What Horizon Fuel Cell Technologies does

Horizon Fuel Cell Technologies (Horizon New Energy Technologies Pte. Ltd.) is a Singapore-headquartered hydrogen technology company founded in 2003 that develops and manufactures Proton Exchange Membrane (PEM) fuel cell systems and Anion Exchange Membrane (AEM) and PEM electrolysers. Its product portfolio spans heavy-duty fuel cell stacks and systems (VL-Series, 80kW to 400kW) for commercial vehicles, trains, ships, and port equipment; stationary power generation systems (5kW to 3MW) including combined heat and power (CHP) and AI data center backup modules; and electrolyser systems (HET-P and HET-A series, 0.5 Nm³/h to 5MW) for green hydrogen production. Core proprietary technologies include patented graphite-metal hybrid bipolar plates, a multi-layered AEM membrane with twice the ion conductivity of competing products, and an in-house porous transport layer, supported by 350+ intellectual property assets and 1.2GW+ annual MEA manufacturing capacity across facilities in Singapore and China.

The company generates revenue primarily through direct hardware sales of fuel cell stacks, fuel cell systems, and electrolyser systems to commercial vehicle OEMs, industrial companies, data center operators, and hydrogen infrastructure developers, with supplementary technology licensing revenue. It operates an enterprise field sales model through its Singapore headquarters and regional offices in China (Foshan manufacturing, Shanghai R&D), with international representatives across Europe, the Americas, India, Japan, and Korea. Key customers include SF Express, Rockcheck Steel Group, Shanghai Wuliu Automotive Technology, Bharat Heavy Electricals (BHEL), DeepBlue Technology, and ProtonH2 (H2-Genesis), serving OEM integrators and industrial end-users across 80+ countries. Pricing is quote-based with multi-year contract structures, and the company pursues OEM embedded partnerships to integrate its fuel cell technology into commercial vehicle platforms.

Name

Horizon Fuel Cell Technologies

Legal name

Horizon New Energy Technologies Pte. Ltd.

Website

https://horizonfuelcell.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Horizon Fuel Cell Technologies is a Singapore-headquartered hydrogen technology company founded in 2003 that manufactures PEM fuel cell systems (up to 400kW) and AEM/PEM electrolysers (up to 5MW) for heavy-duty commercial vehicles, stationary power, data centers, and green hydrogen production, serving OEMs and industrial customers across 80+ countries.

Ownership category

akta.pro rank

Product category

Hydrogen Fuel Cell Systems

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (33361), Industrial Gas Manufacturing (32512), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Engines & Turbines (3510)

akta.pro primary industry

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

akta.pro secondary industries

Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK), Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC)

Keywords

• Hydrogen fuel cells
• PEM electrolyser systems
• AEM electrolyser technology
• Green hydrogen production
• Fuel cell stacks

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Fuel Cell Products: Sale of PEM fuel cell stacks and systems ranging from 5kW to 400kW for commercial vehicles, stationary power, and marine applications. Revenue generated from direct hardware sales to OEM integrators and industrial customers.
2. Electrolyser Products: Sale of PEM and AEM electrolyser systems for green hydrogen production, ranging from small-scale to 5MW modular units. Includes 1MW PEM systems and 5MW AEM systems targeting industrial decarbonization projects.
3. Technology Licensing: Revenue from licensing fuel cell technology and acquired intellectual property (e.g., Hyzon Motors hydrogen vehicle IP) to serve global markets.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Horizon Fuel Cell Technologies designs, manufactures, and sells PEM fuel cell stacks and systems (ranging from 5kW to 400kW) for commercial vehicles, trains, ships, and stationary power, alongside PEM and AEM electrolyser systems (from 0.5 Nm³/h up to 5MW modular units) for industrial green hydrogen production. The company sells its proprietary hardware directly to OEM integrators, industrial operators (steel, ammonia, methanol), and AI data center operators through global direct sales and OEM partnerships. Revenue is generated through hardware sales of stacks/systems and technology licensing, supported by 350+ IP assets and 1.2GW+ annual MEA manufacturing capacity across Singapore (HQ) and China operations.

