Tüpraş Ventures expands global footprint with investments in green hydrogen startups

Tüpraş Ventures, the venture capital arm of Tüpraş, has strengthened its green hydrogen portfolio by investing in Vancouver-based Ionomr, building on its earlier stake in California-based Verdagy.

Tüpraş Ventures continues to invest in successful green hydrogen startups. Building on its investment in Verdagy last year, Tüpraş Ventures has now invested in Ionomr, further expanding its portfolio.

Advanced technologies for green hydrogen production

Green hydrogen is produced by splitting water through an electrolyzer using electricity generated from renewable sources. This process yields hydrogen without causing carbon emissions. Verdagy, an electrolyzer company, stands out with its industry-leading current density, proprietary single-cell architecture and elimination of stack replacements to enable the lowest LCOH. After rapidly scaling up from the lab and proving its operational capabilities with a 2 MW electrolyzer plant, the company is now ramping its high-volume manufacturing facility and gearing up to ship 20 MW electrolyzer modules to large-scale green hydrogen plants. Electrolyzers producing green hydrogen rely critically on specialized membranes as a key component. In addition to pioneering durable, innovative membrane and polymer technologies, Ionomr develops products for both the electrolyzer and fuel cell sectors.