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Green H2 startup Verdagy inks global partnership with Samsung Engineering

Image for representation purposes only. Source: Tomas Ovalle / Silicon Valley Business Journal

California-based electrolysis startup Verdagy has announced a joint development and marketing agreement with Samsung Engineering on infrastructure-scale projects for the production of green hydrogen and offering project developers with related engineering and management solutions.

Founded in 2021, the startup is backed by Samsung Venture investment. The company's 'eDynamic' cells are claimed to reduce both upfront capital costs and operating expenses for the developers, to achieve the industry's lowest levelized cost of hydrogen.

"Verdagy is accelerating the adoption of green hydrogen by providing customers the most capital-efficient, reliable and scalable electrolyzer solutions", said Marty Neese, CEO of Verdagy. "Coupling Verdagy's products with Samsung's engineering expertise and track record of executing infrastructure scale projects is a win for green hydrogen developers", he added. 

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It was earlier reported that Verdagy tested its cells in a 500 kW electrolyser system that produced hydrogen at a rate of 3 kg/hour per cell. Last year, the company announced its manufacturing facility in Silicon Valley to make 20 MW modules, with its R&D and commercial pilot plants located in Moss Landing.

Commenting on the partnership, Wonsik Cho, Vice President of Samsung Engineering, said, "Samsung Engineering is excited about this agreement, since Verdagy has commercialized high efficiency, reliable, cost-competitive electrolyzers".

"Verdagy's flexible architecture is also well suited for a broad set of applications and geographies, making it an ideal solution for our projects across the globe", he added.

Samsung Engineering is said to be involved in several large-scale green hydrogen projects, including an upcoming project in Malaysia and feasibility studies for hydrogen projects in Chile.

(With inputs from H2 View)

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