Galp has announced an investment of €4.56 million in Verdagy, a U.S. company focused on developing a scalable type of electrolysis technology for industrial applications. This development involves a lower initial investment and is less dependent on critical raw materials than other comparable technologies.
The retail brand’s investment in the tech company comes as part of a financing round of which the California-based company raised a total of $73 million from strategic investors led by Temasek and Shell Ventures.
