Verdagy
Canvas Category OEM : Chemical
Verdagy offers a commercially available product that is on track to be on price parity with fossil fuels, and we are ready to partner and scale with your decarbonization efforts. Verdagy is forging the fastest path to broad market adoption for green hydrogen. We strive for the lowest capital investment and operating costs, that scale across a wide range of industries including oil and gas, fertilizers, industrial chemicals, steel, mining and transportation. Verdagy’s patented, single-cell architecture enables our electrolyzers to seamlessly pair in real-time with variable energy sources, and provide leading efficiencies, to enable the industry’s lowest levelized cost of hydrogen (LCOH). Verdagy’s electrolyzers feature the widest dynamic range and turndown ratios in the industry for maximum flexibility, with very low gas crossover. Our digital controls and unique service model enable plant-level performance guarantees and the lowest operating costs.
Assembly Line
Inside a Green-Hydrogen Pilot Plant
The process that Verdagy’s technology facilitates is called alkaline water electrolysis. An electrolyte solution, in this case potassium hydroxide (KOH), is pumped through an electrolyzer, which adds electricity to the mix, splitting the water molecules into hydrogen on the negatively charged (cathode) side and oxygen on the positively charged (anode) side.
The KOH isn’t consumed, so it gets mixed with new water, to replace what was split, and pumped back into the electrolyzer to continue the process. Verdagy CTO Tom McWaid says the electrolyte’s role is simply to increase the conductivity of the water and make the process more energy efficient.
This process takes place within Verdagy’s “smart cells,” which work together to make up one of the electrolyzers. Each cell can be monitored in real time, turned up or down to respond to fluctuating energy costs, and can be swapped out or serviced when needed. Multiple electrolyzers can be put together to increase the output of a green-hydrogen plant.
Doral, a Leading Global Renewables Developer, Announces Strategic Green Hydrogen Agreement with Verdagy
Verdagy, a green hydrogen electrolysis company with over a decade of technology and product development experience, announced today a strategic agreement with Doral, a leading renewable energy developer, in which Verdagy will supply green hydrogen electrolysis systems to Doral through 2030. The agreement is global with a focus on green hydrogen projects Doral is developing in Europe, United States, Australia and the Middle East.
This partnership is imperative to accelerate the adoption of green hydrogen; society has recognized green hydrogen as the most attractive solution to reduce 25 percent of global energy-related carbon dioxide emissions by decarbonizing difficult-to-abate sectors such as fertilizers, oil and gas, mining, transport and steel.
Shell and Verdagy to Collaborate on Renewable Hydrogen Projects
Verdagy, a renewable hydrogen electrolysis company with over a decade of technology and product development experience, announced today that Shell provided technical endorsement of Verdagy’s eDynamic® electrolyzers. This major step qualifies Verdagy as a supplier in its upcoming green hydrogen projects. Verdagy worked with the Shell team to successfully complete a rigorous “HAZOP” (safety) review along with a detailed Design and Technology Development Review of Verdagy’s electrolyzers, as necessary and important steps to commercial adoption within Shell.
Verdagy secures Series B funding led by Temasek and Shell Ventures
Verdagy, a pioneer in scaling electrolyzer technologies for industrial markets, today announced the closing of a $73-million Series B funding round. Temasek and Shell Ventures co-led the Series B round, with participation from new global investors Bidra Innovation Ventures, BlueScope, Galp, Samsung Venture Investment, Toppan Ventures, Tupras Ventures, Yara Growth Ventures and Zeon Ventures.
The new funding will enable Verdagy to accelerate the launch and commercialization of its eDynamic® 20 megawatt (MW) electrolyzer module, which will serve as a fundamental unit to future systems at the 200MW scale and beyond. Following initial commercial unit deployments with existing partners, Verdagy will expand deployment of its novel eDynamic electrolyzer technology to additional customers in heavy industries such as oil and gas, ammonia, steel and e-fuels to support global industrial decarbonization.