Verdagy
Verdagy develops Dynamic Alkaline Water Electrolysis (AWE) electrolyzers for large-scale green hydrogen production, targeting heavy industries including chemicals, refining, steel, ammonia, e-fuels and biofuels. Its eDynamic® modular 20 MW platform, backed by 80+ patents, targets sub-$2/kg LCOH by 2028.
- Company typePrivate
- Founded2021
- HeadquartersMoss Landing, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Verdagy does
Verdagy is a US-based green hydrogen technology company founded in 2021 and headquartered in Moss Landing, California. The company develops Dynamic Alkaline Water Electrolysis (AWE) systems that combine the durability of traditional alkaline electrolysis with the dynamic operating range typically associated with PEM systems. Its core product, the eDynamic® electrolyzer, is a 20 MW modular building block that scales to 200 MW and larger installations, featuring a patented single-cell architecture that enables individual cell monitoring and service, eliminates stack replacements, and achieves an 80:1 dynamic range with 100%-5% dynamic operation in under two minutes. Technology is supported by 80+ patents and validated by 21,000+ hours of operations and more than 200 tons of hydrogen produced at the company's 2 MW Moss Landing commercial demonstration plant.
Verdagy's commercial strategy targets heavy industrial customers in chemicals, oil & gas, ammonia, steel, e-fuels, biofuels, and refining sectors that require large-scale, cost-competitive green hydrogen for decarbonization. The firm monetizes primarily through electrolyzer hardware sales, supplemented by FEED and engineering services (e.g., the Black & Veatch-led 60 MW Texas project) and direct green hydrogen supply (e.g., to Mainspring Energy's linear generators). Verdagy's go-to-market is enterprise field sales with multi-year contracts, supported by strategic channel and engineering partnerships with Samsung Engineering and Black & Veatch, and an Energize™ simulator that enables customers to optimize plant sizing, LCOH and IRR. Major commercial commitments include a 1+ GW global agreement with Doral covering Europe, the US, Australia and the Middle East through 2030, a 320 MW deployment with Petron Scientech for a biorefinery producing SAF and e-methanol, and supply for Mainspring Energy's power generation use cases.
In 2024, Verdagy opened the first DOE-supported gigawatt-scale electrolyzer manufacturing facility in the United States in Newark, California (100,000+ sq ft), backed by a $39.6 million Department of Energy grant. The company is privately held and venture-backed, having raised approximately $137 million cumulatively from Khosla Ventures, Temasek, Shell Ventures, TDK Ventures, BHP Ventures, Yara Growth Ventures, Samsung Venture Investment, Galp, BlueScope, Tupras Ventures, Orbia Ventures, Bidra, Toppan Ventures and Zeon Ventures. Shell's completion of a year-long HAZOP safety review qualified Verdagy as an approved supplier, and a global joint development agreement with Samsung Engineering supports international project execution. Leadership transitioned in June 2025 with Rahul Bammi becoming CEO, followed by the appointment of Gaurav Sinha as Chief Commercial Officer in September 2025 to drive global expansion.
Verdagy firmographics
Firmographics- Name
- Verdagy
- Legal name
- Verdagy, Inc.
- Website
- https://verdagy.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Verdagy develops Dynamic Alkaline Water Electrolysis (AWE) electrolyzers for large-scale green hydrogen production, targeting heavy industries including chemicals, refining, steel, ammonia, e-fuels and biofuels. Its eDynamic® modular 20 MW platform, backed by 80+ patents, targets sub-$2/kg LCOH by 2028.
- Ownership category
- akta.pro rank
Verdagy industry classification
Industry- Product category
- Green Hydrogen Electrolyzers
- NAICS
- Electrical Equipment Manufacturing (3353)
- SIC
- Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Hydropower Turbines, Generators & Balance-of-Plant Equipment Manufacturing (EUAMAHAF)
Keywords
Where Verdagy is headquartered
LocationHeadquarters
- HQ city
- Moss Landing
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Verdagy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Electrolyzer Hardware Sales: Sale of eDynamic electrolyzer systems to industrial customers for hydrogen production. Modular 20 MW building blocks scalable to 200 MW+ installations. Revenue from equipment sales plus associated installation and commissioning services.
