Hysata and POSCO E&C Collaborate on Next-Gen Electrolysers for Green Hydrogen Production
Key Ideas
- Hysata and POSCO E&C have signed Joint Development Agreements to advance high-efficiency electrolyser technology for green hydrogen production.
- The collaboration aims to develop materials, systems, and construction processes to accelerate the commercialization of Hysata's next-gen electrolyser technology.
- The partnership between the two companies is expected to drive down the levelised cost of hydrogen production and contribute to decarbonizing sectors like steelmaking.
- Both Hysata and POSCO Group emphasize the importance of this collaboration in achieving sustainable growth and transitioning to a low-carbon production system.
Hysata, an Australian company specializing in high-efficiency electrolysers for green hydrogen production, has signed Joint Development Agreements with POSCO Holdings and POSCO Eco & Challenge (POSCO E&C) to collaborate on advancing next-generation electrolyser technology. This collaboration follows previous investments by POSCO Holdings and POSCO E&C in Hysata's Series B funding round. The agreements involve joint efforts to enhance the development and deployment of Hysata's innovative electrolyser technology. POSCO Holdings will contribute technical knowledge to develop materials and systems for high-efficiency electrolysers, aiming to accelerate commercialization. On the other hand, POSCO E&C will focus on the construction of electrolysers to support the green hydrogen industry. Hysata's CEO expressed excitement about the partnership, emphasizing the potential to drive down the cost of hydrogen production and transform the economics of green hydrogen. POSCO Group also highlighted the importance of innovation and collaboration in achieving sustainable growth and decarbonization. The joint development effort is expected to play a significant role in advancing global green hydrogen initiatives and contributing to decarbonizing challenging sectors like steelmaking.