GenCell Overview
GenCell Energy develops hydrogen and ammonia-based alkaline fuel cell systems that provide zero-emission power for backup, off-grid, and distributed energy applications. Its solutions include long-duration backup systems for telecom and utility infrastructure, off-grid power units that extract hydrogen from ammonia on-site, and hybrid systems for electric vehicle charging and disaster response. GenCell’s proprietary technologies enable on-demand hydrogen generation from anhydrous ammonia, eliminating the need for high-pressure hydrogen storage and transport. The company’s alkaline fuel cells utilize non-platinum catalysts and operate reliably in extreme weather conditions, supporting resilient, low-maintenance energy supply across diverse environments.
Cumulative Funding Raised Over Time ($)
$14.3MApr 2021
$24.3MJan 2020
$60.1MJan 2022
$60.1MJun 2017
Latest News
growth-positive
Middle Eastern Opportunities: Gencell And 2 More Promising Penny Stocks
GenCell Ltd., a company developing fuel cell-based energy systems, is navigating the penny stock market with a market cap of ₪30.41 million. Despite being unprofitable, the company maintains a strong financial position with no debt and short-term assets exceeding liabilities. GenCells strategic alliance for the EVOX system indicates potential growth in high-capacity power solutions for automotive logistics. However, the company faces financial sustainability concerns with a cash runway of less than a year. The article highlights the potential for growth in penny stocks, supported by solid financials, amidst rising oil prices and global market optimism.
Product StagePartners
growth-negative
Middle Eastern Market Insights: Elbit Medical Technologies And Two Other Promising Penny Stocks
Elbit Medical Technologies Ltd, an investment holding company in the medical systems sector, has a market cap of ₪16.78 million. Despite becoming profitable last year, the company has faced significant earnings decline over the past five years, reporting a net loss for the half year ending June 2025. The company benefits from having no debt and stable short-term financials but struggles with high volatility and a low return on equity of 3.5%. Its share price has been highly volatile, reflecting uncertainties in its business operations.
Product Stage
growth-positive
Advanced Parking Technologies and GenCell Commission EVOX® at Michigan Technical Resource Park to Demonstrate Yard Management Solutions for Automotive OEMs
GenCell Inc., a subsidiary of GenCell Ltd., has partnered with Advanced Parking Technologies (APT) to showcase the capabilities of their hydrogen-fueled EVOX power generation and storage solution. This partnership aims to address the U.S. power gap by providing high-capacity, zero-emission distributed charging solutions for yard management operations. The EVOX system, recently commissioned at the Michigan Technical Resource Park, offers significant improvements in vehicle throughput and operational efficiency. It integrates hydrogen fuel cells, battery storage, and power conversion technology to deliver fast DC charging, even in off-grid scenarios. The collaboration with APT will demonstrate EVOXs potential to automotive OEMs and logistics providers, highlighting its ability to enhance fleet readiness and sustainability.
PartnersProduct StageCustomers
growth-positive
Islamic Arab Insurance (Salama) PJSC And 2 More Middle Eastern Penny Stocks With Strong Fundamentals
Islamic Arab Insurance Co. (Salama) PJSC, a company offering general, family, health, and auto takaful solutions across Africa and Asia, has recently transitioned to profitability. It reported a net income of AED 6.67 million for Q2 2025, up from AED 0.685 million the previous year. Despite this positive shift, the company faces financial challenges, with short-term assets not covering long-term liabilities and a low return on equity of 3.5%. The boards average tenure is only two years, indicating limited experience. However, the companys stable weekly volatility and debt-free status provide some stability.
growth-negative
Middle Eastern Penny Stocks To Watch In August 2025
Al Waha Capital PJSC, a private equity firm with a market cap of AED2.99 billion, manages assets across various sectors including financial services, fintech, healthcare, and more. Despite achieving profitability over the past five years with a 30.3% annual earnings growth, the company recently experienced a 44.3% decline in earnings. While it maintains strong liquidity, its negative operating cash flow affects its debt coverage capabilities. The companys low return on equity of 6.6% and a price-to-earnings ratio suggest potential undervaluation compared to the broader AE market average. The article highlights the mixed financial performance of Al Waha Capital PJSC amidst a downturn in Middle Eastern markets.
| Sector | Energy Tech |
Funding
| Total funding | $122.84M |
| Last funding | $35.84M |
| Stage | Public |
| Rounds | 8 |
| Investors | 6 |
Team Members
3
Employees: 51-200
Web & Social Links
| Website | www.gencellenergy.com/ |
| Careers | Careers page |
Locations
HaTnufa Street 7, Petah Tikva, Israel
12100 Wilshire Blvd, Los Angeles, CA 90024, USA
Photos & Videos
6 item(s)
GenCell Business
Business models
B2B, B2G
Product stage
Released
Employees
51-200
Sector
Climate TechEnergy TransitionHydrogenClean Energy GenerationEnergy TechEnergy Production & SourcesAutomotive & Mobility TechnologiesElectric Mobility & Alternative FuelsTarget Customer
Transportation & LogisticsTransportation InfrastructureEnergy, Utilities & Waste ManagementUtilitiesElectricityNew FuelsHydrogenDefense, Safety & SecuritySecurityHomeland SecurityNational SecurityMilitaryCommunication ServicesWireless & MobileCore Technology
—Tags (24)
energybatteriespower-suppliesfuelssmart-citynanotechnologyclimate-techwaterhydrogenschoolselectric-utilitiesmanufacturing-facilitieshospitalsalternative-fuelsrenewable-energyenergy-storagesmart-mobilityfirst-respondersfuel-cellautomotivecommercial-siteshomeland-securityoff-gridenergytechGeographic Markets
North AmericaEuropeGenCell Financials
$122.84M
Total funding
Undisclosed
Capital raised
$35.84M
Last funding
Public
Funding stage
8
Total rounds
6
Investors
Cumulative Funding Raised Over Time ($)
$14.3MApr 2021
$24.3MJan 2020
$60.1MJan 2022
$60.1MJun 2017
Private Equity Funding
PIPE
Jan 2022
$35.84M
