Related Party Transactions

3 Months Ended

Mar. 31, 2025

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 4 — RELATED PARTY TRANSACTIONS

Our Chief Executive Officer ("CEO"), Chief Financial Officer, and Chief Operating Officer collectively own an indirect, non-controlling minority interest in OneH2, Inc. (“OneH2”), which they each acquired through various transactions that took place in early 2018 and prior. Our CEO is on the Board of Directors of OneH2. OneH2 is a privately held company that produces and delivers hydrogen fuel to end users and manufactures modular hydrogen plants and related equipment. During the three months ended March 31, 2025 and 2024, the Company purchased $0.1 million and $0.6 million, respectively, of hydrogen fuel from OneH2. In addition, the Company has paid OneH2 $5.3 million to date to build and commercialize a hydrogen production plant for the Company which we expect to become operational in the second half of 2025.