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Adele Hydrogen

Full company profile

uuid00rt8sg

Namestring
Adele Hydrogen
Legal namestring
Adele Hydrogen SAS
Company typeenum
Private
Founded yearint
2023
Descriptiontext

Adele Hydrogen develops alkaline electrolyzer electrode technology for green hydrogen production. The company focuses on Pathfinder Electrodes, which increase active surface area, lower stack power consumption, and raise hydrogen output per square meter. Its electrodes aim to cut energy use, improve current density, and expand turndown ratios for systems powered by variable renewables. Adele Hydrogen collaborates with electrolyzer OEMs, research laboratories, and project developers on performance testing and deployment. It serves industrial hydrogen producers seeking to lower production costs and capital needs while integrating into existing alkaline systems.

Short descriptiontext

Adele Hydrogen develops and manufactures alkaline electrolyzer electrodes that increase hydrogen output and reduce energy.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersLyon, France
HQ citystring
Lyon
HQ countrystring
France
HQ regionstring
Europe
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
alkaline electrolyzer electrodes, green hydrogen production, non-PGM catalysts, hydrogen electrolysis components, catalyst-coated electrodes
Industry2 codes
1Hydrogen (Industrial & Mobility)
CodeIMAEACABPrimaryYes
2Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems)
CodeIMAGAHAMPrimaryNo
NAICS code1 code
  • Chemical Manufacturing325
SIC code1 code
  • Electrical Industrial Apparatus3620
Product category
Alkaline Electrolyzer Electrodes
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Pathfinder Electrode Sales
TypeHardware Sales
Description

Direct sales of proprietary alkaline electrolysis electrodes to electrolyzer OEMs, project developers, and industrial hydrogen producers. The company operates both a small-scale production facility and is building the Alpha Line production facility in Lyon (launching H1 2026) capable of producing hundreds of MW of electrodes per year.

adelehydrogen.com
2Technology Licensing and Consulting
TypeLicensing Royalties
Description

Potential technology licensing of electrode manufacturing processes and technical consulting services for electrolyzer optimization. The company invites project developers to explore LCOH impact and provides detailed technology assessments.

adelehydrogen.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Technology or R&D, Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales
Pricing details1 tier
1Pathfinder Electrodes - Competitive unit pricing for electrolyzer manufacturers and project developers
ModelUnit PricingBilling cadenceMulti-year contract
Notes

Pricing varies by order volume and project specifications. Company emphasizes globally competitive pricing with significant CAPEX and OPEX savings. Hydrogen production cost target of approximately €1 per kg. Specific pricing requires direct inquiry for customized project assessment.

adelehydrogen.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Adele Hydrogen develops and manufactures Pathfinder Electrodes — proprietary alkaline electrolysis electrodes built with patented non-Platinum Group Metal (non-PGM) catalysts on a catalyst-coated substrate. The electrodes deliver up to 10,000x active surface area versus standard electrodes, up to 69% LHV efficiency meeting IEA 2030 targets, and integrate directly into existing alkaline electrolyzer stacks without modification. Manufacturing is being scaled at the Alpha Line facility in Lyon (launch H1 2026) targeting hundreds of MW of annual electrode output for OEM and industrial hydrogen customers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 10 values shown
  • Up to 10,000x active surface area compared to standard electrodes
+9 more records
Product overview1 text field

Adele Hydrogen offers a single unified product line centered on its Pathfinder Electrodes — advanced alkaline electrolysis electrodes for green hydrogen production. The electrodes feature proprietary patented catalysts, achieve industry-leading efficiency (up to 69% LHV), and operate without Platinum Group Metals or Critical Raw Materials. The technology integrates into existing alkaline electrolyzer systems without modifications, targeting both CAPEX reduction (up to 80% stack savings) and OPEX reduction (42.5 kWh/kg energy consumption). The company is establishing the Adele Hydrogen Alpha Line production facility in Lyon (launch H1 2026) to produce hundreds of MW of electrodes annually.