Harel-Hertz Investments House, Migdal Insurance and Financial Holdings, Meitav Dash Loans
PIPE
Apr 2021
$14.3M
BNP Paribas (Lead)
C Round
Jan 2020
$10M
Paz
Undisclosed Round
Jun 2017
Undisclosed
Landa Ventures
Non-Equity Funding
GrantEvent
Sep 2018
$1.7M
BIRD Foundation
GrantEvent
Jan 2014
Undisclosed
BIRD Foundation
GrantEvent
Undisclosed
Israel Innovation Authority
Public Offering / Exit
POEvent
Nov 2020
Undisclosed
GenCell Lifecycle
Cumulative Funding Raised Over Time
$14.3MApr 2021
$24.3MJan 2020
$60.1MJan 2022
$60.1MJun 2017
All Events
PIPE
Jan 2022
$35.84M
Harel-Hertz Investments House, Migdal Insurance and Financial Holdings, Meitav Dash Loans
PIPE
Apr 2021
$14.3M
BNP Paribas (Lead)
C Round
Jan 2020
$10M
Paz
Undisclosed Round
Jun 2017
Undisclosed
Landa Ventures
GrantEvent
Sep 2018
$1.7M
BIRD Foundation
GrantEvent
Jan 2014
Undisclosed
BIRD Foundation
GrantEvent
Undisclosed
Israel Innovation Authority
POEvent
Nov 2020
Undisclosed
GenCell News
67 articles
growth-positive
Middle Eastern Opportunities: Gencell And 2 More Promising Penny Stocks
GenCell Ltd., a company developing fuel cell-based energy systems, is navigating the penny stock market with a market cap of ₪30.41 million. Despite being unprofitable, the company maintains a strong financial position with no debt and short-term assets exceeding liabilities. GenCells strategic alliance for the EVOX system indicates potential growth in high-capacity power solutions for automotive logistics. However, the company faces financial sustainability concerns with a cash runway of less than a year. The article highlights the potential for growth in penny stocks, supported by solid financials, amidst rising oil prices and global market optimism.
Product StagePartners
growth-negative
Middle Eastern Market Insights: Elbit Medical Technologies And Two Other Promising Penny Stocks
Elbit Medical Technologies Ltd, an investment holding company in the medical systems sector, has a market cap of ₪16.78 million. Despite becoming profitable last year, the company has faced significant earnings decline over the past five years, reporting a net loss for the half year ending June 2025. The company benefits from having no debt and stable short-term financials but struggles with high volatility and a low return on equity of 3.5%. Its share price has been highly volatile, reflecting uncertainties in its business operations.
Product Stage
growth-positive
Advanced Parking Technologies and GenCell Commission EVOX® at Michigan Technical Resource Park to Demonstrate Yard Management Solutions for Automotive OEMs
GenCell Inc., a subsidiary of GenCell Ltd., has partnered with Advanced Parking Technologies (APT) to showcase the capabilities of their hydrogen-fueled EVOX power generation and storage solution. This partnership aims to address the U.S. power gap by providing high-capacity, zero-emission distributed charging solutions for yard management operations. The EVOX system, recently commissioned at the Michigan Technical Resource Park, offers significant improvements in vehicle throughput and operational efficiency. It integrates hydrogen fuel cells, battery storage, and power conversion technology to deliver fast DC charging, even in off-grid scenarios. The collaboration with APT will demonstrate EVOXs potential to automotive OEMs and logistics providers, highlighting its ability to enhance fleet readiness and sustainability.
PartnersProduct StageCustomers
growth-positive
Islamic Arab Insurance (Salama) PJSC And 2 More Middle Eastern Penny Stocks With Strong Fundamentals
Islamic Arab Insurance Co. (Salama) PJSC, a company offering general, family, health, and auto takaful solutions across Africa and Asia, has recently transitioned to profitability. It reported a net income of AED 6.67 million for Q2 2025, up from AED 0.685 million the previous year. Despite this positive shift, the company faces financial challenges, with short-term assets not covering long-term liabilities and a low return on equity of 3.5%. The boards average tenure is only two years, indicating limited experience. However, the companys stable weekly volatility and debt-free status provide some stability.
growth-negative
Middle Eastern Penny Stocks To Watch In August 2025
Al Waha Capital PJSC, a private equity firm with a market cap of AED2.99 billion, manages assets across various sectors including financial services, fintech, healthcare, and more. Despite achieving profitability over the past five years with a 30.3% annual earnings growth, the company recently experienced a 44.3% decline in earnings. While it maintains strong liquidity, its negative operating cash flow affects its debt coverage capabilities. The companys low return on equity of 6.6% and a price-to-earnings ratio suggest potential undervaluation compared to the broader AE market average. The article highlights the mixed financial performance of Al Waha Capital PJSC amidst a downturn in Middle Eastern markets.
growth-negative
Islamic Arab Insurance (Salama) PJSC And 2 Other Promising Middle Eastern Penny Stocks
Islamic Arab Insurance (Salama) PJSC, a company offering takaful solutions across Africa and Asia, is experiencing financial challenges despite having been profitable over the past five years. The company reported a net loss of AED0.974 million for Q1 2025, contrasting with a net income of AED10.12 million the previous year. Salamas return on equity is low at 2.2%, and while short-term assets exceed short-term liabilities by AED315.4 million, long-term liabilities are not fully covered, indicating potential financial risks. The companys market cap stands at AED373.72 million, and it operates in the released product stage.
growth-negative
Al Waha Capital PJSC And 2 Other Middle Eastern Penny Stocks To Watch
Al Waha Capital PJSC, a private equity firm with a market cap of AED2.85 billion, recently reported a decline in Q1 2025 earnings, with revenue of AED329.87 million and net income of AED80.98 million, both down from the previous year. Despite the negative earnings growth and a low return on equity of 6.6%, the company has demonstrated financial stability by significantly reducing its debt-to-equity ratio over the past five years. While dividends are not well covered by free cash flow, the companys short-term assets comfortably cover its liabilities, indicating resilience amidst challenging conditions in the capital markets sector.
