About Electric Hydrogen
Electric Hydrogen is an Energy & Utilities company based in San Carlos (United States) founded in 2020 by Derek Warnick, Raffi Garabedian, and David Eaglesham. Solutions for hydrogen generation via electrolysis are provided. Electric Hydrogen has raised $602.65 million across 6 funding rounds from investors including Microsoft, Honeywell and HSBC. The company has 291 employees. Electric Hydrogen has completed 1 acquisition, including Ambient Fuels. Electric Hydrogen was last valued at $1 billion in January 2026. Its chief executive, as recorded, is Raffi Garabedian. Its website eh2.com draws about 14 thousand monthly visits. Electric Hydrogen offers products and services including HYPRPlant and Electrolyzer Stacks. Its focus areas include Energy Tech, Energy Storage Tech, Hydrogen and Hydrogen Generation. Its legal entity is Electric Hydrogen Co. Its competitors include Verdagy, Monolith and Modern Hydrogen; 3 of its 3 listed competitors have raised funding.
Company details
Electric Hydrogen was founded in 2020 and is based in San Carlos, United States. Hydrogen generation solutions are delivered through electrolysis-based systems and operational support. Focus is placed on enabling efficient, scalable production of green hydrogen for industrial applications. The companys approach integrates technology and services to address clean energy needs in the hydrogen sector.
- Total Equity Funding$602.65M (USD)
in 6 rounds
- Latest Funding Round$100M (USD), Debt – Conventional
May 2024
- InvestorsMicrosoft
& 30 more
- Employee Count291
- Investments & Acquisitions
Products & Services of Electric Hydrogen
Electric Hydrogen offers a comprehensive portfolio of products and services, including HYPRPlant and Electrolyzer Stacks.
Provides integrated solutions for ultra-low cost clean hydrogen electrolysis
Delivers powerful PEM stacks for efficient water electrolysis processes
Funding Insights of Electric Hydrogen
Electric Hydrogen has successfully raised a total of $602.65M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $100 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $602.65M
- Total Rounds 6
- Last Round Debt – Conventional — $100M
- First Round $24M
(Jun 2021)
- Investors Count 31
All 6 funding rounds of Electric Hydrogen with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $100M | Debt – Conventional | – | – | |
| Oct 2023 | $380.65M | Series C | $1B | Fortescue, Fifth Wall | |
| Jun 2022 | $198M | Series B | – | Fifth Wall | |
| Jun 2022 | Debt – Venture | – | – | ||
| Sep 2021 | Series A | – | Energy Impact Partners | ||
| Jun 2021 | $24M | Series A | – | Breakthrough Energy |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2023 | $1B | •••••••• |
Full valuation and stage history of Electric Hydrogen
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Last known valuation $1B (Jan 2026). 31 investors in total: 31 institutional.
Investors in Electric Hydrogen
Electric Hydrogen has secured backing from 31 investors, including institutional and venture fund investors. Prominent investors backing the company include Microsoft, Honeywell and HSBC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture debt financing is provided to companies in multiple sectors. | 2003 | htgc.com | Palo Alto, United States | |
Investments are made in early-stage tech startups by Fifth Wall. | 2016 | fifthwall.com | New York, United States | |
Venture capital fund focused on growth-stage startups | energyimpactpartners.com | New York, United States | ||
Investments in energy technology companies are made by BP Ventures. | bp.com/en/global/bp-ventures | |||
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
A global initiative focused on net-zero carbon emissions by 2040 through company commitments. | theclimatepledge.com | |||
Climate solutions are advanced via venture capital and startup acceleration. | breakthroughenergy.org | Kirkland, United States | ||
Investments are directed by Capricorn Partners into European tech ventures. | 1993 | capricorn.be | Leuven, Belgium | |
Climate companies are invested in by this venture capital firm. | preludeventures.com | San Francisco, United States |
Investor details for Electric Hydrogen
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People of Electric Hydrogen
38 people are tracked at Electric Hydrogen (21 in leadership, 17 in team); the tracked headcount is 291.
