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News About Our Electrolysis Milestones

Read Verdagy’s Latest Progress towards Green Hydrogen for Industry

Verdagy is rapidly innovating electrolysis technology to help industry decarbonize using green hydrogen. Please read our announcements and industry coverage below to learn what we’ve been up to. If you have any questions about our story, products or people, please contact us.

Recent Press Releases

Verdagy expands its expertise and leadership team with key COO and CCO additions, further strengthening its position in the green hydrogen space

The company welcomes COO Peter Cousins, former Technology Leader at SunPower and Senior Director of Cell Engineering at Tesla, and CCO Kirk Edelman, former CEO of Siemens Financial Services, Inc. and CCO of Safari Energy

Moss Landing, California (November 8, 2022) Verdagy, a pioneer in scaling electrolyzer technologies for industrial markets, has welcomed two new leadership team members, Peter Cousins, Chief Operating Officer, and Kirk Edelman, Chief Commercial Officer. Both Cousins, former Senior Director of Cell Engineering at Tesla, and Edelman, former CCO of Safari Energy, boast extensive and relevant experience to the Verdagy team, with Edelman bringing an impressive background in finance and solar project development, and Cousins a deep knowledge of large-scale, automated manufacturing.

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Verdagy launches commercial electrolyzer module, demonstrating low-cost green hydrogen at scale

Moss Landing, California (September 20, 2022) – Verdagy, a pioneer in scaling electrolyzer technologies for industrial markets, demonstrated the commercial efficacy of its unique water electrolysis technology, eDynamic™, with two significant milestones on the path to cost-effective hydrogen at scale. Verdagy is engineering the world’s largest membrane-based electrochemical cells to drive down the investment and energy required for generating industrial hydrogen. The recent successful pilots validate the durability and scalability of its technology:

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Verdagy wins the 2022 Hydrogen Impact Investment Award in the IMPACT Technology of the Year category

Moss Landing, California (September 15, 2022) – Verdagy, a pioneer in scaling electrolyzer technologies for industrial markets, has been selected as the winner of the 2022 Hydrogen Impact Investment Award in the IMPACT Technology of the Year category. Recognized for its mission to supply large-scale green hydrogen for the deep decarbonization of heavy industry, Verdagy is designing, engineering and securing patents for the world’s largest anion exchange membrane (AEM) electrochemical cells.

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Verdagy closes funding round led by TDK Ventures and joined by hydrogen and renewable energy leaders across four continents.

New funding enables the ongoing development and scale-up of unique, large-scale electrolyzer technology. 

 Verdagy announced today the closing of a $25MM funding round led by TDK Ventures. Syndicate members represent leaders in a wide range of industries focused on the use of green hydrogen and renewable energy for deep decarbonization, and include (in alphabetical order) BHP Ventures, Doral Energy Tech Ventures, Khosla Ventures, Orbia Ventures, Shell Ventures, and Temasek.

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TDK Ventures Invests in Green Hydrogen-Electrolysis Startup Verdagy

TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures, Inc. has invested in green hydrogen company Verdagy to enhance the development and rapid commercialization of their scalable, low-cost approach to hydrogen electrolysis. Having recently completed their spin off from green chemical-company Chemetry, Verdagy is focused on the large-scale production of green hydrogen required for deep-decarbonization of a wide range of industries. This investment marks a continued focus on clean and green technology by TDK Ventures.

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ORBIA VENTURES JOINS $25M INVESTMENT SYNDICATE IN FUNDING VERDAGY, A GREEN HYDROGEN TECHNOLOGY INNOVATOR

Orbia joins TDK Ventures, BHP Ventures, Doral Energy Tech Ventures, Khosla Ventures, Shell Ventures and Temasek in scaling electrolysis technology for sustainable industrial applications. 

Orbia Ventures, the venture capital arm of multinational Orbia, announces today its participation in an investor syndicate backing Verdagy, a green hydrogen developer with new electrolyzer technology to decarbonize industrial processing at scale. 

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Doral Energy Tech Ventures joins TDK Ventures, Temasek, Shell Ventures, Khosla Ventures, Orbia Ventures, and BHP Ventures, with investment in Verdagy, Green Hydrogen-Electrolysis Startup

 The company’s core innovation focuses on large scale electrolysis incorporating the advantages of AWE and PEM electrolyzers while designing out their inherent disadvantages. 

Verdagy has raised USD 25 million in Series A financing and plans to continue its scale-up activities and further demonstrate its novel electrolyzer technology. 

