Versogen spun out of the University of Delaware based on its work by professor Yushan Yan and aims to build production capacity of “green” hydrogen. | PHOTO COURTESY OF UD
NEWARK – Versogen, a startup spun out of the work of a University of Delaware professor that seeks to build scalable “green” hydrogen production, recently landed its first round of investor funding, raising $14.5 million.
Now headquartered at the Delaware Innovation Space on the DuPont Experimental Station, Versogen has been developing a commercial version of its electrolyzer, which separates hydrogen and oxygen from water, and doesn’t produce a harmful carbon dioxide byproduct. The company aims to decarbonize heavy, hard-to-abate industries with its technology by powering the electrolysis with renewable energy from wind or solar farms.
The Versogen team, led by professor Yushan Yan,…