growth-negative
Middle Eastern Penny Stocks To Watch With Market Caps Over US$3M
The article discusses the performance of Middle Eastern markets, particularly focusing on penny stocks and their potential for growth. Al Waha Capital PJSC, a private equity firm with a market cap of AED2.74 billion, is highlighted for its financial management and asset management across various sectors. Despite reducing its debt-to-equity ratio and maintaining a strong asset position, the company faces challenges with declining net profit margins and negative earnings growth. The firms recent earnings report shows a decrease in net income from AED440.1 million to AED381.28 million, indicating difficulties in profit growth. The article provides insights into Al Waha Capitals financial health and historical performance.
growth-positive
Airtouch Solar Leads The Pack Of 3 Middle Eastern Penny Stocks
Airtouch Solar Ltd, a company specializing in autonomous water-free robotic cleaning solutions for solar panels, has shown significant revenue growth despite remaining unprofitable. The company reported a revenue of ILS 45.32 million for the year ending December 2024, up from ILS 16.26 million previously, while reducing its net loss to ILS 5.46 million from ILS 20.04 million the previous year. Airtouch Solar maintains a healthy financial position with more cash than total debt and assets exceeding liabilities by substantial margins. The companys financial health is rated positively, indicating potential for future growth despite current losses.
growth-positive
Ron Cardwell Appointed President, GenCell Inc. to Bolster Company's Primary Focus on U.S. Market
GenCell Energy has appointed Ron Cardwell as the President of its U.S. subsidiary, GenCell Inc., to enhance its focus on the U.S. market. Cardwell, with over 25 years of experience in the energy sector, is expected to drive growth by strengthening market position, expanding the sales pipeline, and developing strategic partnerships. His background includes leading high-growth companies and executing mergers and acquisitions. Cardwells appointment is part of GenCells strategy to deliver resilient and sustainable power solutions to address the U.S. grid power gap. The company aims to scale its operations and increase its market presence in the U.S. by 2024.
Management ChangesExpand
growth-positive
/PRNewswire/ -- GenCell Energy, (TASE: GNCL), the leading provider of hydrogen to power fuel cell and related solutions, proudly announces the appointment of...
GenCell Energy has appointed Ron Cardwell as President of its U.S. subsidiary, GenCell Inc., to expand its presence in the U.S. market. Cardwell, with over 25 years of experience in the energy sector, is expected to strengthen GenCells market position and product portfolio. His appointment is part of GenCells strategy to address the U.S. power gap with resilient and sustainable power solutions. GenCell, known for its hydrogen-to-power fuel cell technologies, aims to leverage Cardwells expertise to accelerate growth and expand its sales and marketing operations in North America. The company is focusing on deploying its GenCell EVOX solution to meet the demand for reliable and sustainable power solutions.
Management ChangesExpand
growth-negative
Promising Penny Stocks To Consider In January 2025
Water Oasis Group Limited, operating beauty services centers in Hong Kong, Macau, and China, has experienced a decline in net income to HK$68.29 million for the year ending September 30, 2024, from HK$110.32 million the previous year. This decline is attributed to one-off losses and increased expenses. Despite the challenges, the company remains debt-free with a high return on equity of 21.9%. However, its short-term assets do not fully cover its short-term liabilities, and dividend sustainability is unstable due to declining profit margins and earnings growth challenges. The company operates in two main segments: product sales and service offerings, with the latter generating more revenue.
growth-positive
/PRNewswire/ -- GenCell® Energy, (TASE: GNCL), a leading provider of hydrogen-to-power solutions, announced today that based on an order received by GenCell's...
GenCell Energy announced a significant order from its partner in Mexico, Comisión Federal de Electricidad (CFE), for the deployment of GenCell REX™ backup power units. This $4.4 million order is part of a multi-phase project aimed at enhancing the resilience of CFEs substations with zero-emission, hydrogen-fueled backup power. The rollout, which will be completed by 2025, includes advanced cybersecurity features and AI-driven energy management software. This development underscores CFEs commitment to transitioning to clean energy and fortifying its distribution network against climate disruptions.
CustomersPartners
growth-positive
GenCell to Supply Additional Units Valued at US$4.4m to CFE, the Largest Utility in North America, Further Expanding Deployment of its Long-duration Substation Backup Solution
GenCell Energy announced a repeat order worth $4.4 million from Comisión Federal de Electricidad (CFE), Mexicos state-owned utility and the largest utility in North America. This order is part of a multi-phase project to deploy GenCell REX™ backup power units across Mexico. The units are designed to provide weather-resilient, zero-emission, long-duration backup power to CFEs substations. The project, which includes collaboration with local partner GenCell Energy de Mexico, aims to be completed by 2025. The GenCell REX units feature AI-driven energy management software and meet stringent cybersecurity and regulatory requirements.
CustomersPartners
growth-positive
CFE the Largest Utility in North America Expands Deployment of GenCell's Long-duration Substation Backup Solution
GenCell Energy, a provider of hydrogen-to-power solutions, has announced that Comisión Federal de Electricidad (CFE), Mexicos state-owned utility, has ordered additional GenCell REX backup power units. This follows a successful collaboration between CFE, GenCell, and Gncell Mexico to optimize substation operations. The GenCell REX units provide zero-emission, long-duration backup power to CFEs substations during grid outages. CFE has now decided to double its initial order of units. The project has enhanced resilience, digitization, automation, predictive maintenance, and network modernization.
PartnersCustomersExpand
growth-positive
California Mobility Center Deploys First GenCell EVOX® for Fast DC EV Charging in Sacramento
The California Mobility Center (CMC) and GenCell have partnered to demonstrate the zero-emission GenCell EVOX bridge power solution for fast EV charging at CMCs Sacramento facility throughout 2024. The GenCell EVOX combines hydrogen fuel cells generating 240kWh/day with 372 kWh of lithium-ion batteries and proprietary AI-driven DERMS software to provide reliable, long-duration, grid-independent climate-resilient power for critical applications. The collaboration aims to advance research and development and adoption of zero-emission vehicles, address related workforce challenges and advance expansion of clean energy and transportation technologies in Sacramento and beyond.
PartnersExpand
growth-positive
California Mobility Center Deploys First GenCell EVOX® for Fast DC EV Charging in Sacramento
GenCell has partnered with the California Mobility Center (CMC) to demonstrate its GenCell EVOX DER solution for fast EV charging at CMCs Sacramento facility throughout 2024. This partnership aims to showcase a zero-emission, hydrogen-based power solution that integrates AI-driven software for reliable, grid-independent power. The collaboration supports CMCs goals of promoting clean energy and transportation technology, reducing emissions, and providing workforce development opportunities. The initiative is expected to advance the adoption of zero-emission vehicles and clean mobility options, particularly in under-resourced communities, while ensuring grid stabilization during emergencies.
