About

Rapid product development built on decades of national lab research

From the lab to the market

The Verne co-founders, Ted, David, and Bav, identified a problem in 2019: while there were many companies working on hydrogen production, no one was focusing on storage and transport. The middle of the hydrogen value chain was being overlooked.
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Through their research they dove into decades of development led by Lawrence Livermore National Lab and BMW to develop a new, dense form of hydrogen storage: cryo-compression.

Cryo-compression had the ideal properties to move and store hydrogen cheaply: high-density without liquefaction.
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With rapid product development techniques and the original experts from LLNL & BMW, Verne has been able to turbocharge the development of cryo-compression.

The team has already set world records and reached on-vehicle demonstrations in short time.

Verne team comes from X companies

Bringing innovation to scale

2020 - 2024

Founded Verne to solve the hydrogen storage problem
Received grant from Stanford University

2020

Built first cryo-compressed hydrogen storage tank
Added original inventor of CcH2 to Verne team
Signed first major customer contract
Received grant funding from Breakthrough Energy, MIT, Caltech and National Science Foundation

2021

Raised funding from Amazon, Caterpillar and Collaborative Fund
Received first LOIs from fleets for trucks with Verne storage system
Added industry leaders in hydrogen storage and cryogenics to the team
Signed collaboration agreement with leading hydrogen company
Received ARPA-E funding to develop densification technology

2022

Set world record for CcH2 storage (3x previous record)
Completed on-vehicle demonstration with OEM
Signed contract with second OEM
Received Department of Energy grant

2023

Received grant to develop and pilot first CcH2 truck
Raised funding from Trucks Venture Capital, United Airlines Ventures, and NextEra
Won grant from U.S. Army

2024+

How we partner

We are proud to be working with some of the most forward-thinking hydrogen suppliers, vehicle manufacturers, truck fleets, and other industry participants.
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We welcome additional partners to our clean transportation.

Get in touch