Product and service1 record
1Pathfinder Electrodes
CategoryAlkaline Electrolyzer Electrodes
Description

Proprietary alkaline electrolysis electrodes using a patented non-Platinum Group Metal catalyst-coated substrate. Delivers up to 10,000x active surface area vs. standard electrodes, up to 69% LHV efficiency (IEA 2030 target), 42.5 kWh/kg H2 stack DC consumption, stable operation up to 3.5 A/cm2, and 4x higher hydrogen output per m2. Sold to electrolyzer OEMs, project developers, and research institutions for green hydrogen production.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership7 partners
1Green Hydrogen Development & Investment GmbH
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-02-23
Description

Austrian company collaborating on Alpine Hydrogen project submitted for EU Hydrogen Bank auction. Project targets 500 tonnes green hydrogen annually for industrial customers in Tyrol, Austria, with projected CO2 reduction of 4,000+ tonnes annually.

adelehydrogen.com
2RCT GH GmbH
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-02-23
Description

German hydrogen technology company partnering on Alpine Hydrogen project to combine robust alkaline electrolysis with breakthrough electrode performance for improved green hydrogen economics in Europe.

adelehydrogen.com
3DECHEMA Research Institute
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-09-24
Description

Leading German research institute specializing in energy storage and conversion. Collaborated with Adele Hydrogen to test and validate Pathfinder Electrodes, demonstrating stable operation up to 3.5 A/cm² - performance never before attained in industrially viable alkaline electrolyzers. Co-authored technology whitepaper.

adelehydrogen.com
4LEPMI (Laboratory of Electrochemistry and Physicochemistry of Materials and Interfaces)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-02-25
Description

France's leading electrochemical laboratory affiliated with CNRS, Grenoble INP – UGA, Université Grenoble Alpes, and Université Savoie Mont Blanc. Collaborative research partnership for advanced R&D on Pathfinder Electrodes performance and efficiency enhancement. Leverages world-class expertise and advanced instrumentation.

adelehydrogen.com
5Axel'One Campus
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-02-25
Description

Premier chemical research facility on LyonTech-la Doua campus in Villeurbanne. Adele Hydrogen established its state-of-the-art electrolysis laboratory at this campus for testing and optimization of Pathfinder Electrodes in a collaborative research environment.

adelehydrogen.com
6Hydrogen Europe
Strategic tierMinorTypeOthers
Description

European hydrogen industry association connecting Europe's top hydrogen innovators. Adele Hydrogen is a proud member of the H2UB community (associated with Hydrogen Europe).

adelehydrogen.com
7H2UB
Strategic tierMinorTypeOthers
Description

European hydrogen innovation ecosystem and community connecting top hydrogen innovators. Adele Hydrogen is a proud member supporting the transition to cost-effective green hydrogen.

adelehydrogen.com
Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1Nel ASA
TypeDirect peer
Description

Nel ASA is one of the world's largest alkaline electrolyzer manufacturers and Adele Hydrogen's Pathfinder Electrodes are designed to integrate directly into Nel-style alkaline stacks. Both compete/operate in the green hydrogen production hardware stack and serve overlapping OEMs and project developers.

2John Cockerill
TypeDirect peer
Description

John Cockerill is a leading alkaline electrolyzer manufacturer offering multi-MW stacks for industrial-scale green hydrogen. Adele targets precisely this category of OEM with embedded electrodes, making John Cockerill a direct integration counterpart and benchmark.

3Thyssenkrupp nucera
TypeDirect peer
Description

Thyssenkrupp nucera designs and manufactures large-scale alkaline electrolyzers and is a logical OEM customer for Adele's Pathfinder Electrodes. Operating in the same electrolyzer hardware value chain, it represents a potential design-in target.

4Sunfire
TypeDirect peer
Description

Sunfire develops alkaline and SOEC electrolyzers and is one of Europe's leading hydrogen technology companies. It overlaps with Adele at the electrolyzer stack level and represents an alternative European technology pathway.

5ITM Power
TypeDirect peer
Description

ITM Power is a UK-based electrolyzer manufacturer focusing on PEM technology. While the core technology differs from Adele's alkaline focus, both target green hydrogen production infrastructure and compete for the same project developer and OEM relationships.

6Enapter
TypeDirect peer
Description

Enapter specializes in AEM (Anion Exchange Membrane) electrolyzers, representing an alternative low-cost distributed hydrogen approach. It competes with alkaline technologies like Adele's for the same green hydrogen end-user customers.

