New Versogen brand reflects significant evolution of the company’s business model
(Wilmington, Del.) – W7energy, an industry-leading polymer startup, completes an extensive rebranding process and announces a new name—Versogen. The new brand reflects the company’s expanded vision and business model in the energy sector. Their patented anion exchange membrane (AEM) technology is being leveraged to design a breakthrough electrolyzer that will generate green hydrogen without any carbon emissions.
Today, 95% of hydrogen used by heavy industry is created by carbon-fueled systems. As global demand for hydrogen continues to grow exponentially, so does the need for emission-free production alternatives. Hydrogen produced with Versogen’s low-cost electrolyzers can significantly reduce carbon emissions from hard-to-abate industries.
“Our new name points to one of our core values: versatility,” comments Yushan Yan, CEO of Versogen. “Hydrogen is a versatile energy source with many applications, our young and dynamic team is versatile in developing pragmatic solutions to market needs, and our innovative energy technologies are versatile for use in a range of industries.”
The expanded business model to engineer electrolyzer systems drove the need for a new name and brand that more accurately reflects Versogen’s new vision. The state-of-the-art electrolyzer design, built with earth-abundant materials, uses only water and renewable energy to supply affordable green hydrogen. This low-cost approach to generating green hydrogen will transform the energy sector and play an important role in the global energy transition toward a carbon-neutral economy.
Over the last two years, Versogen’s rapid growth has been supported by more than $5 million in grants from multiple organizations, including:
- Blue Hen Proof of Concept Fund
- Delaware Innovation Space FastPass Award
- Unidel Foundation
- EDGE Grant – Delaware Division of Small Business
- Green Energy Fund – Delaware Department of Natural Resources and Environmental Control
- BIRD Foundation
Versogen (formerly W7energy) will substantially reduce industrial carbon emissions by cost-effectively producing hydrogen from renewable energy. Their innovative electrolyzer systems, built with patented membrane technology and earth-abundant materials, use water and electricity from wind and solar to generate green hydrogen—reliably and affordably. A University of Delaware spinoff, Versogen is located and growing at the Delaware Innovation Space since 2019. Read more at https:/Versogen.com/