About Electric Hydrogen
Electric Hydrogen is a company based in San Carlos (United States) founded in 2020 by Derek Warnick, Raffi Garabedian, and David Eaglesham. Electric Hydrogen has raised $602.65 million across 6 funding rounds from investors including Microsoft, Honeywell and HSBC. The company has 146 employees as of December 31, 2022. Electric Hydrogen has completed 1 acquisition, including Ambient Fuels. Electric Hydrogen offers products and services including HYPRPlant and Electrolyzer Stacks. Electric Hydrogen operates in a competitive market with competitors including Orsted, Nel Hydrogen, Sunfire, Verdagy and Lhyfe, among others.
- Headquarter San Carlos, United States
- Employees 146 as on 31 Dec, 2022
- Founders Derek Warnick, Raffi Garabedian, David Eaglesham
- Stage Unicorn
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Sectors
Energy & Utilities
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Phone
Locked
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Website
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Social
Locked
- Legal Name Electric Hydrogen Co
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$602.65 M (USD)
in 6 rounds
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Latest Funding Round
$100 M (USD), Debt – Conventional
May 09, 2024
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Investors
Microsoft
& 26 more
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Employee Count
146
as on Dec 31, 2022
- Investments & Acquisitions
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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
People of Electric Hydrogen
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Software Development Team
7 people
Finance and Accounting
7 people
Product Management Team
5 people
Sales and Marketing
4 people
Human Resources and Administration
4 people
Leadership Team
3 people
Legal and Compliance
2 people
Operations Team
2 people
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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.
Investors in Electric Hydrogen
Electric Hydrogen has secured backing from 27 investors, including institutional and venture fund investors. Prominent investors backing the company include Microsoft, Honeywell and HSBC.
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Venture debt financing is provided to companies in multiple sectors.
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Investments are made in early-stage tech startups by Fifth Wall.
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Venture capital fund focused on growth-stage startups
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Investor details 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.
Investment portfolio details for Electric Hydrogen
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of solutions for green hydrogen generation
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Complete acquisition details for Electric Hydrogen
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Financial Statements - Electric Hydrogen
Detailed financials for Electric Hydrogen
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Electric Hydrogen Comparisons
Peer comparison for Electric Hydrogen
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Competitors of Electric Hydrogen
Electric Hydrogen operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Orsted, Nel Hydrogen, Sunfire, Verdagy and Lhyfe, among others.
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Power generation via bioenergy, thermal, and wind sources is offered.
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Provider of hydrogen production and storage solutions
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Pressurized alkaline and solid oxide electrolysis products are manufactured.
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Electrolyzers for hydrogen production are supplied by Verdagy.
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Producer and supplier of green hydrogen
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Detailed competitors of Electric Hydrogen
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Latest news on 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 current CEO of Electric Hydrogen. 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.
As of Dec 31, 2022, the latest employee count at Electric Hydrogen is 146.
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 Lhyfe, Nel Hydrogen and Orsted.
Electric Hydrogen offers HYPRPlant and Electrolyzer Stacks.
Electric Hydrogen has made 1 acquisition, including Ambient Fuels.
Electric Hydrogen has 27 investors. Key investors include Microsoft, Honeywell, HSBC, SVB, and J P Morgan.
The valuation of Electric Hydrogen is $1B as of Oct 2023.