Hysata
Canvas Category OEM : Chemical
Hysata is developing a completely new type of electrolyser, featuring the world’s most efficient electrolysis cell, coupled with a simplified balance of plant. Electricity makes up most of the cost of green hydrogen and therefore, the most efficient electrolyser will deliver the lowest cost hydrogen. Efficiency wins. Our disruptive, world-leading efficiency has been recognised via the publication of a paper in top-tier journal Nature Communications.
Assembly Line
World's highest-efficiency hydrogen system scales up for mass production
You have to throw some energy away to make hydrogen – typically around 20-30%, even with the best systems, which use around 52.5 kWh of energy to create a kilogram of hydrogen that can store 39.4 kWh of energy. It’s a waste of renewable energy, and it contributes to the high cost of a green fuel option that’s really struggling to compete against fossils and batteries in many applications.
That’s what makes Australian company Hysata’s capillary-fed electrolyzer such an interesting device; at 95% efficiency, it uses just 41.5 kWh of energy to create that kilogram of hydrogen, cutting down operational costs for hydrogen producers – while also cutting down on CAPEX by being cheaper to install and run, to boot. The result: the cheapest green hydrogen going around.
Hysata raises $111m USD led by bp Ventures and Templewater
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. The company also welcomed new major strategic and financial investors POSCO Holdings, POSCO E&C, IMM Investment Hong Kong, Shinhan Financial Group, Twin Towers Ventures, Oman Investment Authority’s VC arm IDO and TelstraSuper.
Hysata will use the funding to expand production capacity at its iconic beachside manufacturing facility in Wollongong, New South Wales and further develop its technology as it focuses on reaching gigawatt scale manufacturing.
Startups Look for Ways to Bring Down the Cost of Green Hydrogen
Companies are pouring a lot of money into the idea that hydrogen can help decarbonize the fossil-fuel-based economy. One drawback to hydrogen as a form of green energy, however, is that nearly all of the world’s hydrogen is produced in a greenhouse-gas-intensive process: heating natural gas with steam to split it into hydrogen and carbon dioxide. This type of hydrogen is known as gray hydrogen, or sometimes blue hydrogen if the factory has carbon-capture technology.
Green hydrogen currently costs between approximately $3 per kilo and $26 per kilo, according to data from S&P Global. The Energy Department has said it needs to cost about $1 per kilo to unlock new industrial applications. Closing that gap with current technology depends on renewable electricity becoming a lot cheaper. The Hydrogen Council, an industry group, says the cost of making hydrogen with electrolyzers could fall to $1.40 a kilogram by 2030 in the right circumstances, such as renewable electricity being available for as little as $13 per megawatt hour.
Start-up with ultra-efficient electrolyser, Hysata, to develop pilot factory after securing $29m
Australian start-up Hysata that says it has developed the world’s most efficient electrolyser has attracted A$42.5m ($29.4m) in an oversubscribed Series A funding round. The money will be used to grow the company’s team and “develop a pilot manufacturing facility” for its innovative “capillary-fed” technology, which it says will be able to deliver the “world’s lowest-cost green hydrogen” due to its superior efficiency.