Hysata Partners with POSCO to Revolutionize Green Hydrogen Production
Key Ideas
- Hysata collaborates with POSCO Holdings and POSCO E&C to advance capillary-fed electrolyser technology, aiming to reduce energy input by 20% and cut hydrogen production costs by 25%.
- The partnership focuses on developing materials and systems for electrolysers, with plans to establish a hydrogen electrolyser production facility in New South Wales, scaling up to 1 GW.
- Hysata's electrolyser achieves an efficiency of 41.5 kWh per kilogram of hydrogen produced, with funding secured for production trials at the Stanwell Power Station in Queensland.
- The collaboration targets decarbonizing hard-to-abate sectors like steelmaking, with support from the Queensland government for the project.
Australian electrolyser manufacturer Hysata has partnered with South Korea's POSCO Holdings and POSCO E&C to accelerate the commercialization of its capillary-fed electrolyser technology. This innovative design aims to improve energy efficiency and reduce hydrogen production costs significantly. Hysata's technology boasts a 20% energy input reduction compared to conventional systems, leading to a 25% decrease in the levelized cost of renewable hydrogen. With an efficiency of 41.5 kWh per kilogram of hydrogen produced, Hysata aims to revolutionize green hydrogen production. The collaboration with POSCO involves joint development efforts on materials and systems for electrolysers. Hysata recently secured $111 million in funding to establish a hydrogen electrolyser production facility in New South Wales, with plans to scale up to 1 GW. The company is set to begin production trials using a 5-MW electrolyser at the Stanwell Power Station in Queensland, supported by a $3 million grant from the Queensland government. The partnership targets decarbonizing challenging sectors like steelmaking, highlighting the potential of innovative hydrogen solutions in driving sustainability.
Topics
Electrolyzer
Renewable Energy
Innovation
Energy Efficiency
Funding
Decarbonization
Collaboration
Technology Advancement
Cost Reduction
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