APGREEN
APGREEN is a South Korean clean-tech company that develops modular on-site hydrogen production and power generation systems (APG-Series) using low-temperature plasma catalytic reforming, targeting AI data centers, industrial facilities, critical infrastructure, and small/medium commercial sites with distributed clean energy.
- Company typePrivate
- Founded2021
- HeadquartersAnsan, South Korea
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What APGREEN does
APGREEN Inc. is a South Korean clean-tech company, founded in 2021 and headquartered in Wanju, Jeollabuk-do, that develops on-site hydrogen production and power generation systems based on low-temperature plasma catalytic reforming and fuel-cell integration. Its core product family, the APG-Series, is a modular line of hydrogen-powered distributed energy systems ranging from the APG-5 (5 kg H₂/day, 80 kWh/day) through the APG-300 (300 kg H₂/day, 167 kWh/hr), covering small-scale emergency and backup applications up to data center main power and medium-sized hospital loads. The company integrates carbon capture into the reforming process, targets a clean hydrogen production cost of $2/kg, and holds roughly 20 patent applications across Korean, US, and PCT jurisdictions.
APGREEN targets four primary use-case segments: AI and data center infrastructure, industrial facilities requiring continuous or backup power, critical infrastructure (medical facilities, essential services), and small/medium commercial sites. It sells the APG-Series via direct enterprise sales, with distribution support from an MOU with Hyundai Corporation and a strategic co-development partnership with S-OIL for city-gas-based hydrogen production. Revenue mechanics consist of hardware sales of the APG-Series and technology licensing/royalty arrangements; pricing is quote-based and not publicly disclosed.
The company is at an early commercialization stage: it completed its hydrogen manufacturing facility KGS inspection in March 2025, established a branch factory in Wanju in February 2025, and has accumulated multiple Korean government designations (Energy-Specialized Company, Specialized Company in Materials/Parts/Equipment, Root Enterprise, TIPS selection) and international recognition (WHE 2025 H2 Innovation Grand Prize, SLINGSHOT Top 250). Headcount remains 1-10 employees, no funding rounds or revenue figures are disclosed, and the company is privately held with no institutional investors identified.
APGREEN firmographics
Firmographics- Name
- APGREEN
- Legal name
- APGREEN Inc.
- Website
- https://apgreen.net
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- APGREEN is a South Korean clean-tech company that develops modular on-site hydrogen production and power generation systems (APG-Series) using low-temperature plasma catalytic reforming, targeting AI data centers, industrial facilities, critical infrastructure, and small/medium commercial sites with distributed clean energy.
- Ownership category
- akta.pro rank
APGREEN industry classification
Industry- Product category
- Clean Hydrogen Production Systems
- NAICS
- Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Fuel Cell Distributed Generation (Hydrogen/Natural Gas SOFC/PEM) (EUACALAK)
- akta.pro secondary industries
- Hydrogen (Industrial & Mobility) (IMAEACAB), Hydrogen CHP (Fuel Cell & H2-Ready Turbines) (EUACAKAF), On-Site Gas Generation Systems (IMAEACAJ), Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC)
Keywords
Where APGREEN is headquartered
LocationHeadquarters
- HQ city
- Ansan
- HQ country
- South Korea
- HQ region
- Asia
Offices2 records
Markets served
APGREEN business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Hydrogen Power Generation Systems (APG-Series): Sale of modular hydrogen production and power generation systems to industrial, commercial, and data center customers for distributed energy applications.
- Clean Hydrogen Production Technology Licensing: Partnership arrangements for deployment of proprietary hydrogen production technology through strategic partners like S-OIL and Hyundai Corporation.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
APGREEN product offering
Product offeringCore offering
APGREEN develops and manufactures modular on-site hydrogen production and power generation systems (APG-Series) based on low-temperature plasma catalytic reforming and fuel-cell integration. The systems convert hydrocarbons such as methane, LNG, city gas, and biogas into clean hydrogen with integrated carbon capture, producing electrical power at capacities ranging from 80 kWh/day (APG-5) to 3,800 kWh/day (APG-250) for industrial, data center, critical infrastructure, and small/medium commercial customers.
