Electric Hydrogen Announces Gigafactory in Devens, Massachusetts to Enable Ultra Low-Cost Green Hydrogen Production

BOSTON--(BUSINESS WIRE)--Electric Hydrogen Co. (“EH2”), a manufacturer of advanced, industrial-scale hydrogen electrolyzer technology, announced today the location of its first factory in Devens, Massachusetts. The company has leased a newly constructed 187,000 ft2 facility and is now hiring production team members. The Devens factory will have an annual manufacturing capacity of 1.2GW with production of EH2’s 100MW green hydrogen electrolyzers commencing in Q1 2024.

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“Our company has a single purpose: to make molecules to decarbonize our world,” stated Dr. David Eaglesham, EH2’s Chief Technology Officer and Co-founder. “Industrial sectors such as fertilizer and steel need new ways to reliably replace fossil resources at costs that work. The machines we will produce at our new factory in Devens will have a transformational impact by enabling ultra-low-cost green hydrogen at an industrial scale.”

Green hydrogen, made by breaking the chemical bonds of water using renewable electricity, is a growth industry that can make an immediate impact on the global climate crisis. Electric Hydrogen expects its technology to establish the standard for industry-wide cost reduction to make green hydrogen cheaper than fossil alternatives.

“Electric Hydrogen Co’s new factory in Devens will harness state-of-the-art technology and bright minds in Massachusetts to produce fossil-free hydrogen from water and renewable electricity – creating jobs, helping industries transition away from fossil fuels, and curbing emissions,” said Senator Elizabeth Warren. “I fought hard for the Bipartisan Infrastructure Law and Inflation Reduction Act, which have accelerated the growth of green energy jobs and are the largest investments in tackling climate change in the history of the world.”

“We are excited EH2 will expand its footprint and add good, high-tech jobs with this new manufacturing facility in Devens,” said Massachusetts Economic Development Secretary Yvonne Hao. “EH2’s cutting-edge hydrogen electrolyzer technology will help our state and country reach our ambitious decarbonization goals, and we’re grateful for the company’s investment in Massachusetts.”

“I am thrilled to welcome Electric Hydrogen to the Third District. I proudly voted for the Inflation Reduction Act and Bipartisan Infrastructure Law because I knew that investments in clean energy would pay dividends not only for our climate, but also for our local economy,” said Congresswoman Lori Trahan. “Electric Hydrogen brings with it good-paying manufacturing jobs, and the company is not alone. Towns like Devens are rapidly growing into incubators for revolutionary clean energy technologies with jobs ready to meet the demands of the 21st century.”

"There are a lot of factory announcements in our industry, but not a lot of real capacity being built,” said Raffi Garabedian, EH2’s Chief Executive Officer and Co-founder. “We have a backlog of customer orders to fulfill and are moving quickly to build and ship the world’s most powerful electrolyzers.”

About Electric Hydrogen Co.

Electric Hydrogen is a deep decarbonization company pioneering new technology for low-cost and efficient green hydrogen systems. Focusing on industrial applications of hydrogen such as steel, ammonia and freight transport, EH2’s goal is to help eliminate more than 30% of global GHG emissions from hard-to-electrify industries. The company is backed by world-class investors like Breakthrough Energy Ventures, Capricorn Investment Group, Energy Impact Partners, Fifth Wall Climate Tech, Prelude Ventures and S2G Ventures. The company also partners with strategic investors leading their target sectors, including Equinor Ventures, Mitsubishi Heavy Industries and Rio Tinto, among others. Electric Hydrogen has a team of over 200 employees and is based out of Natick, MA and San Carlos, CA.

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