Hydrogenics Competitors and Similar CompaniesClear all
Hydrogenics's competitors and similar companies include Nel Hydrogen, McPhy Energy, PowerCell Group, HIAT, ITM Power and Ballard Power Systems.
 Nel Hydrogen Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production. |  PowerCell Group PowerCell Group (also known as PowerCell Sweden) is a company that develops and produces fuel cells and fuel cell systems with high-power density powered by hydrogen.
|  HIAT H.I.A.T. (Hydrogen Institute of Applied Technologies) is an organization specializing in the research and development of hydrogen and fuel cell technology. |  ITM Power ITM Power is a company that specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers. |  Ballard Power Systems Ballard Power Systems is a provider of hydrogen fuel cell products and services. | |||
Founding Date | Founding Date 1995 | Founding Date 1927 | Founding Date 2008 | Founding Date 2008 | Founding Date 2002 | Founding Date 2000 | Founding Date 1979 |
Type | Type Subsidiary | Type Public | Type Public | Type Public | Type Private | Type Public | Type Public |
Tags | |||||||
Locations | Locations Mississauga, CA HQ | Locations Grenoble, FR HQ Foussemagne, FR Paris, FR Wildau, DE San Miniato Basso, IT | Locations Göteborg, SE HQ Frankfurt Am Main, DE | Locations Schwerin, DE HQ | Locations Rotherham, GB HQ Queensland, AU Linden, DE Edinburgh, GB Sheffield, GB | Locations Burnaby, CA HQ Guangzhou, CN Weifang, CN Hobro, DK Bend, US | |
Employees | Employees 921% increase | Employees 394 | Employees 258 | Employees 146 | Employees 433% increase | Employees 30814% decrease | Employees 887 |
Valuation ($) | Valuation ($) N/A | Valuation ($) 702.1 m | Valuation ($) 71.3 m | Valuation ($) 225.2 m | Valuation ($) N/A | Valuation ($) 323.5 m | Valuation ($) 497.3 m |
Financial | |||||||
Revenue (est.) | Revenue (est.) N/A | Revenue (est.) kr963.1m (FY, 2025) | Revenue (est.) €13.2m (FY, 2024) | Revenue (est.) kr385m (FY, 2025) | Revenue (est.) N/A | Revenue (est.) £26m (FY, 2025) | Revenue (est.) $99.4m (FY, 2025) |
Cost of goods | Cost of goods N/A | Cost of goods kr400.6m (FY, 2025) | Cost of goods €10.6m (FY, 2024) | Cost of goods kr183.9m (FY, 2025) | Cost of goods N/A | Cost of goods £42.3m (FY, 2025) | Cost of goods $89.8m (FY, 2025) |
Gross profit | Gross profit N/A | Gross profit kr678.2m (FY, 2025) | Gross profit €4.1m (FY, 2024) | Gross profit kr227.5m (FY, 2025) | Gross profit N/A | Gross profit (£12.9m) (FY, 2025) | Gross profit $9.6m (FY, 2025) |
Net income | Net income N/A | Net income (kr1.3b) (FY, 2025) | Net income (€74.1m) (FY, 2024) | Net income (kr29.5m) (FY, 2025) | Net income N/A | Net income (£45.5m) (FY, 2025) | Net income ($90.9m) (FY, 2025) |
Funding | |||||||
Total funding raised | Total funding raised $ 13.3m | Total funding raised $ 75m | Total funding raised $ 25.5m | Total funding raised $ 35.9m | Total funding raised N/A | Total funding raised $ 15.2m | Total funding raised $ 174.7m |
For sources of this data, please see the company profile
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Nel Hydrogen
HQ
Oslo, NO
Employees
394
Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production.
View company
McPhy Energy
HQ
Grenoble, FR
Employees
258
McPhy Energy is a company specializing in the hydrogen energy transition.
View companyPowerCell Group
HQ
Göteborg, SE
Employees
146
PowerCell Group (also known as PowerCell Sweden) is a company that develops and produces fuel cells and fuel cell systems with high-power density powered by hydrogen.
View companyHIAT
HQ
Schwerin, DE
Employees
4↑ 33% increase
H.I.A.T. (Hydrogen Institute of Applied Technologies) is an organization specializing in the research and development of hydrogen and fuel cell technology.
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