Fortescue said it would not proceed with the Arizona Hydrogen Project and would assess options to repurpose the land and assets tied to the abandoned green hydrogen project.
SourceFirst commodity marketplace for hydrogen.
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Phoenix Hydrogen is a private hydrogen-infrastructure startup building a hydrogen marketplace plus hub-formation and geological storage capabilities, aimed at connecting hydrogen supply and demand so renewable energy can displace fossil fuels. Public sources disagree on funding totals and headquarters details, but the company is active and small, remote-first, and centered on grid-scale hydrogen storage and commercialization.
Primary product
Hydrogen marketplace / hub-formation platform with geological (salt cavern) storage
Founded
2021
Headquarters
Mesa, Arizona, United States
Team size
1-10
Work style
Remote
Industry
Services for Renewable Energy
Sub-industry
7 jobs at Phoenix Hydrogen
Hydrogen infrastructure and storage
Offices
Business model
Stage
seed / pre-seed
Total raised
$2.5M
Latest round
Pre-seed
Latest amount
$2M
Mar 2022 · Y Combinator
Remote-first and intentionally inclusive, with an emphasis on fast-moving execution, cross-functional collaboration, and a startup environment where people wear many hats.
Work style
Remote
Compensation
The only public compensation signal found is that the company advertises competitive compensation and market-based offers in job postings; specific salary bands were not public.
Benefits
Pricing
Not publicly disclosed; likely enterprise/project-based contracts and leasing tied to hydrogen infrastructure and marketplace services.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$100K-$250K
Estimated monthly visits
318
Traffic estimate as of Jul 2026
Fortescue said it would not proceed with the Arizona Hydrogen Project and would assess options to repurpose the land and assets tied to the abandoned green hydrogen project.
SourceData Center Dynamics · Jul 2026
The article reported Buckeye zoning discussions around the former Phoenix Hydrogen Hub site, which Fortescue may repurpose for a data center.
Reuters · Jul 2025
Reuters reported Fortescue would not proceed with the Arizona Hydrogen Project and would assess repurposing options for the land and assets.
PR Newswire · Feb 2024
Nel said it would support Fortescue's 80MW Phoenix Hydrogen Hub and that the project involved equipment previously delivered to Nikola.
Reuters · Nov 2023
Reuters reported Fortescue approved about $750M over three years for green projects, including about $550M for the Phoenix, Arizona hydrogen hub.
Fortescue · Jul 2023
Fortescue said it paid US$24M to acquire 100% of Phoenix Hydrogen Hub LLC and planned an 80MW electrolyzer and liquefaction facility near Buckeye, Arizona.