Published by Todd Bush on May 11, 2022
Investment will scale up the development of low-cost green hydrogen electrolyzer stacks
Versogen, an industry-leading green energy startup, announces a $14.5M Series A funding round led by Doosan Corporation and its affiliate HyAxiom, Inc.. Other investors include The Chemours Company, TechEnergy Ventures, Wenstone H2Tech LLC, TOP Ventures America LLC, a CVC arm of Thai Oil Public Company Limited, DSC Investment, and CN Innovations Investments Limited. The new funding will support the development and prototype of Versogen’s next-generation electrolyzer stacks and expand the production of their patented anion exchange membranes (AEM).
>> In Other News: GridPoint Honored as Silver Stevie® Award Winner in 2022 American Business Awards®
Versogen was founded by Yushan Yan, the Henry B. du Pont Chair of Chemical and Biomolecular Engineering at the University of Delaware and a member of the National Academy of Engineering. The company aims to decarbonize heavy, hard-to-abate industries by producing low-cost green hydrogen with their zero-emission AEM electrolyzer that uses earth-abundant materials, water, and renewable energy to produce hydrogen at scale.
“Versogen, since its inception, has been making significant progress in scaling up its AEM production, and our AEMs have found a long list of loyal customers around the globe. This new investment will allow us to scale up the membrane manufacturing process further to bring down the costs and expand our customer base,” comments Yan. “More importantly, this new investment will enable Versogen to develop the next generation AEM electrolyzer stacks. We are incredibly pleased to have our new investors led by Doosan Corporation join us on this exciting journey to a net-zero future.”
Versogen systems are engineered to make green hydrogen affordable and sustainable—from the materials used in manufacturing right through to the costs of daily operation. Here’s how:
Patented anion exchange membranes, created from commodity chemicals, are inexpensive and high-performing.
The revolutionary electrolyzer is built with earth-abundant construction materials.
Plain water and renewable energy are the only inputs needed.
Versogen electrolyzer stacks are designed to respond smoothly to intermittent electricity flowing from wind and solar arrays.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 💡 Bill Gates-backed Startup Says a Global Gold Rush for Buried Hydrogen is Picking Up Momentum 🌍 Largest Hydrogen Highway to Link America and Europe: 10 Million Metric Tons and a...
Inside this Issue 🌿 Gevo to Acquire Red Trail Energy Assets in North Dakota, Including Operating Low-carbon Ethanol Production and Carbon Sequestration Facilities, Expanding Platform for Sustainab...
Inside this Issue 💡 1PointFive's South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding 🔗 H2 Clipper's Patented 'Hydrogen Ledger' Uses Blockchain Technology to Track Purity a...
Plan to Build California’s First Carbon Removal and Storage Project Gets a Big Boost
BAKERSFIELD, Calif. — A plan to build California’s first carbon storage facility received a big boost Thursday night. The Kern County Planning Commission voted to give the state’s largest oil produ...
Largest Hydrogen Highway to Link America and Europe: 10 Million Metric Tons and a New Color
America and Europe have been strong trade partners for hundreds of years. A new venture to ship clean hydrogen across the Atlantic Ocean is set to bring the relationship into a greener and more env...
AFC Energy Launches Hyamtec Limited (“Hyamtec”) to Unlock the Global Hydrogen Value Chain
DUNSFORD, England--(BUSINESS WIRE)--Hyamtec, the UK’s newest hydrogen company, has been launched by AFC Energy plc to deliver next-generation modular ammonia cracking technology. This launch repres...
Technip Energies Appoints Benjamin Lechuga as New Chief Strategy & Sustainability Officer
Technip Energies announces the appointment of Benjamin Lechuga as Chief Strategy & Sustainability Officer and member of the Group Executive Committee >> In Other News: JBS USA and GreenG...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.