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Hydrogenics
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Short description

Designer, manufacturer, builder and installer of industrial and commercial hydrogen systems

Founded in 1988
Founded in

Company type Acquired Public (HYG.TO)
Company type

Industry Group energy & power

Sector hydrogen

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Mississauga, ON Mississauga, Canada
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Updated by Cleantech Group on 04/06/2021

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Date Company
06/08/2017

Blue-G Energy Blue-G Energy

$50m deal with Blue-G, part of Yixing Electric Auto, to integrate Hydrogenics' technology in 1,000 zero-emission hydrogen fuel cell motors on Chinese city buses. The company will also provide professional support services.

Confirmed by Blue-G Energy

Partnerships
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Date Partner Type
12/24/2018
Air Liquide Air Liquide
View source    
Confirmed by Air Liquide
Technology Partner
Investment Rounds
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IPO INFORMATION

Date

IPO status

IPO Type

Amount

Initial shares

Ticker symbol

HYG.TO

Exchange listed

Prospectus URL

Prospectus

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Source

Description

Date Investors Type Amount
12/24/2018 Air Liquide Air Liquide (1)
Post-money valuation of
Funding will be used for the purpose of funding current operations, technology developments and future scale-up of partners. Air Liquide's equity placement is 18.6%.
PIPE $20,500,000
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Products
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Product image Name Product status Revenue model Cost metrics

Stationary Fuel Cells

Zero-emission systems for power generation and back-up power.

Wide Commercial Availability Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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