- Green Hydrogen Supply: Direct supply of green hydrogen produced from own facilities (e.g., Moss Landing plant supplying Mainspring Energy for linear generators).
- FEED and Engineering Services: Front-end engineering design studies and project development services (e.g., Black & Veatch FEED study for 60 MW Texas project).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | 20 MW eDynamic Electrolyzer Module |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Verdagy product offering
Product offeringCore offering
Verdagy designs, manufactures and sells Dynamic Alkaline Water Electrolysis (AWE) electrolyzer systems for large-scale green hydrogen production. Its flagship product is the eDynamic® 20 MW modular electrolyzer, a building block that scales from 20 MW to 200 MW and larger plant sizes for industrial customers in heavy industries. The company also operates commercial demonstration plants (2 MW, 500 kW, 100 kW) in Moss Landing, California, and offers the Energize™ proprietary plant-design simulator to customers.
Product overview
Verdagy offers a unified product architecture centered on the eDynamic® electrolyzer product line. The core offering is the 20 MW eDynamic® electrolyzer module, a modular building block designed to scale from 20 MW to 200 MW and beyond for infrastructure-scale clean hydrogen production. The company also operates commercial demonstration plants (2 MW, 500 kW, and 100 kW) in Moss Landing, California that validate the technology. Supporting the core electrolyzer hardware is Energize™, a proprietary simulator for optimal plant design and asset optimization. The technology is based on Dynamic Alkaline Water Electrolysis (AWE) with a patented single-cell architecture.
Differentiator
Problem solved
Functional benefit
Brands
- eDynamic®: Verdagy's 20 megawatt (MW) eDynamic electrolyzer is a modular building block, capable of scaling to 200 MW and larger plants. It offers dynamic alkaline water electrolysis with real-time matching to renewable energy sources.
- Dynamic AWE
- Energize
Products and services
- eDynamic® Electrolyzer Verdagy's flagship 20 MW electrolyzer module based on Dynamic Alkaline Water Electrolysis. Serves as a modular building block that scales from 20 MW to 200 MW and larger plants for infrastructure-scale clean hydrogen production by industrial customers.
- Energize™ Simulator Proprietary cloud-based simulator enabling customers to optimally design clean hydrogen plants, including sizing of solar, wind, storage and electrolysis systems; outputs LCOH, operating profiles and optimized asset returns/IRR for project developers.
- FEED and Project Engineering Services Front-end engineering design studies and project development services for clean hydrogen projects (e.g., Black & Veatch FEED study for 60 MW Texas project). Sold alongside Verdagy electrolyzer supply to support customers through to Final Investment Decision.
- Green Hydrogen Supply Direct supply of green hydrogen produced from Verdagy's own facilities (e.g., Moss Landing plant supplying Mainspring Energy linear generators) for power generation and other downstream applications.
Quantifiable outcome
- 21,000+ hours commercial operations with 2 MW plant
- +7 more outcomes
Companies that use Verdagy
Customer profileNamed customers3 records
Segments6 records
Ideal customer profiles5 records
Verdagy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Verdagy partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- Mainspring EnergycorePartnership to supply hydrogen for Mainspring's linear generators at Moss Landing, California. Demonstrates clean, flexible on-site power solutions for grid resilience and datacenter applications.
- Black & VeatchcoreSelected as FEED contractor for 60 MW / 9,000 tons/year clean hydrogen project near Gulf Coast in Texas. FEED completion targeted May 2025 with FID in July 2025. Black & Veatch brings expertise in project execution, gas processing and hydrogen electrolysis projects across North America.
- Petron ScientechcoreStrategic partnership to deploy 320 MW of Verdagy's eDynamic electrolyzers in Petron's biorefinery for SAF, renewable diesel and e-Methanol production. Project will produce 45 KTA green hydrogen with 500 KTA CO2e reduction.
- ATI Inc.corePartnership for domestic US metal alloys supply. ATI supplies high-performing, high-quality specialty energy materials. Co-developed 'Coils-to-Cells' manufacturing process enabling vertical integration from metal coils to finished electrolyzer cells.
- DoralcoreGlobal strategic agreement for Verdagy to supply green hydrogen electrolysis systems through 2030. Focus on projects in Europe, US, Australia and Middle East. Doral developing 1+ GW green hydrogen pipeline.
