Verne Achieves Hydrogen Storage Milestone

Verne successfully demonstrated the world’s first cryo-compressed hydrogen (CcH2) truck in Southern California in late 2024. During the testing, Verne drove the truck hundreds of miles and conducted multiple refueling events with Verne’s novel CcH2 filling equipment. The test validated the density and dormancy benefits of CcH2 and the reliability and durability of the system under real-world operating conditions. These test results confirm the advantages of CcH2 relative to existing hydrogen storage methods, preparing Verne to commercialize the technology in various markets, beginning with hydrogen distribution.

Verne’s breakthrough cryo-compressed hydrogen technology is the most efficient method of storing and distributing hydrogen. CcH2 enables 33% greater hydrogen storage density than liquid hydrogen and 87% greater density than traditional 700 bar compressed hydrogen. Additionally, CcH2 has lower densification costs and experiences less hydrogen boil-off losses relative to liquid hydrogen. Verne estimates that these improvements enable 40% cheaper hydrogen distribution costs relative to existing technologies.

During the demonstration in late 2024, Verne validated both the storage and fueling systems under relevant operating conditions, including operation of the truck on rugged off-road terrain. This is an important step towards commercialization of Verne’s CcH2 technology. Following this successful technical demonstration, Verne will conduct hydrogen distribution pilots with key customers before scaling up to full commercial hydrogen distribution operations.

One early market for hydrogen distribution is replacing diesel generators, delivering hydrogen to operate zero-emission hydrogen-to-power generators. Customers from a variety of sectors are seeking access to clean power and are not currently being served by the grid or by existing hydrogen distribution technologies. The efficiency and low-cost of CcH2 distribution make it feasible to deliver affordable clean energy anywhere without relying on interconnection to the grid. Verne has received interest from customers in construction, warehouses, ports, EV charging and remote events. Beyond commercializing the technology for CcH2 distribution, Verne will pursue onboard storage for Class 8 trucks and other heavy-duty vehicles.

“This demonstration is an important step forward for CcH2 and proves the strong technical foundation we’ve built at Verne,” said Ted McKlveen, Co-founder & CEO of Verne. “Across sectors, decarbonization efforts are being hindered by limited access to clean energy and zero-emission alternatives that meet operational standards. CcH2 can serve these customers and replace fossil fuels in some of the most demanding, most essential sectors of the economy.”

Since its founding in 2020, Verne has made rapid progress to develop and commercialize CcH2. In 2022, Verne initiated a project funded by ARPA-E to develop energy-efficient cryo-compression technology. In 2023, Verne demonstrated a world-record 29 kg storage tank at Lawrence Livermore National Laboratory, validating the CcH2 storage system in a stationary environment. Verne has also collaborated with key partners to develop the full technology ecosystem of CcH2, including coupling provider ARTA, cryopump provider Cryostar, refueling hose provider Lifeguard Technologies, and flow meter provider Rheonik. Building on this successful 2024 demonstration, which was supported by Alberta Innovates and Diesel Tech Industries, Verne will progress to pilots with these partners and leading commercial customers in 2025.

Verne | www.verneh2.com