Verdagy Opens Electrolyzer Manufacturing Facility in California [Yahoo! Finance]
ATI Inc. (ATI)
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Source: Yahoo! Finance
The facility, which has more than 100,000 square feet of manufacturing space, will produce several gigawatts of electrolyzers. It is the first Department of Energy-supported electrolyzer manufacturing facility in the U.S. The company's gigawatt-scale factory was announced in 2023 and received a $39.6 million grant from the DOE in March 2024 to accelerate the high-volume manufacturing of Advanced Alkaline Water Electrolysis (AWE) eDynamic electrolyzers. High-volume production is scheduled to begin in the first quarter of 2025—a significant step in advancing green hydrogen manufacturing in the United States. Most Read on IEN: Verdagy makes advanced electrolysis systems that are used in the large-scale production of green hydrogen. The company's patented, single-cell architecture enables electrolyzers that pair in real-time with renewable energy sources with efficiencies that offer the industry's lowest levelized cost of hydrogen, according to the company. The company plans to re
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ATI
Earnings
- 10/29/24 - Miss
ATI
Sec Filings
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- 11/12/24 - Form SC
- ATI's page on the SEC website