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Verdagy Closes Funding Round Led By Tdk Ventures And Joined By Hydrogen And Renewable Energy Leaders Across Four Continents.

PRIVATEFeb 09, 2022

Round Type

Funding Round

Moss LandingManufacturingEnergy

Description

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. Spun out of Chemetry in early 2021 with seed investment from Khosla Ventures, Verdagy is leveraging years of electrochemical experience to develop technology that will meet the cost and performance targets necessary for broad adoption of green hydrogen across multiple industries.

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Company Information

Company

Verdagy

Location

11500 DOLAN RD.

Moss Landing, California, United States

About

Verdagy is innovating advanced electrolysis technology for the large-scale production of clean hydrogen. Its industry-leading solution reduces both upfront capital costs and ongoing operating expenses, to achieve the industry’s lowest levelized cost of hydrogen. In addition to its California factory, Verdagy operates its R&D and highly automated commercial plants in Moss Landing, California where it continues to advance its cutting-edge technology.

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