$15 million is being invested in Australian advanced hydrogen technology company, Hysata. This funding will help Hysata expand production of its high-efficiency hydrogen electrolysers.
Green hydrogen is a critical fuel for decarbonising heavy industry. Electrolysers are the key technology to produce that green hydrogen at scale. Hysata is developing high-efficiency electrolysers with a simpler, cheaper and modular system.
These innovative electrolysers will bring down the cost of green hydrogen and reduce energy usage as they operate at 95% efficiency. This is compared with around 65% efficiency for other modern electrolysers.
This $15 million investment through the Clean Energy Finance Corporation (CEFC) is a critical part of the $172 million expansion of manufacturing at Hysata's Port Kembla facility. This expansion aims to reach gigawatt-scale production of the facility's electrolyser capacity.
The Australian Renewable Energy Agency (ARENA) has also supported Hysata from its early days as a start-up. ARENA has provided over $30 million to help Hysata develop, build and demonstrate its technology at commercial scale.
