CENmat
CENmat is a German deep-tech hardware company developing proprietary AEM water electrolysers (HYScale), PEM electrocatalysts (OXYGN), and anion-exchange membranes (AionFLX) for economical green hydrogen production, serving industrial hydrogen producers in heavy industry sectors across Europe and India.
- Company typePrivate
- Founded2019
- HeadquartersWaldenbuch, Germany
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What CENmat does
CENmat (legal name: Cutting-Edge Nanomaterials UG (Haftungsbeschränkt)) is a German deep-technology hardware company founded in 2019 by three PhD researchers — Dr. Aldo Gago, Dr. Jens Mitzel, and Dr. Schwan Hosseiny — from the German Aerospace Center's (DLR) Electrochemical Energy Technology Group. The company is headquartered in Pforzheim, Germany, with R&D operations in Stuttgart, and operates with a team of 1-10 specialists in electrocatalysis, membrane technology, and electrochemical reactor design.
CENmat develops vertically integrated water electrolysis technologies for green hydrogen production, spanning materials, components, stack design, and plant-level integration. Its core product, HYScale, is an Anion Exchange Membrane (AEM) electrolyser engineered to operate at current densities up to 2 A*cm-2 without requiring critical raw materials, using stable, fully recyclable anion-exchange membranes and ionomers developed in-house (branded AionFLX). Its second product line, OXYGN, is an iridium-based oxygen evolution electrocatalyst for PEM electrolysis that reduces iridium loading to as low as 0.2 mg*cm-2 without compromising durability. The company targets a system CAPEX of 500-700 €/kW-1, a level materially below conventional PEM and alkaline electrolyser benchmarks.
The company's revenue model centers on direct and partnership-based sale of electrolyser hardware and components to industrial hydrogen producers in heavy-industry segments (steel, chemicals, cement, ammonia). It pursues a dual GTM of enterprise field sales and strategic OEM/licensing partnerships — most notably a 2026 MoU with India's Advait Greenergy for deployment in the Indian green hydrogen market. CENmat supplements commercial activities with EU Horizon 2020 consortium participation (NEWELY for AEMWE durability, PROMET-H2 for PEM cost reduction) and event-driven lead generation at European Hydrogen Week, Hannover Messe, and H2UB Hydroverse. The company is privately held with no disclosed equity funding rounds, relying on grant funding and likely founder capital during its commercialization phase.
CENmat firmographics
Firmographics- Name
- CENmat
- Legal name
- Cutting-Edge Nanomaterials UG (Haftungsbeschränkt)
- Website
- https://cen-mat.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- CENmat is a German deep-tech hardware company developing proprietary AEM water electrolysers (HYScale), PEM electrocatalysts (OXYGN), and anion-exchange membranes (AionFLX) for economical green hydrogen production, serving industrial hydrogen producers in heavy industry sectors across Europe and India.
- Ownership category
- akta.pro rank
CENmat industry classification
Industry- Product category
- Water Electrolyser Systems
- NAICS
- Electrical Equipment Manufacturing (3353), Industrial Gas Manufacturing (32512)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- 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), Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF)
Keywords
Where CENmat is headquartered
LocationHeadquarters
- HQ city
- Waldenbuch
- HQ country
- Germany
- HQ region
- Europe
Offices2 records
Markets served
CENmat business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales
Revenue model
- Electrolysis Hardware Sales: Sale of water electrolyser systems including HYScale AEM electrolysers and OXYGN PEM electrocatalyst products for green hydrogen production facilities.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
CENmat product offering
Product offeringCore offering
CENmat develops, manufactures, and supplies water electrolysis technologies for green hydrogen production. Its primary product lines are the HYScale AEM electrolyser system and the OXYGN iridium-based oxygen evolution electrocatalyst for PEM electrolysis, built around a proprietary anion-exchange membrane and component architecture that operates without critical raw materials. The offerings are targeted at industrial customers and project developers needing scalable, low-cost green hydrogen equipment.
Product overview
CENmat is a vertically integrated water electrolyser company built for the climate era, offering breakthrough technologies for economical and truly green hydrogen production. The company provides multiple product lines including HYScale (AEM electrolyser technology) and OXYGN (PEM electrocatalyst), designed to be sustainable, scalable, highly efficient and low-cost for a fossil-free future.
Differentiator
Problem solved
Functional benefit
Brands
- HYScale: CENmat's groundbreaking AEM water electrolyser technology designed for efficient and scalable green hydrogen production. Features high current density operation, compact design, no reliance on critical raw materials, and uses recyclable anion-exchange membranes and ionomers.
- OXYGN
- AionFLX
Products and services
- HYScale AEM Electrolyser A re-engineered anion-exchange membrane (AEM) water electrolyser system designed for efficient and scalable green hydrogen production. It eliminates dependence on critical raw materials, uses stable, green and fully recyclable AEM membranes and ionomers, and operates efficiently and durably at current densities as high as 2 A/cm². Targeted at industrial customers, energy providers, and project developers deploying green hydrogen production from off-grid to multi-MW scale.
- OXYGN Iridium-based Oxygen Evolution Electrocatalyst A highly active and durable iridium-based oxygen evolution electrocatalyst for PEM water electrolysis. It reduces iridium loading to as low as 0.2 mg/cm² without compromising stability or performance, enabling PEM electrolysis to scale economically for industrial green hydrogen production.
