About Hydrogenics
Hydrogenics is an Energy & Utilities company based in Mississauga (Canada) founded in 1996, and was acquired by Cummins in June 2019. It operates as a PEM fuel cells and hydrogen storage systems are manufactured. The company has 145 employees. Its focus areas include Energy Tech, Energy Storage Tech, Fuel Cell and Proton Exchange Membrane (PEM). Its competitors include Plug Power, Intelligent Energy, EH Group Engineering, Ballard and Home Power Solutions and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
Hydrogenics was founded in 1996 in Mississauga, Canada, within the hydrogen energy sector. Integrated PEM fuel cell systems, hydrogen generators, and energy storage solutions are developed and manufactured. Power-to-Gas conversion technologies are also produced, utilizing electrolysis to integrate renewable energy sources and store surplus electricity as hydrogen. Operations focus on renewable energy integration and hydrogen-based storage across North America.
- Headquarters Mississauga, Canada
- Employees 145
- Stage Acquired
- SectorsEnergy & Utilities
- Website hydrogenics.com
- Social LinkedIn X
- Acquired by Cummins (Jun 2019)
Funding Insights of Hydrogenics
- Total Rounds 7
- Last Round Grant — $1.95M
- First Round $1.93M
(Dec 2014)
- Investors Count 3
All 7 funding rounds of Hydrogenics 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 |
|---|---|---|---|---|---|
| Apr 2020 | $1.95M | Grant | – | – | |
| Dec 2018 | $20.5M | Post-IPO | – | – | |
| Aug 2018 | $58,318 | Grant | – | – | |
| Jan 2018 | $1.46M | Grant | – | – | |
| Apr 2017 | $19.85M | Post-IPO | – | – | |
| May 2015 | – | Debt – Conventional | – | – | – |
| Dec 2014 | $1.93M | Grant | – | – |
4 investors in total: 4 institutional.
Investors in Hydrogenics
Hydrogenics has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Cummins, Air Liquide and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Gases and chemical products are supplied to diverse industrial sectors. | 1902 | airliquide.com | Paris, France | |
Industrial and commercial refrigeration systems are designed and manufactured. | 2000 | snowkey.com | Fuzhou, China | |
Manufacturer of gas-powered construction equipment | 1919 | cummins.com | United States |
Investor details for Hydrogenics
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Hydrogenics
32 people are tracked at Hydrogenics (3 in leadership, 29 in team); the tracked headcount is 145.
| Name | Role | Group |
|---|---|---|
Marc Beisheim | Chief Financial Officer | Leadership |
Filip Smeets | General Manager On-Site Generation | Leadership |
Marcoen Stoop | Sales Director Asia | Leadership |
Jeroen Corstjens | Senior Process Engineer | Team |
Rachid Ahbabou | Field Services Engineer | Team |
Rodam Acepcion | Senior Electrical Technician | Team |
Nader Zaag | Senior Engineering Manager | Team |
Abdellaoui Youssef | Senior Field Service Engineer | Team |
Edwin Sweete | Materials Coordinator | Team |
Vikas Karra | Quality Control Technician | Team |
Christobal de Jamblinne | Purchasing Manager | Team |
Till Müller | Engineering Lead | Team |
Ben Janssens | Plant Controller | Team |
Jan Peeters | Inhouse Test Engineer | Team |
Uwe Musebrink | Diagnostic Engineer | Team |
Ismail Ozhan | International Field Sales Account Executive - Senior | Team |
Aleksei Gladyshev | Sales Manager/branch Office Manager | Team |
Steffen Reimann | Purchasing Analyst | Team |
Barbara Crousel | Senior Supply Chain Manager | Team |
Sandra Poelmans | Qa/qc Engineer / Document Controller | Team |
12 more people are available in the full profile.
Complete people profiles for Hydrogenics
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Hydrogenics
5 dated milestones of Hydrogenics across 24 years, from founding to its latest funding, stage changes and deals.
