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Horizon Fuel Cell Technologies

Hydrogen Economy
Product stageSegments
Early
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Hydrogen Fuel Cells
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Singapore-based Horizon Fuel Cell Technologies manufactures proton exchange membrane (PEM) hydrogen fuel cells. The company offers three fuel cell products: “VL-Series liquid cooled stacks” with an output of 30 kilowatts (kW)–100 kW, “H-Series air cooled stacks” with an output of 10 watts (W)–5 kW, and “A-Series air cooled stacks” with an output of 250 W–1,500 W.

Horizon Fuel Cell Technologies launched its first air-cooled fuel cell stacks in 2004. The company began commercial production of its liquid cooled fuel cell system in 2018, and has secured a contract for 1,000 systems for hydrogen trucks in China in July 2019, which the company said was the world’s first large-scale commercial contract. Since then, the company has partnered with other bus, coach, and commercial delivery vehicle manufacturers. In October 2023, the company launched 1 MW and 5MW electrolyzer modules, which will be developed through a new subsidiary, HET Hydrogen.

In February 2024, the company announced the development of a new anion exchange membrane (AEM) material combination that can operate for more than 60,000 hours at up to 95% efficiency. It expects to deliver MW-scale AEM electrolyzers to commercial customers by the end of 2024.

The company has also spun off three startups since inception: 1) Horizon Educational in 2013, a clean energy and hydrogen science education company headquartered in the Czech Republic; 2) HES Energy Systems in 2015, a provider of hydrogen-electric air mobility solutions headquartered in Singapore; 3) Hyzon Motors in 2019, a developer of hydrogen fuel cell-powered commercial vehicles headquartered in the US.

Funding and financials

The company’s last known funding event was in February 2017, when it raised an undisclosed amount of venture funding. In December 2023, the company received an equity commitment from Anglo American, a global producer of electrolysis-enabling platinum group metals (PGMs), for the launch of its subsidiary HET Hydrogen. The two companies will work together to optimize the use of PGMs to further advance PEM electrolyzer technologies.


Hydrogen Economy

Hydrogen Economy

Key stats
Featured companies
66
Total funding (USD)
9.5 Bn
Total addressable market (USD)
128.7 Bn
Key competitors
 
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Company profile
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Recent Updates

Partnerships
Dec 2, 2021
Horizon Fuel Cell Technologies to supply fuel cell systems to Korean smart city
Hydrogen Economy

Company Brief


HQ location:
Singapore Singapore SGP
Founded year:
2003
Employees:
251-500
Total Funding:
USD 11.2 million

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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