Verdagy Awarded $39.6 Million Grant from the Department of Energy

Delivering the Power of Nature™

Verdagy designs and manufactures advanced electrolysis systems for the large-scale production of green hydrogen, and is on track to achieve fossil fuel parity by 2030.

Silicon Valley Factory

Verdagy’s gigawatt-scale Silicon Valley factory was announced in 2023 and is the first to manufacture advanced alkaline water electrolyzers in large volumes in the US. Verdagy will commence shipments from the manufacturing facility in 2025 to enable infrastructure-scale green hydrogen deployments.

Verdagy was awarded a $39.6M grant by the Department of Energy to accelerate the high-volume manufacturing of Advanced Alkaline Water Electrolysis eDynamic electrolyzers in this factory.

2 Megawatt Advanced Alkaline Water Electrolyzer Plant in Moss Landing, California

Our highly automated commercial plant has been making hydrogen for over 3 years with over 12,000 hours of operations in commercial cells.

Electrolyzer cells in the 2 MW eDynamic Advanced AWE plant

Here the team is servicing a cell in the 2 Megawatt electrolyzer.

500 kW and 100 kW Plants

Our 500 kW electrolyzer with full sized commercial cells is fully instrumented and monitored, so we can run large-scale tests to validate our design and lab findings, along with a 100 kW electrolyzer for additional testing.

Cell Servicing

Verdagy’s in-house shop allows us to design, manufacture and maintain all parts of our electrolyzer, so we can rapidly implement new technology and upgrades.

Fast Response to New Technology

With our lab located right next door, we can rapidly prototype any new idea – from the lab to the plant in hours.

Silicon Valley Factory

Verdagy’s gigawatt-scale Silicon Valley factory was announced in 2023 and is the first to manufacture advanced alkaline water electrolyzers in large volumes in the US. Verdagy will commence shipments from the manufacturing facility in 2025 to enable infrastructure-scale green hydrogen deployments.

Verdagy was awarded a $39.6M grant by the Department of Energy to accelerate the high-volume manufacturing of Advanced Alkaline Water Electrolysis eDynamic electrolyzers in this factory.

2 Megawatt Advanced Alkaline Water Electrolyzer Plant in Moss Landing, California

Our highly automated commercial plant has been making hydrogen for over 3 years with over 12,000 hours of operations in commercial cells.

Electrolyzer cells in the 2 MW eDynamic Advanced AWE plant

Here the team is servicing a cell in the 2 Megawatt electrolyzer.

500 kW and 100 kW Plants

Our 500 kW electrolyzer with full sized commercial cells is fully instrumented and monitored, so we can run large-scale tests to validate our design and lab findings, along with a 100 kW electrolyzer for additional testing.

Cell Servicing

Verdagy’s in-house shop allows us to design, manufacture and maintain all parts of our electrolyzer, so we can rapidly implement new technology and upgrades.

Fast Response to New Technology

With our lab located right next door, we can rapidly prototype any new idea – from the lab to the plant in hours.

Leadership team

Marty Neese

Chief Executive Officer

Marty brings decades of scale-up and growth executive experience in the hydrogen space (Ballard Board), solar energy (COO at SunPower) and manufacturing services industries (COO at Flex).

Rahul Bammi

President

Rahul has over 25 years of experience in growing climate and deep tech companies, in CxO and GM roles, leading hyper growth, P&L and Product Management, Sales, Business Development, Marketing, Engineering, M&A and Strategy. His experience includes successful tenures at View, Lumileds, KLA, Motorola, National Semiconductor and Analysis Group. 

Thomas McWaid, PhD

Chief Technical Officer

Tom has more than 30 years experience in product design, systems development, and engineering management. He holds 15 patents in heat transfer, fluid mechanics and electrochemical cell design and operations; also, several hydrogen-related patents are pending.

Peter Cousins, PhD

Chief Operating Officer

Peter brings deep experience in innovating, scaling new technologies and building teams at leading clean technology companies. In particular, he guided industry-best solar and battery products through research, development, deployment and production while at SunPower and Tesla.

Johan Themaat

Chief Financial Officer

Johan brings over 20 years of experience in energy, finance, and business strategy, including C-level roles in both public and private companies. His expertise spans renewable energy with Correlate and Mission Energy, energy infrastructure for Black Canyon, First River Energy and NGL Energy Partners, and investment banking firms RBS and GulfStar.

Gal Mariansky

PE, Senior Vice President, Process Engineering

Gal is a professional chemical engineer with 20 years of experience in design, operations and launch of pilot, demo and commercial plants. He has demonstrated leadership across biofuels, chemicals and hydrogen sectors.

Sri Ramakrishnan

Vice President, EPC & Services

Sri has worked extensively in the Global Power and Renewable Energy sectors building strong partnerships with EPC companies and leading project execution and services teams. He brings deep commercial and project management experience with leadership positions at AMEC-Foster Wheeler, General Electric and Bloom Energy.

Directors

Rajesh Swaminathan

Director | Partner, Khosla Ventures

Eric Olsen

Director

Vikas Gupta

Director | Partner, Shell Ventures

Anil Achyuta

Director | Managing Director, TDK Ventures

Dr. Ryan Gilliam

Director | Founder

Marty Neese

Director | CEO

“ 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
“ 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
“ 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
“ 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
“ 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
“ 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
“ 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

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Costal landscape