Company Overview
Snapshot
Founded in October 2023 by Eyal Shalom, Prof. Alex Schechter, Prof. Idit Avrahami, and Evgeny Gamerman, Nugen operates with 1–10 employees. The company has raised $4.2 million across three funding rounds from Next Gear Ventures. In September 2025, Nugen secured a seed funding round.
Business overview
Nugen is developing distributed clean-energy infrastructure for data centers and critical infrastructure. The company utilizes a proprietary solid-state hydrogen platform to store, ship, and deliver power, addressing the growing demand for resilient onsite power as AI-driven load growth outpaces grid expansion. Nugen's technology provides long-duration, continuous power through compact, modular cartridges that are safe to handle and transport, eliminating the need for hydrogen pipelines, high-pressure storage, or cryogenic logistics. The platform scales from modular building blocks to multi-MW deployments, integrates with existing electrical infrastructure, and is designed for fast time-to-power in space-constrained and regulation-constrained environments. Nugen operates in the Energy Tech sector, focusing on renewable energy, data center efficiency, and critical infrastructure, with a business model that combines system deployments with recurring energy supply.
Company Intelligence Q&A
- What is Nugen's core technology?
- Nugen's core technology is a proprietary solid-state hydrogen platform designed to store, ship, and deliver zero-emission power for data centers and critical infrastructure.
- When was Nugen founded?
- Nugen was founded in October 2023.
- Who are the founders of Nugen?
- Nugen was co-founded by Eyal Shalom, Prof. Alex Schechter, Prof. Idit Avrahami, and Evgeny Gamerman.
- What is Nugen's approach to energy resilience?
- Nugen provides long-duration, continuous power through compact, modular cartridges that are safe to handle and transport, avoiding the logistical challenges of traditional hydrogen storage and enabling resilient onsite power for critical infrastructure.