ProtonH2
ProtonH2 is a Calgary-based clean hydrogen producer that uses its patented ISHG™ in-situ process to convert end-of-life oil and gas reservoirs into low-cost hydrogen (under $1.00/kg) and electricity (under $0.02/kWh), serving power generation utilities, industrial hydrogen consumers, and hydrogen midstream operators from its Kerrobert, Saskatchewan operations.
- Company typePrivate
- Founded-
- HeadquartersCalgary, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What ProtonH2 does
ProtonH2 is a privately held clean hydrogen producer headquartered in Calgary, Alberta, with primary operations centered on its Kerrobert, Saskatchewan asset. The company's core offering is the patented ISHG™ (In-Situ Hydrogen Gas) process, which injects controlled oxygen into end-of-life oil and gas reservoirs to oxidize residual hydrocarbons in situ, generating a syn-gas blend with high hydrogen concentration while naturally sequestering 15-20% of the CO2 produced. ProtonH2 markets the resulting output as Clear Hydrogen™ and operates two flagship projects at Kerrobert: Project Apollo, a multi-phase expansion designed to produce more than 500 tons of low-carbon hydrogen per day at a levelized cost below $1.00/kg, and the Kerrobert Power Project, a first-of-its-kind gas-to-electricity conversion targeting electricity output below $0.02/kWh.
The business model is built around low-cost hydrogen and electricity sales to enterprise customers — primarily power generation utilities, industrial hydrogen consumers (refining, ammonia, methanol), and hydrogen midstream operators — under multi-year project-based contracts. Distribution combines direct field sales to local markets with a strategic partnership with Philomaxcap AG and GenH2 for modular liquefaction, zero-loss storage, and global distribution of liquid hydrogen. The technology also enables a secondary CO2 sequestration revenue stream via conventional methods, EOR, or agricultural applications.
ProtonH2 is led by CEO Paul Sandhu, Chief Development Officer Calvin Johnson, and Chief Commercial Officer Carmine Battista, with technical leadership from Dr. Ian Gates. The company has 11-50 employees, has selected Propak Systems as its EPC partner, and is the subject of an exclusive acquisition option held by Path2 Hydrogen (announced October 2025). Its competitive position rests on a combination of patented in-situ process technology, water-efficient operations that produce a net-positive water balance from EOR reservoirs, and the reuse of previously expensed oil and gas infrastructure.
ProtonH2 firmographics
Firmographics- Name
- ProtonH2
- Legal name
- ProtonH2
- Website
- https://protonh2.com/
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ProtonH2 is a Calgary-based clean hydrogen producer that uses its patented ISHG™ in-situ process to convert end-of-life oil and gas reservoirs into low-cost hydrogen (under $1.00/kg) and electricity (under $0.02/kWh), serving power generation utilities, industrial hydrogen consumers, and hydrogen midstream operators from its Kerrobert, Saskatchewan operations.
- Ownership category
- akta.pro rank
ProtonH2 industry classification
Industry- Product category
- Clean Hydrogen Production
- NAICS
- Industrial Gas Manufacturing (32512), Petrochemical Manufacturing (32511)
- SIC
- Industrial Inorganic Chemicals (2810), Petroleum Refining (2911)
- akta.pro primary industry
- Hydrogen (Industrial & Mobility) (IMAEACAB)
- akta.pro secondary industries
- Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC), Hydrogen CHP (Fuel Cell & H2-Ready Turbines) (EUACAKAF), Refinery Hydrogen & Utilities Systems (SMR/ATR, Steam, Power, Water) (EUALAGAI)
Keywords
Where ProtonH2 is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
ProtonH2 business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Technology or R&D, Operations, Personnel
Revenue model
- Hydrogen Production and Sales: Sale of low-cost, low-carbon intensity hydrogen produced from end-of-life oil and gas assets. Product sold into local markets with focus on power generation, with optional H2 separation at surface to serve broader hydrogen economy as demand grows.
- Gas-to-Electricity Power Generation: Conversion and sale of hydrogen-generated electricity to local power grids at competitive pricing (targeting less than $0.02/kWh), providing practical and economically viable offtake for hydrogen production.
- Syn-gas/H2 Blend Sales: Sale of syn-gas/hydrogen blend into local markets with focus on power generation applications.
