Verdagy’s green hydrogen factory receives $39.6M DOE grant

URLhttps://www.manufacturingdive.com/editors/janselmo
SourceManufacturing Dive
Date Published03/22/2024
Author NameJoelle Anselmo

Additional Reshoring Information:

Company/Division name Verdagy
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):39.6
City reshored to:Newark
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredalkaline water electrolyzers for hydrogen energy
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$39.6 million grant from DoE
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