Hysata, an Australian manufacturer pioneering high-efficiency electrolysers for green hydrogen production, has entered two joint development agreements with POSCO Holdings and POSCO Eco & Challenge.
These collaborations aim to advance the development and deployment of Hysata’s next-generation electrolyser technology.
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This builds on the strategic partnership established earlier this year through POSCO Holdings and POSCO E&C investments in Hysata’s Series B funding round.
Under the terms of the JDA with POSCO Holdings, both companies will contribute technical knowledge and expertise to jointly develop materials and systems for high-efficiency electrolysers. The partnership will also focus on utilising each other’s capabilities to conduct joint activities aimed at accelerating the commercialisation of Hysata’s electrolyser technology.
Under the terms of the JDA with POSCO E&C, both companies will contribute knowledge towards the construction of electrolysers that will benefit the green hydrogen industry and its derivatives.
Hysata CEO Paul Barrett says, “We are thrilled to strengthen our partnership with POSCO Group, a global leader in steelmaking and materials innovation with a bold vision for decarbonisation and support of breakthrough technologies.
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“This is an important partnership that leverages Hysata’s groundbreaking electrolysis cell technology and POSCO Group’s extensive expertise in materials, system development, engineering and construction of innovative technologies.
“Through this collaboration, we aim to accelerate the development of Hysata’s next-generation electrolyser technology. Our 41.5kWh/kg hydrogen system efficiency will drive down the levelised cost of hydrogen and transform the economics of green hydrogen production.”