Product overview

Horizon Fuel Cell Technologies is a global hydrogen technology company offering a comprehensive portfolio of fuel cell and electrolyser products for mobility, stationary power, and green hydrogen production applications. The product portfolio centers on PEM fuel cell systems (VL-Series) ranging from 80kW to 400kW for heavy-duty commercial vehicles, trains, ships, and port equipment; AEM and PEM electrolyser systems (HET-A and HET-P series) for green hydrogen production from 0.5Nm³/h to 5MW capacity; and stationary power solutions including fuel cell power plants (5kW-1MW), CHP systems (up to 2MW), and datacenter power modules (2.8MW-3MW). The company also offers specialized products including the Hydrofill educational system, medical electrolyzers, and fuel cell forklifts. Key technological differentiators include patented graphite-metal hybrid bipolar plate technology, industry-leading power density, and AEM electrolysers achieving up to 95% efficiency.

Differentiator

Problem solved

Functional benefit

Brands

• HET Hydrogen: Electrolyser subsidiary focused on manufacturing hydrogen electrolysers including PEM and AEM systems for green hydrogen production
• Horizon Hydrogen Power Inc.
• HET
• VL-Series
• VLS-IV Series
• HET-A1000
• HET-P1000
• Hydrofill

Products and services

• VL-Series Fuel Cell Systems Heavy-duty hydrogen fuel cell systems powering commercial vehicles including trucks, buses, trains, ships and port equipment. The VL-Series includes VL-III and VL-IV variants with power outputs ranging from 80kW to 400kW. Targeted at commercial vehicle OEMs and fleet operators.
• VLS-IV 400kW Fuel Cell Stack World's highest power PEM fuel cell stack delivering 400kW continuous power with patented graphite-metal hybrid bipolar plate technology. Achieves up to 54% system efficiency and can reduce hydrogen consumption in heavy trucks by up to 20%. Targeted at heavy-duty commercial vehicle integrators.
• HET-A1000 5MW AEM Electrolyser World's first 5MW Anion Exchange Membrane electrolyser system producing 1000Nm³/h of green hydrogen. Features 3.6-4.3 kWh/Nm³H2 power consumption, 99.999% hydrogen purity, and 10%-110% operating range. Targeted for large-scale green hydrogen projects in steel, ammonia, and methanol production.
• HET-A200 AEM Electrolyser 200Nm³/h Anion Exchange Membrane electrolyser offering 3.6-4.3 kWh/Nm³H2 power consumption and 99.999% hydrogen purity. Part of Horizon's AEM electrolyser lineup using earth-abundant nickel and iron materials.
• HET-P Series PEM Electrolyser Modular PEM electrolyser systems with capacities ranging from 0.5 to 1000 Nm³/h. Uses proprietary in-house PEM technology including membranes, catalysts, bipolar plates, and stacks for green hydrogen production.
• 3MW Fuel Cell Module for AI Datacentres High-power density fuel cell module delivering 3MW in a single 40ft container. Provides 100% more power than comparable PEM fuel cells and 300% more than solid oxide fuel cells. Designed for primary and backup power in AI data centers with zero emissions.
• 2.8MW Fuel Cell Power Generation Module Modular hydrogen fuel cell system delivering 2.8MW with high efficiency power generation. Designed for critical infrastructure including AI data centers, providing scalable and resilient power with water as the only byproduct.
• HFC-P Series Fuel Cell Power Plants Stationary fuel cell power generation systems ranging from 5kW to 1MW. Available in cabinet and container installations for prime power, backup, and peak power applications with system efficiency up to 50%.
• 2MW Combined Heat and Power (CHP) System Containerized 2MW PEM fuel cell CHP system generating both electricity and heat with system efficiency exceeding 90%. First commercial CHP project in China's chlor-alkali industry utilizing by-product hydrogen.
• Hydrofill Educational System Compact mobile fuel cell hydrogen refueling station and water electrolysis device for educational purposes. Demonstrates hydrogen industry processes including PV power generation, electrolysis, and fuel cell power generation. Sold over 5,000 units in 80+ countries.
• Fuel Cell Forklifts Hydrogen fuel cell forklifts with power ratings of 2.5-3kW (air-cooled) and 5-15kW (water-cooled). Features 2-3 minute refueling, 6-8 hours continuous operation, and fuel cell stack design life up to 10,000 hours.
