Market map · United States
Hydrogen market map: United States
35 hydrogen startups based in the United States that have raised money in rounds we track, placed in 5 segments by what each says it does. Together they have raised $2.4B; the biggest segment is fuel cells.
35startups on the map
5segments
$2.4Braised between them
Hydrogen mobilitymost funded segment
Funding by segment
- Fuel cells$397M13
- Electrolysers$175M9
- Green hydrogen projects$281M6
- Storage and transport$594M4
- Hydrogen mobility$973M3
Where they are based
- United States35$2.4B
United StatesFounded
5Earlier
212
13
214
315
16
217
118
319
520
221
322
123
124
125
26
4 without a founding year on record.
Total raised
- Under $1M4
- $1M to $10M14
- $10M to $50M8
- $50M to $250M6
- $250M to $1B3
- $1B and over0
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
30 of 35 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- United States35
Startups by country, 1 country in all.
Segment by segment
Fuel cells
13 startups · $397M raised
ClearEdge PowerClearEdge Power was a fuel cell manufacturer founded in 2003, known for its clean and efficient stationary fuel cell energy solutions.United States$151M
Nikola Motor CompanyNikola Motor Company manufactures heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions.United States$100M
Watt Fuel CellWATT Fuel Cell is a privately held American company founded in 2010, based in Mount Pleasant, Pennsylvania.United States$82M
Oorja Fuel CellsOorja Fuel Cells is a global energy company that designs, manufactures, and commercializes Direct Methanol Fuel Cells (DMFC).United States$21M
Proof EnergyWe are revolutionizing power generation using readily available renewable fuels.United States$12M
Steelhead CompositesSteelhead Composites is a provider of hydrogen storage solutions used to allow widespread zero-emission fuel cell electrification.United States$7.1M
Teragen EnergyTeragen Energy develops advanced regenerative fuel cells, offering a versatile energy technology platform that generates power andUnited States$6.0M
Redox Power SystemsRedox is a solid oxide fuel cell company that provides on-demand, clean energy at a price point that competes with traditional power.United States$5.0M
Electrolysers
9 startups · $175M raised
Electric HydrogenElectric Hydrogen develops electrolyzer technologies to enable abundant, low-cost, and clean hydrogen to replace fossil fuels.United States$100M
EvolOHEVOLOH is a cleantech company based in Santa Clara, California, founded in April 2020.United States$20M
Power to HydrogenPower to Hydrogen develops advanced AEM electrolyzers that integrate with renewables while eliminating precious, expensive metals.United States$18M
VersogenVersogen is a private cleantech company based in Delaware, focused on developing anion exchange membrane (AEM) electrolyzer technoUnited States$15M
Peregrine HydrogenPeregrine Hydrogen is a climate technology company based in Santa Cruz, California, founded in 2023.United States$7.5M
OCOchemOCOchem is a clean technology startup based in Richland, Washington, founded in 2017.United States$7.1M
Advanced IonicsAdvanced Ionics is a climate-tech company based in New Berlin, Wisconsin, founded in 2017.United States$6.7M
1s1 Energy1s1 Energy is a private cleantech startup founded in 2019, focused on developing advanced Proton Exchange Membrane (PEM) electrolyUnited States$1.4M
Green hydrogen projects
6 startups · $281M raised
Ambient FuelsAmbient Fuels is a green energy developer that delivers green hydrogen solutions.United States$250M
Vema HydrogenVema Hydrogen is a pioneering clean hydrogen production company.United States$13M
Phase Two ChemicalsPhase Two Chemicals specializes in clean chemistry and industrial electrochemistry, focusing on on-site, on-demand hydrogen peroxiUnited States$12M
ThiozenThiozen develops novel hydrogen gas production technology designed to reduce greenhouse gases.United States$3.2M
EcolectroBringing scalable, low-cost, clean green hydrogen energy to the very near future.United States$2.3M
PCC HydrogenPCC Hydrogen is a green hydrogen production company that converts environmentally friendly ethanol into high-purity green hydrogen.United States$844K
Storage and transport
4 startups · $594M raised
EnerVenueEnerVenue is an energy storage infrastructure company based in Fremont, California, founded in 2020.United States$312M
BayoTechBayoTech sites hydrogen production close to demand and distributes it to consumers via high-pressure gas transport and storage equipment.United States$170M- VVerneVerne is a cleantech startup accelerating pioneering a new high-density, low-cost, and lightweight hydrogen storage system.United States$110M
Arculus SolutionsArculus Solutions is a cleantech company dedicated to enhancing hydrogen transportation through the retrofitting of natural gas inUnited States$2.0M
Hydrogen mobility
3 startups · $973M raised
Bloom EnergyBloom Energy empowers businesses and communities to responsibly take charge of their energy.United States$960M
HypeHype is a French company focused on zero-emission hydrogen mobility, primarily serving the urban taxi market.United States$11M
ColibrivA new era is being born in the world of aviation with the creation of hydrogen aircraft will help us achieve sustainability.United States$2.6M
How this map is made. Every startup here has raised money in rounds we track, and is based in United States. It joins the map when its sectors, read from its rounds, or the opening of its own description say it works in hydrogen, and goes to the first segment whose words it carries. Each segment shows its best-funded first. Rebuilt nightly; updated 15 November 2026.
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Who backs hydrogen?
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