HySights Ratings Revolutionize New Energy Markets
Key Ideas
  • HySights Ratings is the first ratings agency focusing on low-emission hydrogen-based and bio-based fuels, vital for decarbonizing hard-to-abate industries.
  • The agency aims to address the uncertainty around project risk and returns in New Energy markets, where only 4% of projects reach the Final Investment Decision.
  • By providing a standardized metric to evaluate, compare, and benchmark New Energy projects globally, stakeholders can make informed decisions and enhance market scalability.
  • Headquartered in Singapore, HySights leverages the city-state's capabilities in energy trading and technology development to support stakeholders in the New Energy value chain.
HySights has launched as the world's first ratings agency for New Energy, focusing on low-emission hydrogen-based and bio-based fuels. These fuels are crucial for decarbonizing industries like steel, shipping, aviation, and heavy-duty transportation. The International Energy Agency reports that only 4% of projects in low-emission hydrogen reach a Final Investment Decision due to the lack of typical risk metrics. HySights Ratings provide stakeholders with a standardized metric to evaluate and compare different projects, addressing the market's uncertainty. The ratings cover commercial feasibility, cost of production, and emissions intensity on a six-point scale. The data backing the ratings is ensured for accuracy through proprietary AI capable of processing diverse sources. HySights, headquartered in Singapore, benefits from its strategic location as a global energy trading hub to support stakeholders in making high-value decisions. The company was incubated under the Singapore Economic Development Board's Corporate Venture Launchpad programme and is supported by industry leaders like IMI plc and Rainmaking APAC. The launch of HySights Ratings marks a significant step towards enhancing the scalability and confidence in New Energy markets, crucial for achieving global carbon neutrality by 2050.
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