Wollongong green hydrogen startup Hysata raises $172 million in Series B funding
Wollongong-based green hydrogen startup Hysata has received backing by heavy-hitting global investors in a $172 million (US$111 million) Series B funding round.
Wollongong-based green hydrogen startup Hysata has received backing from heavy-hitting global investors in a $172 million (US$111 million) funding round that is being described as Australia’s largest-ever Series B round by a cleantech startup.
Hysata has pioneered a high-efficiency electrolyser that promises to transform how green hydrogen is produced and help accelerate the decarbonisation of sectors like steel making, chemical manufacturing and heavy transport.
The massive funding injection comes less than a year after the startup received around $24 million in grant funding from the Commonwealth and Queensland governments to help it undertake a commercialisation project in Rockhampton, Queensland.
Sign up to continue
You've reached your article limit. Create a free account, or login to continue. Get our free newsletters in your inbox and extended article access by submitting your email.
