Green hydrogen remains more expensive than fossil-based hydrogen because electrolysers have high capital costs, energy losses and scaling constraints.
R&D Focus
Water electrolysis, electrolyser stack design and green hydrogen production.
Innovative Solution
Versogen develops electrolyzer technology for water and renewable energy to produce green hydrogen at scale. The company produces high-performing hydroxide exchange membranes for a variety of applications, such as lowering the production costs of fuel cells and reducing industrial carbon emissions, and laying the foundation for a sustainable energy future.
Investment Funding
Last Funding Stage
Series A
Total Funding Amount
14.5M
Last Funding Amount
14.5M
Last Funding Date
10-05-2022
Startup Stage
Early Stage
Lead Investors
The Chemours Company, Third Derivative, DSC Investment, Doosan Group, TechEnergy Ventures
Revenue
$1M to $10M
People
Founders
Brian Setzler
Junhua Wang
Keda Hu
Lan Wang
Yushan Yan
About
Versogen develops electrolyzer technology for water and renewable energy to produce green hydrogen at scale. The company produces high-performing hydroxide exchange membranes for a variety of applications, such as lowering the production costs of fuel cells and reducing industrial carbon emissions, and laying the foundation for a sustainable energy future.
Products
Product
Anion-exchange membrane and electrolyser technology for lower-cost green hydrogen.
Star Product
Anion-exchange membrane platform – the principal named platform or lead commercial project.
Future Plan
Market Expansion
The InSolare partnership targets development and commercialisation in the Indian green hydrogen market.
M&A and Collabs
Collab
InSolare Energy: technology-transfer and commercialisation partnership for AEM stacks and electrolysers in India.
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