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Electric Hydrogen
Develops electrolyzer technologies to enable abundant, low-cost, and clean hydrogen to replace fossil fuels
About Electric Hydrogen
Electric Hydrogen (EH2) is a startup that manufactures and commissions the world's most powerful electrolyzers for critical industries. The company's primary product is green hydrogen, a no-emissions replacement for fossil fuels. Green hydrogen is produced using electrolyzers, devices that split water with renewable electricity. Historically, the high cost of electrolyzers has been a barrier to the widespread use of green hydrogen. However, EH2 has innovated a fresh approach to the design and scale of electrolyzers, making green hydrogen cost-competitive.
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EH2's business model revolves around engineering, assembling, and selling complete electrolyzer plants from a factory. Their unique approach involves building a "stack" of electrolysis "cells" that produce hydrogen at a significantly lower cost than today's available technology. EH2's 100MW complete plant product is orders of magnitude larger than the units from competitors, and it can be built and commissioned in about three months. This is a significant improvement over today's technology, which is typically less than 5MW and takes twice as long from delivery to commissioning.
EH2's primary market is industries that are heavy emitters of CO2, such as fertilizer, ammonia, steel, chemicals, and fuels. By offering a cost-effective solution for green hydrogen production, EH2 is making it economically feasible for these industries to decarbonize at speed and scale.
In summary, EH2 is a game-changer in the green hydrogen industry, offering a cost-effective and efficient solution for industries to reduce their carbon footprint. The company recently raised $380 million to transform the economics of green hydrogen production and is set to supply electrolyzer technology for one of North America’s largest green hydrogen facilities.
At a glance
- Founded
- 2020
- Headquarters
- Natick, United States
- Sector
- Energy
- Power Law
- Unicorn$1–10B valuation tierThoroughbred$100M+ revenue
Research & analysis
Latest news
Press, funding announcements and product moves mentioning Electric Hydrogen.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
US Department of Energy
Series A13 investors entered at this stage
Capricorn Investment Group
Prelude Ventures
Breakthrough Energy Ventures
Rio Tinto
S2G Investments
Cosan
Equinor Ventures
Energy Impact Partners
Mitsubishi Heavy Industries
Capricorn Partners
Honeywell
Fifth Wall Ventures
Climate Pledge Fund
Series B and later15 investors entered at this stage
Trinity Capital
Silicon Valley Bank
New Legacy Group
United Airlines Venture
Fortescue- MFMicrosoft Climate Innovation Fund
Fatima Group
Temasek
BP Ventures
Oman Investment Authority
Kajima Ventures
HSBC
Hercules Capital
JP Morgan
Stifel
Source: Dealroom Talent Intelligence.
Global footprint
team presence
across markets
Patents
31 active patent families included in this estimate.
A patent family groups patent filings for the same invention. Source: Dealroom · PatSnap.
Market sentiment
An AI-synthesised read of the highest-engagement posts about Electric Hydrogen on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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