World Economic Forum

The hidden 85%: How to make hydrogen cost-effective

May 2024

Delivery and refueling are responsible for a staggering 85% of hydrogen costs in transportation, with hydrogen production accounting for just 15% of final costs!

"Investing in cost reductions across the entire hydrogen value chain, and not just in hydrogen production, will enable hydrogen to displace diesel fuel and usher in a new era of heavy-duty transportation."

Read more: https://www.weforum.org/agenda/2024/05/hydrogen-hidden-costs-energy-transition/

Related News

Pennsylvania Department of Community & Economic Development

Verne establishes Data Center Innovation Hub in Pennsylvania

December 2025

Innovative solutions are required to efficiently address the growth in demand for power from data centers. Verne is establishing a Data Center Innovation Hub at our Pennsylvania location to develop next-generation power and cooling solutions in collaboration with our technical partners.

Thank you to Pennsylvania Department of Community & Economic Development for highlighting Verne's work in advancing critical energy solutions: https://pagetsitdone.com/key_industries/energy/case-study-verne

Governor's Press Office

Verne announces new Pennsylvania manufacturing facility with Governor Shapiro

July 2025

Muncy, PA, July 10, 2025 - Governor Shapiro announced the establishment of Verne’s new manufacturing facility in Muncy, PA. Verne will produce storage vessels for efficiently transporting hydrogen and other low-carbon molecules. The project will create 61 new jobs in Lycoming County and establish a domestic supply of critical energy storage infrastructure.

Energy demand is growing rapidly in sectors including data centers, robotics and advanced manufacturing. The nation’s aging electricity grid is struggling to meet the growth in energy demand and is constraining the growth of businesses in these key sectors. Verne has developed energy solutions to flexibly and efficiently deliver power to data centers, construction sites, ports, airports and other critical sectors. Establishing this manufacturing facility will allow Verne to scale up our production and deploy energy solutions that keep these critical industries running.

“After conducting a nationwide search, we determined that North Central Pennsylvania was the perfect place to establish our manufacturing footprint. The proximity to key partners in the region was a crucial factor, as it will allow Verne to leverage their expertise to optimize our supply chain and manufacturing processes,” said Ted McKlveen, Verne Co-founder & CEO. “This facility will accelerate our impact in delivering energy to power critical industries that are currently not being served by our nation’s electricity grid.”

Verne received $1.27 million in support from the Commonwealth of Pennsylvania: “This investment in Verne is another example of how the Shapiro Administration is diversifying our energy sector while fostering innovation and supporting the Commonwealth’s vital manufacturing industry,” said DCED Secretary Rick Siger. “It also shows what Governor Shapiro’s 10-year Economic Development Strategy is achieving — firmly establishing Pennsylvania’s status as a leader in innovation, economic development, and job creation.”

Verne is thankful for the support of Governor Shapiro, the Pennsylvania Department of Community and Economic Development (DCED), and the Williamsport/Lycoming Chamber of Commerce for this development.

Read more: https://dced.pa.gov/newsroom/governor-shapiro-announces-4-5-million-investment-from-energy-storage-innovator-verne-inc-to-build-its-first-manufacturing-facility-in-lycoming-county-creating-61-jobs-and-growing-pennsylvania/

 

About Verne

Verne’s mission is to decarbonize the most challenging sectors of the economy. Verne provides modern and rapidly deployable power solutions to critical sectors including data centers, construction sites, ports, and airports. Verne is supported by Amazon’s Climate Pledge Fund, Breakthrough Energy Fellows, Caterpillar VC, NextEra Energy Resources, United Airlines Ventures Sustainable Flight Fund, Collaborative Fund, ARPA-E, The U.S. Army, and other leading organizations.

Verne begins offering zero-emission on-site power generation to customers

May 2025

San Francisco, CA, May 30, 2025 — Verne is now offering zero-emission off-grid power to customers. Customers are increasingly seeking quiet, clean on-site power generation in applications including ports, EV charging, construction and data centers. Verne has partnered with a leading equipment rental company that supplies diesel generators to meet customers’ grid-independent power needs and has recently added hydrogen power generators to their equipment fleet. Verne will provide hydrogen fuel and fuel storage to create an integrated hydrogen-to-power solution available to customers nationwide.

In one of Verne’s recent deployments, the company demonstrated the integrated hydrogen-to-power offering in Southern California for customers in construction and EV charging. Verne delivered hydrogen to hydrogen fuel cell generators developed by EODev. The demonstration showcased the ease and efficiency of zero-emission, quiet on-site power generation with hydrogen generators. The combined offering is the lowest cost solution for customers seeking rapid, permit-friendly power.

“Verne was founded to provide reliable energy solutions to the most critical sectors of the economy,” said Ted McKlveen, Co-founder & CEO of Verne. “Working with established equipment rental partners will help us reach customers seeking clean, efficient off-grid power and allow us to accelerate deployment of our solutions in the most critical, most demanding sectors of the economy.”

Customers interested accessing zero-emission on-site power generation can reach out to Verne at contact@verne-power.com.

About Verne

Verne’s mission is to decarbonize the most challenging sectors of the economy. Verne provides zero-emission on-site power to critical sectors including construction, ports, EV fleets and data centers. Verne is supported by Amazon’s Climate Pledge Fund, Breakthrough Energy Fellows, Caterpillar VC, NextEra Energy Resources, United Airlines Ventures Sustainable Flight Fund, Collaborative Fund, ARPA-E, The U.S. Army, and other leading organizations.