Verdagy develops a patented single-cell electrolyzer technology that enables efficient, large-scale production of green hydrogen by pairing with variable energy sources. This approach addresses the high operational costs and inflexibility of traditional electrolysis methods, delivering the lowest levelized cost of hydrogen in the industry.
Funding
$98M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BVBIB+9Founders
Product
Problem
Traditional hydrogen production methods often rely on fossil fuels, resulting in significant carbon emissions and hindering the transition to a sustainable energy economy. Existing electrolyzer technologies can be inefficient, expensive, and unable to dynamically respond to fluctuating renewable energy sources.
Solution
Verdagy offers a patented single-cell electrolysis technology designed for efficient and scalable green hydrogen production, optimized for integration with variable renewable energy sources. The company's electrolyzers feature a single-cell architecture that enables real-time matching to variable energy sources, eliminating the need for stack replacements and minimizing operating expenses. Verdagy's solution delivers industry-leading efficiencies and the lowest levelized cost of hydrogen (LCOH). Digital controls and a unique service model enable plant-level performance guarantees and the lowest operating costs.
Target Audience
The primary target audience includes companies in the chemical, steel, and ammonia industries, as well as renewable energy developers and project integrators seeking cost-effective and scalable green hydrogen production solutions.
Features
- Patented single-cell architecture for high-current density and efficient hydrogen production
- Real-time matching to variable renewable energy sources, maximizing utilization and minimizing energy waste
- Wide dynamic range and turndown ratios for operational flexibility
- Digital controls and predictive monitoring for optimized performance and reduced downtime
- Plant-level performance guarantees and a comprehensive service model
- 2 Megawatt Electrolyzer in Operation
- Patents in Electrolysis, Cells, Materials, Stack and Controls