Hystar is developing high-efficiency PEM electrolysers
Hystar secures $26mn in series B
Norwegian PEM electrolyser manufacturer plans to have gigawatt-scale production capacity in place by 2025
Norwegian proton-exchange-membrane electrolyser manufacturer Hystar has secured $26mn in a series B funding round co-led by venture capital firm AP Ventures and Japanese conglomerate Mitsubishi. Additional investors in the round include Belgium-based Finindus, Japan’s Nippon Steel Trading, private equity firm Hillhouse Investment and Shanghai-headquartered Trustbridge Partners, as well as existing investors venture capital firm Sintef Ventures and investment company Firda. Hystar aims to use the capital to scale up commercial operations, with an automated gigawatt-capacity production line in place by 2025. $26mn – Series B funding Last year, Hystar raised NOK50mn ($5mn) in a funding
Also in this section
19 December 2024
More must be done to lower the cost of green hydrogen and its derivatives
18 December 2024
Central Asian country’s vast wind and solar resources have attracted a $50b electrolytic hydrogen mega-project aimed at exporting to Europe
17 December 2024
Sultanate prepares to offer international hydrogen project developers more land concessions but refines auction design as global industry sentiment cools
17 December 2024
Siemens Energy and Air Liquide collaborate on first commercial-scale electrolyser to be deployed at an industrial site in Europe
