Versogen
- Company typePrivate
- Founded2018
- HeadquartersWilmington, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
Versogen firmographics
Firmographics- Name
- Versogen
- Legal name
- Versogen, Inc.
- Website
- https://versogen.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Versogen industry classification
Industry- Product category
- Green Hydrogen Electrolyzers
- NAICS
- Other Basic Organic Chemical Manufacturing (32519)
- SIC
- Industrial Organic Chemicals (2860)
- akta.pro primary industry
- Separators & Membranes Manufacturing (EUAFABAE)
- akta.pro secondary industry
- Electrolytes & Additives Manufacturing (Liquid, Gel, Solid-State) (EUAFABAD)
Keywords
Where Versogen is headquartered
LocationHeadquarters
- HQ city
- Wilmington
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Versogen business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Membrane and Ionomer Sales: Versogen sells PiperION anion exchange membranes and ionomers directly to customers. Products are available in various thicknesses (20-80 µm rolls) and configurations, with pricing from $500-$2000 per m² for membranes and $80 per 20mL vial for ionomer suspensions.
- Distributor Sales: Products distributed globally through authorized distributors including Fuel Cell Store (US), Fuel Cell Earth (US), QuinTech (EU), K&R Creation (Japan/Korea), and distributors in China (Sinero, SCI Materials).
- Technology Licensing: Versogen licenses its AEM stack technology, design know-how, and materials expertise to partners such as InSolare Energy for manufacturing facilities in specific markets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | PiperION-A20-HCO3 (20 µm membrane roll) |
| Unit Pricing | Pay-as-you-go | PiperION-A40-HCO3 (40 µm membrane roll) |
| Unit Pricing | Pay-as-you-go | PiperION-A60-HCO3 (60 µm membrane roll) |
| Unit Pricing | Pay-as-you-go | PiperION-A80-HCO3 (80 µm membrane roll) |
| Unit Pricing | Pay-as-you-go | PiperION-A5 Ionomer Suspension |
| Unit Pricing | Pay-as-you-go | Solid Ionomer Products |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels5 records
Versogen product offering
Product offeringCore offering
Versogen designs, manufactures, and sells patented PiperION poly(aryl piperidinium) anion exchange membranes (AEMs), ionomer suspensions, solid ionomers, and integrated AEM electrolyzer systems for green hydrogen production. Its products combine the low-cost materials of alkaline electrolyzers with the high efficiency and compact design of PEM electrolyzers, enabling pure-water-fed hydrogen generation using earth-abundant nickel catalysts at an estimated capital cost of $250/kW versus $600/kW for PEM systems.
Product overview
Versogen offers a unified portfolio centered on its proprietary PiperION® poly(aryl piperidinium) membrane platform technology. The core products include anion exchange membranes (AEM) in roll and sheet form (20-80 µm thickness), ionomer suspensions (liquid binders), and solid ionomers for MEA development. These membrane products are available directly from Versogen or through authorized global distributors (Fuel Cell Store, Fuel Cell Earth, QuinTech, K&R Creation, Sinero, SCI Materials). Versogen has expanded from a materials supplier to a system manufacturer with its AEM Electrolyzer—a complete hydrogen generation system that integrates the PiperION® membranes with nickel-based catalysts in a zero-gap, pure-water-fed configuration. The company serves multiple applications including green hydrogen production, fuel cells, CO2 electrolysis, and direct ammonia fuel cells.
Differentiator
Problem solved
Functional benefit
Brands
- PiperION: Proprietary poly(aryl piperidinium) anion exchange membrane and ionomer platform technology. Includes products: PiperION A, B, C, D, E, F, G, H membranes and ionomers.
Products and services
- PiperION AEM Membranes Patented poly(aryl piperidinium) anion exchange membranes (AEM) offering superior chemical stability, anion conductivity, mechanical robustness, and reduced water uptake. Available in multiple thickness variants (20-80 µm) in grades A through H for fuel cells, electrolyzers, and CO2 electrolysis applications, sold to industrial customers, fuel cell OEMs, and research labs.
- PiperION Ionomer Suspension Liquid ionomer solutions used as binders and conductive additives in membrane electrode assemblies (MEAs). Available in multiple IEC grades (PiperION-A5, B5, C5) at $80 per 20mL vial (5% w/w, 2.3 IEC) for different conductivity requirements, sold to MEA developers and fuel cell/electrolyzer manufacturers.
- PiperION Solid Ionomer Solid polymer ionomer products (PiperION-A, B, C) supplied in 0.8g quantities at $96 per unit (Special Order for B and C grades) for membrane electrode assembly development and research applications.
- Versogen AEM Electrolyzer Zero-emission AEM electrolyzer system integrating patented PiperION membranes with nickel-based catalysts and nickel foam porous transport layers in a zero-gap, pure-water-fed configuration. Achieves 1,020 mA cm-2 at 1.8V with 160-hour durability, produces high-purity pressurized hydrogen at ~$250/kW capex versus ~$600/kW for PEM, and is targeted at industrial customers in hard-to-abate sectors.
