Verdagy and Permascand will collaborate on the development and commercialization of a novel large aspect ratio electrolysis cell capable of managing the heat and stress created by operating at much higher current densities than currently available with today’s water electrolysis technology. The nearly three-square meter cell and membrane architecture are key to dramatically lowering the upfront capital costs of a cell and system. Taken together, very large cells operating at high current densities are more productive, thereby lowering hydrogen production costs. By partnering, Verdagy and Permascand will be able to bring this technology to the broader market with the unprecedented speed necessary to accomplish the goals of Net Zero.
Peter Lundström, CEO at Permascand, said: “Signing this Collaboration Agreement is further support of our partnership with Verdagy and its desire to bring novel green hydrogen technology to the market. Verdagy’s technology and our ability to scale the manufacture of high-end electrolysis equipment will assure that the Verdagy process has the support and backing to rapidly impact the decarbonization of many industrial processes on the market”.
Verdagy is currently modifying its pilot plant facilities in
About Verdagy
Verdagy is innovating water electrolysis technology for the large-scale production of green hydrogen. Verdagy’s industry leading solution has the potential to achieve both the lowest upfront capital costs and the lowest unit economics for production. The company’s technology will enable the decarbonization of large industrial sectors of the global economy and will make a very meaningful positive impact in the efforts to address climate change. Verdagy operates laboratory and pilot plant facilities in
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