Electric Hydrogen

Electric Hydrogen, founded in 2020 and based in Natick, Massachusetts, has raised a total of $603 million in funding, reaching a $1 billion valuation in October 2023. The company secured $24 million (Series A, 2021), $198 million (Series B, 2022), and $380 million (Series C, 2023), followed by $196.3 million in debt and grants (2024) from investors including HSBC, Fifth Wall, and the U.S. Department of Energy. Electric Hydrogen develops advanced PEM electrolyzer systems to produce clean hydrogen, helping decarbonize industries like steel, chemicals, and ammonia production.