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Natick, MA, USA · Private · eh2.com
Large-format PEM electrolyzer plants
Pre-commercial at scale, so ranked by funding if kept
Capital raised
Not yet sourced
Open roles
16
counted 2026-11-09
Federal awards
$41M
1 grants, contracts, loans
Last private raise
$381M
Form D · 2023-04-06
SEC filings
4
latest 2023-10-23
Coming up
POLICY45V: clean hydrogen
Facilities must begin construction before Jan 1, 2028. Affects Hydrogen.
+ THESISPOLICY45Q: carbon capture
Facilities must begin construction before 2033; inflation indexing starts in 2027. Affects Hydrogen.
+ THESISPOLICY45Y / 48E: all other clean power and storage
Full credit for projects beginning construction through 2033; 75% for 2034 starts, 50% for 2035, none from 2036. Affects Hydrogen.
+ THESISHIRING16 open roles
Biggest teams: Power Systems Engineering 6, IT 3, Product Engineering 2, Project Development 2.
+ THESISPROJECTPerdaman names Electric Hydrogen preferred electrolyzer vendor for Project Helios
Perdaman picked Electric Hydrogen as preferred electrolyzer supplier for the next stage of Project Helios Phase 2 in Karratha, Western Australia, a project described as including over 1 GW of solar PV and producing more than 120 tonnes per day of green hydrogen for Project Ceres. This follows a pre-FEED engineering agreement between the two companies.
eh2.com →+ THESISFEDERAL AWARDDepartment of Energy grant$41M
Bil - manufacturing innovations for scaling green h2 to fossil-parity project objectives overview the goal of this project is to develop and pilot an electrolyzer manufacturing pro
usaspending.gov →+ THESISHow it works
Electricity splits water into hydrogen and oxygen across a membrane or liquid electrolyte. Clean power in makes clean hydrogen out.
OPEN IN 3D →Read from SEC 8-Ks (bankruptcy, default, delisting, restatement, impairment, restructuring), cash runway in annual reports, Form D raises and the 30-day hiring trend. A prompt to look closer, not a credit rating.
2026-10-302026-11-09
Teams moving over 30 days: Power Systems Engineering +1 (now 6), EHS - Devens -1 (now 0)
By team
Sources: company job boards (daily), SEC EDGAR, USAspending.gov, and the reviewed technology spreadsheets. Public records only cover US entities, so foreign companies and private firms that don't file will show gaps.
By location
Companies file a Form D within 15 days of selling shares privately. “Sold” is the amount raised so far in that offering; amended notices (D/A) update earlier ones.
| First sale | Notice | Offered | Sold |
|---|---|---|---|
| 2023-04-06 | D · filed 2023-10-23 | $411M | $381M |
| 2022-03-10 | D · filed 2023-10-23 | $139M | $139M |
| 2021-03-29 | D · filed 2023-10-23 | $24M | $24M |
| 2020-12-21 | D · filed 2023-10-23 | $750K | $750K |
Matched recipient: ELECTRIC HYDROGEN CO
Policy that applies
No minerals, policies or partners linked yet. Add them in the review spreadsheet.
2026-08-17 · project
Perdaman names Electric Hydrogen preferred electrolyzer vendor for Project HeliosPerdaman picked Electric Hydrogen as preferred electrolyzer supplier for the next stage of Project Helios Phase 2 in Karratha, Western Australia, a project described as including over 1 GW of solar PV and producing more than 120 tonnes per day of green hydrogen for Project Ceres. This follows a pre-FEED engineering agreement between the two companies.Only Form D notices on file (shown at left).