Moss Landing-based Verdagy, a green hydrogen electrolysis company with over a decade of technology and product development, announced today that it has entered into a joint development and marketing agreement with Samsung Engineering, a world leading engineering solutions and project management company. Verdagy and Samsung Engineering will collaborate on infrastructure-scale projects for the production of green hydrogen to jointly provide green hydrogen project developers with preeminent engineering and project management solutions.

"Verdagy is accelerating the adoption of green hydrogen by providing customers the most capital-efficient, reliable and scalable electrolyzer solutions. Coupling Verdagy's products with Samsung's engineering expertise and track record of executing infrastructure scale projects is a win for green hydrogen developers," explains Verdagy CEO Marty Neese.

"Samsung Engineering is excited about this agreement, since Verdagy has commercialized high efficiency, reliable, cost-competitive electrolyzers," said Wonsik Cho, Vice President of Samsung Engineering. "Verdagy's flexible architecture is also well suited for a broad set of applications and geographies, making it an ideal solution for our projects across the globe.”

The partnership is imperative to accelerate the adoption of green hydrogen; society has recognized green hydrogen as the most attractive solution to reduce 25% of global energy-related carbon dioxide emissions by decarbonizing difficult-to-abate sectors such as fertilizers, oil and gas, mining, transport and steel.

In the past 12 months, there have been numerous announcements to advance hydrogen:

• Air Products & Chemicals (APD): Announced green hydrogen production facility in Arizona.

• Bloom Energy (BE): Plans to build a solid-oxide electrolyzer manufacturing facility in California.

• Chevron (CVX): Partnered to develop a hydrogen hub in California.

• Clean Energy Fuels (CLNE): Plans to build a network of hydrogen fueling stations across the US.

• ExxonMobil (XOM): Investing in a low-carbon hydrogen production facility in Texas.

• FirstElement Fuel (FE): Partnered with Plug Power to develop hydrogen-powered delivery trucks.

• General Motors (GM): Investing in hydrogen fuel cell technology.

• Plug Power (PLUG): Plans to build a green hydrogen production facility in New York.

• Shell (SHEL): Plans to build a hydrogen hub in California.

• Walmart (WMT): Piloting hydrogen-powered delivery trucks in California.