When was Peregrine Hydrogen founded?

Peregrine Hydrogen was founded in 2023 and raised its 1st funding round within a year of its incorporation.

Where is Peregrine Hydrogen located?

Peregrine Hydrogen is headquartered in Seattle, United States.

Who is the current CEO of Peregrine Hydrogen?

Fridrik Larusson of Peregrine Hydrogen. They have also founded 1 company.

How many employees does Peregrine Hydrogen have?

As of May 31, 2026, the latest employee count at Peregrine Hydrogen is 10.

Is Peregrine Hydrogen a funded company?

Peregrine Hydrogen is a funded company, having raised a total of $15.3M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 25, 2023.

When was the latest funding round of Peregrine Hydrogen?

Peregrine Hydrogen's latest funding was a $***** Series A round on Jul 07, 2025, with participation from 0 investor. Its primary sector is Energy Storage Tech. In United States, the Energy Storage Tech sector has seen $1.73B in funding in 2026 to date.

Where does Peregrine Hydrogen rank among its competitors?

Peregrine Hydrogen ranks 23rd amongst 519 active competitors, of which 134 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Nel Hydrogen, which secured $151K in Jul, 2025.

Who are the top competitors of Peregrine Hydrogen?

Peregrine Hydrogen's top competitors include Lhyfe, Nel Hydrogen and Orsted. Among them, Nel Hydrogen secured the most recent funding round in July, 2025.

Peregrine Hydrogen - 2026 Company Profile, Team, Funding & Competitors

Peregrine Hydrogen is a series A company based in Seattle (United States), founded in 2023 by Stefan Omelchenko, Matthew Shaner and Fridrik Larusson. It operates as a Green hydrogen production. Peregrine Hydrogen has raised $15.3M in funding from Bidra Innovation Ventures. The company has 519 active competitors, including 134 funded and 30 that have exited. Its top competitors include companies like Lhyfe, Nel Hydrogen and Orsted.

Company Details

Green hydrogen production. It provides thermodynamic and dual production approach solutions for the production of hydrogen.

Website: peregrinehydrogen.com
Email ID: *****@peregrinehydrogen.com

Key Metrics

Founded Year

2023

Location

Seattle, United States

Stage

Series A

Total Funding

$15.3M in 3 rounds

Latest Funding Round

Series A, Jul 07, 2025, $*****

Investors

Bidra Innovation Ventures & 6 more

Ranked

23^rd among 519 active competitors

Employee Count

10 as on May 31, 2026

Similar Companies

Lhyfe & 151 more

View Peregrine Hydrogen's full profile

Peregrine Hydrogen is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Peregrine Hydrogen Inc. CIN: 923540282 , United States, Active	Jan 01, 1970	-	6 (As on Dec 31, 2024)	-

Peregrine Hydrogen has raised a total funding of $15.3M over 3 rounds. Its first funding round was on Sep 25, 2023. Peregrine Hydrogen has 7 institutional investors.

Here is the list of recent funding rounds of Peregrine Hydrogen:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 07, 2025	6682002	Series A	1752376	6692127	2764013	1545520
Jul 18, 2024	9865844	Grant (prize money)	8862134	5453966	1287767	OSTI
Sep 25, 2023	1684918	Seed	5675180	5533977	Bidra Innovation Ventures	Builders VC & 4 more

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View details of Peregrine Hydrogen's funding rounds and investors

The founders of Peregrine Hydrogen are Stefan Omelchenko, Matthew Shaner and Fridrik Larusson. Fridrik Larusson is the CEO of Peregrine Hydrogen.

Here are the details of Peregrine Hydrogen's key team members:

Stefan Omelchenko: Co-Founder / VP of Operations and Strategy of Peregrine Hydrogen.
Matthew Shaner: CTO / Co-Founder of Peregrine Hydrogen.
Fridrik Larusson: Co-Founder & CEO of Peregrine Hydrogen.
Contact Info: 1 email address

View details of Peregrine Hydrogen's Founder profiles and Board Members

Peregrine Hydrogen's employee count trend

Peregrine Hydrogen has 10 employees as of May 26. Here is Peregrine Hydrogen's employee count trend over the years:

Employee count trend for Peregrine Hydrogen

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Top competitors of Peregrine Hydrogen include Lhyfe, Nel Hydrogen and Orsted. Here is the list of Top 10 competitors of Peregrine Hydrogen, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lhyfe 2017, Nantes (France), Public	Manufacturer of renewable hydrogen produced through water electrolysis and electricity	$96.9M	Andera Partners, Bpifrance & 12 others	71/100
2nd	Nel Hydrogen 1927, Oslo (Norway), Acquired	Manufacturer of electrolyser technology for renewable hydrogen production and related services	-	Europa, Vermögensclub & 4 others	69/100
3rd	Orsted 2006, Fredericia (Denmark), Acquired	Developer and operator of offshore wind farms and energy assets	-	ELM Responsible Investments, Equinor & 2 others	68/100
4th	Heliogen 2013, Pasadena (United States), Acquired	Producer of hydrogen and syngas using sunlight	$111M	Prime Movers Lab, ArcelorMittal & 23 others	66/100
5th	Elyse Energy 2020, Lyon (France), Series A	Production of e-methanol and sustainable aviation fuel	$126M	Hy24, Mirova & 3 others	66/100
6th	H3 Dynamics 2015, Singapore (Singapore), Series B	Provides aerial inspection services using drones	$39M	ACA Investments, Sumitomo Mitsui Banking Corporation ... & 13 others	65/100
7th	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
8th	Electric Hydrogen 2020, San Carlos (United States), Series C	Manufacturer of advanced electrolyzer systems for clean hydrogen production solutions	$603M	Fifth Wall, Energy Impact Partners & 26 others	64/100
9th	H2PRO 2019, Caesarea (Israel), Series B	Developer of technology for producing hydrogen from water	$180M	ArcelorMittal, Breakthrough Energy & 24 others	64/100
10th	Masdar 2006, Abu Dhabi (United Arab Emirates), Seed	Developer of renewable energy projects and low-carbon urban development solutions	-	Taaleri, Mubadala & 2 others	64/100
23rd	Peregrine Hydrogen 2023, Seattle (United States), Series A	Green hydrogen production	$15.3M	Presidio Ventures, Builders VC & 5 others	59/100