Hnpower
1 known investors
Korean manufacturer of solid-oxide fuel cell systems and hydrogen extractors, founded in 2009 and based in Daejeon.
Also known as HN Power · HnPower
Investors · 1
Company profile
researched Aug 2026HnPower is a South Korean energy equipment company established in 2009 that develops and manufactures solid-oxide fuel cell (SOFC) systems and hydrogen extraction equipment. Its technology base originates in SOFC and hydrogen extraction research received from KAIST in Daejeon.
The company has commercialized 3kW SOFC fuel cell systems, hydrogen extractors and diesel hydrogen extractors, which it supplies to the market. It integrates externally sourced fuel cell stacks into its own micro-combined heat and power (mCHP) systems. HnPower has stated plans to introduce 10kW SOFC systems and to extend its work into larger power-generation SOFC systems and solid oxide electrolysis cell (SOEC) technology.
Business model
HnPower manufactures and sells fuel cell and hydrogen equipment, integrating purchased SOFC stacks into finished 3kW mCHP systems and other units supplied to the Korean market.
Traction
Stack purchases from SolydEra grew from a handful in 2018 to a few dozen in the early years, then doubled in each of 2023 and 2024, with HnPower forecasting more than 200 stacks in 2024. The company anticipated revenue of 170 billion KRW by 2024.
Latest developments
In February 2024, HnPower and SolydEra publicized five years of cooperation, with both companies working on projects for 10kW and larger SOFC systems and HnPower preparing to introduce 10kW SOFC systems.
▸Full profile — market position, technology, geography, history
Market position
Described by its stack supplier as a long-standing participant in the Korean energy industry working on SOFC and hydrogen extraction, with commercialized products in the market and stated ambitions in power-generation SOFC and SOEC.
Technology
Core technologies are solid-oxide fuel cells and hydrogen extraction, originally received from KAIST. Products include 3kW SOFC systems, hydrogen extractors and diesel hydrogen extractors, with 10kW and larger SOFC power-generation systems and solid oxide electrolysis cell (SOEC) technology under development. Fuel cell stacks are supplied by SolydEra and integrated by HnPower into micro-combined heat and power systems.
Geography
Based in Daejeon, South Korea, with products supplied to the Korean market; stacks are shipped from its European supplier's plants to Asia.
History
Founded in 2009, HnPower built its business on SOFC and hydrogen extraction technologies received from KAIST in Daejeon. It began sourcing SOFC stacks from SolydEra in 2018, initially a small number of units integrated into 3kW mCHP systems, and has since expanded volumes and moved toward larger systems.
Compiled by commissioned research from 4 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsThe two companies publicized five years of SOFC stack supply and integration cooperation, noting stack volumes doubling in 2023 and 2024, a forecast of more than 200 stacks in 2024, and joint work on 10kW and larger SOFC systems.
HnPower began sourcing solid-oxide fuel cell stacks from SolydEra, integrating them into its 3kW micro-combined heat and power systems.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 4
primary sources listed
4 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Hnpower do?
- Korean manufacturer of solid-oxide fuel cell systems and hydrogen extractors, founded in 2009 and based in Daejeon.
- Who are Hnpower's investors?
- Hnpower's investors include Kiwoom Investment.