Company Overview
Snapshot
Founded in December 2013, Electriq operated with 11–50 employees, raising a total of $24.88M across nine funding rounds. The company was awarded the Temasek Foundation's Disruptive Decarbonization Prize in February 2024, recognizing its innovative approach to hydrogen storage and transport.
Business overview
Electriq specializes in developing sustainable energy solutions, focusing on hydrogen as an alternative to fossil fuels. The company's core technology involves Electriq Powder, an energy-rich powder that acts as a solid carrier for hydrogen, enabling its safe and efficient transport and storage under ambient, non-pressurized conditions. Electriq serves various applications within the Energy Tech sector, particularly addressing challenges in hydrogen transportation infrastructure and promoting its widespread use as a renewable energy source.
Strategic signal
In February 2025, Electriq ceased operations, with employees turning to the court due to unpaid salaries. This indicates a significant operational failure and financial distress, signaling to investors and innovation teams the challenges faced by the company in sustaining its business model despite prior technological recognition and grant funding.
Log in to access full profile ›Company Intelligence Q&A
- What is Electriq's primary technology?
- Electriq developed Electriq Powder, an energy-rich powder designed to serve as a solid carrier for hydrogen, enabling its safe and non-pressurized transport and storage.
- What significant recognition did Electriq receive in early 2024?
- In February 2024, Electriq was awarded the Temasek Foundation's Disruptive Decarbonization Prize and was selected by Amazon Web Services, highlighting its innovative contributions to climate solutions.
- Did Electriq receive any grants for its hydrogen technology?
- In October 2023, Electriq received a grant from the Netherlands Enterprise Agency to support the construction of a hydrogen powder plant in Amsterdam.
- What was the outcome of Electriq's operations in early 2025?
- In February 2025, Electriq ceased to operate, leading to employees turning to the court due to unpaid salaries.
- When did Electriq launch its 'Joshua' product?
- In September 2022, Electriq successfully launched its 'Joshua' product in Amsterdam.