• HZ-A Series Medical PEM Electrolyzers PEM electrolyzers for medical and health purposes with six models producing 150mL to 1,200mL of hydrogen per minute. Applied in pure hydrogen inhalation machines, hydrogen-oxygen mixers, hydrogen-rich water production, and skincare devices.
• 10kW Hybrid Hydrogen/Electric Boat System Hydrogen fuel cell system for inland waterway shipping applications. Designed and tested to classification society standards for hydrogen fuel cells, offering high environmental friendliness, reliability, safety, and zero emissions.
• Train Fuel Cell System (400kW) Hydrogen fuel cell system for trains with two 200kW units providing combined 410kW maximum output. Features 12kW/second dynamic response rate, 42%+ system efficiency, and cold start capability to -30°C in under 10 minutes.
• Lifting Machinery Fuel Cell Systems Hydrogen fuel cell systems for port equipment integrating fuel cells with lithium battery packs. Operates in constant power output mode ensuring continuous crane operation with zero emissions and low noise.
• Logistics Vehicle Fuel Cell System (110kW) 110kW fuel cell system for 18-ton logistics vehicles with 555W/kg mass power density and 43%-60% efficiency range. Enables 370km+ pure hydrogen range from 20kg of hydrogen with cold start capability to -30°C.
• Bus Fuel Cell System (80kW) 80kW fuel cell system for buses with 500W/kg mass power density and 43%-60% efficiency. Operates in -30°C to 83°C range with cold start under 6 minutes. Enables 600km+ range from 26.56kg hydrogen.
• Heavy-duty Tractor Fuel Cell System (400kW) 400kW fuel cell system for 49-ton heavy-duty trucks delivering up to 54% system efficiency and 20% hydrogen consumption reduction. Enables 350km+ range from 40kg hydrogen with 120 tons CO2 reduction annually.
• Refrigerated Vehicle Fuel Cell System (80-110kW) 80-110kW fuel cell system for refrigerated trucks with 555W/kg mass power density. Enables 500km+ range from 9.12kg hydrogen with 5-7 minute refueling. Reduces 70 tons CO2 annually.
• Distributed Power Plant - Backup Power 100kW rated CHP system with 150kW peak power for island and remote applications. Converts excess wind power to hydrogen then back to electricity. Achieves 44% power generation efficiency and 81% CHP efficiency.
• Distributed Power Plant - Telecom Base Station Integrated PV and hydrogen power solution for telecom base stations. Features 1Nm³/h PEM electrolysis, 16Nm³ hydrogen storage, and 2.5kW fuel cell generation for remote area power supply.

Quantifiable outcome

• 20% reduction in hydrogen consumption for heavy-duty trucks using 400kW fuel cell system
• +4 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• ProtonH2 (H2-Genesis)flagshipStrategic or Co-development Partner · 22 April 2026Strategic collaboration to deliver scalable hydrogen power solutions for AI data centers. Combines Horizon's fuel cell systems with ProtonH2's ISHG (In-Situ Hydrogen Generation) process using repurposed hydrocarbon assets for low-cost hydrogen production below $1/kg.
• Bharat Heavy Electricals (BHEL)flagshipStrategic or Co-development Partner · 8 September 2025Exclusive 10-year strategic partnership to commercialize fuel cell powered locomotives for the Indian market under India's Green Hydrogen Mission. BHEL is a Maharatna public sector enterprise and leading Indian engineering company.
• Hyzon MotorscoreTechnology or Integration · 7 August 2025Acquisition of Hyzon Motors hydrogen vehicle intellectual property to continue serving Hyzon's hydrogen vehicle customers in US, Europe, Australia and New Zealand. Integration of Horizon's 400kW fuel cell stack into heavy-duty trucks.
• Rockcheck Steel GroupflagshipStrategic or Co-development Partner · 4 August 2025Deployment of world's first 5MW AEM electrolyser system at Rockcheck Steel industrial park in Tianjin for 'Low-Carbon Smelting Project Using Green Hydrogen'. Integrated system combining PV, AEM hydrogen production, and hydrogen-enriched blast furnace smelting.
• Shanghai Wuliu Automotive TechnologycoreStrategic or Co-development Partner · 14 July 2025Agreement for 100 fuel cell systems integrated into 42-ton zero emission trucks developed by Z Truck Automotive Technology. Targets record-breaking 1,500km driving range for hydrogen commercial vehicles.
• DeepBlue TechnologycoreStrategic or Co-development Partner · 4 September 2020Strategic cooperation agreement to develop AI fuel cell logistics vehicles combining Horizon's fuel cell technology with DeepBlue's AI systems. Joint hydrogen laboratory established for commercialization of smart hydrogen-powered fuel cell vehicles.