7Pajarito Powder
TypeEmerging player
Description

Pajarito Powder manufactures advanced catalysts and electrode materials for fuel cells and electrolyzers, including PGM and non-PGM formulations. It is a closely comparable catalyst/electrode specialist to Adele Hydrogen, and Senior Electrochemist Huong Doan previously worked there.

8Advent Technologies
TypeEmerging player
Description

Advent Technologies develops high-temperature PEM fuel cell and electrolyzer components, including advanced membrane electrode assemblies. It overlaps with Adele in electrochemical materials and shares technical staff pedigree (Huong Doan previously at Advent).

9Cummins (Accelera)
TypeBroad incumbent
Description

Cummins through its Accelera brand develops and supplies PEM and alkaline electrolyzers for industrial hydrogen production. As a major diversified industrial incumbent, it competes for the same project developer relationships Adele targets.

10Plug Power
TypeBroad incumbent
Description

Plug Power is a US-based broad hydrogen ecosystem player with PEM electrolyzer products and large-scale project deployment capabilities. While not alkaline-focused, it competes in the broader green hydrogen value chain that Adele addresses.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Adele Hydrogen

Alkaline Electrolyzer Electrodesadelehydrogen.com

Adele Hydrogen develops and manufactures alkaline electrolyzer electrodes that increase hydrogen output and reduce energy.

What Adele Hydrogen does

Adele Hydrogen develops alkaline electrolyzer electrode technology for green hydrogen production. The company focuses on Pathfinder Electrodes, which increase active surface area, lower stack power consumption, and raise hydrogen output per square meter. Its electrodes aim to cut energy use, improve current density, and expand turndown ratios for systems powered by variable renewables. Adele Hydrogen collaborates with electrolyzer OEMs, research laboratories, and project developers on performance testing and deployment. It serves industrial hydrogen producers seeking to lower production costs and capital needs while integrating into existing alkaline systems.

Adele Hydrogen firmographics

Firmographics
Name
Adele Hydrogen
Legal name
Adele Hydrogen SAS
Website
https://www.adelehydrogen.com
Company type
Private
Founded year
2023
Operating status
Operating
Headcount range
1–10 employees
Short description
Adele Hydrogen develops and manufactures alkaline electrolyzer electrodes that increase hydrogen output and reduce energy.
Ownership category
akta.pro rank

Adele Hydrogen industry classification

Industry
Product category
Alkaline Electrolyzer Electrodes
NAICS
Chemical Manufacturing (325)
SIC
Electrical Industrial Apparatus (3620)
akta.pro primary industry
Hydrogen (Industrial & Mobility) (IMAEACAB)
akta.pro secondary industry
Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)

Keywords

  • Alkaline electrolyzer electrodes
  • Green hydrogen production
  • Non-PGM catalysts
  • Hydrogen electrolysis components
  • Catalyst-coated electrodes

Where Adele Hydrogen is headquartered

Location

Headquarters

HQ city
Lyon
HQ country
France
HQ region
Europe

Offices2 records

Markets served

Adele Hydrogen business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

  1. Pathfinder Electrode Sales: Direct sales of proprietary alkaline electrolysis electrodes to electrolyzer OEMs, project developers, and industrial hydrogen producers. The company operates both a small-scale production facility and is building the Alpha Line production facility in Lyon (launching H1 2026) capable of producing hundreds of MW of electrodes per year.
  2. Technology Licensing and Consulting: Potential technology licensing of electrode manufacturing processes and technical consulting services for electrolyzer optimization. The company invites project developers to explore LCOH impact and provides detailed technology assessments.

Pricing tiers

ModelBillingPrice
Unit PricingMulti-year contractPathfinder Electrodes - Competitive unit pricing for electrolyzer manufacturers and project developers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Adele Hydrogen product offering

Product offering

Core offering

Adele Hydrogen develops and manufactures Pathfinder Electrodes — proprietary alkaline electrolysis electrodes built with patented non-Platinum Group Metal (non-PGM) catalysts on a catalyst-coated substrate. The electrodes deliver up to 10,000x active surface area versus standard electrodes, up to 69% LHV efficiency meeting IEA 2030 targets, and integrate directly into existing alkaline electrolyzer stacks without modification. Manufacturing is being scaled at the Alpha Line facility in Lyon (launch H1 2026) targeting hundreds of MW of annual electrode output for OEM and industrial hydrogen customers.

