Valencia, California-based hydrogen sensing solutions provider H2scan announced July 11 that its current chief operating officer, David Meyers, was named president and CEO. Meyers replaces Dennis Reid, company founder and current president and CEO, who is retiring.
Founded in 2002, H2scan manufacturers hydrogen sensing products in the United States that are used to improve electrical distribution reliability in the power transformer market and are designed for monitoring and measuring hydrogen concentration in fuel cells, electrolyzers and hydrogen distribution pipelines. The sensors also serve in a wide variety of hydrogen economy applications to reduce carbon emissions. The company’s sensors offer accuracy and affordability with no consumable parts, with certain models being self-calibrating for up to 10 years. H2scan’s hydrogen sensors can transform a customers’ ability to operate safely in a low-carbon world.
Meyers joined H2scan as COO in February 2022. In that time, he has worked with key company leaders looking at ways to scale production, build R&D and engineering capability, and prepare for this vote of confidence from the investment community.
“In his new role as CEO, we are confident that he will lead us into a future focused on building on our current strength in the transformer division, while accelerating our efforts in the ever-expanding hydrogen economy,” Reid said. “When I started H2scan I had seven employees, including my wife and me. I have been blessed with tremendous talent in all departments and unbelievable loyalty as we have developed H2scan into a global company. Dave has the right background and skill set to take H2scan to an even higher level. I look forward to continuing with the company in a much reduced non-management role to assist management and sales.”
Meyers has deep experience with H2scan through his contributions as a board member for five years and his support for its product development activities while working for Altran, a global engineering services company. He joined the H2scan board in 2017 after leading an investment as Altran’s North America vice president of corporate development.
As COO, and subsequently the general manager of Altran’s Innovative Product Development business, he managed the company’s energy, industrial, aerospace and life sciences engineering services business units. H2scan retained Altran to accelerate the development of its application specific integrated circuit (ASIC) that enabled the Gen 5 sensor. His team also supported the development of the company’s Automated Sensor Manufacturing (ASM) system to improve production efficiency and capacity to meet future sales growth.
Prior to Altran, Meyers held executive and various business and development roles at startups and large companies in the semiconductor, life sciences, defense and space industries.
“I could not be more excited about the opportunity to provide CEO leadership at H2scan as I believe we are well positioned to take advantage of the tremendous growth within the power transformer monitoring market, given our proven track record with leading OEMs and a growing list of end users,” Meyers said. “Additionally, we expect to be a major solutions provider to every aspect of the emerging Hydrogen Economy, from process control, to metering to safety assurance.”
In February, H2scan raised $70 million, securing growth capital to underpin the company’s rapid expansion. The company will use the funds raised to expand manufacturing, expand its auto calibration capabilities, add additional sales offices around the world, and enhance H2scan’s marketing capability as well as funding further R&D for the next generation of disruptive and breakthrough products.Tags: H2scan, Hydrogen, Hydrogen Economy, Hydrogen Pipelines, Hydrogen Sensing