Partners
growth-positive
GenCell Wows Austin Crowd of Energy Professionals with Hydrogen-Fueled Products that Will Revolutionize Grid Resilience and Disaster Response
On May 21, GenCell, a leading provider of Hydrogen2Power technologies, hosted a demonstration of its hydrogen fuel products, GenCell EVOX and GenCell REX, in the U.S. The products are designed to supplement the grid for EV charging and provide backup power for facilities and critical EV fleets. The event was attended by representatives from various organizations, including The Texas Commission on Environmental Equality, GE Vernova, the University of Texas at Austin, and the City of Austin Fire Department. The attendees discussed the potential of hydrogen to overcome the constraints limiting grid resilience and the need for innovation in the energy sector.
CustomersPartners
growth-positive
Significant Vote of Confidence in GenCell: The Federal Electricity Commission of the State of Mexico CFE Purchases Additional Units of the GenCell Backup Power Solution in a deal valued at ~$4.5 million
GenCell Energy, a provider of Hydrogen2Power and Ammonia2Power solutions, has received a repeat order from the Federal Electricity Commission of the State of Mexico (CFE) valued at approximately $4.5 million. The order is for the supply and delivery of multiple additional GenCell systems and services. The company plans to deliver the systems to its local partner in Mexico by the end of 2023. This deal follows the successful delivery and operation of 74 of the companys systems over the last two years. CFE has the option to double the volume of the order for another ~$4.5 million.
PartnersExpand
growth-positive
Significant Vote of Confidence in GenCell: The Federal Electricity Commission of the State of Mexico CFE Purchases Additional Units of the GenCell Backup Power Solution in a deal valued at ~$4.5 million
GenCell Energy, a provider of Hydrogen2Power and Ammonia2Power solutions, has received a repeat order from the Federal Electricity Commission of the State of Mexico (CFE) valued at approximately $4.5 million. The order is for the supply and delivery of multiple additional GenCell systems and services. The company plans to deliver the systems to its local partner in Mexico by the end of 2023. The deal follows the successful delivery and operation of 74 of the companys systems over the last two years. The additional units will provide backup power to CFE substations.
PartnersCustomersExpand
growth-positive
At COP 28 GenCell Presents its Green, Grid-independent EV Charging Solution and Vision towards GreenFSG
GenCell Energy, a leading provider of hydrogen and ammonia power solutions, will present at the Amazon Web Services (AWS) Clean Energy Accelerator (CEA) Innovation Showcase. The company will feature its innovative zero-emission, green-independent EV charging solutions and its vision to enable GreenFSG circular energy economies. GenCells CEO, Rami Reshef, will present the companys strategy for evolving and developing its Hydrogen2Power™, Ammonia2Power™ and Water2Power™ technologies and solutions. The company is focused on solving immediate real-world energy problems and envisions a revolutionary approach to producing and consuming clean energy anywhere.
CustomersPartners
growth-positive
At COP 28 GenCell Presents its Green, Grid-independent EV Charging Solution and Vision towards GreenFSG
GenCell Energy, a leader in hydrogen and ammonia power solutions, is set to present at the AWS Clean Energy Accelerator Innovation Showcase in Dubai. The company will highlight its zero-emission EV charging solutions and its vision for GreenFSG circular energy economies. GenCells CEO, Rami Reshef, will discuss the companys innovative technologies, including Hydrogen2Power, Ammonia2Power, and Water2Power, which aim to solve real-world energy problems and contribute to net-zero goals by 2030. The event aligns with GenCells mission to accelerate the energy transition and combat climate change. Additionally, GenCells Communications Strategist, Shelli Zargary, received an award for her efforts in improving the gender-energy nexus.
Partners
growth-positive
GenCell: Representing Israel's hydrogen green energy at COP28
Israeli company GenCell has developed a technology that transforms expensive space program technology into something affordable and usable for terrestrial applications. The companys fuel cells, which produce electricity by combining hydrogen with oxygen, have been used in 22 countries as a cleaner and more sustainable solution for backup power needs. GenCells next breakthrough was the development of an ammonia cracker, allowing for the extraction of hydrogen from ammonia on demand. The company is now creating backup and off-grid power products catering to the telecom market and EV charging providers. The companys ultimate goal is green self-sufficiency, producing green, carbon footprint-free ammonia where needed.
CustomersPartnersExpand
Growth-Positive
GenCell Announces Achievement of Significant Progress in the Development of an Innovative Process for the Synthesis of Green Ammonia
GenCell has made significant progress in its green ammonia synthesis process, achieving 50% Faradaic efficiency compared to the traditional 25%. This breakthrough could potentially lower the cost of green ammonia production. The company plans to submit a patent application for this invention. GenCells partner, TDK Corporation, has expressed its intention to continue investing in the project. The green ammonia market is forecasted to grow at a CAGR of 72.6%, reaching approximately $70 billion by 2032.
InvestmentPartners
growth-positive
GenCell Announces Publication of Inaugural ESG Report for 2022
GenCell Energy has released its inaugural Environmental, Social and Corporate Governance (ESG) Report for 2022. The report reflects GenCells commitment to sustainability and clean energy targets, as well as advancing social and corporate governance objectives. The company has set goals based on three pillars: Impactful Products, Responsible Manufacturing, and Management & Conduct. GenCell aims to measure and prevent CO2 emissions, achieve net-zero emissions by 2035, and increase gender diversity within its Board of Directors. The report is part of GenCells larger ESG strategy and demonstrates the companys efforts to create a cleaner energy future. GenCell Energy develops green power solutions based on alkaline fuel cells, hydrogen, ammonia, and water-to-power technologies.