- Founded Hydrogenics is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $1.9M.
- Exit Acquired by Cummins.
- Funding Latest funding round, Grant, of $1.9M.
Competitors of Hydrogenics
Hydrogenics has 8 listed competitors in our database, 6 of them funded. They include Plug Power, Intelligent Energy, EH Group Engineering, Ballard and Home Power Solutions, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| plugpower.com | 1997 | United States | – | 2,449 | Hydrogen-based fuel cells are manufactured for power applications. | |
| intelligent-energy.com | 2001 | Loughborough, United Kingdom | $212.64M | 175 | PEM fuel cell and CHP power systems developer | |
| ehgroup.ch | 2017 | Renens, Switzerland | $5.44M | – | Low-temperature solid oxide fuel cells are produced for CHP systems. | |
| ballard.com | 1979 | United States | – | – | Manufacturer of hydrogen fuel cells | |
| homepowersolutions.de | 2014 | Berlin, Germany | $41.23M | 111 | Integrated energy storage system for power and heating applications | |
| brambleenergy.com | 2015 | Crawley, United Kingdom | $57.24M | 25 | Hydrogen-based fuel cells are developed using printed circuit board technology. | |
| powercell.se | 2008 | Gothenburg, Sweden | $35.52M | 134 | Fuel cells and hydrogen systems are developed for transport sectors. | |
| myfc.se | 2005 | Stockholm, Sweden | $6.7M | – | Micro fuel cells and portable chargers are developed by myFC. |
Detailed competitors of Hydrogenics
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Hydrogenics
Websites that share an audience with Hydrogenics (hydrogenics.com).
Websites whose visitors overlap most with Hydrogenics. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| chfca.ca | 100% | – | – | View details | |
| plugpower.com | 99% | 137K | #304,918 | View details | |
fuelcells.org | fuelcells.org | 96% | – | #81,740 | – |
fuelcellmarkets.com | fuelcellmarkets.com | 94% | – | – | – |
fuelcelltoday.com | fuelcelltoday.com | 83% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Hydrogenics
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 10 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Energy Storage Systems
10 companies that operate in the same segment as Hydrogenics (Energy Storage Systems), 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 | |
EV charging station network is operated for vehicle users. | 2017 | Munchen, Bayern, Germany | USD 791 M | – | – | |
Platform offering smart electric vehicle charging solutions | 2018 | London, England, United Kingdom | USD 63.18 M | – | – | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | – | 902 | |
Provider of electric vehicle charging solutions | 2009 | London, England, United Kingdom | USD 58.39 M | – | – | |
Monta is recognized as a provider of EV charging software solutions. | 2020 | Copenhagen, Denmark | USD 134.51 M | – | – | |
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Portable electric vehicle charging solutions are developed and provided. | 2014 | Boston, Massachusetts, United States | USD 104.86 M | – | 50 | |
Provider of solar integrated power storage system | 2010 | Wildpoldsried, Bavaria, Germany | USD 168.42 M | USD 132.91 M | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Hydrogenics
Complete news archive for Hydrogenics
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Hydrogenics
Hydrogenics was founded in 1996 and raised its 1st funding round 18 years after it was founded.
Hydrogenics is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Hydrogenics has 145 employees.
Hydrogenics was founded in 1996 in Mississauga, Canada, within the hydrogen energy sector. Integrated PEM fuel cell systems, hydrogen generators, and energy storage solutions are developed and manufactured. Power-to-Gas conversion technologies are also produced, utilizing electrolysis to integrate renewable energy sources and store surplus electricity as hydrogen. Operations focus on renewable energy integration and hydrogen-based storage across North America.
Hydrogenics's top competitors include Plug Power, Intelligent Energy and EH Group Engineering.
Hydrogenics has 4 investors. Key investors include Cummins, Air Liquide, European Union, and Snowkey.
Yes. Hydrogenics was acquired by Cummins in June 2019.