy Energy designs and manufactures hydrogen production and distribution equipment, including electrolyzers and refueling stations. McPhy was Ivys' partner on the DOE H-Prize SimpleFuel win and now competes directly in the modular hydrogen station market for mobility applications.
• FirstElement Fuel: FirstElement Fuel operates one of the largest hydrogen refueling station networks in the US, primarily serving California light-duty FCEV drivers. It is a direct peer to Ivys in hydrogen station deployment and operations, with comparable technical requirements and end customers (FCEV fleets).

Regional players

• H2 Mobility: H2 Mobility operates a nationwide hydrogen refueling network in Germany for fuel cell electric vehicles. While geographically focused on Europe, it is highly comparable to Ivys as a station operator and equipment integrator targeting the same heavy-duty and passenger FCEV segments.
• Iwatani Corporation: Iwatani is a major Japanese industrial gas and hydrogen fuel supplier, operating hydrogen stations across Japan and supporting Toyota Mirai and fuel cell forklift deployments. It is a regional peer to Ivys in hydrogen infrastructure, with significant overlap in the Japanese market where Ivys has SimpleFuel deployments.

Broad incumbents

• Air Products and Chemicals: Air Products is one of the world's largest industrial gas companies, with extensive hydrogen production, liquefaction, and refueling station operations globally. It overlaps with Ivys in hydrogen supply and station technology for mobility but at a vastly larger scale and broader portfolio.
• Linde plc: Linde is a global industrial gases leader producing and distributing hydrogen at scale, with growing hydrogen mobility infrastructure offerings. It is comparable to Ivys in the broader hydrogen value chain but as a much larger, diversified incumbent rather than a focused refueling station specialist.
• Cummins Accelera: Cummins Accelera (formerly Cummins' New Power segment) develops hydrogen fuel cell powertrains, electrolyzers, and related infrastructure for transit and heavy-duty applications. It is comparable to Ivys as a hydrogen ecosystem player targeting heavy-duty transit and trucking customers, though as a much larger, established OEM.

Emerging players

• Plug Power: Plug Power provides hydrogen fuel cell systems and turnkey fueling solutions for material handling, e-mobility, and stationary power. It overlaps with Ivys in fuel cell forklift fueling (SimpleFuel at Toyota) and broader hydrogen infrastructure, but with a vertically integrated, higher-volume business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights6 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ivys Energy Solutions