Hydrogen Engine Center, Inc.
HYEG
Other OTC0.05
USD
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Hydrogen Engine Center, Inc.
HYEG
(Other OTC)
Recent
price
0.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Hydrogen Engine Center, Inc. manufactures and commercializes multipurpose power generation modules designed for the on-site production of green hydrogen and green ammonia. Its core products include generators and wet-sleeve engines adapted for distributive power applications in sectors such as agriculture, power generation, airport service vehicles, stranded power, and transportation. The modules integrate advanced automation features and flexible configurations to support diverse customer needs, emphasizing sustainability and efficient energy solutions. The company operates primarily in the United States and targets markets that utilize alternative fuels including hydrogen, natural gas, anhydrous ammonia, methanol, propane, syn-gas, and landfill gas. Founded in 2003 and headquartered in Algona, Iowa, Hydrogen Engine Center has recently focused on developing proprietary technologies for clean energy generation and has formed joint ventures, including a 2024 agreement with Innoprise Corporation, aimed at expanding its production scale and enhancing competitiveness through economies of scale in component acquisition and supply chain optimization. It has also secured significant funding, including a $24 million investment from Off Grid Sdn. Bhd., facilitating its expansion and innovation in clean energy module development and commercialization. The company continues to emphasize adaptability and self-sustainability in its technology offerings to promote efficient, automated, and user-friendly clean energy systems for its global clientele.