Hydrogenics Competitors and Similar CompaniesClear all

PowerCell Group's competitors and similar companies include ITM Power and Ballard Power Systems.

	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.	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 2008	Founding Date 2000	Founding Date 1979
Type	Type Public	Type Public	Type Public
Tags	Tags Energy & Utilities fuel cells hydrogen	Tags Energy & Utilities Manufacturing & Industrial energy storage hydrogen renewables	Tags Energy & Utilities fuel cells generators hydrogen systems integrator
Locations	Locations Göteborg, SE HQ Frankfurt Am Main, DE	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 146	Employees 30814% decrease	Employees 887
Valuation ($)	Valuation ($) 225.2 m	Valuation ($) 323.5 m	Valuation ($) 497.3 m
Financial
Revenue (est.)	Revenue (est.) kr385m (FY, 2025)	Revenue (est.) £26m (FY, 2025)	Revenue (est.) $99.4m (FY, 2025)
Cost of goods	Cost of goods kr183.9m (FY, 2025)	Cost of goods £42.3m (FY, 2025)	Cost of goods $89.8m (FY, 2025)
Gross profit	Gross profit kr227.5m (FY, 2025)	Gross profit (£12.9m) (FY, 2025)	Gross profit $9.6m (FY, 2025)
Net income	Net income (kr29.5m) (FY, 2025)	Net income (£45.5m) (FY, 2025)	Net income ($90.9m) (FY, 2025)
Funding
Total funding raised	Total funding raised $ 35.9m	Total funding raised $ 15.2m	Total funding raised $ 174.7m