Californian start-up Verdagy will enhance the development and commercialisation of its scalable, low-cost hydrogen technology, having today (Feb 9) raised $25m in a successful financing round.
With the new capital, the firm wants to demonstrate its first commercial 10 cell stack at 2MW capacity and deliver its first 20MW “eDynamicTM” electrolyser in the near future.
Verdagy’s large-scale water electrolysis incorporates the advantages of alkaline electrolysis and proton exchange membrane technologies and eliminating their disadvantages.
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