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Hydrogenics Corporation

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Hydrogenics Corporation - Energy & Power showcase

Year Founded & Workforce

1995

183 Employees

Industry

Energy & Power

Services

Power to GasHydrogen Fueling Station
H

Hydrogenics Corporation Employee Contacts

7 verified contactsNames, job titles, seniority and locations

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Hydrogenics Corporation Overview

Company Headquarters: Mississauga, Canada

Founded: 1995

Workforce: ~183

Company Working: Hydrogenics is one of the global leaders in designing, manufacturing, building, and installing industrial and commercial hydrogen generation, hydrogen fuel cells, and MW-scale energy storage solutions. It provides its expert solutions and products for a wide range of applications including industrial processes, fueling stations, commercial fleets, utility vehicles, electric lift trucks, and critical power and UPS systems. The company operates through two business segments, which are onsite generation and power systems. Energy storage products are provided under its power systems segment.

It has manufacturing facilities in Germany, Belgium, and the US. Additionally, the company also has sales and corporate offices across the globe.

Company Snapshot

$45.548M

Revenue

183

Employees

1995

Founded

Mississauga, Canada

Headquarters

SWOT Analysis

Strengths

  • Strong research and development centers
  • Strong global presence
  • loyal customer base

Weaknesses

  • Downfall in annual income since last 3 years

Opportunities

  • Expansion in Emerging Economies

Threats

  • Major Competitors
  • Fluctuation of raw material prices

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Key Developments

DateApproachDevelopment
September 2018Contract and AgreementHydrogenics Corporation entered into an agreement with SINTEF, Tecnalia, UniSannio, Varanger Kraft, and KES to deliver 2.5-megawatt electrolyzer-based energy storage systems that are directly connected to a 45-megawatt wind farm in Norway. The contract has enabled the company to enhance its market share in the global energy storage system market.

Product Offering

  • Hydrogenics Corporation
    • Power to Gas
    • Hydrogen Fueling Station

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales fell from USD 45.5 Mn in 2014 to USD 35.9 Mn in 2018.
Hydrogenics Corporation — By Business Segment
Series (USD Mn)2014201520162018
Sales45.535.92935.9

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