- CO2 Sequestration Services: Sequestered CO2 using conventional methods (e.g., CSS) or sold into local markets for other forms of sequestration including EOR or agriculture.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Project Apollo hydrogen production cost target |
| Unit Pricing | Multi-year contract | Strategic partnership hydrogen pricing |
| Unit Pricing | Multi-year contract | Kerrobert Power Project electricity pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
ProtonH2 product offering
Product offeringCore offering
ProtonH2 produces ultra-low-cost, low-carbon clean hydrogen by applying its proprietary ISHG™ (In-Situ Hydrogen Gas) process to end-of-life oil and gas reserves. The company operates hydrogen production and gas-to-electricity projects at its Kerrobert, Saskatchewan asset, selling hydrogen (as syn-gas/H2 blend or separated H2) and electricity directly to industrial consumers, power generation utilities, and — via its GenH2 partnership — midstream liquefaction customers.
Product overview
ProtonH2 is a clean hydrogen producer offering a portfolio of products centered around its proprietary ISHG™ (In-Situ Hydrogen Generation) process. This core technology transforms end-of-life and uneconomical oil and gas reserves into clean hydrogen production facilities. The company's product suite includes Clear Hydrogen™ (the output product), advanced Reserves Modelling and Analytics services, and two major projects: Project Apollo (large-scale hydrogen production at 500+ tons/day) and the Kerrobert Power Project (gas-to-electricity conversion). The company operates through strategic partnerships, including an EPC partnership with Propak Systems and a strategic MOU with Philomaxcap/GenH2 for liquefaction integration. ProtonH2's offerings span the hydrogen value chain from production to power generation, with plans to expand into hydrogen separation and CO2 sequestration services.
Differentiator
Problem solved
Functional benefit
Brands
- ISHG™: ProtonH2's patented hydrogen production process that utilizes existing oil infrastructure and controlled O2 injection to oxidize reservoir hydrocarbons and generate syn-gas with high H2 concentrations.
- Clear Hydrogen™
Products and services
- Clear Hydrogen™ Carbon-free, low-cost hydrogen produced using ProtonH2's ISHG™ process on previously expensed (end-of-life) oil and gas infrastructure. Sold as a syn-gas/H2 blend for power generation or separated at the surface for broader hydrogen-economy applications. For B2B offtakers including power utilities, industrial consumers, and — through the GenH2 partnership — liquefaction customers.
- Project Apollo Multi-phase hydrogen production expansion at the Kerrobert, Saskatchewan asset, designed to produce over 500 tons of low-carbon intensity hydrogen per day at a levelized cost of less than $1.00 per kg. Outputs are sold into power generation, industrial, and — via GenH2 — midstream markets.
- Kerrobert Power Project First-of-its-kind project at ProtonH2's Kerrobert, Saskatchewan asset that converts hydrogen into low-carbon electricity at a target price of less than $0.02/kWh, providing a direct offtake channel for produced hydrogen into local electricity markets.
- Reserves Modelling and Analytics Technical service providing advanced reserves modelling and analytics to support deployment of the ISHG™ process. Leverages proprietary methodologies to produce precise, reliable data on candidate end-of-life hydrocarbon reservoirs.
Quantifiable outcome
- Hydrogen production cost of less than $1.00/kg at scale
- +5 more outcomes
Companies that use ProtonH2
Customer profileSegments3 records
Ideal customer profiles3 records
ProtonH2 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature6 records
ProtonH2 partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Philomaxcap AG / GenH2corePhilomaxcap AG (Frankfurt-listed, Munich-based managing holding company) and its subsidiary GenH2 (US-based liquid hydrogen innovator) signed MOU with ProtonH2 to integrate their technologies and commercial strengths. Partnership combines ProtonH2's low-cost ISHG™ hydrogen production (<$0.75/kg) with GenH2's modular liquefaction systems and zero-loss Controlled Storage systems for end-to-end hydrogen value chain. GenH2's technology team includes former NASA researchers. Collaboration spans liquefaction deployment, hydrogen offtake, asset integration, and new market development. Intends to co-develop hydrogen infrastructure projects globally using replicable model.
- Propak Systems Ltd.corePropak Systems Ltd. selected as Engineering, Procurement, and Construction (EPC) partner for Project Apollo after extensive evaluation process. Propak brings proven expertise in delivering complex energy projects and full turnkey project delivery on time and on budget. This partnership is critical for executing ProtonH2's vision of creating a world-class hydrogen production facility in the Kerrobert area of Saskatchewan.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
ProtonH2 competitors and assessment
Company assessmentOthers
- Chart Industries: Equipment manufacturer for hydrogen liquefaction, storage, and distribution infrastructure. Relevant to ProtonH2 via the GenH2 strategic partnership — Chart/GenH2-type infrastructure is needed for ProtonH2's LH2 distribution ambitions.
