Energy & Commodities ยท Field note
Hydrogen cells
๐ Hydrogen Fuel Cell & Electrolyzer Developers
A working note โ rougher than the essays, kept here for reference.
๐ Hydrogen Fuel Cell & Electrolyzer Developers
- Plug Power Inc. (NASDAQ: PLUG)
- Develops hydrogen fuel cell systems, electrolyzers for hydrogen production, storage, and fueling infrastructure.
- Supplies fuel cells used in material handling (e.g., forklifts) and is expanding into mobility and power applications.
- FuelCell Energy, Inc. (NASDAQ: FCEL)
- Designs and manufactures fuel cell power plants and systems, including large-scale stationary power systems that can use hydrogen to generate electricity with low emissions.
- Cummins Inc. (NYSE: CMI)
- Through its Accelera brand, Cummins develops hydrogen fuel cell systems and electrolyzers for heavy transport and industrial applications.
๐ ๏ธ Industrial Gas & Hydrogen Production
- Air Products and Chemicals, Inc. (NYSE: APD)
- A major supplier of hydrogen globally; produces hydrogen for industrial use and transport, including fueling stations and hydrogen mobility projects.
โก Hybrid & Supporting Technology Companies
- Hyliion Holdings Corp. (NYSE American: HYLN)
- Focuses on power generation solutions that include hydrogen-capable systems (e.g., hybrid powerplants that can use hydrogen or other fuels).
๐ง Notes on Other Related Companies
- Ballard Power Systems is a major fuel cell developer, but it is headquartered in Canada; its stock trades primarily on the Toronto Stock Exchange (TSX) and U.S. OTC markets rather than major U.S. exchanges.
- Some companies like United Hydrogen Group (planned Nasdaq listing) have been working toward public trading but may not yet be fully listed and widely traded.
๐ ๏ธ What These Companies Are Working On
| Company | Main Focus in Hydrogen |
|---|---|
| Plug Power | Fuel cell systems, electrolyzers, hydrogen infrastructure |
| FuelCell Energy | Stationary fuel cell power plants |
| Cummins | Hydrogen fuel cells and electrolyzers for heavy transport |
| Air Products | Hydrogen production & distribution, fueling infrastructure |
| Hyliion | Hydrogen-capable power systems (hybrid) |