Hysata Raises $111M for Hydrogen Tech

Australian-based Hysata has recently raised $111M in Series B funding, co-led by bp Ventures and Templewater.

The funding will be used to further develop their electrolyzer technology and to grow the team. Using a highly efficient electrolyzer cell, Hysata plans to reduce the cost of clean hydrogen production. This would allow for wider use in industries like steel, chemicals, and transportation.

Hysata is targeting gigawatt-scale manufacturing, which would help enable widespread commercialization of hydrogen technology.

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