Hysata announces $111m USD Series B investment round

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2024-05-15 23:30:04

Hysata has closed the largest Series B in Australian clean tech history, announcing an $111m USD investment round with strong backing from existing major strategic and financial global investors. This is a significant milestone that demonstrates global recognition for Hysata’s game changing high efficiency electrolyser (41.5 kwh/kg incl BoP) with intrinsically low capex and a capital efficient path to mass manufacturing.

Australia-based company Hysata is developing new high-efficiency electrolysers that aim to produce green hydrogen at scale with higher energy efficiency and lower costs than alternative technologies. The company’s technology combines engineering and science in a unique capillary-fed alkaline electrolyser that uses less energy to convert water to hydrogen.

bp Ventures and Templewater led the recent $111.3 million USD investment round in the company, with strong backing from existing major strategic and financial investors IP Group Australia, Kiko Ventures (IP Group plc’s cleantech platform), Virescent Ventures on behalf of Clean Energy Finance Corporation, Hostplus, Vestas Ventures and BlueScopeX.

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