- ShellcoreShell provided technical endorsement of Verdagy's eDynamic electrolyzers after year-long HAZOP safety review and detailed technology/design reviews. Qualifies Verdagy as approved supplier for Shell's green hydrogen projects.
- Samsung EngineeringcoreGlobal Joint Development and Marketing Agreement. Samsung Engineering and Verdagy collaborating on infrastructure-scale green hydrogen production projects to jointly provide engineering and project management solutions.
Scale indicators13 records
Recent moves5 records
Expansion highlights7 records
Verdagy competitors and assessment
Company assessmentDirect peers
- Thyssenkrupp Nucera: German alkaline and PEM electrolyzer manufacturer and Verdagy's most direct technology competitor, targeting the same industrial-scale green hydrogen customers (ammonia, steel, refining).
- Nel ASA: Norwegian electrolyzer manufacturer offering both alkaline and PEM technologies at gigawatt scale; directly competes with Verdagy in industrial decarbonization projects globally.
- Plug Power: US-based PEM electrolyzer and fuel cell company pursuing industrial-scale green hydrogen production; comparable in geography and end-customer focus to Verdagy.
- Electric Hydrogen: US-based PEM electrolyzer startup also pursuing large-scale industrial green hydrogen; similar stage and customer profile to Verdagy (heavy industry decarbonization).
- ITM Power: UK-based PEM electrolyzer manufacturer serving industrial-scale hydrogen production; competes with Verdagy in European heavy industry and renewable developer projects.
- Cummins (Accelera): Cummins' zero-emissions Accelera business manufactures PEM electrolyzers for industrial green hydrogen; large incumbent with comparable end-customers and project scale.
- SunFire: German electrolyzer company offering both alkaline and SOEC technologies for industrial-scale green hydrogen; competing directly in European heavy industry projects.
Emerging players
- Enapter: German AEM electrolyzer manufacturer focusing on smaller-scale and modular hydrogen production; adjacent technology with partial overlap in industrial customer base.
- Bloom Energy: US-based SOEC electrolyzer manufacturer targeting industrial-scale green hydrogen; competing with Verdagy for the same heavy industry decarbonization customers.
Broad incumbents
- Siemens Energy: Large diversified energy equipment manufacturer with an electrolyzer business unit; broader portfolio but overlapping in industrial-scale hydrogen production and grid applications.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Verdagy social profiles
Digital presenceVerdagy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Verdagy leadership team
Management profileNumber of profiles
Profiles10 records
Verdagy funding detail
Funding detailFunding overview
Funding rounds5 records
Investors17 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Verdagy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Verdagy
What does Verdagy do?
Verdagy designs, manufactures and sells Dynamic Alkaline Water Electrolysis (AWE) electrolyzer systems for large-scale green hydrogen production. Its flagship product is the eDynamic® 20 MW modular electrolyzer, a building block that scales from 20 MW to 200 MW and larger plant sizes for industrial customers in heavy industries. The company also operates commercial demonstration plants (2 MW, 500 kW, 100 kW) in Moss Landing, California, and offers the Energize™ proprietary plant-design simulator to customers.
Is Verdagy a public or private company?
Verdagy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Verdagy founded?
Verdagy was founded in 2021. It employs 101 to 250 people.
Where is Verdagy based?
Verdagy is headquartered in Moss Landing, United States, in the North America region.
How does Verdagy make money?
Three revenue lines are on record. Electrolyzer Hardware Sales are the primary driver. The others are green Hydrogen Supply and FEED and Engineering Services.
Who are Verdagy's main competitors?
Direct peers on record are Thyssenkrupp Nucera, Nel ASA, Plug Power, Electric Hydrogen, ITM Power, Cummins (Accelera) and SunFire. Emerging players are Enapter and Bloom Energy. Siemens Energy is listed as a broad incumbent.
Does Verdagy have an API?
No public API is recorded for Verdagy.
What industry is Verdagy in?
Verdagy's product category is Green Hydrogen Electrolyzers. Its primary akta.pro industry code is EUAMAHAF, Hydropower Turbines, Generators & Balance-of-Plant Equipment Manufacturing. Its NAICS code is 3353 and its SIC code is 3620.