Australia's Hysata and POSCO Collaborate for Green Hydrogen Advancement
Key Ideas
- Hysata and POSCO signed agreements to enhance green hydrogen technology for production.
- The collaboration signifies the steel industry's shift towards clean energy sources like hydrogen.
- The joint development focuses on accelerating the commercialization of Hysata's electrolyser technology.
- Earlier investments by POSCO in Hysata's Series B funding round paved the way for this partnership.
Australian green hydrogen producer Hysata has partnered with South Korean steelmaker POSCO and its POSCO Eco & Challenge unit to advance electrolyser technology for green hydrogen production. This collaboration reflects a trend of steelmakers turning to hydrogen as a clean energy source to reduce carbon emissions. Through joint agreements, the companies aim to combine technical expertise to develop materials and systems for electrolysers, expediting the commercialization of Hysata's technology. Additionally, POSCO had previously invested in Hysata's Series B funding round, leading to this strategic partnership.