Product overview

Adele Hydrogen offers a single unified product line centered on its Pathfinder Electrodes — advanced alkaline electrolysis electrodes for green hydrogen production. The electrodes feature proprietary patented catalysts, achieve industry-leading efficiency (up to 69% LHV), and operate without Platinum Group Metals or Critical Raw Materials. The technology integrates into existing alkaline electrolyzer systems without modifications, targeting both CAPEX reduction (up to 80% stack savings) and OPEX reduction (42.5 kWh/kg energy consumption). The company is establishing the Adele Hydrogen Alpha Line production facility in Lyon (launch H1 2026) to produce hundreds of MW of electrodes annually.

Differentiator

Problem solved

Functional benefit

Products and services

  • Pathfinder Electrodes Proprietary alkaline electrolysis electrodes using a patented non-Platinum Group Metal catalyst-coated substrate. Delivers up to 10,000x active surface area vs. standard electrodes, up to 69% LHV efficiency (IEA 2030 target), 42.5 kWh/kg H2 stack DC consumption, stable operation up to 3.5 A/cm2, and 4x higher hydrogen output per m2. Sold to electrolyzer OEMs, project developers, and research institutions for green hydrogen production.

Quantifiable outcome

  • Up to 10,000x active surface area compared to standard electrodes
  • +9 more outcomes

Companies that use Adele Hydrogen

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Adele Hydrogen technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

Adele Hydrogen partnerships and signals

Strategic signal

Partnerships

Seven partnerships are on record, tiered core and minor.

  • Green Hydrogen Development & Investment GmbHcoreStrategic or Co-development Partner · 23 February 2026Austrian company collaborating on Alpine Hydrogen project submitted for EU Hydrogen Bank auction. Project targets 500 tonnes green hydrogen annually for industrial customers in Tyrol, Austria, with projected CO2 reduction of 4,000+ tonnes annually.
  • RCT GH GmbHcoreStrategic or Co-development Partner · 23 February 2026German hydrogen technology company partnering on Alpine Hydrogen project to combine robust alkaline electrolysis with breakthrough electrode performance for improved green hydrogen economics in Europe.
  • DECHEMA Research InstitutecoreStrategic or Co-development Partner · 24 September 2025Leading German research institute specializing in energy storage and conversion. Collaborated with Adele Hydrogen to test and validate Pathfinder Electrodes, demonstrating stable operation up to 3.5 A/cm² - performance never before attained in industrially viable alkaline electrolyzers. Co-authored technology whitepaper.
  • LEPMI (Laboratory of Electrochemistry and Physicochemistry of Materials and Interfaces)coreStrategic or Co-development Partner · 25 February 2025France's leading electrochemical laboratory affiliated with CNRS, Grenoble INP – UGA, Université Grenoble Alpes, and Université Savoie Mont Blanc. Collaborative research partnership for advanced R&D on Pathfinder Electrodes performance and efficiency enhancement. Leverages world-class expertise and advanced instrumentation.
  • Axel'One CampuscoreStrategic or Co-development Partner · 25 February 2025Premier chemical research facility on LyonTech-la Doua campus in Villeurbanne. Adele Hydrogen established its state-of-the-art electrolysis laboratory at this campus for testing and optimization of Pathfinder Electrodes in a collaborative research environment.
  • Hydrogen EuropeminorOthersEuropean hydrogen industry association connecting Europe's top hydrogen innovators. Adele Hydrogen is a proud member of the H2UB community (associated with Hydrogen Europe).
  • H2UBminorOthersEuropean hydrogen innovation ecosystem and community connecting top hydrogen innovators. Adele Hydrogen is a proud member supporting the transition to cost-effective green hydrogen.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Adele Hydrogen competitors and assessment

