The company, founded in 2018 and based in Chicago, focuses on improving fuel cells and electrolyzers by developing high-quality membranes, ionomers, and catalysts. Celadyne Technologies is currently working on nanocomposite membranes that can replace proton exchange membranes, allowing for more compact and simpler devices that require minimal heat and water management. The company believes that their innovative materials will provide significant improvements in the field of hydrogen economy and help realize its potential.