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
25 October 2024
Investors in hydrogen, CCUS and other energy transition technologies face uncertainty over the outlook for government support after November’s presidential election
22 October 2024
Hydrogen is making inroads as a fuel for power plants as governments seek clean fuels to back up intermittent wind and solar
21 October 2024
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas
18 October 2024
Project in northeast of country set to start up in 2025 as developer signs technology deal with Icelandic firm Carbon Recycling International
