Phoenix Hydrogen

First commodity marketplace for hydrogen.

phoenixhydrogen.com

HQ: Berkeley, CA, USA; Remote

1-10

Industrials

Company research

Public company, workplace, funding, and market signals

Updated Jul 29, 2026

Overview

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

Hydrogen infrastructure and storage

Offices

Mesa, Arizona, United States

Berkeley, California, United States

Business model

developer-owner-operator

integrator

lessor

marketplace/platform

Funding

Stage

seed / pre-seed

Total raised

$2.5M

Latest round

Pre-seed

Latest amount

$2M

YC Winter 2022 accelerator

Mar 2022 · Y Combinator

$500K

Pre-seed

$2M

People & investors

Leadership

Shawn Drost

Co-founder and CEO

Terence Vomocil

Co-founder

Investors

Leap Forward Ventures

Work & culture

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

competitive compensation

comprehensive health coverage (medical, dental, vision)

generous stock options

unlimited time off

401(k) contribution opportunity

100% paid parental leave

remote-first work style

Product & market

Pricing

Not publicly disclosed; likely enterprise/project-based contracts and leasing tied to hydrogen infrastructure and marketplace services.

Differentiators

—developer-owner-operator model
—salt cavern storage expertise
—integrated marketplace plus storage offering
—focus on colocated third-party hydrogen projects
—positioning around regional hydrogen hubs and PtX value chain

Technology

salt cavern storage

hydrogen marketplace software

hub-formation platform

geological storage

digital trading platform

application portal (phnx.co / app.phoenixhydrogen.com)

Customers

energy utilities

hydrogen project developers

regional hydrogen hub stakeholders

renewable energy infrastructure partners

Competitors

Hyxchange

Hydroplace

Scale & contact

Estimated revenue

$100K-$250K

Estimated monthly visits

318

Traffic estimate as of Jul 2026

concierge@phoenixhydrogen.com

Signals & risks

Shutdown

Jul 2025

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.

Source

Latest news

Australia’s Fortescue could get zoning permission for potential data center near Phoenix, Arizona

Data 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.

Fortescue iron ore shipments rise; scraps US, Aussie green hydrogen projects

Reuters · Jul 2025

Reuters reported Fortescue would not proceed with the Arizona Hydrogen Project and would assess repurposing options for the land and assets.

Nel realigns relationship with Nikola and will support Fortescue on its 80 MW Phoenix Hydrogen Hub

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.

Australia's Fortescue approves $750 million investment for three green projects

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 Future Industries makes major investment in American green energy jobs with purchase of Phoenix 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.

Jobs and careers at Phoenix Hydrogen

17 jobs at Phoenix Hydrogen

Bilingual Customer Experience Coordinator (EN/FR)

On-site

Operations

Toronto, Ontario; Toronto, Ontario, Canada

1d ago

On-site

Full-time