Power to Hydrogen (P2H2), the Ohio company building anion exchange membrane (AEM) electrolyzers designed to cut green hydrogen production costs by up to 65%, has been selected as a 2026 Technology Pioneer by the World Economic Forum. It joins a global cohort of 100 early-stage companies from 23 countries, with program alumni including some of the world's most recognized names: Google, Twitter, Airbnb, Spotify, Kickstarter, Wikimedia, Wise (formerly TransferWise) and more as Technology Pioneers. Each company was selected as an early-stage company long before it became a household name.
The WEF Technology Pioneers program recognizes companies whose technologies have the potential to reshape industries and address pressing global challenges. For P2H2, the selection validates a singular focus: making anion exchange membrane (AEM) electrolysis real at industrial scale, so that green hydrogen can be produced durably, affordably, and at the pace the energy transition requires. It is the only hydrogen company on this year's list.
AEM Electrolyzer Technology: From Lab Validation to the Industrial Deployment
Green hydrogen - produced through electrolysis by splitting water into hydrogen and oxygen using renewable electricity - is widely seen as essential to decarbonizing heavy industry and transport. The barrier has always been cost. P2H2's hybrid AEM electrolyzer is designed to remove that barrier.
The cost of producing green hydrogen comes down almost entirely to the electrolyzer at the center of the system. Conventional technologies either struggle to run on variable renewable power or rely on rare and expensive materials, like iridium, that price most projects out. P2H2 is built to close that gap. It features high efficiency, low-cost iridium-free materials and is designed to run on wind and solar.
That technology is now operating outside the lab. P2H2 is deploying a commercial-scale AEM system at the Port of Antwerp-Bruges, one of Europe's largest industrial ports. Additionally, P2H2 is building a 0.5 MW electrolyzer for the EU's PYROCO2 project with research organization SINTEF, where green hydrogen will combine with captured CO2 to produce zero-emission acetone. Together, these projects move P2H2 from promising pilots toward repeatable, financeable industrial deployment.
P2H2 CEO: AEM Electrolysis Has Solved the Durability and Scale Problem
"For years, AEM electrolysis has been described as the technology that could unlock low-cost green hydrogen - if only it could be made durable and built at scale. That's exactly the problem our team set out to solve, and it's what we're proving today in real industrial settings," said Dr. Paul Matter, CEO and co-founder of Power to Hydrogen. "Being named a World Economic Forum Technology Pioneer is a meaningful signal to our customers, partners and investors that this work is credible and that the timing is right. We're proud to represent American-made clean-energy technology in this community."