Avium Competitors and Similar CompaniesClear all
Plug Power's competitors and similar companies include ITM Power, Nel Hydrogen and Harnyss.
 ITM Power ITM Power is a company that specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers. |  Nel Hydrogen Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production. | |||
Founding Date | Founding Date 1997 | Founding Date 2000 | Founding Date 1927 | Founding Date 2021 |
Type | Type Public | Type Public | Type Public | Type Private |
Tags | ||||
Locations | Locations Latham, US HQ | Locations Rotherham, GB HQ Queensland, AU Linden, DE Edinburgh, GB Sheffield, GB | Locations Fort Worth, US HQ | |
Employees | Employees 3,22410% decrease | Employees 30814% decrease | Employees 394 | Employees 9 |
Valuation ($) | Valuation ($) 2 b | Valuation ($) 323.5 m | Valuation ($) 702.1 m | Valuation ($) N/A |
Financial | ||||
Revenue (est.) | Revenue (est.) $709.9m (FY, 2025) | Revenue (est.) £26m (FY, 2025) | Revenue (est.) kr963.1m (FY, 2025) | Revenue (est.) N/A |
Cost of goods | Cost of goods $952m (FY, 2025) | Cost of goods £42.3m (FY, 2025) | Cost of goods kr400.6m (FY, 2025) | Cost of goods N/A |
Gross profit | Gross profit ($242m) (FY, 2025) | Gross profit (£12.9m) (FY, 2025) | Gross profit kr678.2m (FY, 2025) | Gross profit N/A |
Net income | Net income ($1.7b) (FY, 2025) | Net income (£45.5m) (FY, 2025) | Net income (kr1.3b) (FY, 2025) | Net income N/A |
Funding | ||||
Total funding raised | Total funding raised $ 87.7m | Total funding raised $ 15.2m | Total funding raised $ 75m | Total funding raised N/A |
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ITM Power
HQ
Rotherham, GB
Employees
308↓ 14% decrease
ITM Power is a company that specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers.
View companyNel Hydrogen
HQ
Oslo, NO
Employees
394
Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production.
View company
Harnyss
HQ
Fort Worth, US
Employees
9
Harnyss is a company that provides hydrogen storage solutions.
View company