Management Changes
growth-positive
Amazon To Mentor Israeli Clean Energy Startup
Clean energy startup GenCell has been selected for a mentoring program by Amazon. The program aims to foster innovation and the rapid growth of clean energy technologies. GenCell will work with leading energy organizations to address clean energy and decarbonization challenges. Amazons AWS data center will provide support by accelerating experimentation and delivering insights through the cloud. The startups will showcase their innovations at the 2023 United Nations Climate Change Conference. GenCell produces clean hydrogen gas from liquid ammonia using a catalyst. The company is excited to join the program and contribute to the future of clean energy innovation.
PartnersInvestment
growth-positive
GenCell Energy Selected for the AWS Clean Energy Accelerator 3.0
GenCell Energy, a provider of hydrogen and ammonia power solutions, has been selected to participate in the Amazon Web Services (AWS) Clean Energy Accelerator 3.0. The program is designed to facilitate collaborations with mature startups developing breakthrough clean energy technologies. The AWS Clean Energy Accelerator 3.0 is focused on fostering innovation and rapid growth of clean energy technology to address the global climate crisis. The program will include 12 weeks of virtual and in-person programming, kicking off in Seattle in April. The program will culminate with the Innovation Showcase at the 2023 United Nations Climate Change Conference (COP 28) next November in Dubai.
PartnersExpand
growth-positive
GenCell launches off-grid power solution to solve range anxiety for EV drivers anytime, anywhere
GenCell Energy has launched GenCell EVOX™, an off-grid EV charging solution that uses alkaline fuel cells, hydrogen, and ammonia to provide green, grid-independent power. The solution aims to address range anxiety and grid limitations by offering charging services anywhere, especially in remote areas with inadequate grid connectivity. As the demand for electricity from EVs increases, power grids face financial and logistical stress. The GenCell EVOX™ solution can service up to ten 75kW DC fast chargers and ensures a reliable flow of power in any weather conditions. The company has already deployed off-grid EV charging stations in Israel and plans to continue expanding its EV charging infrastructure. GenCell Energy aims to accelerate the adoption of EVs and decarbonize transportation.
CustomersInvestment
growth-positive
GenCell Energy, Simtel and Vodafone deploy GenCell FOX™ field test at mobile site in Romania
GenCell Energy and SIMTEL Team have successfully deployed a GenCell FOX™ ammonia-based off-grid power solution field test at a live Vodafone mobile telecom tower site in Romania. The GenCell FOX is a low-temperature alkaline fuel cell that generates power from liquid ammonia. The field test aimed to evaluate the solutions performance, resilience, and cost-saving potential. Initial results indicate that the system operated reliably and provided the required power output throughout the test period. The solution is expected to help operators implement renewable power solutions directly at mobile sites, even in remote locations and harsh weather conditions. Vodafone plans to showcase the solution to different business units.
PartnersCustomers
GenCell Energy, Simtel and Vodafone deploy GenCell FOX™ field test at mobile site in Romania
growth-positive
GenCell Energy Collaborates with Milani S.p.A. to Maximize Market Penetration of its Alkaline Fuel Cell Technology for Powering Critical Applications in Commercial and Industrial Buildings (C&I) Across Europe
GenCell Energy has entered a market cooperation with Milani S.p.A., a leading Italian provider of electrical and ELV systems engineering, installation, and maintenance. The partnership aims to maximize the market penetration of GenCells zero-emission hydrogen-to-power and ammonia-to-power alkaline fuel cell technologies for critical applications in commercial and industrial buildings throughout Italy and Europe. Milani has deployed its first GenCell BOX hydrogen-to-power backup power solution at its corporate headquarters to demonstrate the complementary offering for building decarbonization. The partnership aligns with Milanis strategy to deliver resilient, sustainable decarbonization systems to its customers and significantly grow the joint install base. GenCell is encouraged by the interest and cooperation from Milani and believes that together they can drive urban decarbonization and advance carbon neutrality objectives.
Partners
GenCell Energy Collaborates with Milani S.p.A. to Maximize Market Penetration of its Alkaline Fuel Cell Technology for Powering Critical Applications in Commercial and Industrial Buildings (C&I) Across Europe
growth-positive
GenCell Energy Enters Strategic Partnership with ONEC Group to Grow Presence in North America
GenCell Energy has entered into a strategic partnership with the ONEC Group, a Canadian project delivery company, to expand the presence of GenCells backup and off-grid power solutions in North America. ONEC has purchased three GenCell BOX™ backup power solutions to kickstart the collaboration. The partnership aims to drive hydrogen and ammonia-to-power projects in sectors such as telecom, oil and gas, electric utilities, and EV charging. The ONEC Group is committed to net zero emissions by 2050 and sees the potential for hydrogen fuel cells to provide reliable, long-duration power while reducing emissions. GenCell believes that ONECs dedication to sustainability objectives and engineering expertise make them an optimal partner. The collaboration will help grow the hydrogen economy in the region and create a strong customer base.
Partners
growth-positive
GenCell Achieves a Significant Scientific Breakthrough in Its Innovative Green Ammonia Synthesis Development Project
GenCell Energy announces a significant scientific breakthrough in the production of green ammonia. TDK Corporation, the Japanese technology provider, plans to continue investing in the green ammonia synthesis project. The breakthrough allows for the production of green ammonia directly from water at low temperature and pressure. GenCell believes that this new process will expand the availability of green ammonia for various uses, including as a fuel, fertilizer, and resource for different industries. The project aims to provide an emission-free alternative to traditional ammonia production processes and help companies achieve their carbon neutrality targets. GenCell Energy develops total green power solutions based on alkaline fuel cells and green ammonia-to-energy technology.
Investment
growth-positive
Deutsche Telekom and GenCell complete 'zero emission' mobile site fuel cell tests
Deutsche Telekom and GenCell have successfully completed lab tests of a hydrogen-based backup power system for mobile sites, known as GenCell Box. The tests were conducted at GenCells facility in Tel Aviv and are part of a project to develop and validate zero-emission fuel cell setups. The next phase of the project will involve implementing and testing the green power technology in real-world scenarios by integrating GenCell units into working mobile sites. The companies will showcase their mobile power solutions at the upcoming MWC event.
PartnersExpand
growth-positive
Fuel cell solutions co GenCell raises NIS 112.5m
Israeli hydrogen and ammonia fuel cell solutions company GenCell Energy has raised NIS 112.5 million through a private placement of shares to support the expansion of its business activities. The funds will be used for various purposes, including the development of green ammonia, strategic cooperation with Deutsche Telekom, and the advancement of activities in the field of charging stations for electric vehicles. Harel Group, Migdal Insurance, and Meitav-Dash are among the investors in the funding round. GenCell Energy aims to achieve commercial maturity in 2022.
