Fundraising FoxElement 1
Bend, US · Founded 2012 · Oregon corporation
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Element 1® Corp develops modular, on-demand hydrogen generation and purification technology that converts methanol into fuel cell grade hydrogen for transport fleets, marine vessels, EV charging stations, backup power, and material handling. The company licenses its technology to partners and serves clean-energy transportation and infrastructure markets.
Founders & leadership
Element 1 was founded in 2012 by David J. Edlund.
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David J. EdlundFounder
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Greg HaugenChief Financial OfficerGreg Haugen spent over 25 years in business operations, including a decade as Vice President of Finance and Administration at Advanced Power Technology, where he oversaw strategic acquisitions and an IPO. Since 2012, he has led finance and administration at Element 1 Corp, which develops hydrogen generation technology for fuel cell applications.
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Robert SchluterCo-founderRobert Schluter co-founded the company in 2010, serving as Chief Business Development Officer and later Chief Commercial Officer, and spent 2021 to 2024 as Managing Director of e1 Marine. He previously founded and led Pangaea Technology Resources, and earlier worked in sales at Windermere Builder Services and commercial appraisal at PGP Valuation; in 2025 he started Schluter Strategy Group, advising private equity firms, founders and boards.
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Dave Edlund Ph.D.Founder and CEO
Reported raises · per SEC filings
Form D private placements$950K disclosed across 2 rounds · 2016
▶$650KraisedApr 2016 · 1 investors · ManufacturingRule 506(b)
▶$650KraisedApr 2016 · 1 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- Robert SchluterExecutive Officer, Director
- Greg HaugenExecutive Officer, Director
- David J. EdlundExecutive Officer, Director
- Offering amount
- $650K
- Amount sold
- $650K
- Minimum investment
- $650K
- First sale
- Mar 2016
- Incorporated
- Corporation, Oregon, 2012
- Federal exemptions
- 06b
▶$300KraisedFeb 2016 · 3 investors · ManufacturingRule 506(b)
▶$300KraisedFeb 2016 · 3 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- David J. EdlundExecutive Officer, Director
- Robert SchluterExecutive Officer, Director
- Greg HaugenExecutive Officer, Director
- Offering amount
- $500K
- Amount sold
- $300K
- Minimum investment
- $50K
- First sale
- Feb 2016
- Incorporated
- Corporation, Oregon, 2012
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Frequently asked questions
- What does Element 1 do?
- Element 1® Corp develops modular, on-demand hydrogen generation and purification technology that converts methanol into fuel cell grade hydrogen for transport fleets, marine vessels, EV charging stations, backup power, and material handling. The company licenses its technology to partners and serves clean-energy transportation and infrastructure markets.
- Who founded Element 1?
- Element 1 was founded by David J. Edlund in 2012.
- How much funding has Element 1 raised?
- Element 1 has disclosed $950K raised across 2 rounds.
- Where is Element 1 headquartered?
- Element 1 is headquartered in Bend, US.