The path to a sustainable energy future depends on affordable green hydrogen
Hydrogen is both a tremendously versatile energy carrier and industrial gas. It is useful for storing and delivering energy and as a principal building block for a range of heavy industries and processes.
Today, 95% of hydrogen is created from carbon-emitting technologies, such as steam methane reforming and coal gasification.
The problem: Global demand for hydrogen is forecasted to grow exponentially. This is coupled with the urgent need to reduce global carbon emissions by 7.6% each year, for any hope of achieving the Paris Climate temperature reduction goal of 1.5℃ by 2050.
The solution: The net-zero emission alternative is affordable green hydrogen. Producing low-cost hydrogen with Versogen electrolyzers—powered by renewable electricity from wind and solar—can significantly decarbonize hard-to-abate industries and drive the global energy transition toward a carbon-neutral economy.
Versogen is ramping up to eliminate >1.4M metric tons of carbon emissions annually by 2030.
The hydrogen future is now, and Versogen is poised to become the global leader in leveraging hydrogen’s sustainability and versatility to achieve a carbon-free society. Our electrolyzer decarbonizes hard-to-abate sectors with the generation of green hydrogen at scale—efficiently, reliably, and affordably.
“Hydrogen is the most versatile and the most scalable solution to getting to zero emissions.”
— Kobad Bhavnagri, Head of Special Projects at BloombergNEF
The lowest cost innovation for generating green hydrogen
Versogen systems are engineered to make hydrogen affordable and sustainable at every stage—from the materials used in manufacture right through to the costs of daily operation.
- Patented membranes, created from benign chemicals, are inexpensive and high-performing.
- Revolutionary AEM electrolyzer is built with earth-abundant construction materials.
- Plain water and renewable energy are the only inputs needed.
- Versogen electrolyzer stacks are designed to respond smoothly to intermittent electricity flowing from wind and solar arrays.
Green hydrogen will become cheaper than fossil fuel H2 production methods by 2030
The price for wind and solar energy continues to drop. This rapid trajectory for renewables makes net-zero green hydrogen deployments completely cost-effective—and delivers on hydrogen’s long-anticipated promise as a clean energy source.
Multiple studies indicate that carbon-neutral green hydrogen will achieve cost parity with brown, gray, and blue hydrogen* by 2030–and likely sooner. In large commercial deployments where renewable electricity is at $20/MWh, electrolyzer facilities could produce green hydrogen at a price that can directly compete with the carbon-producing blue hydrogen systems in use today.