Electric Hydrogen — green hydrogen production (PEM electrolyzer manufacturing); 1.2 GW factory in Devens, MA
Series C oversubscribed. First green hydrogen unicorn at $1B+ valuation. Lead investors Fortescue, Fifth Wall, Energy Impact Partners. Capital funds 1.2 GW Devens, MA electrolyzer factory.
$380M
Deal Value
1,200MW
Capacity
Hydrogen & Fuel Cells
Technology
MA
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- Electric Hydrogen (EH2)
- Buyer / Financier
- Fortescue (lead), Fifth Wall, Energy Impact Partners; bp Ventures, Oman Investment Authority, Temasek, Microsoft Climate Innovation Fund, United Airlines Sustainable Flight Fund
- Deal Value
- $380M (Series C)
- Stage
- Development
- ISO/RTO
- Multiple
- Source
- Electric Hydrogen
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