HyAxiom Leadership

President & CEO

Jeff Hyung Rak Chung

For more than 25 years, Jeff Hyungrak Chung has held various roles in the energy industry leading refineries, petrochemical companies, nuclear and combined cycle power plants and, for the past nine years, he has led the hydrogen business for Doosan Group.

Currently, he serves as President and Chief Executive Officer of HyAxiom, Inc., a U.S.-based stationary fuel cell manufacturer, formerly Doosan Fuel Cell America, Inc. (DFCA), President and Chief Executive Officer for HyAxiom’s sister company, Doosan Fuel Cell Corporation, in Korea, and, as CEO of H2 Innovation, an R&D Korea, wholly owned subsidiary of HyAxiom, Inc.

He began his career as a consultant for McKinsey & Co., served as Vice President at SK E&C where he was Head of Corporate Strategy & Planning and Head of the Procurement & Subcontracting Management Office and was named a partner at Deloitte Consulting becoming one of the founding members helping to rebuild the consulting business for Deloitte Korea.

Chung’s Doosan roots run deep with significant time spent with Doosan Enerbility – Korea, as Senior Vice President and Chief Strategy Officer, before heading to the U.S. to lead the 2014 acquisition of ClearEdge Power (formerly UTC Power) and establishing DFCA. As President and Chief Executive Officer of DFCA, he quickly transformed the company into a leading integrated hydrogen solution provider by securing 20% of the global stationary fuel cell market share in 2021 and a manufacturing capacity of 70 MW in the U.S. for stationary fuel cell production. In 2022, he renamed the company to HyAxiom, Inc.

Having recognized the urgent need for climate change and clean energy, Chung has pursued hydrogen fuel cells as a way of offering communities alternative options to generate electricity and heat locally rather than relying on large, centralized, far-off power plants. This viable source of energy continues to gain momentum as a reliable, distributive on-site solution for commercial and industrial customers as well as utilities.

With a suite of products and technology that reduce CO2 emissions, HyAxiom is not theory-focused, but, instead, relies on applications for hard-to-abate sectors. It is one of the few entities that has emerged as a top contender for accelerating the energy transition to achieve a carbon-free world.

Working alongside his team of industry experts, Chung diligently executes strategic initiatives to expand HyAxiom’s presence across the hydrogen value chain beyond stationary fuel cells from electrolysis for green hydrogen production to a solid oxide-based maritime propulsion system and PEM-based transportation power pack for commercial vehicles. As part of Chung’s scalability focus, he’s made strategic partnerships a major initiative for new technology and commercial development. To date, he has established partnerships with numerous global companies including Shell, Ceres Power, Ballard Power Systems, Korea Hydro and Nuclear Power Company. Most recently, objectives to extend HyAxiom’s global footprint and to support countries aiming for decarbonization and climate change resulted in a master agreement with China allowing for the use of HyAxiom’s proprietary hydrogen fuel cell technology.

What drives the short- and long-term plans for HyAxiom and Chung’s day-to-day is the common denominator of customer centricity. The company’s culture is centered around providing solutions that create economic value while helping the customer reduce their carbon footprint. It is a promise and a part of HyAxiom’s culture that Chung has facilitated – listening to the voice of the customer and allowing it to be the first step that drives the overall strategy and investment.

With a natural inclination for problem solving, he welcomes teamwork and works tirelessly to create an environment that’s free of bureaucracy and one that values transparency, integrity and decision making.

He holds an A.B. degree in Economics from Harvard University and a M.A. degree in Economics from Brown University.

Chief Technology Officer

Sridhar Kanuri

As the Chief Technology Officer for HyAxiom, Sridhar Kanuri is responsible for managing Global Research & Engineering and Service & Installation. In this role, he leads new technology and product development, product cost reduction initiatives, intellectual property management, sustaining engineering, product installation and field service.

Under his leadership, the research and engineering team develops innovative materials, advanced manufacturing processes and achieves product cost efficiencies toward the goal of grid parity. To accelerate fuel cell development, his team collaborates with universities, governmental and non-governmental organizations on technology development, prototype demonstrations and funding. Prior to being named CTO, Kanuri was the Vice President of RD&E.

He began his career working on automotive PEM fuel cells. His product development experience includes transportation fuel cells, stationary fuel cells and electrolyzers. Before HyAxiom’s inception, Kanuri was the Director of Cell Stack and Fuel Processing Engineering and the Technology Manager for UTC Power.

Kanuri was elected to the Connecticut Academy of Science and Engineering in 2018 for his contributions to fuel cell technology. He has written a book chapter on fuel cells and holds more than 10 U.S. and 21 international patents. Appointed in 2022 by the Connecticut legislature to serve on the state’s Hydrogen Task Force, Kanuri and fellow members submitted a report on their findings and recommendations to the joint standing committee of the General Assembly in January 2023.

Kanuri holds a M.B.A. from Carnegie Mellon University and a M.S. degree in Chemical Engineering from Florida State University.

Chief Finance Officer

Abhinav Kapoor

Appointed Chief Financial Officer for HyAxiom in 2022, Abhinav Kapoor is a finance executive with more than 25 years of progressive experience in driving business strategy and profitable growth.

Prior to joining HyAxiom, he was the Chief Financial Officer at Baker Hughes’ Flow and Process Technologies Global P&L; CFO for GE Oil Gas Operations & Technology function; and Commercial Finance & Business Development finance leader for GE ASEAN from.

Kapoor is a transformative leader leveraging modern information management tools to manage risk and to foster analytics-driven culture. His proven track record in driving change and delivering operational and financial results in short and long cycle businesses can be credited to his global experience of managing diverse teams and former roles in Supply Chain Finance, Technology Finance, Financial Planning and Analysis and ERP system implementations. These experiences have made him successful in executing finance and digital solutions across a multitude of locations and diverse business environments.

He holds a M.B.A and a B.E. and from the University of Mumbai.