| Name | Role | Group |
|---|---|---|
Derek Warnick | Co-Founder & CFO | Leadership |
Raffi Garabedian | Co-Founder & CEO | Leadership |
David Eaglesham | Co-Founder & CTO | Leadership |
Jeff Glandt | Vp, Electrolyzer Stack Product And Technology Development | Leadership |
Yang Liu | VP Power And Software | Leadership |
Tristan Kretschmer | Vice President EMEA | Leadership |
Tina T. | Senior Finance Business Partner | Leadership |
John Treinen | Finance Business Partner | Leadership |
Jessica Vettel | Development Director | Leadership |
Ewan Norton-Smith | Director, Business Development | Leadership |
Emily Wolf | Director, Development | Leadership |
Julie Sattler | Compensation Business Partner | Leadership |
Chris Shugart | Vice President, Development | Leadership |
Brooke Self | Head Of Global Recruiting | Leadership |
Ann Marie Francoline - Sidman | Director, Learning and Development | Leadership |
Beth Deane | Chief Legal Officer | Leadership |
Jason Mortimer | Senior Vice President Of Global Sales | Leadership |
Renata Naoumov | Chief People Officer | Leadership |
Chris Gansauer, CPA | Director of Finance | Leadership |
Carol Zhang | Director, Global Commercial | Leadership |
18 more people are available in the full profile.
Complete people profiles for Electric Hydrogen
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Investments & Acquisitions by Electric Hydrogen
Electric Hydrogen has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ambient Fuels.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of solutions for green hydrogen generation | ambientfuels.com | New York, United States | 2021 | Sep 2025 | •••• |
Complete acquisition details for Electric Hydrogen
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Timeline of Electric Hydrogen
5 dated milestones of Electric Hydrogen across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Electric Hydrogen is founded.
- Funding First funding round of $24.0M.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Debt – Conventional, of $100.0M.
- Acquisition Acquires Ambient Fuels.
Competitors of Electric Hydrogen
Electric Hydrogen has 3 listed competitors in our database, 3 of them funded. They include Verdagy, Monolith and Modern Hydrogen.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| verdagy.com | 2021 | Moss Landing, United States | $98M | 42 | Electrolyzers for hydrogen production are supplied by Verdagy. | |
| monolith-corp.com | 2012 | Lincoln, United States | $593.3M | 97 | Monolith is engaged in producing carbon black and hydrogen. | |
| modernhydrogen.com | 2015 | Bothell, United States | $62.8M | Provider of hydrogen generation solutions |
Detailed competitors of Electric Hydrogen
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Web traffic of Electric Hydrogen
The website of Electric Hydrogen (eh2.com) receives about 13.6K visits a month.
- Monthly visits13.6K
▲ 7.3% vs previous month
Websites whose visitors overlap most with Electric Hydrogen. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
h2-view.com | h2-view.com | 100% | #610,198 | – | |
| hydrogentechworld.com | 82% | #2,431,319 | View details |
Top companies in Energy Storage Systems
3 companies that operate in the same segment as Electric Hydrogen (Energy Storage Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Related news about Electric Hydrogen
Complete news archive for Electric Hydrogen
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Frequently Asked Questions about Electric Hydrogen
Electric Hydrogen was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Electric Hydrogen is headquartered in San Carlos, United States. It is registered at San Carlos, California, United States.
Raffi Garabedian is the CEO of Electric Hydrogen, as recorded in our data. They have also founded this company.
Electric Hydrogen is a funded company, having raised a total of $602.65M across 6 funding rounds to date. The company's 1st funding round was a Series A of $24M, raised on Jun 2021.
Electric Hydrogen has 291 employees.
Electric Hydrogen was founded in 2020 and is based in San Carlos, United States. Hydrogen generation solutions are delivered through electrolysis-based systems and operational support. Focus is placed on enabling efficient, scalable production of green hydrogen for industrial applications. The companys approach integrates technology and services to address clean energy needs in the hydrogen sector.
Electric Hydrogen's top competitors include Verdagy, Modern Hydrogen and Monolith.
Electric Hydrogen offers HYPRPlant and Electrolyzer Stacks.
Electric Hydrogen has made 1 acquisition, including Ambient Fuels.
Electric Hydrogen has 31 investors. Key investors include Microsoft, Honeywell, HSBC, SVB, and J P Morgan.
The valuation of Electric Hydrogen is $1B as of Jan 2026.
Electric Hydrogen operates through Electric Hydrogen Co.