About Modern Hydrogen
Modern Hydrogen is a company based in Bothell (United States) founded in 2015 by Max Mankin and Tony Pan. Modern Hydrogen has raised $62.8 million across 4 funding rounds from investors including NextEra Energy, Wieland and Gates Family Foundation. Modern Hydrogen operates in a competitive market with competitors including Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, among others.
- Headquarter Bothell, United States
- Founders Max Mankin, Tony Pan
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Sectors
Energy & Utilities
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Phone
Locked
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Website
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Social
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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
$62.8 M (USD)
in 4 rounds
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Latest Funding Round
$25 M (USD), Debt – Conventional
Nov 27, 2024
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Investors
NextEra Energy
& 12 more
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Employee Count
Not available
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People of Modern Hydrogen
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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.
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.
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Venture capital funding is offered by Valo Ventures.
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Metaplanet is recognized as an evergreen investment firm focused on deep tech.
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High-tech startups are invested in by Starlight Ventures.
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Investor details for Modern Hydrogen
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Investments & Acquisitions by Modern Hydrogen
Investment portfolio details for Modern Hydrogen
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Financial Statements - Modern Hydrogen
Detailed financials for Modern Hydrogen
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Modern Hydrogen Comparisons
Peer comparison for Modern Hydrogen
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Competitors of Modern Hydrogen
Modern 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 Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, among others.
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Provider of hydrogen production and storage solutions
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Power generation via bioenergy, thermal, and wind sources is offered.
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Producer and supplier of green hydrogen
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Pressurized alkaline and solid oxide electrolysis products are manufactured.
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Aerial inspection services are delivered using automated drones.
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Solutions for hydrogen generation via electrolysis are provided.
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Detailed competitors of Modern Hydrogen
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Latest news on Modern Hydrogen
Complete news archive for 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 current CEO of Modern Hydrogen. 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 Lhyfe, Nel Hydrogen and Orsted.
Modern Hydrogen has 13 investors. Key investors include NextEra Energy, Wieland, Gates Family Foundation, Valo Ventures, and Metaplanet.