Hystar AS has been awarded a €26 million grant from the EU Innovation Fund to enhance its production of PEM electrolyser stacks at an industrial scale in Høvik, Norway. This funding will facilitate the establishment of an automated GW production line, streamlining the manufacturing process and leveraging existing supply chains for key components. The company's innovative PEM electrolyser stack technology is set to revolutionize the cost, performance, and safety standards of green hydrogen plants. Currently, Hystar operates a production line with an annual capacity of 100 MW, supplying commercial projects. With the EU grant, the company plans to inaugurate an automated GW factory in 2027, scaling its capacity to 1.5 GW annually and further to 4.5 GW by 2030. CEO Fredrik Mowill highlights the significance of this development in meeting the increasing demand for green technology worldwide. By positioning itself as an industry leader in stack manufacturing, Hystar aims to drive efficiency and affordability in producing green hydrogen, particularly in challenging sectors. This strategic move aligns with the company's dedication to sustainable practices and global expansion. The grant from the EU Innovation Fund solidifies Hystar's foothold in the green technology market, marking a significant step towards widespread adoption of their groundbreaking technology.