Company Overview
Snapshot
Founded in December 2013, Electriq operated with 11–50 employees. The company secured $24.88M in total capital across nine funding rounds from Horizon GreenTech Ventures. In February 2024, Electriq was awarded the Temasek Foundation's Disruptive Decarbonization Prize and selected by Amazon Web Services, highlighting its innovative approach to hydrogen storage and transport.
Business overview
Electriq specializes in developing sustainable energy solutions through its proprietary Electriq Powder, an energy-rich solid carrier for hydrogen. This technology enables the safe and efficient transportation, storage, and utilization of hydrogen under ambient and non-pressurized conditions. The company's innovations address critical challenges in the hydrogen economy, serving industries such as automotive, marine, and off-grid power generation, and operating within the broader Energy Tech, Climate Tech, and Material Innovations sectors.
Strategic signal
In February 2025, Electriq ceased operations, with employees turning to court due to unpaid salaries. This event signals a significant and immediate challenge for the company, indicating a complete halt in its forward trajectory and raising questions about the viability of its business model despite prior technological achievements and grant funding.
Log in to access full profile ›Company Intelligence Q&A
- What is Electriq's core technology?
- Electriq has developed Electriq Powder, an energy-rich solid carrier for hydrogen, enabling safe transport, storage, and use of hydrogen in ambient and non-pressurized conditions.
- What was a significant recent recognition for Electriq?
- In February 2024, Electriq was awarded the Temasek Foundation's Disruptive Decarbonization Prize and selected by Amazon Web Services, acknowledging its innovative climate solutions.
- Did Electriq receive any grants for its projects?
- 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?
- Electriq ceased operations in February 2025, leading to employees pursuing legal action over unpaid salaries.
- When was Electriq founded and what was its employee size?
- Electriq was founded in December 2013 and operated with 11–50 employees.