Australia's Hysata and Posco partner on green hydrogen tech

Australia wants an electrolyzer industry, but CEO says more funds are needed

20241212 Hysata Electrolyser Manufacturing Facility

Hysata Electrolyser Manufacturing Facility in Port Kembla, Australia. (Photo courtesy of Hysata)

SHAUN TURTON, Nikkei staff writer

December 13, 2024 10:00 JST

WOLLONGONG, Australia -- Australian electrolyzer developer Hysata has partnered with South Korean steel giant Posco to advance its hydrogen production technology and accelerate commercial production.

Hysata, a spinout from the University of Wollongong, announced on Friday it had signed joint development agreements with Posco Holdings and Posco Eco & Challenge. Posco was among the investors in the 172 million Australian dollars ($110 million) that Hysata raised this year.