Quantifiable outcome
- Electrolyzer capital cost of $250/kW compared to $600/kW for PEM systems
- +3 more outcomes
Companies that use Versogen
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Versogen technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Versogen partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- InSolare Energy LimitedcoreVersogen partnered with InSolare Energy to develop and commercialize AEM electrolyzer technology for India's green hydrogen market. InSolare licensed Versogen's AEM stack technology, design know-how, and materials expertise to establish a 250-300 MW manufacturing facility in India, scalable to 1 GW. The partnership supports India's National Green Hydrogen Mission target of 5 million metric tons of annual green hydrogen production by 2030.
- Shell GameChanger Accelerator Powered by NREL (GCxN)coreVersogen was selected to participate in the fourth cohort of GCxN, receiving access to up to $250,000 in non-dilutive funding, NREL research capabilities, and Shell's incubator program to advance AEM electrolyzer technology toward commercialization.
- POCellTech Ltd.minorVersogen and POCellTech won a BIRD Energy Partnership award to develop a low-cost fuel cell system based on hydroxide exchange membranes. The binational partnership between W7energy (now Versogen) and POCellTech was one of eight projects selected, with total project value of $17.4 million.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Versogen competitors and assessment
Company assessmentBroad incumbents
- ITM Power: UK-listed PEM electrolyzer manufacturer with multi-hundred-MW stack deployments. Competes with Versogen for the same green hydrogen industrial and utility customers, but with far larger balance sheet and reference base.
- Chemours Company: Specialty chemical producer and Versogen Series A investor; supplies Nafion ionomer and hydrogen-related fluoropolymers used across PEM fuel cells and electrolyzers. Comparable as a membrane/ionomer supplier enabling hydrogen applications.
- Cummins / Accelera: Cummins' Accelera hydrogen business (formerly Hydrogenics) sells alkaline and PEM electrolyzers globally. Competes directly with Versogen for industrial electrolyzer procurement.
- Nel ASA: Norwegian listed incumbent with both alkaline and PEM electrolyzer product lines and a hydrogen fueling station business. Competes with Versogen across AEM's footprint in industrial-scale green hydrogen, with much larger manufacturing scale.
Direct peers
- Enapter: Italian-German AEM electrolyzer manufacturer selling modular green hydrogen stacks to commercial and industrial customers. The most direct competitor to Versogen given shared AEM chemistry and small-to-mid-scale modular product positioning.
- Ohmium: PEM electrolyzer company where Versogen's CTO Balsu Lakshmanan previously led the 100 kW PEM stack program. Competes with Versogen in modular/mid-scale green hydrogen stack deployment targeting industrial customers.
Others
- Plug Power:
- Giner (Giner ELX): PEM electrolyzer and electrochemical R&D company (now partially inside Plug Power) where Versogen scientific advisor Cortney Mittelsteadt was CEO. Comparable as a PEM/AEM adjacent technology developer with deep ties to Versogen's advisory bench and overlapping end-market focus on hydrogen generation.
Emerging players
- SunGreenH2: Singapore-based AEM electrolyzer startup focused on low-cost, scalable green hydrogen production. Comparable to Versogen in targeting cost parity with PEM via AEM chemistry and emerging-market deployments.
- EvolOH: Early-stage company building alkaline and AEM electrolyzer stacks for distributed green hydrogen. Closely comparable to Versogen as a startup AEM competitor focused on scaling stack technology outside PEM incumbents.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Versogen social profiles
Digital presenceVersogen compliance and trust
Trust signalCompliance1 record
Versogen financial estimates
Financial estimateRevenue estimate
Valuation estimate
Versogen leadership team
Management profileNumber of profiles
Profiles15 records
Versogen funding detail
Funding detailFunding overview
Funding rounds2 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Versogen 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 Versogen
What does Versogen do?
Versogen designs, manufactures, and sells patented PiperION poly(aryl piperidinium) anion exchange membranes (AEMs), ionomer suspensions, solid ionomers, and integrated AEM electrolyzer systems for green hydrogen production. Its products combine the low-cost materials of alkaline electrolyzers with the high efficiency and compact design of PEM electrolyzers, enabling pure-water-fed hydrogen generation using earth-abundant nickel catalysts at an estimated capital cost of $250/kW versus $600/kW for PEM systems.
Is Versogen a public or private company?
Versogen is a private company. It is classified as venture growth investor backed and is currently operating.
When was Versogen founded?
Versogen was founded in 2018. It employs 11 to 50 people.
Where is Versogen based?
Versogen is headquartered in Wilmington, United States, in the North America region.
How does Versogen make money?
Three revenue lines are on record. Membrane and Ionomer Sales are the primary driver. The others are distributor Sales and technology Licensing.
Who are Versogen's main competitors?
Broad incumbents on record are ITM Power, Chemours Company, Cummins / Accelera and Nel ASA. Direct peers are Enapter and Ohmium. Others are Plug Power and Giner (Giner ELX). Emerging players are SunGreenH2 and EvolOH.
Does Versogen have an API?
No public API is recorded for Versogen.
What industry is Versogen in?
Versogen's product category is Green Hydrogen Electrolyzers. Its primary akta.pro industry code is EUAFABAE, Separators & Membranes Manufacturing, with a secondary code of EUAFABAD, Electrolytes & Additives Manufacturing (Liquid, Gel, Solid-State). Its NAICS code is 32519 and its SIC code is 2860.