Electric Hydrogen

Electric Hydrogen

Manufactures large-scale electrolyzers for green hydrogen

About

Electric Hydrogen manufactures powerful electrolyzers that produce green hydrogen, a clean alternative to fossil fuels. Their electrolyzers work by using renewable electricity to split water into hydrogen and oxygen, making the process environmentally friendly. Unlike competitors, Electric Hydrogen focuses on large-scale electrolyzer plants, with their 100MW units being significantly larger and more efficient than the typical 5MW units offered by others. This allows for faster construction and commissioning, taking only about three months. The company's goal is to help heavy-emission industries, such as fertilizer and steel production, transition to green hydrogen, enabling them to reduce their carbon emissions effectively and affordably.

Company Stage

Debt Financing

Employees

201-500

Industries

Industrial & Manufacturing, Energy

Total Funding

$534.3M

Headquarters

Natick, Massachusetts

Founded

2020


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Simplify's Take

What believers are saying

  • Growing interest in hydrogen storage solutions enhances EH2's value proposition.
  • EU's commitment to hydrogen boosts demand for EH2's technology in Europe.
  • Advancements in catalyst materials could further reduce EH2's production costs.

What critics are saying

  • Competition from established energy companies could pressure EH2's market share.
  • Delays in large-scale projects like Green Wilhelmshaven could impact EH2's reputation.
  • Fluctuations in renewable electricity costs could affect EH2's cost competitiveness.

What makes Electric Hydrogen unique

  • Electric Hydrogen's 100MW electrolyzer plants are significantly larger than competitors' offerings.
  • The leadership team has experience from Tesla and First Solar, enhancing credibility.
  • EH2's unique 'stack' design reduces hydrogen production costs significantly.

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Growth & Insights
Headcount

6 month growth

5%

1 year growth

31%

2 year growth

162%

Benefits

Health, dental, vision, & disability insurance

401k match

Unlimited time off

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