When was Element 1 founded?

Element 1 was founded in 2010 and raised its 1st funding round 2 years after it was founded.

Where is Element 1 located?

Element 1 is headquartered in Bend, United States.

How many employees does Element 1 have?

As of Aug 31, 2026, the latest employee count at Element 1 is 21.

Is Element 1 a funded company?

Element 1 is a funded company, having raised a total of $1.42M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 10, 2012.

When was the latest funding round of Element 1?

Element 1's latest funding was a $***** Series A round on Jun 04, 2021, with participation from 1 investor.

Where does Element 1 rank among its competitors?

Element 1 ranks 9th amongst 36 active competitors, of which 14 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Aurora Hydrogen, which secured $3M in Mar, 2026.

Who are the top competitors of Element 1?

Element 1's top competitors include Monolith, Modern Hydrogen and HiiROC. Among them, Aurora Hydrogen secured the most recent funding round in March, 2026.

Element 1 - 2026 Company Profile, Team, Funding & Competitors

Element 1 is a series A company based in Bend (United States), founded in 2010 by Dave Edlund. It operates as a Provider of solutions for hydrogen generation. Element 1 has raised $1.42M in funding from Ardmore Shipping. The company has 36 active competitors, including 14 funded and 1 that has exited. Its top competitors include companies like Monolith, Modern Hydrogen and HiiROC.

Company Details

Provider of solutions for hydrogen generation. It provides low-cost hydrogen generators designed to support a range of applications including fuel cell backup power systems, hydrogen refueling stations, mobile FCEV, marine, railway, and others.

Key Metrics

Founded Year

2010

Location

Bend, United States

Stage

Series A

Total Funding

$1.42M in 4 rounds

Latest Funding Round

Series A, Jun 04, 2021, $*****

Investors

Ardmore Shipping & 1 more

Ranked

9^th among 36 active competitors

Employee Count

21 as on Aug 31, 2026

Similar Companies

Molten Industries & 11 more

View Element 1's full profile

Element 1 is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Element 1 Corp CIN: 45-5350539 , United States, Active	Jan 01, 2010	-	25 (As on Dec 31, 2022)	-

Element 1 has raised a total funding of $1.42M over 4 rounds. Its first funding round was on Sep 10, 2012. Its latest funding round was a Series A round on Jun 04, 2021 for $*****. 1 investor participated in its latest round. Element 1 has 2 institutional investors.

Here is the list of recent funding rounds of Element 1:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 04, 2021	9356054	Series A	2459185	9731388	9258754	1191771
Apr 05, 2016	5826314	Seed	3700534	4998737	1700802	4483337
Feb 23, 2016	5310984	Seed	9322493	3295137	6225031	7470027

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View details of Element 1's funding rounds and investors

The founders of Element 1 is Dave Edlund.

Here are the details of Element 1's key team members:

Dave Edlund: Founder of Element 1.

View details of Element 1's Founder profiles and Board Members

Element 1's employee count trend

Element 1 has 21 employees as of Aug 26. Here is Element 1's employee count trend over the years:

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Top competitors of Element 1 include Monolith, Modern Hydrogen and HiiROC. Here is the list of Top 10 competitors of Element 1, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Monolith 2012, Lincoln (United States), Series D	Manufacturer of carbon black and hydrogen products for various industrial uses	$593M	Cornell Capital, TPG & 11 others	64/100
2nd	Modern Hydrogen 2015, Bothell (United States), Series B	Provider of hydrogen generation solutions	$72.8M	NextEra Energy, Metaplanet & 12 others	62/100
3rd	HiiROC 2019, Hull (United Kingdom), Series A	Provider of solutions for hydrogen generation and storage	$63.2M	CEMEX Ventures, VNG & 22 others	62/100
4th	Molten Industries 2021, Oakland (United States), Series A	Innovating graphite and hydrogen production for batteries and heavy industry	$25M	Fifty Years, Breakthrough Energy & 10 others	61/100
5th	Aurora Hydrogen 2021, Vancouver (Canada), Series A	Provider of high-efficiency clean hydrogen production technology. This technology utilizes existing energy infrastructure and proven components to produce low-carbon hydrogen fuel on-site at industrial scale. The process offers a lower cost alternative to electrolysis and steam reforming with carbon capture. It is designed to meet industrial demands in hard-to-decarbonize sectors such as steel manufacturing and long-distance transportation. The technology uses microwave energy to heat natural gas, resulting in significantly reduced electricity consumption compared to electrolysis. The company's approach mitigates risk by avoiding the need for precious metals, water, new pipelines, or extensive storage and transportation infrastructure.	$13M	Energy Innovation Capital, Oldendorff Overseas Investments GmbH & Co. KG ... & 6 others	57/100
6th	Pure Hydrogen 2007, Sydney (Australia), Public	Developer of integrated clean energy solutions for commercial transport fleets	$7.7M	-	54/100
7th	Levidian 2012, Cambridge (United Kingdom), Series B	Provider of solutions for hydrogen generation	$13.5M	Baker Hughes & 2 others	53/100
8th	Ekona 2017, Vancouver (Canada), Series A	Producer of hydrogen for industrial applications	$69.9M	Baker Hughes, BDC & 8 others	44/100
9th	Element 1 2010, Bend (United States), Series A	Provider of solutions for hydrogen generation	$1.42M	ONAMI, Ardmore Shipping	44/100
10th	Hycamite 2020, Kokkola (Finland), Series A	Provider of low-carbon hydrogen and high-quality carbon products for industry	$48.8M	Sojitz, Turret.fi & 9 others	41/100