Verdagy closes funding round; Global X launches two ETFs
Green hydrogen at the right scale and cost is key to decarbonising industrial processing.
Verdagy has closed a $25 million funding round led by TDK Ventures, which would enable the ongoing development and scale-up of unique, large-scale electrolyser technology.
New funding will enable Verdagy to scale up and demonstrate world-class green hydrogen electrolyser technology.
Verdagy approach to large scale water electrolysis is to incorporate the advantages of alkaline electrolysis (AWE) and proton exchange membrane electrolysis (PEM) while designing out their inherent limitations.
It created a new membrane-based approach to electrolysis to operate at industry-leading high current densities and a wide dynamic operating range, which would enables low capital and operating costs.
Syndicate members represent leaders in various industries focused on using green hydrogen and renewable energy for deep decarbonisation, including BHP Ventures, Doral Energy Tech Ventures, Khosla Ventures, Orbia Ventures, Shell Ventures, and Temasek.
Marty Neese, CEO of Verdagy, said, “This round of funding will enable Verdagy to continue its scale-up activities and further demonstrate our world-class electrolyser technology.
Global X launches WNDY and HYGN
Global X ETFs has launched two UCITS ETFs on London Stock Exchange and Deutsche Börse Xetra: the Global X Wind Energy UCITS ETF (WNDY) and the Global X Hydrogen UCITS ETF (HYGN) to capture increasing demand for renewable energy production and clean technologies.
These two funds represent Global X’s latest additions to its UCITS product line-up in Europe and showcase its continued commitment to the European market.
WNDY and HYGN seek to invest in companies that benefit from the advancement of the global wind energy industry and the hydrogen industry, respectively. Both are part of Global X’s Thematic Growth family, which offers investors targeted exposure to companies worldwide, driving long-term, paradigm-shifting themes.
