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Derek Warnick

Co-Founder and CFO

Derek Warnick - Co-Founder and CFO at Electric Hydrogen Co.



Professional Background:


  • Current Role: Co-Founder and Chief Financial Officer (CFO) at Electric Hydrogen Co. since January 2021.

  • Industry Experience: Over 15 years in the energy sector and clean technology startups.

  • Notable Positions:

  • Technical Consultant at The World Bank (2005)

  • Business Development Lead at EnerNOC

  • Advanced Product Manager at World Energy

  • Advisory Board Member at Leopard Capital LLC (2011)

  • CFO at FGE Power (2013)

  • Chief Operating Officer at Infinite Cooling (2018)

  • Strategic Advisor at Tank Utility (2019)

  • Company Builder at Breakthrough Energy (joined in 2019)

  • Patents: Holder of US Patent 8,386,369 for a method in energy efficiency (Issued February 26, 2013).


Educational Background:


  • MBA from MIT Sloan School of Management (2009), specializing in Clean Energy Finance.

  • BSBA in Finance and International Business from Georgetown University McDonough School of Business.


Accomplishments and Recognitions:


  • Electric Hydrogen Co. was recognized as the #3 Best Startup in America.

  • Led the official ribbon cutting for Electric Hydrogen's 100MW Electrolyzer Plant.


Company Overview - Electric Hydrogen Co.:


Electric Hydrogen aims to produce green hydrogen through cost-effective and scalable electrolyzers. The company has grown rapidly and currently employs over 250 people.

Key Events:


  • Founded: December 2020

  • Funding: Raised $380 million in Series C financing in October 2023, making it the first $1B green hydrogen startup.

  • Key Installations:

  • 1MW Electrolyzer Plant in San Carlos, CA (commissioned in 2022)

  • 10MW Electrolyzer Plant in San Jose, CA

  • Gigafactory in Devens, MA with an annual production capacity of 1.2GW.

  • Strategic Agreements:

  • $50 million equipment financing from Trinity Capital

  • $100 million credit facility from HSBC, J.P. Morgan, Stifel Bank, and Hercules Capital

  • $46.3M DOE Grant for electrolyzer manufacturing under the Bipartisan Infrastructure Law’s Clean Electrolysis Program.

  • Framework supply agreement for 1GW electrolyzer plants with The AES Corporation.


Leadership Team:


  • Raffi Garabedian - CEO and Co-Founder

  • David Eaglesham - CTO and Founder

  • Dorian West - Co-Founder

  • Renata Naoumov - Chief People Officer

  • Beth Deane - Chief Legal Officer

  • Jigish Trivedi - SVP of Operations

  • Jason Mortimer - SVP of Global Sales

  • Alex Panchula - VP of Product Management

  • Mujinga Mwamufiya - VP of Strategic Projects

  • Josh Stewart - VP of Customer Engineering and Deployment


Recent News:


  • March 2024: Electric Hydrogen announces $50 million in equipment financing in collaboration with Trinity Capital.

  • October 2023: Raised $380 million to transform the economics of green hydrogen production.

  • April 2024: Opened its electrolyzer gigafactory in Massachusetts.


Contact Information & Profiles:






This comprehensive profile underscores Derek Warnick's extensive experience and leadership in the energy and green hydrogen sector. His strategic vision and financial oversight have significantly contributed to the rapid growth and industry recognition of Electric Hydrogen.