Australian Green Hydrogen Producer Hysata Partners with South Korean Steelmaker POSCO for Advanced Electrolyser Technology
Key Ideas
- Hysata and South Korean steelmaker POSCO signed agreements to advance electrolyser technology for green hydrogen production.
- The collaboration aims to develop materials and systems for electrolysers to speed up the commercialization of Hysata's technology.
- These agreements reflect the increasing interest of the steel industry in green hydrogen as a clean energy source to reduce carbon emissions.
- POSCO and its unit POSCO Eco & Challenge have made investments in Hysata's Series B funding round to support the partnership.
Australian green hydrogen producer Hysata recently announced partnerships with South Korean steelmaker POSCO and its POSCO Eco & Challenge unit to advance the development of electrolyser technology for green hydrogen production. The joint agreements focus on combining technical expertise to create materials and systems for electrolysers, with the goal of accelerating the commercialization of Hysata's innovative technology. These collaborations highlight the growing trend of collaboration between the global steel industry and the green hydrogen sector, showcasing steelmakers' shift towards hydrogen as a sustainable energy source to lower their carbon footprint. POSCO's investments in Hysata's Series B funding round further solidify the commitment to this partnership, indicating a shared vision for advancing green hydrogen initiatives. The agreements signify a step forward in the quest for cleaner energy solutions and emphasize the importance of cross-industry cooperation in driving sustainable innovations.