![]() Proton Motor Power Systems Proton Motor Power Systems (formerly known as Proton Power Systems) is a company that develops hydrogen fuel cells and fuel cell hybrid systems. | ![]() EnergyNova EnergyNova is a company that designs and manufactures hydrogen-based batteries that can be used in a range of consumer applications. | ![]() HyAxiom HyAxiom (formerly known as Doosan Fuel Cell America) is a company that provides hydrogen-based energy solutions. | FuelCell Energy FuelCell Energy (formerly known as Energy Research) is a company that provides clean energy and fuel cell technology solutions. | ![]() Ballard Power Systems Ballard Power Systems is a provider of hydrogen fuel cell products and services. | |||||
Founding Date | Founding Date 2001 | Founding Date 2017 | Founding Date 2006 | Founding Date 2016 | Founding Date 2000 | Founding Date 2014 | Founding Date 1969 | Founding Date 1979 | Founding Date 1997 |
Type | Type Private | Type Private | Type Private | Type Private | Type Public | Type Subsidiary | Type Public | Type Public | Type Public |
Tags | |||||||||
Locations | Locations Loughborough, GB HQ Tokyo, JP Cupertino, US | Locations Belfort, FR HQ Belfort, FR | Locations Newcastle upon Tyne, GB HQ Puchheim, DE | Locations Singapore, SG HQ | Locations Brunnthal, DE HQ Calgary, CA Gurugram, IN Almelo, NL | Locations East Hartford, US HQ Boston, US South Windsor, US | Locations Danbury, US HQ Calgary, CA Taufkirchen, DE Pohang, KR Torrington, US | Locations Burnaby, CA HQ Guangzhou, CN Weifang, CN Hobro, DK Bend, US | Locations Latham, US HQ |
Employees | Employees 18920% decrease | Employees 2216% increase | Employees 109 | Employees 4 | Employees 4884% increase | Employees 2431% increase | Employees 5841% decrease | Employees 887 | Employees 3,22410% decrease |
Valuation ($) | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) 369.7 m | Valuation ($) N/A | Valuation ($) 189.4 m | Valuation ($) 497.3 m | Valuation ($) 2 b |
Financial | |||||||||
Revenue (est.) | Revenue (est.) £7.1m (FY, 2024) | Revenue (est.) N/A | Revenue (est.) £2.1m (FY, 2023) | Revenue (est.) N/A | Revenue (est.) €143.3m (FY, 2025) | Revenue (est.) N/A | Revenue (est.) $158.2m (FY, 2025) | Revenue (est.) $99.4m (FY, 2025) | Revenue (est.) $709.9m (FY, 2025) |
Cost of goods | Cost of goods £9.6m (FY, 2024) | Cost of goods N/A | Cost of goods £182k (FY, 2023) | Cost of goods N/A | Cost of goods €80.1m (FY, 2025) | Cost of goods N/A | Cost of goods $184.6m (FY, 2025) | Cost of goods $89.8m (FY, 2025) | Cost of goods $952m (FY, 2025) |
Gross profit | Gross profit (£2.5m) (FY, 2024) | Gross profit N/A | Gross profit £4m (FY, 2023) | Gross profit N/A | Gross profit €63.5m (FY, 2025) | Gross profit N/A | Gross profit ($26.4m) (FY, 2025) | Gross profit $9.6m (FY, 2025) | Gross profit ($242m) (FY, 2025) |
Net income | Net income (£21.1m) (FY, 2024) | Net income N/A | Net income (£14.5m) (FY, 2023) | Net income N/A | Net income (€887k) (FY, 2025) | Net income N/A | Net income ($191.4m) (FY, 2025) | Net income ($90.9m) (FY, 2025) | Net income ($1.7b) (FY, 2025) |
Operating ⚠ | |||||||||
Backlog | Backlog N/A | Backlog N/A | Backlog N/A | Backlog N/A | Backlog €15.9m (Q1, 2020) | Backlog N/A | Backlog $1.1b (FY, 2022) | Backlog N/A | Backlog N/A |
Partners | Partners 17 (Aug, 2023) | Partners N/A | Partners N/A | Partners 8 (Jan, 2019) | Partners N/A | Partners N/A | Partners N/A | Partners N/A | Partners N/A |
Funding | |||||||||
Total funding raised | Total funding raised N/A | Total funding raised N/A | Total funding raised N/A | Total funding raised N/A | Total funding raised N/A | Total funding raised N/A | Total funding raised $ 65m | Total funding raised $ 174.7m | Total funding raised $ 87.7m |
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