Permascand Top Holding AB announced that the company has signed a collaboration agreement with Verdagy for the development of a novel electrochemical cell to produce green hydrogen. The Collaboration Agreement will accelerate the commercialization of the Electrochemical Cell that is the foundation for the Verdagy Water Electrolysis (VWE) process. 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.