FuelCell Energy FuelCell Energy (formerly known as Energy Research) is a company that provides clean energy and fuel cell technology solutions. | ![]() ITM Power ITM Power is a company that specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers. | ![]() Olivine Olivine is a company providing infrastructure and consulting services for distributed energy resources. | ||
Founding Date | Founding Date 1969 | Founding Date 2000 | Founding Date 2000 | Founding Date 2010 |
Type | Type Public | Type Public | Type Private | Type Private |
Tags | ||||
Locations | Locations Danbury, US HQ Calgary, CA Taufkirchen, DE Pohang, KR Torrington, US | Locations Rotherham, GB HQ Queensland, AU Linden, DE Edinburgh, GB Sheffield, GB | Locations Bangkok, TH HQ | Locations Berkeley, US HQ |
Employees | Employees 5841% decrease | Employees 30814% decrease | Employees N/A | Employees 582% increase |
Valuation ($) | Valuation ($) 189.4 m | Valuation ($) 323.5 m | Valuation ($) N/A | Valuation ($) N/A |
Financial | ||||
Revenue (est.) | Revenue (est.) $158.2m (FY, 2025) | Revenue (est.) £26m (FY, 2025) | Revenue (est.) N/A | Revenue (est.) N/A |
Cost of goods | Cost of goods $184.6m (FY, 2025) | Cost of goods £42.3m (FY, 2025) | Cost of goods N/A | Cost of goods N/A |
Gross profit | Gross profit ($26.4m) (FY, 2025) | Gross profit (£12.9m) (FY, 2025) | Gross profit N/A | Gross profit N/A |
Net income | Net income ($191.4m) (FY, 2025) | Net income (£45.5m) (FY, 2025) | Net income N/A | Net income N/A |
Operating ⚠ | ||||
Backlog | Backlog $1.1b (FY, 2022) | Backlog £171m (FY, 2021) | Backlog N/A | Backlog N/A |
Funding | ||||
Total funding raised | Total funding raised $ 65m | Total funding raised $ 15.2m | Total funding raised $ 10.1m | Total funding raised N/A |

ITM Power is a company that specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers.
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Olivine is a company providing infrastructure and consulting services for distributed energy resources.
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