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
1 December 2023
Aircraft of varying sizes and in varying regions are likely to use different technolo-gies to decarbonise, making regulation challenging
30 November 2023
International investors are looking to exploit Morocco’s increasingly well-recognised potential to be one of the world’s top producers
30 November 2023
Production of green hydrogen and fuels from rapidly expanding renewable power sector becoming increasingly important to country’s energy strategy
29 November 2023
Centrica and Mitsubishi agree to explore development of facility at Bord Gais Energy site in Cork
