Hysata

Hysata develops highly efficient electrolysers for green hydrogen production, based in Port Kembla, New South Wales, Australia. Their novel electrolysis cell requires only 41.5 kWh per kg of hydrogen, significantly more efficient than conventional systems, enabling green hydrogen costs under $2/kg, with potential for below $1.50/kg by mid-2020s. This simple, scalable design aims to reduce capital expenditure and support mass manufacturing, with the company targeting gigawatt-scale production and systems deployment by 2025. Hysata has raised $140.9 million in total funding across two rounds, including an AUD$42.5 million Series A, and employs between 101-200 individuals. Lead investors include IP Group and Clean Energy Finance Corporation (CEFC), and Hysata is reportedly in discussions with approximately 30 name-brand companies needing green hydrogen. Hysata was officially launched in 2021 by co-founders Paul Barrett and Gerry Swiegers.