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Monday, February 21, 2005; Page E05

Name: H2Gen

Location: Alexandria

Big idea: Designs and manufactures small-scale hydrogen generators that convert natural gas to hydrogen.

_____Start-up Archive_____
Chemistry Seems Right for Alexandria Firm (The Washington Post, Feb 21, 2005)
(The Washington Post, Feb 14, 2005)
PharmAthene Battles Anthrax (The Washington Post, Feb 14, 2005)
In Profile (The Washington Post, Feb 7, 2005)

Founded: 2001

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.

Employees: 22

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.


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