Californian electrolyser innovator Verdagy has secured $73m in Series B financing with the backing of Temasek and Shell Ventures to launch and commercialise its 20MW electrolyser module.
The round co-led by Temasek and Shell Ventures saw the participation of Bidra Innovation Ventures, BlueScope, Galp, Samsung Venture Investment, Toppan Ventures, Tupras Ventures, Yara Growth Ventures and Zeon Ventures.
Hoped to enable Verdagy to accelerate the launch and commercialisation of its eDynamic® 20MW electrolyser module which is set to serve as a fundamental unit of its future systems at 200MW+ scale.
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