Verdagy (Moss Landing, Calif.) announced that it has entered into a joint development and marketing agreement with Samsung Engineering Ltd. (Seoul, South Korea), 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.
Verdagy and Samsung Engineering Announce a Global Joint Development & Marketing Agreement (Source: Verdagy)
“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.