Scale indicators10 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Nel ASA: Nel is a global electrolyser manufacturer (alkaline and PEM) producing hydrogen production equipment for industrial decarbonization, directly comparable to Horizon's HET-A and HET-P electrolyser portfolio targeting steel, ammonia, methanol, and eSAF projects.
• ITM Power: ITM Power manufactures PEM electrolysers for green hydrogen production with a focus on industrial-scale projects, closely aligned with Horizon's HET subsidiary and the 5MW AEM/1MW PEM systems targeting steel, ammonia, and transport fuel applications.
• Ballard Power Systems: Ballard is a leading PEM fuel cell stack and systems manufacturer focused on heavy-duty mobility (buses, trucks, trains, ships) and stationary power — the same core product/application overlap as Horizon's VL-Series and HFC-P lines. Both compete for global commercial vehicle OEM integrations.
• Hyzon Motors: Hyzon was a US-based developer of hydrogen fuel cell heavy-duty trucks; Horizon acquired its hydrogen vehicle IP in August 2025. While no longer an active competitor in vehicle integration, Hyzon's technology stack and customer relationships overlap directly with Horizon's commercial vehicle strategy.
• Plug Power: Plug Power manufactures PEM fuel cell systems for forklifts, trucks, and stationary power plus PEM electrolysers for green hydrogen production — a near-mirror of Horizon's mobility + green hydrogen production portfolio. Both target logistics fleet operators and industrial hydrogen offtake.

Emerging players

• SinoHytec: SinoHytec is a Chinese fuel cell system manufacturer targeting heavy-duty trucks, buses, and stationary power — directly comparable to Horizon's VL-Series products and competing for the same Chinese commercial vehicle OEM integrations (e.g., with Wuliu, logistics fleet operators).

Broad incumbents

• Air Products and Chemicals: Air Products is a global hydrogen infrastructure player — producing, distributing, and building green hydrogen production projects at industrial scale. While broader in scope, it competes with Horizon's HET electrolyser business for industrial green hydrogen offtake contracts in steel, ammonia, and transportation fuel.
• Toyota Motor Corporation: Toyota is a pioneer in PEM fuel cell technology (Mirai) and supplies fuel cell stacks for heavy-duty applications including trucks, buses, and trains. While broader in scope as an automaker, Toyota competes with Horizon in commercial vehicle FCEV powertrains, particularly in Asia.
• Cummins (Accelera): Cummins' Accelera segment produces PEM fuel cell powertrains and electrolysers as part of a much broader diesel and powertrain portfolio. Both target heavy-duty truck decarbonization, but Cummins is a much larger incumbent with deeper OEM relationships across global commercial vehicle manufacturers.
• Doosan Fuel Cell: Doosan manufactures stationary PEM fuel cell power plants (typically 440kW–1MW units) for commercial and industrial customers, overlapping with Horizon's HFC-P stationary power product line and the 2MW CHP/3MW data center fuel cell modules.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/horizonfuelcel
• YouTubeyoutube.com/user/wtaras
• Facebookfacebook.com/horizonfuelcell
• LinkedInlinkedin.com/company/horizon-fuel-cell-technologies

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

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 Horizon Fuel Cell Technologies