Verdagy, a green hydrogen developer with new electrolyzer technology to decarbonize industrial processing at scale, has raised a $25 million funding round led by TDK Ventures. The round included participation of Orbia Ventures, BHP Ventures, Doral Energy Tech Ventures, Khosla Ventures, Shell Ventures and Temasek.

Verdagy (derived from verde - green, agy - energy) is innovating water electrolysis technology for the large-scale production of green hydrogen. Verdagy's industry-leading solution achieves both the lowest upfront capital costs and the lowest unit economics for production.