Hysata raises $29.5mn in new funding

Australian alkaline electrolyser manufacturer says its capillary-fed electrolysis cell promises reduced capex and opex compared with conventional water electrolysers

Australian alkaline electrolyser manufacturer Hysata has raised A$42.5mn ($29.5mn) in a funding round. Finance came from clean-tech investor Kiko Ventures, intellectual property commercialisation group IP Group Australia, pension fund Hostplus and the venture capital arms of steel firm Bluescope and wind turbine manufacturer Vestas.  Finance body the Clean Energy Finance Corporation also invested A$10mn into the funding round, building on its initial A$750,000 investment in the early commercial development of the firm. Hysata’s capillary-fed electrolysis cell promises reduced capex and opex compared with conventional water electrolysers by introducing gas chambers that reduce the number of b