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More Press Releases

Verdagy appoints new VP, Business Development to accelerate green hydrogen commercialization efforts

Nick Mittica has joined Verdagy as Vice President, Business Development. Mr. Mittica will be responsible for Verdagy’s overall business development efforts related to Verdagy’s green hydrogen electrolyzer technology.

Mr. Mittica’s key focus areas will be leading the business development efforts and commercial activities related to the Verdagy Water Electrolysis (VWE) technology.

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Permascand and Verdagy sign Collaboration Agreement for the co-development of a novel electrochemical cell for green hydrogen production

Permascand Top Holding AB (publ) (“Permascand”), an independent technology-driven manufacturer of electrochemical solutions, today announced that the company has signed a collaboration agreement  with Verdagy for the development of a novel electrochemical cell to produce green hydrogen. The Collaboration Agreement will accelerate the commercialization of the Electrochemical Cell that is the foundation for the Verdagy Water Electrolysis (VWE) process.

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Permascand signs Letter of Intent with Verdagy on co-development of a novel electrochemical cell for green hydrogen production

Permascand Top Holding AB (publ) (“Permascand”), an independent technology-driven manufacturer of electrochemical solutions, today announced that the company has signed a Letter of Intent (LOI) with Verdagy – a spin-out of Chemetry – for the development of a novel electrochemical cell to produce green hydrogen. The LOI will build on Chemetry’s successful relationship and development activities for the commercialization of electrochemical cells for Chemetry’s eShuttle® EDC process.

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In The News

Chemical Engineering 11.01.22

World’s largest AEM electrolyzer launched in California

An emerging electrolyzer technology for renewable hydrogen production is the anion-exchange membrane (AEM), which provides efficiency and cost benefits over other electrolyzer configurations. Until now, most AEM installations have been small, as the membrane assemblies’ size and durability limited the operating capacity and lifetime. Now, Verdagy (Moss Landing, Calif.; www.verdagy.com) has achieved 1,000 operating hours for a 20-kW AEM demonstration plant. 

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EE Times 10.12.22

Verdagy Gets Closer to Green Hydrogen Target

Verdagy, a pioneer in scaling electrolyzer technologies for industrial markets, demonstrated the commercial efficacy of its water electrolysis technology, eDynamic, with two significant milestones on the path to cost-effective green hydrogen at scale. 

In response to the climate crisis, countries all over the world have set one of many objectives to achieve in the upcoming years: significantly reduce greenhouse gas (GHG) emissions on our planet.

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PV Magazine 9.29.22

Verdagy hits LCOH below $3.00/kg with commercial AEM electrolyzer module

Verdagy has reported a levelized cost of green hydrogen (LCOH) below $3.00/kg for its anion exchange membrane (AEM). The California-based company said it can now launch commercial operations.

Verdagy has run a demonstration-scale anion exchange membrane (AEM) for 1,000 hours on a 20 kW, 3,200 cm2 cell at a high current density in a production environment, validating its cell design and reporting a levelized cost of green hydrogen (LCOH) below $3.00/kg.

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Hydrogen Central 4.11.22

Interview with Verdagy, how their electrolysis technology will help decarbonize energy intensive industries

Verdagy is innovating water electrolysis technology for the very large-scale production of green hydrogen. Verdagy is creating an entirely new category of high-performance cells, electrolyzers and plants. Verdagy’s industry leading solutions achieve both the lowest upfront capital costs and the lowest unit economics for production.

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EE Times 2.15.22

Verdagy has closed a $25 million funding round led by TDK Ventures to accelerate the development of its large-scale electrolyzer technology

TDK Ventures is investing in green hydrogen electrolysis startup Verdagy with the goal of accelerating energy and environmental transformation through high-throughput, low-cost decarbonization. Where electrification is not viable, hydrogen produced from renewable sources can help accelerate the energy transition.

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Thought Leadership 2.14.22

Why We Invested in Verdagy and the Future of Hydrogen Electrolyzers

Verdagy’s innovations in hydrogen production technology represents a paradigm shift in hydrogen electrolyzer technology and represent a tractable pathway for hydrogen to decarbonize hard to abate sectors like petrochemical, mining, and steel manufacturing. In partnering, Verdagy and TDK Ventures seek to work together towards their mutual vision for energy transformation, and to accelerate their technology to market to bring about the future sooner rather than later.

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Techcrunch 2.8.22

Hydrogen production without CO2 is getting a boost with new tech from Verdagy

Hydrogen pioneers Verdagy — from “verde” for green, and “agy” for energy — raised $25 million from a fistful of strategic investors in the energy sector in a bid to take a messy, not-that-environmentally-friendly process of making hydrogen and replacing it with an industrially scalable solution with no nasties going into the air.

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