Zeon invests in start-up to advance green hydrogen plans

Tokyo – Zeon Corp. has invested in Verdagy Inc., a US start-up developing “scalable, cost-effective” green hydrogen electrolysis technology, the Japanese group has announced. 

Verdagy’s hydrogen production technology employs an innovative membrane-based alkaline electrolyser module that can flexibly modulate hydrogen production volume.

Output can, thereby, be “adjusted to changes in renewable energy prices, enabling green hydrogen to be produced at optimal cost for a range of industries.”

The Japanese group said it aims “to determine the feasibility of implementing green hydrogen production facilities using Verdagy’s electrolyzer technology in chemical plants.”

Zeon also plans to explore future business collaborations associated with its investment in the start-up – carried out via California-based venture capital arm Zeon Ventures Inc.