ITM Power Competitors and Similar CompaniesClear all

Hydrogenics's competitors and similar companies include McPhy Energy and Plug Power.
Hydrogenics
Hydrogenics
Hydrogenics is a designer and manufacturer of hydrogen systems.
McPhy Energy
McPhy Energy
McPhy Energy is a company specializing in the hydrogen energy transition.
Plug Power
Plug Power
Plug Power is a company that provides hydrogen and fuel cell solutions.
Founding Date
Founding Date
1995
Founding Date
2008
Founding Date
1997
Type
Type
Subsidiary
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
Latham, US HQ
Employees
Employees
921% increase
Employees
258
Employees
3,22410% decrease
Valuation ($)
Valuation ($)
N/A
Valuation ($)
71.3 m
Valuation ($)
2 b

Financial

Revenue (est.)
Revenue (est.)
N/A
Revenue (est.)
€13.2m (FY, 2024)
Revenue (est.)
$709.9m (FY, 2025)
Cost of goods
Cost of goods
N/A
Cost of goods
€10.6m (FY, 2024)
Cost of goods
$952m (FY, 2025)
Gross profit
Gross profit
N/A
Gross profit
€4.1m (FY, 2024)
Gross profit
($242m) (FY, 2025)
Net income
Net income
N/A
Net income
(€74.1m) (FY, 2024)
Net income
($1.7b) (FY, 2025)

Funding

Total funding raised
Total funding raised
$ 13.3m
Total funding raised
$ 25.5m
Total funding raised
$ 87.7m
For sources of this data, please see the company profile

View Company Profiles

McPhy Energy
HQ
Grenoble, FR
Employees
258

McPhy Energy is a company specializing in the hydrogen energy transition.

View company
Plug Power
HQ
Latham, US
Employees
3,224↓ 10% decrease

Plug Power is a company that provides hydrogen and fuel cell solutions.

View company