Product overview
APGREEN offers the APG-Series, a modular hydrogen-powered distributed energy system portfolio based on catalytic reforming and fuel-cell integration. The product line ranges from the compact APG-5 (2.8 kW) and APG-20 (11 kW) for small-scale and emergency applications, through the mid-range APG-50 (800 kWh/day) and APG-100 (56 kW) for buildings and industrial use, up to the large-scale APG-250 and APG-300 (3,800 kWh/day and 167 kW respectively) designed for data centers and medium-sized hospitals. All products enable on-site hydrogen production and power generation for distributed and low-carbon energy applications.
Differentiator
Problem solved
Functional benefit
Brands
- APG-Series: Hydrogen-Powered Onsite Generation product line including APG-5, APG-20, APG-50, APG-100, APG-250, and APG-300 models for distributed power generation for AI data centers and industrial applications
Products and services
- APG-5 On-site hydrogen production generator producing 5 kg of hydrogen per day with 80 kWh/day power output, designed for small-scale and emergency mobile applications.
- APG-20 On-site hydrogen production generator producing 20 kg of hydrogen per day with 300 kWh/day power output, suitable for small buildings and backup block applications.
- APG-50 On-site hydrogen production generator producing 50 kg of hydrogen per day with 800 kWh/day power output, designed for data centers and critical-load block applications.
- APG-100 On-site hydrogen production generator producing 100 kg of hydrogen per day with 1,500 kWh/day power output, targeted for industrial use and CHP integration.
- APG-250 On-site hydrogen production generator producing 250 kg of hydrogen per day with 3,800 kWh/day power output, designed for data center main power applications.
- APG-300 On-site hydrogen production generator producing 300 kg of hydrogen per day with 167 kWh/hr power output, designed for medium-sized hospitals and edge data centers.
Quantifiable outcome
- Hydrogen production cost target of $2 per kilogram through low-temperature plasma technology
- +1 more outcomes
Companies that use APGREEN
Customer profileSegments4 records
Ideal customer profiles4 records
APGREEN technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
APGREEN partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered minor and core.
- Jeonbuk National UniversityminorMOU signed for defense and aerospace cooperation and capacity building of regional national universities.
- Gyeonggi Climate-Tech AlliancecoreAPGREEN serves as founding member representing clean-tech sector in Gyeonggi Province's Climate-Tech Alliance, working with Gyeonggi Province, Gyeonggi Regional Office of SMEs and Startups, Gyeonggi Environmental Energy Agency, KOTRA, KOICA, Kakao Mobility, KT, and Kiwoom Investment to scale on-site hydrogen production modules (APG-Series) enabling distributed power across data centers, industrial parks, and public infrastructure.
- Defense Venture Center of JeonbukcorePartnership agreement with Defense Venture Center in Jeonbuk, supported by the Agency for Defense Development (ADD), to expand collaboration opportunities in defense-related technology development and contribute to strengthening the national defense industry ecosystem.
- Washington State Root Company Plasma Device CompanyminorMOU signed with Washington State Root Company Plasma Device Company in Seattle for international technology collaboration.
- Hyundai CorporationcoreMOU and NDA signed for marketing APGREEN's Clean Hydrogen Production Technology with low temperature plasma using Hyundai Corporation's distribution network.
- Hyundai Corporation (Low-Temperature Plasma Technology)coreMarketing MOU for low-temperature plasma clean hydrogen production technology with Hyundai Corporation's distribution network.
- Hanyang University (ERICA)minorMOU signed for Establishment of Cooperative System for Development and Testing of Clean Hydrogen Production Technology.
- S-OILcoreS-OIL City Gas-Based Hydrogen Production Facilities for open innovation collaboration. S-OIL hosts the Gwanak S-Valley Open Innovation Program where APGREEN won top prize.
- Dong-A Hwaseong SubsidiaryminorMOU for hydrogen fuel cells demonstration and commercialization with Dong-A Hwaseong subsidiary.
- Wanju Hydrogen GovernancecoreAPGREEN is founding member of Wanju Hydrogen Industry Governance Committee (Corporate Sector), shaping hydrogen industry strategy of Wanju County and supporting development of hydrogen-powered electric infrastructure.
Scale indicators3 records
Recent moves7 records
Expansion highlights6 records
APGREEN competitors and assessment
Company assessmentDirect peers
- Bloom Energy: Bloom Energy manufactures solid-oxide fuel cell systems that provide on-site distributed power generation for data centers, industrial, and commercial customers — the same end-markets and distributed-generation model as APGREEN's APG-Series.
