Big idea: Designs and manufactures small-scale hydrogen generators that convert natural gas to hydrogen.
Web site: www.h2gen.com
Who's in charge: Barney Rush, chief executive officer; C.E. "Sandy" Thomas, president; Franklin D. Lomax Jr., vice president of technology; and Gregory S. Carr, director of sales and marketing.
Funding: The company has raised a total of $18.4 million from 10 different investors, including venture capital funds At Ventures, Calvert Group Ltd., Chrysalix Energy Limited Partnership, Commons Capital, Hydrogenica Partners, Micro-Generation Technology Fund and Nth Power Technologies.
Partners: The company partnered with Sudchemie of Germany to develop the catalysts used in H2Gen's generator. The company has also signed a commercial agreement with Itochu Corp. of Tokyo, which is also an investor, for exclusive rights to sell and distribute the machines in Japan.
Big-name clients: Rush said his company is in the advanced stages of negotiation with six major industrial gas companies.
Origin of company name: "It's generating hydrogen, H2Gen," Rush said.