HNO International Inc (OTC Pink: HNOI) is a green hydrogen company that designs, integrates, and develops hydrogen-based clean energy systems for businesses and communities. Revenue is generated through hydrogen equipment facilitation, engineering services, and combustion solutions, with the company acting as an agent on equipment sales and recognizing only its retained margin. Total revenue was $65,561 for the fiscal year ended October 31, 2025, up from $4,241 in fiscal year ended October 31, 2024. The company operates from an approximately 5,000 square foot facility in Murrieta, California, and is a Nevada corporation. As of February 6, 2026, there were approximately 687 stockholders of record. The company carries a stockholders' deficit and has convertible notes payable, indicating a debt-heavy, pre-revenue-scale capital structure. With a hydrogen production facility approaching commercial operation as of early 2026 and a second site identified in Lancaster, California, the business remains pre-scale and dependent on external capital.
- Revenue model
- Agent-basis equipment facilitation (net margin only, no cost of goods sold recognized), hydrogen engineering services, and combustion solution project fees. FY2025 revenue of $65,561 came entirely from facilitating delivery of hydrogen equipment and related integration support, recognized net. FY2024 revenue of $4,241 came from hydrogen engineering services and combustion solutions.
- Products and services
- Compact Hydrogen Refueling Stations (CHRS): modular, deployable green hydrogen refueling infrastructure for fuel cell electric vehicles (FCEVs), locatable via smartphone app. Hydrogen carbon cleaning equipment: custom equipment for engine service providers targeting internal combustion engine decarbonization and maintenance. Hydrogen production: a facility expected to commence full-scale commercial production in early 2026, targeting 1,000 kg of hydrogen per day at an expected average sale price of $7.00 per kg.
- Customers and end markets
- Engine service providers in the ICE decarbonization and maintenance market. FCEV owners and hydrogen vehicle manufacturers. Businesses and communities seeking near-term decarbonization. Industrial hydrogen users. No customer concentration data disclosed in the filing excerpts.
- Value-chain role
- Systems engineering design, integration, and product development. Acts as agent in hydrogen equipment supply chains, facilitating delivery from third-party suppliers directly to customers. Also a direct manufacturer of hydrogen carbon cleaning equipment and, pending commercial launch, a hydrogen producer.
- Geographic exposure
- Operations based in Murrieta, California. Hydrogen production facility under development in Murrieta, California, with a second site identified in Lancaster, California. No international operations disclosed in the filing excerpts.
Source: SEC 10-K, filed 2026-02-06
Industry:
Metal Mining
Peers:
Altus Power, Inc.
Brookfield Renewable Corp
Montauk Renewables Inc
XPLR Infrastructure LP
Spruce Power Holding Corp
Sunnova Energy International Inc.