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Hysata Raises $111M to Scale Green Hydrogen Production

Hysata Raises $111M to Scale Green Hydrogen Production

HesataAn Australian green hydrogen electrolyzer maker has raised $111 million USD in lead investment led by bp Ventures and Templewater.

Hysata specializes in developing electrolyzers that promise to produce green hydrogen at scale, boasting higher energy efficiency and lower costs than alternative technologies. The company's unique capillary-fed alkaline electrolyzer uses the latest engineering and science to minimize energy consumption while converting water to hydrogen.

The investment round saw strong participation from major strategic and financial investors, including IP Group Australia, Keiko Ventures, Viriscent Ventures (on behalf of Clean Energy Finance Corporation), Host Plus, Vestas Ventures, and Bluescope X. Additionally, new investors such as POSCO Holdings, POSCO E&C, IMM Investment Hong Kong, Shinhan Financial Group, Twin Towers Ventures, Oman Investment Authority's VC arm IDO, and TelstraSuper have shown growing confidence in Hysata's ground-breaking technology. Joined the funding round.

The funding will be used to increase productivity at Hysata's manufacturing facility in Wollongong, New South Wales and further develop its technology to achieve gigawatt-scale manufacturing. Paul Barrett, CEO of Hysata, emphasized the company's commitment to accelerate the decarbonization of hard-to-decarbonize sectors such as steel, chemical manufacturing, and heavy transportation through efficient and reliable electrolyzer solutions.

With its high-efficiency and low-cost design, Hysata aims to reduce the surface cost of hydrogen, contributing to the global transition towards low-carbon energy solutions. The investment is consistent with BP Ventures' strategic focus on advancing low-carbon hydrogen production, offering potential synergies with BP's hydrogen energy hubs, including H2 Kwinana and Australian Renewables. Projects like Energy Hub (AREH).

Temple Water, as a joint lead investor, highlights the transformative potential of Hysata's electrolyzer technology in addressing climate challenges and supporting sustainable energy sources. This investment reflects Temple Water's commitment to supporting mission-driven companies dedicated to addressing global climate issues.

As demand for low-carbon hydrogen continues to grow, Hysata's innovative electrolyzer technology is poised to play a key role in enabling the widespread adoption of green hydrogen, driving global efforts toward a sustainable and decarbonized future. .

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