Investment
growth-positive
גנסל בשת"פ עם ABB: יקדמו מערכות גיבוי חשמל מבוססות מימן
Israeli green energy company, גנסל, has signed a strategic partnership agreement with international corporation ABB to promote and market backup energy systems. The partnership will focus on various sectors such as railways, hospitals, commercial buildings, data centers, and telecommunications. גנסל estimates that the collaboration with ABB will bring the company into new sectors and shorten the time it takes to reach new customers and territories. The partnership may also lead to the development of innovative technical solutions for different needs and assist in the companys business promotion according to its goals and strategy.
Partners
growth-positive
"בסוף 2022 גנסל תציע מוצר של תא דלק ללא מתכות יקרות"
GenCell, an Israeli cleantech startup, has seen significant growth in recent years, with its shares trading at a value of around 970 million shekels. The company, which develops and manufactures fuel cells, raised 205 million shekels in an initial public offering in November 2020, reflecting a value of about 800 million shekels. In April this year, it raised an additional 47 million shekels by allocating shares to international institutional investors, including BNP Paribas and Japanese giant TDK. GenCell, which currently employs around 120 people, is expected to double its revenue in the coming year.
InvestmentPublic TradingExpand
growth-positive
GenCell and E.V. Motors Partner to Facilitate Autonomous Hybrid Off-Grid EV Charging
GenCell Energy has signed an agreement with E.V. Motors to develop a joint project integrating GenCells alkaline fuel cells with E.V. Motors electric vehicle charging technologies. The project aims to create autonomous off-grid hybrid electric vehicle charging stations that eliminate the need for fossil fuel backup generators. The collaboration will contribute to meeting the global demand for EV charging infrastructure, which is expected to exceed $207 billion by 2030. The joint system is expected to be deployed in Israel by the first half of 2022, with potential expansion to other territories. The partnership will provide a reliable, clean, and effective solution for EV charging, disrupting the EV charging landscape.
Partners
growth-positive
GenCell Commemorates National Hydrogen and Fuel Cell Day
GenCell Energy, a leading Israel-based manufacturer of fuel cell energy solutions, celebrates National Hydrogen and Fuel Cell Day. The company is a member of various hydrogen and fuel cell associations and is well-positioned to take a leadership role in the emerging hydrogen economy. GenCell has achieved notable accomplishments, including winning tenders, deploying off-grid solutions, signing framework agreements, receiving investments, and obtaining permits. The company is actively involved in the development of the Israeli hydrogen industry and is committed to a green power solution based on green ammonia. GenCell has moved its headquarters to larger office space and is focused on strategic growth. The CEO emphasizes the companys commitment to executing ambitious programs and turning their vision into a totally green power future.
CustomersPartnersInvestmentPublic TradingManagement ChangesExpand
H2-View: GenCell Energy unveils innovative hydrogen-fuelled back-up power solution - GenCell - Fuel Cell Generators
growth-positive
GenCell Introduces the GenCell BOX™ Long-duration Backup Solution Designed Specifically for Telecom
GenCell Energy has launched its latest long-duration backup power solution, the GenCell Backup Operations eXtender (BOX), designed for telecom and critical communications operations. The solution leverages highly efficient and ultra-reliable alkaline fuel cell technology. The article highlights the increasing need for resilient long-duration backup power due to climate-related weather incidents and emphasizes the importance of uninterrupted connectivity. The GenCell BOX offers 5kW power with virtually unlimited run-time, is compact in size, and emits zero CO2. The solution is designed to meet the specific requirements of the critical communications community. GenCell Energy aims to provide affordable green power solutions to enable telecom providers worldwide to achieve sustainability and transition to renewable energy. The article mentions the companys collaboration with the GSMA and leading mobile network operators. The GenCell BOX resolves the weaknesses of other backup power solutions and is fueled by hydrogen. The article also mentions the demand for resilient renewable power in the telecom industry and the benefits of fuel cell technology for backup power.
CustomersPartners
growth-positive
GenCell Energy runs 24/7 hydrogen solution for emergency communication
GenCell Energy has completed advanced testing of its GenCell A5 off-grid hydrogen power solution in Iceland. The technology, which uses alkaline fuel cell technology, has successfully operated for 1500 continuous hours in inclement weather conditions. GenCell aims to bring hydrogen to the telecom sector to ensure clean and uninterrupted power. The company plans to deploy GenCell A5 units at active emergency communication sites across Iceland. The Icelandic government has set a goal to cease the use of fossil fuels before 2050 and ban new diesel and gasoline-powered vehicles from 2030.
PartnersCustomers
growth-positive
GenCell Energy receives $14.3m investment;BNP Paribas supports a global hydrogen economy
BNP Paribas has led a $14.3m investment in GenCell Energy through its investment arm BNP Paribas Energy Transition Fund. The investment will support GenCell in achieving its company objectives and furthering the momentum towards a global hydrogen economy. BNP Paribas Energy Transition Fund manages assets worth €6bn and has a focus on the green energy sector. BNP Paribas has previously invested hundreds of millions of dollars in companies like Ballard Power Systems.
Investment
growth-positive
ג'נסל קפצה ב-9% לאחר שהשלימה פיתוח טכנולוגי שיוזיל את המוצר ב-3,000 דולר
גנסל, a company that develops green energy solutions based on fuel cells, has reported a significant milestone in its technology development, leading to a 9% jump in its stock price.
Expand
growth-positive
Israel's GenCell joins forces with Japan's TDK to create 'green' ammonia
GenCell Energy has partnered with TDK Corporation to develop environmentally friendly green ammonia at low cost. The partnership aims to replace ammonia, a commonly used but non-clean fuel, with clean and green ammonia that has no CO₂ emissions. GenCell has patented a unique technology that uses excess solar and wind energy and an electrochemical process to create ammonia without emissions. The collaboration will produce green ammonia for a wider market and for GenCells fuel cells, making the startups technology even greener. TDK will invest $8.5 million in the initial stage of the technology development and will have first rights to the developed product. The goal is to move towards eliminating carbon emissions and neutralizing the climate crisis.
