Electric Hydrogen Inc.
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| Private company | |
| ISIN | 🆔 |
| Industry | Alternative energy |
| Founded 📆 | 2020 |
| Founder 👔 | |
| Headquarters 🏙️ | , , U.S. |
Area served 🗺️ | |
Key people | Raffi Garabedian, Co-Founder and CEO David Eaglesham, Founder and CTO Derek Warnick, Co-Founder and CFO |
| Products 📟 | Water electrolyzer systems |
| Members | |
Number of employees | 250 (2023) |
| 🌐 Website | eh2 |
| 📇 Address | |
| 📞 telephone | |
Electric Hydrogen Inc. is an American company engaged in the development of proton exchange membrane (PEM) electrolysis systems that produce green hydrogen through the electrolysis of water. Green hydrogen has applications in fuel cells, synthesis gas, and ammonia production, among others, and aims to displace hydrogen production through steam methane reforming. PEM water electrolysis can often achieve much higher current densities than competing technologies such as alkaline water electrolysis and anion exchange membrane electrolysis (AEM). The company is headquartered in Natick, Massachusetts, and has facilities in San Jose, California, San Carlos, California, and a manufacturing facility in Devens, Massachusetts.
Electric Hydrogen's primary product is a 100MW standardized full-plant design including all components to lower cost and improve reliability. Owing to their high current density, Electric Hydrogen's PEM electrolyzer stacks can produce more hydrogen from fewer cells than competing PEM stacks. PEM electrolysis supports a dynamic operating range, enabling direct-connect renewable energy power generation and improved energy conversion efficiency.
History[edit]
Electric Hydrogen was founded in 2020 by CTO David Eaglesham after working with Breakthrough Energy Ventures and realizing that no incumbent electrolyzer manufacturer could meet the cost and scale requirements to address industrial decarbonization with fossil-parity green hydrogen. David teamed with Raffi Garabedian, former CTO at First Solar, and Derek Warnick, former Company Builder at Breakthrough Energy, to form the core team. By 2023 the company had grown to over 250 employees spread across four different locations.
In June 2021 Electric Hydrogen announced a $24M Series A financing led by Breakthrough Energy Ventures and joined by Prelude Ventures and Capricorn's Technology Impact Fund.[1]. In June 2022 Electric Hydrogen secured $198M Series B financing [2]. In October 2023 Electric Hydrogen raised $380M in Series C financing, claiming the title of the first $1B green hydrogen company [3]
References[edit]
- ↑ "Electric Hydrogen Closes $24M Series a to Enable Deep Decarbonization" (Press release).
- ↑ "Electric Hydrogen Secures $198M in Financing to Decarbonize Global Industries with Fossil-Free Hydrogen" (Press release). 22 June 2022.
- ↑ "Electric Hydrogen Raises $380 Million to Transform the Economics of Green Hydrogen Production". 3 October 2023.
External links[edit]
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