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Manufacturer of electrolyzers for hydrogen production

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Company type Acquired Public ()
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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
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Headquarters Wallingford, CT Wallingford, United States
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Updated by Cleantech Group on 04/06/2021

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IPO INFORMATION

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Description

Date Investors Type Amount
10/17/2017 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
Funding for this DoE project will be spread out over its three-year active period. The project is to accelerate the cost reduction efforts in generating low-cost hydrogen production via water splitting, e.g. via proton exchange membrane (PEM) electrolysis.
Grant $1,800,000
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