'World's cheapest green hydrogen' | Started with ultra-efficient electrolyzer to develop pilot plant after securing $29 million | Refillable
Australian startup Hysata, which says it has developed the world’s most efficient electrolyzer, has raised A$42.5 million ($29.4 million) in an oversubscribed Series A funding round. The money will be used to develop the company’s team and “develop a pilot manufacturing facility” for the innovative “capillary” technology, which it says will be able to deliver “the world’s lowest-cost green hydrogen” due to its superior efficiency. . In simple terms, the biggest element of the levelised cost of green hydrogen (LCOH) is the cost of renewable electricity used, so that less power is required for the electrolyzer to produce every kilogram of H 2 the lower the LCOH. Hysata says the capillary-fed electrolyzer (CFE) only requires 41.5 kWh of electricity per kg of hydrogen. The industry benchmark for highly efficient electrolyzers is 50kWh/kg. “Hysata’s electrolyzers operate at 95% system efficiency (41.5 kWh/kg), delivering a huge leap in performance and cost over older technologies, which