Public company, workplace, funding, and market signals
Updated Aug 16, 2026
Electric Hydrogen (EH2) is a privately held clean-energy equipment company developing, manufacturing, delivering, and commissioning large-scale proton-exchange-membrane (PEM) electrolyzer plants. Its systems use renewable electricity and water to produce low-cost green hydrogen for hard-to-abate industrial applications, including e-fuels, ammonia, refining, and chemicals.
Primary product
HYPRPlant, an integrated 75–120 MW electrolyzer plant incorporating Electric Hydrogen’s advanced high-power PEM stacks, power conversion, gas processing, water treatment, and thermal management.
Founded
2020
Headquarters
33 Jackson Road, Devens, Massachusetts 01434, United States
Team size
201–500; company announcements have also described more than 300 employees in the United States and Europe, while the latest Exa company estimate is 209.
Industry
Renewable Energy Equipment Manufacturing
Sub-industry
Green-hydrogen production equipment; PEM electrolyzers; industrial decarbonization
Offices
Business model
Stage
Late-stage venture / growth company
Total raised
$798.3M
Latest round
Debt financing · May 2024
Latest amount
$100M
May 2024 · HSBC
DOE / Treasury / IRS 48C transferable tax credit
Apr 2024 · U.S. Department of Energy, U.S. Department of the Treasury, and IRS
DOE Clean Electrolysis Program grant
Mar 2024 · U.S. Department of Energy
Oct 2023 · Fortescue Future Industries
Jun 2021 · Breakthrough Energy Ventures
Leadership
Co-Founder and Chief Executive Officer
Founder and Chief Technology Officer
Co-Founder and Chief Financial Officer
Senior Vice President, Global Sales
Senior Vice President, Product Engineering and Deployment
Vice President, Power and Software
Head of Ammonia
Director of Software Engineering
Director of Process Engineering
Public company materials emphasize an urgent mission to decarbonize heavy industry, practical industrial execution, U.S. manufacturing, and a highly technical, cross-functional engineering culture. Public employee-review data surfaced by Exa indicates a 3.2/5 overall employer rating, with compensation rated 4.0/5 and culture 3.4/5; this is third-party, self-reported sentiment rather than company policy.
Compensation
Public salary bands were not identified in the researched sources. Third-party employee-review data indicates compensation sentiment of approximately 4.0/5, but no reliable role-specific compensation ranges were found.
Pricing
Custom, project-based enterprise pricing; no public list pricing was found.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$100M–$150M annually; Exa estimates approximately $117M
Estimated monthly visits
13.1K
Traffic estimate as of Jun 2026
Electric Hydrogen completed its acquisition of hydrogen project developer Ambient Fuels. The transaction expands EH2 into project development and is paired with a Generate Capital relationship offering up to $400 million in project-finance solutions. The move increases strategic scope and execution complexity but may improve customer financing and demand generation.
SourceIndustry coverage described the clean-hydrogen market as being in a downturn or 'trough of disillusionment,' with slower U.S. demand, project-finance uncertainty, high costs, and policy uncertainty. EH2 responded by emphasizing firm purchase orders, European demand, and manufacturing scale.
SourceAnalysis of the Ambient Fuels transaction noted that the broader hydrogen sector was experiencing consolidation, limited near-term demand, and failures among some competitors. These are sector-level risks relevant to EH2's market, not evidence of an EH2 shutdown.
SourceElectric Hydrogen · Sep 2025
HIF Global selected EH2 to supply electrolyzer systems for its Texas e-fuels facility, expected to be one of the largest deployments of American-made electrolyzers.
Electric Hydrogen · Sep 2025
EH2 announced the acquisition of Ambient Fuels, which closed in May 2025, and a strategic relationship with Generate Capital offering up to $400 million in project-finance solutions for hydrogen projects.
Electric Hydrogen · Jul 2025
DNV completed technical due diligence of HYPRPlant, reviewing stack technology, plant design, reliability, manufacturing, quality, warranties, and commercial assurances.
Electric Hydrogen · May 2025
Infinium selected EH2’s 100 MW HYPRPlant for Project Roadrunner in Texas, a facility expected to produce sustainable aviation fuel, e-diesel, and e-naphtha.
Latitude Media · Mar 2025
Industry reporting examined EH2’s manufacturing expansion, its Devens gigafactory, Texas modular manufacturing, debt financing, DOE support, slower U.S. hydrogen demand, and the company’s shift toward firm purchase orders.
18 jobs at Electric Hydrogen