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Verdagy Announces Grand Opening of its Gigawatt-Scale Silicon Valley Factory

The Factory is the First Department of Energy-Supported Electrolyzer Cell Manufacturing Facility to Open in the United States

Verdagy, a leading green hydrogen electrolysis company, today celebrated the grand opening of the first Department of Energy (DOE)-supported electrolyzer manufacturing facility in the United States. The new Silicon Valley factory is in Newark, California and features more than 100,000 square feet of manufacturing space with the capacity to produce several gigawatts of electrolyzers.

With deep experience in both utility-scale solar and automotive battery manufacturing, we knew the importance of designing and solving for scale from the very beginning. This motivated us to look end-to-end as we approached green hydrogen electrolyzer manufacturing.”

Peter Cousins

Chief Operating Officer

“Verdagy partnered with ATI to optimize everything, with innovations from molten metal through coils to completed electrolyzer cells. Our new multi-gigawatt factory in California is intentionally simple, precisely what is needed to solve for the scale and fossil parity costs required to decarbonize hard-to-abate industries.”

Verdagy’s manufacturing strategy is to reduce electrolyzer stack costs by implementing advanced manufacturing automations, a product designed for low cost, and high reliability and integration of a domestic nickel alloy to a high-volume, automated manufacturing line.

This manufacturing strategy allows Verdagy to add gigawatts of capacity at costs that are five times lower than that of competitors, enabling massive, financially prudent scaling of capacity. The company also has the advantage of being nimble and flexible to quickly adjust roadmaps, without conflicts from competing incumbent businesses.

Verdagy has partnered with ATI, Inc., a key supplier using US metal alloys for their electrolyzers. Verdagy’s manufacturing process will start with ATI’s metal coils and output finished electrolyzer cells by vertically integrating subassemblies with minimal manual handling and processing. ATI and Verdagy coined this electrolyzer manufacturing process as “Coils-to-Cells.”

“ATI’s partnership with Verdagy is an ideal opportunity for our high-performing, high-quality materials in the specialty energy market,” said Tom DeLuca, President, ATI Specialty Rolled Products.

The “Coils-to-Cells” manufacturing system aligns with the DOE goal that domestic electrolyzer manufacturing should be supported by a domestic supply of metals, fostering a domino effect on domestic production. In addition to its impressive production capabilities, the facility will create new clean tech jobs in the local community.

Verdagy’s gigawatt-scale factory was announced in 2023 and awarded a $39.6M grant by the DOE in March 2024 to accelerate the high-volume manufacturing of Advanced Alkaline Water Electrolysis (AWE) eDynamic® electrolyzers. High-volume production is set to begin in the first quarter of 2025, marking a significant step forward in the advancement of green hydrogen manufacturing in the United States.

We are focused on building an entire renewable hydrogen ecosystem in California to achieve our climate goals - including the crucial step of manufacturing electrolyzers. Verdagy’s decision to expand their footprint here reflects California’s unique strength in creating new markets, enabling the creation of clean energy jobs while solving our most existential challenges with the technology of the future.”

Dee Dee Myers

Senior Advisor to Governor Newsom and Director of the Governor’s Office of Business and Economic Development
Verdagy’s potential to demonstrate high-current density over a wide dynamic range across large-area cells led us to incubate and write the first check into the company in early 2020. Since then, the team has made significant progress in validating key performance and cost targets, getting them closer to building out a green hydrogen economy.”

Rajesh Swaminathan

Partner, Khosla Ventures
Yara is taking the lead on driving the use of electrolyzers in the ammonia and fertilizer industry. We see a strong need for cost competitive, clean hydrogen to be able to decarbonize and drive the movement towards a more environmentally friendly industry. Electrolysers is a technology requiring a lot of innovation and product development. We are really impressed by how Verdagy is taking on this challenge and want to take part in this adventure. The world needs them.”

Stian Nygaard

Investment Director in Yara Growth Ventures
Verdagy is rising to the challenge to accelerate the green hydrogen economy and decarbonize hard-to-abate sectors such as steel and ammonia production. The management team has a successful track record in scaling climate technologies from megawatts to gigawatts and they are committed to achieving the same at Verdagy.”

Vikas Gupta

Partner at Shell Ventures
We are more than doubling down in this round on Verdagy, we are witnessing how they have gone from a valuable technology to a defensible business.”

Anil Achyuta

Managing Director at TDK Ventures
We are focused on building an entire renewable hydrogen ecosystem in California to achieve our climate goals - including the crucial step of manufacturing electrolyzers. Verdagy’s decision to expand their footprint here reflects California’s unique strength in creating new markets, enabling the creation of clean energy jobs while solving our most existential challenges with the technology of the future.”

Dee Dee Myers

Senior Advisor to Governor Newsom and Director of the Governor’s Office of Business and Economic Development
Verdagy’s potential to demonstrate high-current density over a wide dynamic range across large-area cells led us to incubate and write the first check into the company in early 2020. Since then, the team has made significant progress in validating key performance and cost targets, getting them closer to building out a green hydrogen economy.”

Rajesh Swaminathan

Partner, Khosla Ventures
Yara is taking the lead on driving the use of electrolyzers in the ammonia and fertilizer industry. We see a strong need for cost competitive, clean hydrogen to be able to decarbonize and drive the movement towards a more environmentally friendly industry. Electrolysers is a technology requiring a lot of innovation and product development. We are really impressed by how Verdagy is taking on this challenge and want to take part in this adventure. The world needs them.”

Stian Nygaard

Investment Director in Yara Growth Ventures
Verdagy is rising to the challenge to accelerate the green hydrogen economy and decarbonize hard-to-abate sectors such as steel and ammonia production. The management team has a successful track record in scaling climate technologies from megawatts to gigawatts and they are committed to achieving the same at Verdagy.”

Vikas Gupta

Partner at Shell Ventures
We are more than doubling down in this round on Verdagy, we are witnessing how they have gone from a valuable technology to a defensible business.”

Anil Achyuta

Managing Director at TDK Ventures
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