BayoTech

BayoTech

BayoTech traces its core hydrogen generation technology to an exclusive license from Sandia National Laboratories in New Mexico. The company was later formed and has since filed additional patents to improve steam methane reforming. It acquired IGX Group in 2021, adding high-pressure hydrogen transport and storage equipment to its offering, and now operates as a full-service hydrogen supplier. The firm builds and operates local hydrogen production hubs — small-scale facilities that produce hydrogen near the point of use, avoiding the logistics of centralized plants. Its asset-class mix includes hydrogen generation, high-pressure storage and transport equipment manufacturing, and fueling solutions. BayoTech serves customers in mobility (fuel cell buses and trucks), power generation, manufacturing, and industrial gas distribution. Confirmed investors include Newlight Partners, Opal Fuels, Nutrien, The Yield Lab, Cottonwood Technology Fund, Sun Mountain Capital, and Caterpillar Venture Capital Inc. The company operates across the US with offices in Albuquerque (R&D), Houston (corporate), Tulsa (equipment manufacturing), and active hubs in Wentzville, MO, and Stockton, CA. BayoTech disclosed in its website that it has delivered over 800 high-pressure transport and storage systems through 2023. Its first hydrogen hub, in Wentzville, Missouri, began producing 350 tons per year of low-carbon hydrogen in 2022. In May 2024, the company announced that David Best, a current board member, was appointed CEO, succeeding Diaco Aviki. The same month, BayoTech named Jeff Harrington to lead its high-pressure equipment business. BayoTech's structural differentiator is its decentralized 'hubs' model — small-scale reformers placed near customer demand — and its control of both production and storage equipment. Owning the full value chain from reforming to the transport pod gives it a vertical integration rare in early-stage hydrogen firms.