- Plug Power: Plug Power designs and builds hydrogen production systems (including on-site electrolyzers and reformers) and fuel cell products for mobility, stationary, and industrial power — directly comparable to APGREEN's hydrogen production and fuel-cell integration stack.
- Doosan Fuel Cell: Korea-based fuel cell systems manufacturer serving distributed power and CHP applications across industrial, commercial, and utility customers — directly overlapping with APGREEN's APG-Series use cases in the same Korean market.
- Nel ASA: Nel supplies hydrogen production equipment (alkaline and PEM electrolyzers) for industrial, mobility, and refueling applications — comparable to APGREEN's on-site hydrogen production systems, though Nel focuses on electrolysis rather than hydrocarbon reforming.
- ITM Power: ITM Power manufactures PEM electrolyzer systems for on-site green hydrogen production targeting industrial, refueling, and power applications — a direct competitor in the on-site hydrogen generation equipment category.
Broad incumbents
- Cummins Accelera: Cummins' Accelera segment produces hydrogen fuel cell powertrains and electrolyzers as part of a broader power and industrial portfolio — overlapping with APGREEN's hydrogen production and fuel-cell integration, but as a much larger and broader business.
- Ballard Power Systems: Ballard designs and manufactures PEM fuel cell products primarily for heavy-duty mobility, with adjacent stationary power offerings — comparable technology stack to APGREEN's fuel-cell integration, but operating in adjacent end-markets at greater scale.
- Air Products and Chemicals: Air Products is a global industrial gases and hydrogen major operating large-scale SMR/ATR hydrogen production, refueling infrastructure, and projects — overlapping with APGREEN's hydrogen production space but at vastly larger industrial scale.
- Linde: Linde is a global industrial gases leader with hydrogen production, distribution, and clean energy infrastructure offerings — comparable to APGREEN's hydrogen production business but operating across the full industrial gas spectrum at global scale.
Regional players
- SK Innovation / SK E&S: Korean energy/clean energy major investing in hydrogen production, fuel cells, and distributed power — overlapping with APGREEN's end-markets and offering a Korean partnership or competitive benchmark for APGREEN's domestic ambitions.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
APGREEN social profiles
Digital presenceAPGREEN compliance and trust
Trust signalCompliance16 records
APGREEN financial estimates
Financial estimateRevenue estimate
Valuation estimate
APGREEN leadership team
Management profileNumber of profiles
Profiles2 records
APGREEN funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
APGREEN 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 APGREEN
What does APGREEN do?
APGREEN develops and manufactures modular on-site hydrogen production and power generation systems (APG-Series) based on low-temperature plasma catalytic reforming and fuel-cell integration. The systems convert hydrocarbons such as methane, LNG, city gas, and biogas into clean hydrogen with integrated carbon capture, producing electrical power at capacities ranging from 80 kWh/day (APG-5) to 3,800 kWh/day (APG-250) for industrial, data center, critical infrastructure, and small/medium commercial customers.
Is APGREEN a public or private company?
APGREEN is a private company. It is classified as unknown and is currently operating.
When was APGREEN founded?
APGREEN was founded in 2021. It employs 1 to 10 people.
Where is APGREEN based?
APGREEN is headquartered in Ansan, South Korea, in the Asia region.
How does APGREEN make money?
Two revenue lines are on record. Hydrogen Power Generation Systems (APG-Series) is the primary driver. The others are clean Hydrogen Production Technology Licensing.
Who are APGREEN's main competitors?
Direct peers on record are Bloom Energy, Plug Power, Doosan Fuel Cell, Nel ASA and ITM Power. Broad incumbents are Cummins Accelera, Ballard Power Systems, Air Products and Chemicals and Linde. SK Innovation / SK E&S is listed as a regional player.
Does APGREEN have an API?
No public API is recorded for APGREEN.
What industry is APGREEN in?
APGREEN's product category is Clean Hydrogen Production Systems. Its primary akta.pro industry code is EUACALAK, Fuel Cell Distributed Generation (Hydrogen/Natural Gas SOFC/PEM), with a secondary code of IMAEACAB, Hydrogen (Industrial & Mobility). Its NAICS code is 22111 and its SIC code is 4991.