Verdagy Closes Funding Round Led By Tdk Ventures And Joined By Hydrogen And Renewable Energy Leaders Across Four Continents.
Verdagy Closes Funding Round Led By Tdk Ventures And Joined By Hydrogen And Renewable Energy Leaders Across Four Continents.
02/09/22, 9:00 AM
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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Verdagy (derived from verde – green, agy – energy) is innovating water electrolysis technology for the large-scale production of green hydrogen. Verdagy's industry leading solution achieves both the lowest upfront capital costs and the lowest unit economics for production. Verdagy operates laboratory and pilot plant facilities in Moss Landing, California to further develop and rapidly scale the technology platform. For more information, visit us on www.verdagy.com or follow us on LinkedIn.