Electric Hydrogen manufactures and commissions 100MW electrolyzer plants that produce green hydrogen at a cost of $1/kg, making it economically viable for industries to transition from fossil fuels. By significantly reducing the production costs and installation timelines of electrolyzers, the company enables critical sectors like steel and chemicals to decarbonize efficiently.
Funding
$603.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
HFounders
Product
Problem
Many industries, such as steel and chemical production, rely on fossil fuels, contributing significantly to greenhouse gas emissions. Green hydrogen, produced through water electrolysis using renewable energy, offers a clean alternative, but the high cost and slow deployment of traditional electrolyzers hinder its widespread adoption.
Solution
Electric Hydrogen manufactures and commissions 100MW electrolyzer plants designed to produce green hydrogen at a cost of $1/kg, achieving price parity with fossil-fuel-derived hydrogen. Their complete plant product, orders of magnitude larger than competitors' units, significantly reduces both production costs and installation timelines. This approach enables industries to decarbonize more efficiently and at scale, addressing the climate challenge by making green hydrogen economically viable for critical sectors. The company engineers, assembles, and sells these complete electrolyzer plants from a factory, streamlining the deployment process.
Target Audience
The primary customers are industries such as fertilizer, ammonia, steel, chemicals, and fuels seeking to decarbonize their operations by switching to green hydrogen.
Features
- 100MW complete electrolyzer plant solution for lowest-cost hydrogen production
- Rapid deployment: built and commissioned in approximately three months
- Modular "stack" design of electrolysis "cells" for transformational cost reduction
- Achieves $1/kg production costs, competitive with fossil-fuel hydrogen
- Reduces total project installed costs and LCOH by 30%