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Verdagy

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Industrial-sized hydrogen electrolyzers

Moss Landing, United StatesFounded 2016Energy

Valuation $250–500M Last recorded · 2023

Headcount <100 Current team size

Total funding $100–500M Disclosed equity funding

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About Verdagy

Verdagy is at the forefront of revolutionizing green hydrogen production through advanced water electrolysis technology. The company operates in the renewable energy sector, focusing on creating high-performance cells, electrolyzers, and plants for large-scale hydrogen production. Verdagy's solutions are designed to achieve the lowest upfront capital costs and the most favorable unit economics for hydrogen production. The company serves industrial clients looking to decarbonize their operations and reduce reliance on fossil fuels. Verdagy operates laboratory and pilot plant facilities in Moss Landing, California, where it continues to develop and scale its innovative technology. The business model revolves around selling its proprietary electrolysis technology and providing ongoing support and maintenance services. Revenue is generated through the sale of equipment, technology licensing, and service contracts.

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At a glance

Status: Operational
Founded: 2016
Headquarters: Moss Landing, United States
Employees: 50
Open positions: 2
Dealroom signal: 62.7/100
Industry: Energy
Sector: Energy, Hydrogen, Sustainable Development Goals, Climate Tech, Electrolysis, Green Hydrogen, Hydrogen Production, Hard Tech, DT and LS, science-based
Technology: Hardware, Deep Tech
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
GRANTOther financing	Mar 2024	$40M	—	US Department of Energy	↗
SERIES BOther financing	Aug 2023	$73M	$292M	BlueScope · Yara Growth Ventures · Tupras Ventures · Temasek	↗

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Growth signals

Verdagy website traffic

Latest recorded traffic for Verdagy is 2.7K monthly website visits, up 22.7% over the last three months. Verdagy's team declined 20.6% over the past year.

Latest monthly visits2.7K 3-month web change+22.7% 1-year team growth-20.6%

Monthly website visitsNov 2022–Jul 2026

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GEGreenzo EnergyGreen hydrogen energy solutions	New Delhi, India	Operational
OEOort EnergyCost-efficient PEM electrolyser systems for green hydrogen	Bristol, United Kingdom	Operational
LHLINE HydrogenA game-changer in energy production by delivering cost effective clean, green renewable hydrogen with multiple end uses	Australia	Operational
OHOhmiumCreates innovative products and services that enable a sustainable way of life	Newark, United States	Operational
NENewtraceBuilds electrolyzers to produce environmentally friendly hydrogen	Bengaluru, India	Operational
GEGen2 EnergyCreates, runs, and manages a green hydrogen supply chain	Horten, Norway	Operational
VEVersogenDeveloped breakthrough electrolyzer technology that uses water and renewable energy to produce green hydrogen at scale —reliably and affordably	Wilmington, United States	Low Activity