NATICK, Mass., March 14, 2024 – Electric Hydrogen has been awarded a $46.3M grant by the Department of Energy (DOE), under the Bipartisan Infrastructure Law’s Clean Electrolysis Program. Electric Hydrogen was selected for its rapid technology advancements in electrolyzer manufacturing.
Electric Hydrogen’s manufacturing enables high-quality, low-cost electrolyzer stacks that unlock pathways to achieve the DOE’s Energy Earthshot targets for green hydrogen: $1/kg of H2 by 2031. The company’s unique electrolyzer plant design and state-of-the-art manufacturing technologies address all of the key cost drivers DOE has identified to achieve that goal. Electric Hydrogen’s sole mission is to make green hydrogen an economic inevitability by unlocking cost-parity with fossil fuels.
“We are honored to be selected and see this as a great endorsement of our technology and team. We thank the administration and DOE for supporting domestic electrolyzer manufacturing, to ensure the US stays competitive in this sector,” said CTO David Eaglesham.
The company will use the grant to scale its technology advancements in manufacturing at its Devens, Massachusetts gigafactory. The factory will be one of the largest proton exchange membrane (PEM) electrolyzer factories in the world, with a capacity of 1.2 GW/yr. Using proven manufacturing frameworks from successfully scaled industries like the auto industry, it will run low-cost and high-throughput production lines to make reliable and high-quality electrolyzers in large volumes to meet the industry’s growing demand.
“The experience and proven success our team garnered in solar manufacturing and other scaled sectors is directly transferable to electrolyzer manufacturing and will allow Electric Hydrogen to increase our rate of production on a timeline that can address the growing demand globally”, says Jigish Trivedi, SVP of Manufacturing.
Electric Hydrogen’s low-cost electrolyzer stacks are at the core of the company’s solution, a fully integrated 100MW Electrolyzer Plant, designed to deliver the lowest cost green hydrogen on earth. The plants are designed and manufactured in the US, and the company is currently building its first customer-sited 100MW Electrolyzer Plant in Texas, in addition to having existing operating plants in California.
About Electric Hydrogen
Electric Hydrogen manufactures, delivers and commissions the world’s most powerful electrolyzers for critical industries to produce the lowest cost green hydrogen. The company’s complete 100MW plant includes all system components required to turn water and electricity into green hydrogen, including power conversion, gas processing, water treatment and thermal management. Electric Hydrogen’s advanced PEM technology helps critical industries achieve their climate objectives by making green hydrogen an economic inevitability. Electric Hydrogen has a team of more than 300 people with operations in California and Massachusetts. The company was founded in 2020 and has raised more than $600M from financial and strategic investors.
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