Partners
growth-positive
GenCell Energy solution to power advanced test unit in Iceland
GenCell Energys A5 off-grid power solution will be deployed in Reykjavik, Iceland to power the Emergency Communication System station. The solution, which extracts hydrogen from liquid ammonia, supports the Icelandic Governments environmental policy to abolish the use of fossil fuels and ban new registrations of diesel and petrol vehicles. The A5 solution ensures 24/7 uninterrupted power.
Customers
growth-positive
ג'נסל זכתה במכרז של חברת החשמל במקסיקו עבור 6 מיליון דולר
GenCell, a green energy solutions company founded and managed by Rami Reshef, has won a contract to supply, install and maintain 37 transformer stations in Mexico. The contract, awarded by the Mexican Federal Electricity Company (CFE), is worth $6 million. However, the CFE has the option to increase the number of systems GenCell supplies and installs up to 74, potentially increasing the contracts value to $12 million. GenCell will provide maintenance services for the systems for two years from the date of their installation.
Customers
growth-positive
https://www.jpost.com/jpost-tech/israeli-energy-cell-firm-gencell-joins-tel-aviv-stock-exchange-649733
Israeli energy cell manufacturer GenCell has completed an IPO on the Tel Aviv Stock Exchange, raising NIS 205 million and achieving a post-money valuation of NIS 800 million. GenCell is known for providing clean and reliable long-lasting power backup solutions using its unique hydrogen fuel cell technology. The company has a worldwide distribution network and has supplied emergency backup power systems to various industries in 18 different countries. The funds raised from the IPO will be used to accelerate R&D activities, establish advanced manufacturing capabilities in Israel, and expand international market presence. GenCell aims to become a leading global player in the hydrogen fuel cell sector.
Public TradingInvestmentExpand
growth-positive
Israel's GenCell raises NIS 205 million in share sale on Tel Aviv Stock Exchange
GenCell, a manufacturer of hydrogen fuel cell-based electricity generators, has completed an IPO on the Tel Aviv Stock Exchange, raising NIS 205 million ($61 million) and giving the company a post-money valuation of NIS 800 million. The IPO marks the first public listing of a company in the hydrogen energy industry in Israel. GenCells fuel cell technology uses a combination of nickel and carbon instead of platinum, making it cheaper to manufacture. The company plans to use the capital raised to accelerate R&D activities, establish advanced manufacturing capabilities, and expand internationally.
Public TradingInvestment
growth-positive
Landa's GenCell set for $60m TASE IPO
Israeli fuel cell company GenCell has filed for an IPO on the Tel Aviv Stock Exchange to raise $60 million at a company valuation of $180 million. The funds will be used for R&D, production capabilities, marketing and sales, and more. The IPO is being led by underwriters Poalim IBI.
Public TradingInvestment
growth-positive
Landa's fuel cell co GenCell to raise NIS 200m in TASE IPO
Israeli fuel cell company GenCell is moving ahead with an IPO on the Tel Aviv Stock Exchange (TASE) to raise NIS 200 million at a company valuation of NIS 700-800 million before money. The IPO will be led by the underwriters IBI Poalim. Last year, GenCell considered an IPO on an overseas stock market but raised money privately instead. In January, Paz Oil Company Ltd. reported an expected investment of $10 million for a 4-5% stake in GenCell. GenCell was founded in 2011 and has raised tens of millions of dollars to date. The company has 85 employees and is in the initial revenue stage.
Public Trading
growth-positive
Israeli clean fuel cells aim to slash diesel pollution
GenCell Energy, an Israeli company, has developed fuel cell technology that is clean, affordable, and not dependent on weather conditions. The companys G5 line of hydrogen gas-powered backup generators has been sold to customers in 13 countries, primarily targeting the telecom industry and utilities. GenCells second fuel-cell solution, the A5, is in beta testing and is expected to save operators up to $250 million over a 10-year period. The A5 uses liquid ammonia to produce hydrogen, making it a better choice for rural areas. GenCell is also working on a hydrogen fuel cell for public transportation vehicles. The company employs 90 people and has production lines in Israel and the US.
CustomersExpand
growth-positive
Israeli firm rolls out fuel cells line for backup power
Israel-based startup GenCell Energy has launched its fuel cell product line in the Philippines through a partnership with Amorele Technology Inc. The fuel cells are touted as a reliable source of sustainable backup power and are suitable for both indoor and outdoor use. GenCells technology, which has been used in American and Russian spacecraft, produces no emissions, noise, or vibrations. The company aims to provide clean, long-duration fuel cells to the region to reduce disruption caused by power outages. The Philippines, known for extreme weather incidents, is an ideal market for GenCells weatherproof fuel cells.
Partners
growth-positive
GenCell Launches Fuel Cells in the Philippines to Deliver Clean, Reliable Power to Mitigate Impact of Frequent Power Outages
GenCell Energy has launched its full portfolio of fuel cell solutions in the Philippines to provide clean and continuous power to businesses suffering from long-duration power outages caused by brownouts, severe weather conditions, typhoons, and earthquakes. The fuel cell solutions offered by GenCell Energy are designed to withstand severe weather events and produce no emissions, noise, or vibrations. The company aims to eliminate the use of weather-vulnerable or polluting backup power sources such as battery rooms and diesel generators in the Philippines. The launch of these fuel cell solutions is expected to have a positive impact on the growth of GenCell Energy.
Customers
growth-positive
Fuel Cell Startup GenCell Considering IPO
Israel-based alternative energy startup GenCell is considering an IPO in London to raise around $50 million at a valuation of $200 million to $250 million. The company develops fuel cells that convert hydrogen and ammonia into hydrogen fuel. GenCell has met with investment banks and exchange officials in London. The CEO confirmed that the company is exploring financing options but no decision has been made yet. GenCell recently announced a joint manufacturing line with Flex Ltd. to scale up its operations.
InvestmentExpand
growth-positive
Flex and Fuel Cell Startup GenCell Partner on Joint Manufacture Line in Israel
Electronics manufacturer Flex Ltd. and alternative energy source startup GenCell Ltd. have partnered to launch a joint manufacture line in Ofakim, Israel. GenCell develops fuel cells capable of converting hydrogen and ammonia into hydrogen fuel. Flex, formerly known as Flextronics International Ltd., produces electronics for various industries and already operates several facilities in Israel.
