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Energy Tech Series A Founded 2018

Versogen

Versogen is a provider of green hydrogen generation solutions using its patented anion exchange membrane (AEM) electrolyzer technology. The company breakthrough electrolyzer systems use water and renewable energy to produce green hydrogen at scale reliably and affordably, built with earth-abundant materials that substantially reduce industrial carbon emissions. Versogen AEM technology combines the advantages of…

📍 Wilmington, United States · Energy Storage Tech

Funding snapshot

Last roundSeries A
Amount$15M
Date18 June 2022
Total raised$15M
Team size21

About

Versogen is a provider of green hydrogen generation solutions using its patented anion exchange membrane (AEM) electrolyzer technology. The company breakthrough electrolyzer systems use water and renewable energy to produce green hydrogen at scale reliably and affordably, built with earth-abundant materials that substantially reduce industrial carbon emissions. Versogen AEM technology combines the advantages of alkaline and PEM electrolysis, offering high efficiency, low cost, and versatility without requiring precious metal catalysts. The company also manufactures and supplies AEM membranes for hydrogen generation applications. Versogen solutions target industrial hydrogen consumers, energy storage applications, and the broader hydrogen economy, laying the foundation for a sustainable energy future. Founded in 2018 and headquartered in Wilmington, Delaware, the company has raised approximately 5.5 million in a Series A round with investors including HyAxiom, Chemours, TechEnergy Ventures, DSC Investment, Thaioil, Pangaea Ventures, and support from ARPA-E and the University of Delaware.

Business model

Energy Storage Tech > Hydrogen > Hydrogen Generation > Electrolysis > Alkaline

Institutional investors

HyAxiom Chemours TechEnergy Ventures DSC Investment CN Innovations Thaioil TOP Ventures America Weinstone H2Tech Delaware University of Delaware Delaware Small Business Development Center Unidel Foundation ARPA-E GCxN Third Derivative

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