Broad incumbents
- Linde plc: Global industrial gas leader with substantial hydrogen production, pipeline, and offtake infrastructure. Comparable to ProtonH2 in producing merchant hydrogen for industrial and power generation customers, though Linde serves a far broader portfolio and geography.
- Air Liquide: Major industrial gas producer with significant hydrogen output for refining, chemicals, and clean mobility. Comparable to ProtonH2 on hydrogen-as-an-industrial-gas business model and long-term offtake contracts with utilities and industrial customers.
- Air Products: World's largest hydrogen producer and a broad incumbent in industrial gases. Operates one of the largest blue/grey hydrogen networks globally and is investing heavily in green hydrogen megaprojects, making it a directly comparable reference for scale and offtake economics in hydrogen production.
Direct peers
- Capterio: Specializes in capturing and monetizing flared and stranded gas into cleaner energy products. Closely parallels ProtonH2's model of extracting value from end-of-life hydrocarbon infrastructure for low-carbon energy, though Capterio focuses on gas flaring rather than in-situ hydrogen generation.
Emerging players
- Plug Power: End-to-end hydrogen ecosystem company producing, distributing, and consuming green hydrogen for fuel cells and mobility. Comparable to ProtonH2 on the production-side ambitions and decarbonization thesis, though Plug's model is electrolyzer + mobility offtake vs. ISHG + power/industrial offtake.
- Nel ASA: Norwegian electrolyzer and hydrogen fueling station provider pursuing large-scale hydrogen production equipment deployments. Comparable to ProtonH2 as a hydrogen production technology company, though Nel focuses on electrolyzer manufacturing versus in-situ generation.
- ITM Power: UK-listed PEM electrolyzer manufacturer pursuing large-scale green hydrogen production at sub-£2/kg targets. Comparable to ProtonH2 as a hydrogen producer targeting cost-competitive clean H2, though using a different technology pathway (electrolysis vs. in-situ hydrocarbon oxidation).
- Hyzon Motors: Hydrogen fuel cell truck developer that also pursues hydrogen production projects for mobility offtake. Comparable to ProtonH2 as a hydrogen economy participant, though Hyzon focuses on mobility demand rather than power/industrial offtake.
- Fortescue Future Industries: Australian green hydrogen and ammonia producer pursuing large-scale renewable-powered H2 projects. Comparable to ProtonH2 on the ambition to produce low-cost, low-carbon hydrogen at industrial scale for power and industrial offtake, though using electrolysis rather than in-situ generation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights6 records
Customer concentration
ProtonH2 social profiles
Digital presenceProtonH2 financial estimates
Financial estimateRevenue estimate
Valuation estimate
ProtonH2 leadership team
Management profileNumber of profiles
Profiles6 records
ProtonH2 funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ProtonH2 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 ProtonH2
What does ProtonH2 do?
ProtonH2 produces ultra-low-cost, low-carbon clean hydrogen by applying its proprietary ISHG™ (In-Situ Hydrogen Gas) process to end-of-life oil and gas reserves. The company operates hydrogen production and gas-to-electricity projects at its Kerrobert, Saskatchewan asset, selling hydrogen (as syn-gas/H2 blend or separated H2) and electricity directly to industrial consumers, power generation utilities, and — via its GenH2 partnership — midstream liquefaction customers.
Is ProtonH2 a public or private company?
ProtonH2 is a private company. It is classified as unknown and is currently operating.
When was ProtonH2 founded?
ProtonH2 was founded in -1. It employs 11 to 50 people.
Where is ProtonH2 based?
ProtonH2 is headquartered in Calgary, Canada, in the North America region.
How does ProtonH2 make money?
Four revenue lines are on record. Hydrogen Production and Sales are the primary driver. The others are gas-to-Electricity Power Generation, syn-gas/H2 Blend Sales and CO2 Sequestration Services.
Who are ProtonH2's main competitors?
Chart Industries is listed as an others. Broad incumbents are Linde plc, Air Liquide and Air Products. Capterio is listed as a direct peer. Emerging players are Plug Power, Nel ASA, ITM Power, Hyzon Motors and Fortescue Future Industries.
Does ProtonH2 have an API?
No public API is recorded for ProtonH2.
What industry is ProtonH2 in?
ProtonH2's product category is Clean Hydrogen Production. Its primary akta.pro industry code is IMAEACAB, Hydrogen (Industrial & Mobility), with a secondary code of EUABAJAC, Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol). Its NAICS code is 32512 and its SIC code is 2810.