Hysata Revolutionizes Green Hydrogen Production with $111M Funding
May 10, 2024, 9:44 pm
Location: Australia, New South Wales, Wollongong City Council
Employees: 11-50
Founded date: 2021
Total raised: $212M
Hysata, a Wollongong-based company, secures a game-changing investment to propel its high-efficiency electrolyser technology towards widespread commercial availability.
Hysata, a rising star in the green hydrogen sector, has just secured a massive $111 million in Series B funding. Led by bp Ventures and Templewater, this investment marks a significant milestone for the Australian company as it aims to revolutionize the production of green hydrogen.
The company's cutting-edge electrolyser technology promises to transform how green hydrogen is produced, offering higher energy efficiency and lower costs compared to existing technologies. With a focus on hard-to-abate sectors like steel making, chemical manufacturing, and heavy transport, Hysata is on a mission to accelerate the deep decarbonization of key industries.
This funding round, backed by a world-class syndicate of investors, underscores the game-changing impact Hysata is having on the green hydrogen landscape. With plans to expand production capacity and reach gigawatt-scale manufacturing, the company is poised to drive down the levelized cost of hydrogen from its iconic beachside manufacturing facility in Wollongong.
CEO Paul Barrett expressed his excitement about the future, stating, "Our mission at Hysata is to deliver the world's most efficient, simple, and reliable electrolysers. With high efficiency, low capex, and a mass-manufacturable design, Hysata is set to lead the way in green hydrogen production."
With a team of around 75 staff and plans to grow to over 200 employees in the coming years, Hysata is gearing up for expansion across multiple continents. The company's innovative electrolyser technology, coupled with strong investor support, positions it as a key player in the global shift towards sustainable energy sources.
As the world looks towards decarbonization and the transition to a low-carbon economy, Hysata's groundbreaking technology could play a pivotal role in shaping the future of green hydrogen production. With a focus on energy efficiency, cost savings, and environmental impact, Hysata is paving the way for a cleaner, greener future.
In a world where every innovation counts, Hysata's rise to prominence in the green hydrogen sector is a testament to the power of cutting-edge technology and strategic investment. As the company continues to push boundaries and drive towards widespread commercial availability, the future of green hydrogen production looks brighter than ever.
Hysata, a rising star in the green hydrogen sector, has just secured a massive $111 million in Series B funding. Led by bp Ventures and Templewater, this investment marks a significant milestone for the Australian company as it aims to revolutionize the production of green hydrogen.
The company's cutting-edge electrolyser technology promises to transform how green hydrogen is produced, offering higher energy efficiency and lower costs compared to existing technologies. With a focus on hard-to-abate sectors like steel making, chemical manufacturing, and heavy transport, Hysata is on a mission to accelerate the deep decarbonization of key industries.
This funding round, backed by a world-class syndicate of investors, underscores the game-changing impact Hysata is having on the green hydrogen landscape. With plans to expand production capacity and reach gigawatt-scale manufacturing, the company is poised to drive down the levelized cost of hydrogen from its iconic beachside manufacturing facility in Wollongong.
CEO Paul Barrett expressed his excitement about the future, stating, "Our mission at Hysata is to deliver the world's most efficient, simple, and reliable electrolysers. With high efficiency, low capex, and a mass-manufacturable design, Hysata is set to lead the way in green hydrogen production."
With a team of around 75 staff and plans to grow to over 200 employees in the coming years, Hysata is gearing up for expansion across multiple continents. The company's innovative electrolyser technology, coupled with strong investor support, positions it as a key player in the global shift towards sustainable energy sources.
As the world looks towards decarbonization and the transition to a low-carbon economy, Hysata's groundbreaking technology could play a pivotal role in shaping the future of green hydrogen production. With a focus on energy efficiency, cost savings, and environmental impact, Hysata is paving the way for a cleaner, greener future.
In a world where every innovation counts, Hysata's rise to prominence in the green hydrogen sector is a testament to the power of cutting-edge technology and strategic investment. As the company continues to push boundaries and drive towards widespread commercial availability, the future of green hydrogen production looks brighter than ever.