Verdagy and Samsung Engineering announce global joint development and marketing agreement

Ideal partnership in technology, expertise and cost to accelerate green hydrogen adoption and decarbonize hard-to-reach industries

Moss Landing, California, March 7, 2024 /PRNewswire/ — verdazi, a green hydrogen electrolysis company with over 10 years of technology and product development, announced today that it has signed a co-development and marketing agreement with Samsung Engineering, a leading global engineering solutions and project management company. Verdagy and Samsung Engineering will collaborate on infrastructure-scale projects for green hydrogen production and jointly provide superior engineering and project management solutions to green hydrogen project developers.

“Verdagy is accelerating the adoption of green hydrogen by providing customers with the most capital-efficient, reliable and scalable electrolyser solutions. Verdagy’s products and Samsung’s engineering expertise and Our combined track record of delivering infrastructure-scale projects is a win for green hydrogen developers,” explains Verdagy. CEO Marty Nice.

“Samsung Engineering is excited about this agreement as Verdagy commercializes highly efficient, reliable and cost-competitive electrolyzers.” Cho Won-sik, Vice President of Samsung Engineering. “Verdagy’s flexible architecture makes it suitable for a wide range of applications and geographies, making it an ideal solution for our projects around the world.”

Partnerships are essential to accelerate the adoption of green hydrogen. Society believes green hydrogen is the most attractive option for reducing 25% of global energy-related carbon emissions by decarbonizing hard-to-reduce sectors such as fertilizers, oil and gas, mining, transportation and steel. I believe this is a viable solution.

About Verdasy
Verdagy is innovating advanced electrolysis technology for large-scale production of green hydrogen. Its industry-leading solution reduces both initial capital costs and ongoing operating costs, delivering the industry’s lowest levelized cost of hydrogen. In addition to its Silicon Valley factory, Verdagy operates research and development and highly automated commercial pilot plants in Silicon Valley. Moss Landing, California We continue to evolve cutting-edge technology. See below for more information. www.verdagy.com.

About Samsung Engineering Co., Ltd.
Samsung Engineering aims to create value based on the world’s best technological capabilities and contribute to customers, society, and people. Samsung Engineering is one of the world’s leading engineering solutions and project management companies, serving customers in a variety of industries including energy transition, oil and gas processing, refineries, petrochemicals, environmental, industrial, and bio. . We provide professional services throughout the project cycle, from specialized feasibility studies to design, procurement, construction, commissioning, maintenance and operations. Samsung Engineering has completed over 1,000 projects around the world.

Towards the future, we have expanded our value chain to include green infrastructure operations such as water treatment facilities and incinerators, as well as green solution businesses aimed at energy optimization and carbon neutrality, in order to become an environmentally friendly business that utilizes ESG for the future. . In order to take the lead in solving global warming issues ahead of changes in the global energy industry, we will provide optimal solutions based on our technology and know-how.

For more information, please visit www.samsungengineering.com.

Source Verdasy