Quantifiable outcome
- Current density up to 2 A*cm-2
- +2 more outcomes
Companies that use CENmat
Customer profileSegments2 records
Ideal customer profiles1 record
CENmat technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
CENmat partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Advait GreenergycoreMoU signed to collaborate on deploying PEM and AEM electrolyser technologies for green hydrogen and clean energy projects in India. The partnership combines CENmat's expertise in electrolyser technology development and OEM capabilities with Advait Greenergy's experience in EPC, system integration, and large-scale project execution. Agreement formally exchanged during India Energy Week 2026 in Goa. Builds on Advait Greenergy's INR 1,400 crore investment commitment with Government of Gujarat.
- Advait GreenergycoreMoU with Advait Greenergy for PEM and AEM electrolyser technology deployment in India. Part of three strategic MoUs signed by Advait Greenergy with global and domestic partners to accelerate green hydrogen infrastructure development.
- Advait GreenergycoreMoU for PEM and AEM electrolyzer technology as part of Advait Greenergy's strategic partnerships to boost green hydrogen. Non-binding agreement establishing framework for collaboration across technology integration, EPC execution, and project delivery aligned with India's clean energy transition goals.
- NEWELY ConsortiumcoreEU Horizon 2020 FCH JU funded project aiming to redefine anion-exchange membrane water electrolysis (AEMWE). Works on design, component and material development of new AEM water electrolyser prototype, demonstrating long-term durability at relevant operating conditions. Represents the new generation of AEMWE with innovations in materials, cell and stack design, and operating conditions.
- PROMET-H2 ConsortiumcoreEU Horizon 2020 project developing technologies to improve energy transmission to hydrogen, reduce costs and storage. Focuses on reducing or eliminating expensive precious metal catalysts and other expensive components in PEM electrolysis, employing new hydraulic compression technology, targeting CAPEX of 500-700 €/kW-1 without compromising performance.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
CENmat competitors and assessment
Company assessmentDirect peers
- Enapter: Germany-Italy based company specializing in anion exchange membrane (AEM) electrolysers; the closest direct peer given shared AEM technology focus targeting small-to-medium scale green hydrogen deployment.
- Plug Power: US-listed provider of PEM electrolyser systems and hydrogen fuel cell solutions; directly comparable as an end-to-end green hydrogen equipment supplier using PEM technology.
- thyssenkrupp nucera: German electrolyser technology company spun off from thyssenkrupp, supplying large-scale alkaline water electrolysis units; directly comparable as a Germany-based hydrogen equipment vendor.
- ITM Power: UK-listed PEM electrolyser manufacturer focused on large-scale green hydrogen production; directly competes with CENmat's PEM/OXYGN catalyst offering for industrial customers.
- Sunfire GmbH: Germany-based electrolysis company developing SOEC and AEM technologies for green hydrogen and e-fuels; directly comparable as a German deep-tech electrolyser innovator with proprietary next-gen stack IP.
- McPhy Energy: French electrolyser manufacturer producing alkaline and PEM water electrolysis systems for industrial and mobility applications; directly competes with CENmat in the European green hydrogen market.
- Nel ASA: Norwegian-listed leading alkaline and PEM electrolyser manufacturer; directly comparable to CENmat as a water electrolysis equipment provider serving industrial green hydrogen customers globally.
Emerging players
- H2Pro: Israel-based start-up developing proprietary E-TAC electrochemical hydrogen production technology; comparable as an early-stage deep-tech electrolysis innovator with differentiated cell architecture.
Broad incumbents
- Siemens Energy: Major global energy technology supplier with a hydrogen electrolyser business (Silyzer PEM) among its broader portfolio; comparable as a broad incumbent in industrial-scale green hydrogen equipment.
- Cummins (Accelera): US-based Cummins' Accelera segment offers PEM electrolyser systems as part of a broader zero-emission powertrain portfolio; comparable as a large incumbent electrolysis competitor with significant R&D scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
CENmat social profiles
Digital presenceCENmat financial estimates
Financial estimateRevenue estimate
Valuation estimate
CENmat leadership team
Management profileNumber of profiles
Profiles3 records
CENmat funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CENmat 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 CENmat
What does CENmat do?
CENmat develops, manufactures, and supplies water electrolysis technologies for green hydrogen production. Its primary product lines are the HYScale AEM electrolyser system and the OXYGN iridium-based oxygen evolution electrocatalyst for PEM electrolysis, built around a proprietary anion-exchange membrane and component architecture that operates without critical raw materials. The offerings are targeted at industrial customers and project developers needing scalable, low-cost green hydrogen equipment.
Is CENmat a public or private company?
CENmat is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CENmat founded?
CENmat was founded in 2019. It employs 1 to 10 people.
Where is CENmat based?
CENmat is headquartered in Waldenbuch, Germany, in the Europe region.
How does CENmat make money?
One revenue line is on record: electrolysis Hardware Sales.
Who are CENmat's main competitors?
Direct peers on record are Enapter, Plug Power, thyssenkrupp nucera, ITM Power, Sunfire GmbH, McPhy Energy and Nel ASA. H2Pro is listed as an emerging player. Broad incumbents are Siemens Energy and Cummins (Accelera).
Does CENmat have an API?
No public API is recorded for CENmat.
What industry is CENmat in?
CENmat's product category is Water Electrolyser Systems. Its primary akta.pro industry code is IMAGAHAM, Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems), with a secondary code of IMAEACAB, Hydrogen (Industrial & Mobility). Its NAICS code is 3353 and its SIC code is 3600.