Hysata CEO Paul Barrett is accompanying Anthony Albanese on his US visit to explore opportunities for the green hydrogen electrolyser company.Hysata CEO Paul Barrett is accompanying Anthony Albanese on his US visit to explore opportunities for the green hydrogen electrolyser company.that builds commercial-scale electrolysersPaul Barrett, the chief executive of Hysata, says the company expects to ramp up to as much as one gigawatt of capacity annually within years.
Hysata, which works on technology originally developed at the University of Wollongong, received more than $23m in grants from the federal and Queensland government. Those funds, along with $42.5m of its own capital raising, will support the development of electrolysers that use electricity to split water into hydrogen and oxygen with about 95% energy efficiency and just 5% waste.in the production of steel, aluminium and other industrial processes.
The company is not expected to make fresh announcements during this week’s visit to the US. Of interest, though, will be exploring opportunities generated by the Biden administration’s US$369bn clean energy investment portion of the Inflation Reduction Act. The company has bought the equipment needed to build 100 megawatts of electrolyser capacity a year, and will have the line operating next year, Barrett said.
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Source: FinancialReview - 🏆 2. / 90 Read more »