Company assessment

Direct peers

  • Nel ASA: Nel ASA is one of the world's largest alkaline electrolyzer manufacturers and Adele Hydrogen's Pathfinder Electrodes are designed to integrate directly into Nel-style alkaline stacks. Both compete/operate in the green hydrogen production hardware stack and serve overlapping OEMs and project developers.
  • John Cockerill: John Cockerill is a leading alkaline electrolyzer manufacturer offering multi-MW stacks for industrial-scale green hydrogen. Adele targets precisely this category of OEM with embedded electrodes, making John Cockerill a direct integration counterpart and benchmark.
  • Thyssenkrupp nucera: Thyssenkrupp nucera designs and manufactures large-scale alkaline electrolyzers and is a logical OEM customer for Adele's Pathfinder Electrodes. Operating in the same electrolyzer hardware value chain, it represents a potential design-in target.
  • Sunfire: Sunfire develops alkaline and SOEC electrolyzers and is one of Europe's leading hydrogen technology companies. It overlaps with Adele at the electrolyzer stack level and represents an alternative European technology pathway.
  • ITM Power: ITM Power is a UK-based electrolyzer manufacturer focusing on PEM technology. While the core technology differs from Adele's alkaline focus, both target green hydrogen production infrastructure and compete for the same project developer and OEM relationships.
  • Enapter: Enapter specializes in AEM (Anion Exchange Membrane) electrolyzers, representing an alternative low-cost distributed hydrogen approach. It competes with alkaline technologies like Adele's for the same green hydrogen end-user customers.

Emerging players

  • Pajarito Powder: Pajarito Powder manufactures advanced catalysts and electrode materials for fuel cells and electrolyzers, including PGM and non-PGM formulations. It is a closely comparable catalyst/electrode specialist to Adele Hydrogen, and Senior Electrochemist Huong Doan previously worked there.
  • Advent Technologies: Advent Technologies develops high-temperature PEM fuel cell and electrolyzer components, including advanced membrane electrode assemblies. It overlaps with Adele in electrochemical materials and shares technical staff pedigree (Huong Doan previously at Advent).

Broad incumbents

  • Cummins (Accelera): Cummins through its Accelera brand develops and supplies PEM and alkaline electrolyzers for industrial hydrogen production. As a major diversified industrial incumbent, it competes for the same project developer relationships Adele targets.
  • Plug Power: Plug Power is a US-based broad hydrogen ecosystem player with PEM electrolyzer products and large-scale project deployment capabilities. While not alkaline-focused, it competes in the broader green hydrogen value chain that Adele addresses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Adele Hydrogen social profiles

Digital presence

Adele Hydrogen compliance and trust

Trust signal

Compliance1 record

Adele Hydrogen financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Adele Hydrogen leadership team

Management profile

Number of profiles

Profiles4 records

Adele Hydrogen funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Adele Hydrogen M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Adele Hydrogen

What does Adele Hydrogen do?

Adele Hydrogen develops and manufactures Pathfinder Electrodes — proprietary alkaline electrolysis electrodes built with patented non-Platinum Group Metal (non-PGM) catalysts on a catalyst-coated substrate. The electrodes deliver up to 10,000x active surface area versus standard electrodes, up to 69% LHV efficiency meeting IEA 2030 targets, and integrate directly into existing alkaline electrolyzer stacks without modification. Manufacturing is being scaled at the Alpha Line facility in Lyon (launch H1 2026) targeting hundreds of MW of annual electrode output for OEM and industrial hydrogen customers.

Is Adele Hydrogen a public or private company?

Adele Hydrogen is a private company. It is classified as venture growth investor backed and is currently operating.

When was Adele Hydrogen founded?

Adele Hydrogen was founded in 2023. It employs 1 to 10 people.

Where is Adele Hydrogen based?

Adele Hydrogen is headquartered in Lyon, France, in the Europe region.

How does Adele Hydrogen make money?

Two revenue lines are on record. Pathfinder Electrode Sales are the primary driver. The others are technology Licensing and Consulting.

Who are Adele Hydrogen's main competitors?

Direct peers on record are Nel ASA, John Cockerill, Thyssenkrupp nucera, Sunfire, ITM Power and Enapter. Emerging players are Pajarito Powder and Advent Technologies. Broad incumbents are Cummins (Accelera) and Plug Power.

Does Adele Hydrogen have an API?

No public API is recorded for Adele Hydrogen.

What industry is Adele Hydrogen in?

Adele Hydrogen's product category is Alkaline Electrolyzer Electrodes. Its primary akta.pro industry code is IMAEACAB, Hydrogen (Industrial & Mobility), with a secondary code of IMAGAHAM, Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems). Its NAICS code is 325 and its SIC code is 3620.

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