Verdagy, a company specializing in renewable hydrogen electrolysis with a wealth of experience exceeding ten years in technology and product development, made a significant announcement on March 28, 2024. They disclosed that Shell has granted technical validation for Verdagy's eDynamic® electrolyzers. This pivotal milestone positions Verdagy as an approved supplier for Shell's forthcoming green hydrogen projects. The collaboration between Verdagy and Shell involved a close partnership to successfully navigate through a comprehensive "HAZOP" (Hazard and Operability) safety review, along with an intricate Design and Technology Development Review of Verdagy's electrolyzers. These meticulous steps were deemed indispensable for the integration of Verdagy's technology into Shell's operational framework.

Andrew Beard, Shell's Vice President of Hydrogen, remarked, "Verdagy has demonstrated excellence in the development and commercialization of dynamic and cost-effective electrolyzers suitable for large-scale infrastructure projects." He added, "We are delighted with the outcomes of our evaluations and eagerly look forward to further collaborations with Verdagy in the future."

Shell meticulously conducted Technical Feasibility and Technology Development Reviews for Verdagy's 20-megawatt (MW) eDynamic Electrolysis system. These comprehensive reviews involved a detailed scrutiny of electrolyzer operation, performance, stability, and safety. Verdagy's utilization of the 20 MW electrolyzer serves as a foundational element for infrastructure-scale installations, scaling up to 100 MW and beyond.

Marty Neese, CEO of Verdagy, expressed his satisfaction with the culmination of the year-long partnership between Verdagy and Shell. He stated, "The Verdagy and Shell teams are pleased with the successful conclusion of this collaboration, and we anticipate widespread adoption of Verdagy's advanced electrolyzers within the industry following Shell's endorsement of the technology."

Verdagy's electrolyzers stand out for their capability to achieve the lowest levelized cost of hydrogen (LCOH). This achievement is facilitated through a combination of high current densities, the broadest operating range in the industry, and rapid response capabilities, enabling seamless integration with renewable energy sources. Verdagy remains steadfast in its commitment to realizing the U.S. Department of Energy's objective of achieving a levelized cost of $2/kg for renewable hydrogen by 2026. In recognition of their dedication, the company has been provisionally awarded a $39.6 million grant by the Department of Energy to accelerate the high-volume manufacturing of Advanced Alkaline Water Electrolysis eDynamic electrolyzers.

Verdagy has successfully brought to market advanced electrolysis technology designed for the large-scale generation of renewable hydrogen. Their pioneering solution not only lowers initial capital investment but also minimizes ongoing operational costs, resulting in the industry's most competitive levelized cost of hydrogen. In addition to its manufacturing facility in Silicon Valley, Verdagy conducts research and development activities as well as operates highly automated commercial pilot plants in Moss Landing, California.