Australian Green Hydrogen Producer Collaborates with South Korean Steelmaker for Clean Energy
Key Ideas
- Australian company Hysata partners with South Korean steelmaker POSCO to advance green hydrogen production technology.
- Steel industry increasingly adopts hydrogen to reduce carbon emissions, fostering global collaboration for clean energy solutions.
- Joint development agreements aim to accelerate commercialization of electrolyser technology through material and system advancements.
- Earlier investments by POSCO and POSCO Eco & Challenge unit in Hysata's Series B funding round signal commitment to green hydrogen sector.
Australian green hydrogen producer Hysata has signed agreements with South Korean steelmaker POSCO and its POSCO Eco & Challenge unit to advance electrolyser technology for green hydrogen production. This collaboration reflects the steel industry's shift towards hydrogen as a clean energy source to lower carbon emissions. The partnership involves joint development efforts to enhance materials and systems for electrolysers, aiming to fast-track the commercialization of Hysata's technology. Additionally, POSCO and its Eco & Challenge unit had previously invested in Hysata's Series B funding round, demonstrating their support and commitment to the green hydrogen sector. The growing collaboration between the steel industry and the green hydrogen sector signifies a positive step towards a more sustainable and eco-friendly future.