Hydrogenics Competitors and Similar CompaniesClear all

Hydrogenics's competitors and similar companies include Nel Hydrogen and Ballard Power Systems.

	Hydrogenics Hydrogenics is a designer and manufacturer of hydrogen systems.	Nel Hydrogen Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production.	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 1979
Type	Type Subsidiary	Type Public	Type Public
Tags	Tags Energy & Utilities energy services energy storage fuel cells hydrogen	Tags Energy & Utilities energy storage hydrogen renewables	Tags Energy & Utilities fuel cells generators hydrogen systems integrator
Locations	Locations Mississauga, CA HQ	Locations Oslo, NO HQ Vienna, AT Brussels, BE Santiago, CL Munich, DE Notodden, NO Porsgrunn, NO see more	Locations Burnaby, CA HQ Guangzhou, CN Weifang, CN Hobro, DK Bend, US
Employees	Employees 921% increase	Employees 394	Employees 887
Valuation ($)	Valuation ($) N/A	Valuation ($) 702.1 m	Valuation ($) 497.3 m
Financial
Revenue (est.)	Revenue (est.) N/A	Revenue (est.) kr963.1m (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 $89.8m (FY, 2025)
Gross profit	Gross profit N/A	Gross profit kr678.2m (FY, 2025)	Gross profit $9.6m (FY, 2025)
Net income	Net income N/A	Net income (kr1.3b) (FY, 2025)	Net income ($90.9m) (FY, 2025)
Funding
Total funding raised	Total funding raised $ 13.3m	Total funding raised $ 75m	Total funding raised $ 174.7m