Electric Hydrogen

Electric Hydrogen, founded in December 2020, manufactures and commissions the world’s most powerful electrolyzers, designed to produce the lowest cost green hydrogen for critical industries. The company offers a 100MW complete solution, which is significantly larger than competitors’ units and can be built and commissioned in about three months. Electric Hydrogen’s 100MW electrolyzer plant produces nearly 50 tons of green hydrogen each day at an ultra-low cost, helping industries such as fertilizer, ammonia, steel, chemicals, and fuels to decarbonize efficiently. The company has more than 5 gigawatts (GW) of its electrolysis systems reserved by customers and has announced its first 100MW commercial project with New Fortress in September 2023. Electric Hydrogen’s advanced PEM technology and complete 100MW plant, which includes all necessary system components, make green hydrogen an economic inevitability for critical industries. The company has received $380M in Series C financing, making it the first $1B green hydrogen start-up, and secured a $100M credit facility from HSBC, J.P. Morgan, Stifel Bank, and Hercules Capital. Additionally, Electric Hydrogen has opened an Electrolyzer Gigafactory in Devens, Massachusetts, with an annual production capacity of 1.2GW, and received $18.3M in transferable DOE tax credits, bringing total Department of Energy support to $65M. The company has also announced a 1GW framework supply agreement with The AES Corporation and received a $46.3M grant under the Bipartisan Infrastructure Law’s Clean Electrolysis Program. Electric Hydrogen’s gigafactory employs innovative manufacturing technology and practices from high-volume industries like solar and automotive. The company also operates a 1MW plant in San Carlos, CA, and a 10MW plant in San Jose, CA.