HYGS on NASDAQ

Accelera

Logo: Jose A. Gonzalez, CC BY-SA 3.0, via Wikimedia Commons4

Canada-based alternative energy company

Hydrogenics is a developer and manufacturer of hydrogen generation and fuel cell products based on water electrolysis and proton-exchange membrane (PEM) technology. Hydrogenics is divided into two business units: OnSite Generation and Power Systems.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1995Founded1

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  • TickerHYGS on NASDAQ1
  • HeadquartersMississauga1
  • Websitewww.accelerazero.com
  • Incorporated inOntario, Canada5
  • Business address220 Admiral Blvd, -, Mississauga L5T 2N6, A6 000005

Hydrogenics is a developer and manufacturer of hydrogen generation and fuel cell products based on water electrolysis and proton-exchange membrane (PEM) technology. Hydrogenics is divided into two business units: OnSite Generation and Power Systems. Onsite Generation is headquartered in Oevel, Belgium, and had 73 full-time employees as of December 2013. Power Systems is based in Mississauga, Ontario, Canada, with a satellite facility in Gladbeck, Germany. It had 62 full-time employees as of December 2013. Hydrogenics maintains operations in Belgium, Canada and Germany with satellite offices in the United States, Indonesia, Malaysia and Russia.3

How it started

History

In 1988, Hydrogenics was founded under the name Traduction Militech Translation Inc. On 20 August 1990, it changed its name to Hydrogenics Corporation and entered into the fuel cell technology development business in August 1995.

In 2002, Hydrogenics acquired EnKAT GmbH, which formed its Hydrogenics Europe division. It also acquired Greenlight Power Technologies, Inc., a competing fuel cell testing business, in 2003. A year later, in 2004, the company acquired Stuart Energy, a manufacturer of hydrogen-generation products based on alkaline electrolyte technology.

In 2007, Hydrogenics narrowed the focus of its fuel cell activities by exiting the fuel cell testing business and working more on forklift power and backup power markets. That same year, Heliocentris partnered with Hydrogenics and SMA Solar Technologie to incorporate Hydrogenics' fuel cell power modules into stationary backup power systems.

In September 2010, Hydrogenics formed an alliance with CommScope Inc., a Hickory, North Carolina–based multinational telecommunications company. Per the alliance, CommScope invested US$8.5 million in Hydrogenics as part of a joint product development program.

Hydrogenics signed a memorandum of understanding (MoU) with Iwatani Corporation, a Japanese industrial energy company, in April 2012. The companies began to collaborate on hydrogen solutions in the Japanese energy market, including utility-scale hydrogen energy storage, hydrogen generation and fuelling, fuel cell integration, and industrial hydrogen generation. Later that month Hydrogenics and Enbridge Inc. entered into a joint venture to develop utility-scale energy storage beginning in Ontario. Under the agreement, hydrogen produced during periods of excess renewable generation will be injected into Enbridge's existing natural gas pipeline network. In June 2013, Hydrogenics announced that its Power-to-Gas facility was operational with the first direct injection of hydrogen into a gas pipeline.

From Wikipedia’s article on Accelera, shared under CC BY-SA 4.0.3

Timeline

  1. Oct 27, 2000Went public Listed on NASDAQ1
  2. 1995Founded Founded1

Sources

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