Partners
growth-positive
Israeli GenCell to mass produce fuel-cell generators as demand surges
GenCell Energy has entered an accord with Flex Ltd. to mass produce fuel cell-based generators to meet the growing demand of customers globally. GenCell will continue to produce the fuel cells at its facility in Petah Tikva, while Flex will integrate them into generators at its manufacturing facility in Ofakim, Israel. This partnership will enable GenCell to scale up its production from 100 units a year to 5,000 units a year. The company aims to target electric utilities in the US and Europe. GenCells alkaline fuel cells are used for applications where a continuous supply of electricity is vital. The partnership was celebrated with a ceremony in Ofakim. Investor Benny Landa stated that GenCells technology has made fuel cell technology cheaper and more accessible.
CustomersPartners
growth-positive
GenCell Energy Earns Acclaim from Frost & Sullivan for Its Affordable Fuel Cell Technology that Offers Clean Backup and Off-Grid Power Solutions
GenCell Ltd. has been recognized with the 2019 Europe Enabling Technology Leadership Award for its fuel cell solutions that provide clean backup and off-grid power. The companys patented technologies have overcome obstacles to fuel cell adoption and offer advanced, affordable technologies. GenCell has two backup power products, the GenCell G5 Long-Duration UPS and the GenCell G5rx. They recently launched the A5 off-grid power solution that uses a unique technology to create hydrogen-on-demand from ammonia. This solution significantly reduces operating costs compared to diesel generators. GenCells alkaline fuel cell solutions have a freezing temperature of negative 40°C, enabling them to work in both warm and sub-freezing conditions. The companys products have high market acceptance potential and can be applied across industries.
CustomersPartners
growth-positive
In first, Israeli hospital uses fuel-cell energy for cleaner, smooth power flow
Israeli startup GenCell Energy has installed its hydrogen-based long-duration fuel-cell power generator at the Hillel Yaffe Medical Center in Hadera, marking the first time a hospital in Israel has installed a fuel-cell power unit. The installation will ensure continuous and smooth power flow, reducing the hospitals dependence on polluting diesel generators. GenCells fuel cell-based solutions use a combination of nickel and carbon, making them cheaper to manufacture. The Hillel Yaffe Medical Center plans to install additional units to backup other sensitive and critical medical devices and systems.
Customers
growth-positive
GenCell Energy Unveils World's First Affordable Off-Grid Primary Power Fuel Cell Solution to Replace Diesel Generators - GenCell - Fuel Cell Generators
GenCell Energy has launched the GenCell A5 off-grid power solution, a primary power alternative to diesel generators. The GenCell A5 is designed to provide cost-effective, ultra-reliable power for off-grid and poor-grid telecom base stations, and can reduce OPEX costs of Tower Management Companies and Mobile Network Operators by up to $250M across 1,000 towers over a 10-year period. The GenCell A5 is the first fuel cell solution to overcome the limitations of the current hydrogen infrastructure by creating hydrogen-on-demand from low-cost ammonia fuel.
CustomersExpand
growth-neutral
Keeping the lights on
The article discusses the use of fuel cell solutions as clean and reliable alternative energy. It also mentions SmartCitiesWorld City Profiles for Shenzhen and Sydney, highlighting their smart city strategies. The article does not mention any specific impact on the company or any structured issues. The key topics include smart cities, fuel cells, and the cities of Shenzhen and Sydney. The date of the event described in the article is not provided. The confidence level of the answer is 8.
Renewable Energy Focus - Journal - Elsevier
Energy Storage Report
growth-positive
Israel Electric Corporation Installs Breakthrough GenCell Fuel Cell Technology To Support Redundancy of Key Infrastructure and Critical Points AltEnergyMag
GenCell, an Israeli-based fuel cell developer and manufacturer, has announced that the Israel Electric Corporation (IEC) has agreed to be a strategic partner and install GenCells unique GenCell G5 back-up fuel cell solution. The GenCell G5 provides reliable and sustainable back-up power during power outages, reducing service disruption and associated costs for IEC customers. The GenCell G5 is a cost-effective and more efficient energy solution than existing back-up power solutions. GenCell also offers the GenCell G5rx for the utilities market, providing immediate and reliable long-term back-up power to utility battery rooms. The IEC conducted a 15-month trial of the GenCell G5 and was pleased with the results, leading to a commercial partnership. GenCells technology is based on proven space technology and is suitable for both extreme environments and urban settings.
Partners
growth-positive
DistribuTECH 2017: GenCell to Showcase Breakthrough Fuel Cell Solution That Keeps Utility Batteries Charged Up To 10 Times Longer - Incus
Israel-based fuel cell developer and manufacturer, GenCell, is set to showcase its hydrogen-based GenCell G5rx backup power solution at DistribuTECH 2017. The G5rx uses fuel cell technology to provide immediate and reliable backup power, charging utility backup batteries and keeping them at full power for up to 10 times longer than standard battery rooms. This allows substations and power plants to keep their breakers and controls operational, and enables utilities to quickly restart power distribution once the grid recovers. The G5rx also supports black start operations, eliminating the need for standby diesel generators.
CustomersExpand
growth-positive
US-Israeli energy-tech partnerships take wing
The BIRD Foundation has been fostering collaborations between Israeli and American companies in the energy sector. Through its BIRD Energy initiative, the foundation provides financing for partnerships between Israeli and American companies in renewable energy and energy efficiency. The program is based on the US Energy Independence and Security Act of 2007. BIRD holds matchmaking events for companies and provides funding and monitoring for the partnerships. The foundation recently launched a new call for proposals, offering up to $1 million in grants per partnership. Successful partnerships have resulted in commercialized products and additional funding for companies involved.
Partners
GenCell Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 99 |
| Team members | 3 |
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 514579887 |
| Crunchbase | gencell |
| Phone | +97237261616 |
| Creator | Katie Kaplan |
| Creator email | katherinekaplan14@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2025-06-10T00:00:00.000Z |
| Created | 2014-07-14T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on TASE on Nov, 2020; |