Orbia Ventures Joins $25M Investment Syndicate in Funding Verdagy, a Green Hydrogen Technology Innovator - Seite 2

Says Sameer Bharadwaj, Chief Executive Officer of Orbia, “We believe that green hydrogen at the right scale and cost is key to decarbonizing industrial processing of steel, aluminum, cement and chemicals—and in combination with captured CO2, enables the production of other chemical feedstocks and liquid fuels for marine and aviation applications.” Bharadwaj continues, “Orbia hopes to contribute to Verdagy’s success with its expertise in basic and advanced materials, large-scale chemical processes and a keen focus on decarbonization technologies that support a sustainable future.”

“We see green hydrogen electrolysis as the heart of the clean energy revolution,” says Eitan Dekel, Managing Director of Orbia Ventures. “With an outstanding team and strong technology, Verdagy is positioned to take a leading role in a fast growing and massive market. We are fortunate to team up with them and leading investors in supporting this exciting opportunity,” adds Dekel.

Through its Ventures arm, Orbia is making correlated investments in food security and growth, water management, infrastructure development, data access, health advancement and sustainable energy, energy storage and decarbonization, with green hydrogen development as a focal area for powering a world where people and planet thrive.

About Verdagy

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. Verdagy operates laboratory and pilot plant facilities in Moss Landing, California to further develop and rapidly scale the technology platform. For more information, please visit www.verdagy.com or follow on LinkedIn.

About Orbia

Orbia is a community of companies bound by a shared purpose: to advance life around the world. The Orbia companies have a collective focus on ensuring food security, connecting communities to data infrastructure, reducing water scarcity, reinventing the future of cities and homes and expanding access to health and wellness with basic and advanced materials and solutions. Orbia operates in the Precision Agriculture, Data Communications, Building and Infrastructure, Fluorinated Solutions and Polymer Solutions sectors. The company has commercial activities in more than 110 countries and operations in over 50, with global headquarters in Mexico City, Boston, Amsterdam, and Tel Aviv. To learn more, please visit www.orbia.com.