Hysata raises $42m after hydrogen breakthrough

“This technology is truly transformational, and it’s kind of a once-in-a-generation leap in efficiency that’s been recognised by the investors, the venture investors and the strategic investors,” Hysata chief executive officer Paul Barrett told The Australian Financial Review.“The efficiency wins in green hydrogen have such a profound impact on the green hydrogen production. Essentially, Hysata is producing an electrolyser that will deliver the world’s lowest costs green hydrogen and save project developers billions of dollars.”The two largest components of producing hydrogen are electrolysers and the cost of energy. To produce green hydrogen, which would have virtually no emissions, rapid and significant increases in renewable energy generation will be required.Hysata’s process will reduce a developers’ required renewable energy build for a given hydrogen…

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