About Modern Hydrogen
Modern Hydrogen is an Energy & Utilities company based in Bothell (United States) founded in 2015 by Max Mankin and Tony Pan. Provider of hydrogen generation solutions. Modern Hydrogen has raised $62.8 million across 4 funding rounds from investors including NextEra Energy, Wieland and Gates Family Foundation. Its chief executive, as recorded, is Tony Pan. Its focus areas include Energy Tech, Energy Storage Tech, Hydrogen and Hydrogen Generation. Its competitors include Electric Hydrogen and Verdagy; 2 of its 2 listed competitors have raised funding.
Company details
Modern Hydrogen was founded in 2015 in Bothell, United States, and operates in the clean energy sector. Technology is developed to decarbonize natural gas locally, producing clean hydrogen and capturing emissions. Solutions are provided for power generation, process heating, and space heating in buildings or homes, supporting the transition to lower-carbon systems.
- Headquarters Bothell, United States
- Founders Max Mankin, Tony Pan
- SectorsEnergy & Utilities
- Website modernhydrogen.com
- Social LinkedIn X Facebook
- Total Equity Funding$62.8M (USD)
in 4 rounds
- Latest Funding Round$25M (USD), Debt – Conventional
Nov 2024
- InvestorsNextEra Energy
& 12 more
Funding Insights of Modern Hydrogen
Modern Hydrogen has successfully raised a total of $62.8M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $25 million completed in November 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 $62.8M
- Total Rounds 4
- Last Round Debt – Conventional — $25M
- Investors Count 13
All 4 funding rounds of Modern 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 |
|---|---|---|---|---|---|
| Nov 2024 | $25M | Debt – Conventional | – | – | – |
| Mar 2023 | $32.8M | Series B | – | NextEra Energy | |
| Dec 2021 | $30M | Series B | – | At One Ventures | |
| Jun 2020 | Series A | – | Metaplanet | – |
13 investors in total: 12 institutional and 1 angel.
Investors in Modern Hydrogen
Modern Hydrogen has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include NextEra Energy, Wieland and Gates Family Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is offered by Valo Ventures. | valoventures.org | San Francisco, United States | ||
Metaplanet is recognized as an evergreen investment firm focused on deep tech. | metaplanet.com | Tallinn, Estonia | ||
High-tech startups are invested in by Starlight Ventures. | starlight.vc | Miami, United States | ||
| irongrey.com | ||||
Venture capital investments are directed toward technology companies. | ngpartners.com | Los Gatos, United States | ||
| atoneventures.com | ||||
Extantia is focused on investing in climate technology pioneers. | extantia.com | |||
Developer of energy solutions | 1925 | nexteraenergy.com | Juno Beach, United States | |
Miura Partners is engaged in private equity investments for mid-market companies. | 2008 | miura.partners | Barcelona, Spain | |
Online provider Working with partners and communities to build a more equitable, resilient, and sustainable Colorado for all | 1946 | gatesfamilyfoundation.org | Denver, United States |
Investor details for Modern Hydrogen
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Modern Hydrogen
26 people are tracked at Modern Hydrogen (5 in leadership, 7 in board & advisors, 14 in team).
| Name | Role | Group |
|---|---|---|
Max Mankin | ex-Co-Founder & CTO | Leadership |
Tony Pan | Co-Founder & CEO | Leadership |
Patrick Noble | Director Of New Product Development | Leadership |
Luisa Chew | Chief Of Staff To The CEO | Leadership |
Mika Mostert | Director Of Supply Chain | Leadership |
Yakov Kutsovsky | Board Member | Board & advisors |
Alex Molinaroli | Board Member | Board & advisors |
Matt Bedingfield | Board Member | Board & advisors |
Susan Seilheimer Brennan | Board Member | Board & advisors |
Carsten Voigtländer | Board Member | Board & advisors |
Tom Chi | Board Member | Board & advisors |
Tyler Hardin | Board Member | Board & advisors |
Alexander Pearse | Principal Scientist + Technology Strategist | Team |
Casey S. | Mechanical Engineer | Team |
Prashant P. | Mechanical Engineering Technician | Team |
Nik Sears | Fabricator | Team |
W. H. Harrison Nealley | Senior Test Engineer | Team |
Raghul Manosh Kumar | Senior Combustion Engineer | Team |
Brian Jansen | Technology And Commercial | Team |
Peter Scherpelz | Principal Scientist | Team |
6 more people are available in the full profile.
Complete people profiles for Modern Hydrogen
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Modern Hydrogen
3 dated milestones of Modern Hydrogen across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Modern Hydrogen is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $25.0M.
Competitors of Modern Hydrogen
Modern Hydrogen has 2 listed competitors in our database, 2 of them funded. They include Electric Hydrogen and Verdagy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| eh2.com | 2020 | San Carlos, United States | $602.65M | 146 | Solutions for hydrogen generation via electrolysis are provided. | |
| verdagy.com | 2021 | Moss Landing, United States | $98M | 42 | Electrolyzers for hydrogen production are supplied by Verdagy. |
Detailed competitors of Modern Hydrogen
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Modern Hydrogen
The website of Modern Hydrogen (modernhydrogen.com) receives about 3.3K visits a month.
- Monthly visits3.3K
▼ 17% vs previous month
Top companies in Energy Storage Systems
3 companies that operate in the same segment as Modern 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 Modern Hydrogen
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Frequently Asked Questions about Modern Hydrogen
Modern Hydrogen was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Modern Hydrogen is headquartered in Bothell, United States. It is registered at Bothell, Washington, United States.
Tony Pan is the CEO of Modern Hydrogen, as recorded in our data. They have also founded this company.
Modern Hydrogen is a funded company, having raised a total of $62.8M across 4 funding rounds to date.
Modern Hydrogen was founded in 2015 in Bothell, United States, and operates in the clean energy sector. Technology is developed to decarbonize natural gas locally, producing clean hydrogen and capturing emissions. Solutions are provided for power generation, process heating, and space heating in buildings or homes, supporting the transition to lower-carbon systems.
Modern Hydrogen's top competitors include Verdagy and Electric Hydrogen.
Modern Hydrogen has 13 investors. Key investors include NextEra Energy, Wieland, Gates Family Foundation, Valo Ventures, and Metaplanet.