Australian Green Hydrogen Producer Hysata Partners with South Korean Steelmaker POSCO for Technology Advancement
Key Ideas
- Hysata signed agreements with South Korean steelmaker POSCO and its unit to advance green hydrogen technology.
- The collaboration aims to develop materials and systems for electrolysers to accelerate commercialization.
- POSCO and POSCO Eco & Challenge previously invested in Hysata's Series B funding round.
Australian green hydrogen producer Hysata has entered into agreements with South Korean steelmaker POSCO and its unit, POSCO Eco & Challenge, to enhance its electrolyser technology for green hydrogen production. This partnership signifies the increasing synergy between the steel industry and the green hydrogen sector, as steelmakers are increasingly adopting hydrogen as a cleaner energy source to lower their carbon footprints. The joint development agreements between Hysata and POSCO involve leveraging their technical expertise to create materials and systems for electrolysers, with a focus on expediting the commercialization of Hysata's innovative technology. Furthermore, these agreements follow previous investments made by POSCO and POSCO Eco & Challenge in Hysata's Series B funding round, showcasing a commitment to driving advancements in green hydrogen production.