Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on clean and zero-emission technologies for electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell systems, fuel processing technologies, and hybrid solutions, alongside the necessary hydrogen storage and dispensing infrastructure. Its products include GenDrive, a hydrogen-powered PEM fuel cell system for material handling vehicles; GenFuel, which encompasses hydrogen delivery and dispensing; GenCare, a maintenance program for its fuel cell systems; and GenSure, a stationary fuel cell solution for backup and grid-support power. Plug Power also offers the GenKey solution, which integrates all essential components for fuel cell power, and ProGen, a fuel cell stack technology used in various applications. With over 40,000 deployed fuel cell systems, Plug Power is a significant player in the hydrogen economy and has established a network of hydrogen highways across North America. Founded in 1997 and headquartered in Latham, New York, the company serves a diverse clientele, including major corporations and industries.
Joule Processing providing custom-engineered equipment solutions for natural gas processing, treating and liquids handling.
Universal Hydrogen
Series B in 2021
Universal Hydrogen is focused on advancing hydrogen aviation by creating a comprehensive hydrogen ecosystem tailored for the aviation industry. Founded in 2020 and based in Hawthorne, California, the company develops innovative technologies for hydrogen distribution and propulsion. It manufactures capsule modules designed to safely store hydrogen during transit, which also function as modular fuel tanks that can be directly loaded onto aircraft. Universal Hydrogen provides an end-to-end hydrogen value chain, facilitating the transport of hydrogen from production facilities to airports using existing freight infrastructure. This approach eliminates the need for expensive new pipelines and storage facilities, supporting the transition to carbon-free flight and helping to mitigate the climate impact of air travel. Through strategic partnerships and dedicated logistics, Universal Hydrogen aims to make hydrogen-powered aviation a practical reality.
Applied Cryo Technologies
Acquisition in 2021
Applied Cryo Technologies specializes in the manufacturing of cryogenic trailers and mobile storage equipment for the oil and gas, industrial gas, and emerging LNG markets. The company focuses on the design and production of specialized cryogenic equipment that facilitates the safe and efficient transportation of natural gas and LNG across various locations. In addition to manufacturing, Applied Cryo Technologies provides a comprehensive range of services, including repair, rehabilitation, and refurbishment of cryogenic trailers, ensuring that their products remain reliable and effective for their users.
Universal Hydrogen
Series A in 2021
Universal Hydrogen is focused on advancing hydrogen aviation by creating a comprehensive hydrogen ecosystem tailored for the aviation industry. Founded in 2020 and based in Hawthorne, California, the company develops innovative technologies for hydrogen distribution and propulsion. It manufactures capsule modules designed to safely store hydrogen during transit, which also function as modular fuel tanks that can be directly loaded onto aircraft. Universal Hydrogen provides an end-to-end hydrogen value chain, facilitating the transport of hydrogen from production facilities to airports using existing freight infrastructure. This approach eliminates the need for expensive new pipelines and storage facilities, supporting the transition to carbon-free flight and helping to mitigate the climate impact of air travel. Through strategic partnerships and dedicated logistics, Universal Hydrogen aims to make hydrogen-powered aviation a practical reality.
United Hydrogen
Acquisition in 2020
United Hydrogen Group, established in 2016 and headquartered in Canonsburg, Pennsylvania, specializes in the production and distribution of gaseous and liquid hydrogen. The company offers a comprehensive range of services, including pump and compressor repairs, valve and regulator installation, inspections and repairs, telemetry installation, and leak testing for various hydrogen systems. United Hydrogen operates a bulk manufacturing facility in Charleston, Tennessee, with plans to expand to additional locations. The company's hydrogen products, produced through electrolysis and a proprietary purification process, meet or exceed industrial-grade purity standards, contributing to a cleaner environment and reduced dependence on foreign oil.
Giner Elx
Acquisition in 2020
Giner ELX, Inc. is a manufacturer of proton exchange membrane (PEM) electrolysis machinery, electrolyzers, and hydrogen generators that produce hydrogen from water. Founded in 2017 and based in Newton, Massachusetts, the company specializes in technology designed for on-site refueling of hydrogen fuel cells. Giner ELX's products are integral to the hydrogen generation sector, offering solutions that convert water and electric power into pure hydrogen fuel. As a subsidiary of Plug Power Inc. since June 2020, Giner ELX maintains a strong presence in the industry, with its personnel actively contributing to academic journals and participating in technical presentations at industry events.
EnergyOr Technologies
Acquisition in 2019
EnergyOr Technologies Inc. is a Montreal-based company established in 2002, specializing in the development of lightweight and compact proton exchange membrane (PEM) fuel cell systems. These systems cater to high-value niche markets, particularly in aerospace, portable power, and mobile applications, where minimizing weight is essential. EnergyOr's proprietary technology enables the creation of customized fuel cell solutions, allowing for close collaboration with clients from the initial design phase through to system integration and product qualification. The company's product offerings include various models designed for specific applications, ensuring tailored solutions to meet customer needs. As of June 2019, EnergyOr operates as a subsidiary of Plug Power Inc.
American Fuel Cell
Acquisition in 2018
American Fuel Cell LLC, based in Rochester, New York, specializes in the manufacturing and supply of membrane electrode assemblies for a variety of fuel cell applications. These assemblies are utilized in diverse sectors, including telecommunications, healthcare, military, and industrial vehicles such as forklifts. The company provides customized solutions to meet specific customer needs across these applications. Established in 2014, American Fuel Cell operates as a subsidiary of Plug Power Inc. and markets its products through online channels.
ReliOn
Acquisition in 2014
ReliOn is a leading developer and marketer of modular, cartridge-based proton exchange membrane (PEM) fuel cell technology. The company specializes in providing stationary fuel cells designed for emergency and backup power, uninterruptible power supplies, and off-grid power applications. Serving a diverse clientele that includes telecommunications, energy, transportation, and government sectors, ReliOn's commercially available fuel cells have a proven track record, with over 1,900 kW sold and delivered both domestically and internationally. Their product offerings encompass various configurations and systems tailored to meet the specific needs of private and public entities, including major telecommunications providers and utility companies.
Cellex Power
Acquisition in 2007
Cellex Power specializes in the development of hybridized power systems that combine battery and fuel cell technologies, specifically tailored for powered industrial vehicles like forklift trucks. The company aims to replace traditional lead-acid battery systems with its innovative fuel cell solutions, enabling manufacturers of materials handling vehicles to enhance productivity while simultaneously reducing capital and operational expenditures. By focusing on these advancements, Cellex Power seeks to deliver significant cost savings and efficiency improvements in the industrial sector.
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