The technology was invented by scientists at the University of Wollongong in Australia and is now being commercialised by Hysata, with backing from IP Group and the Clean Energy Finance Corporation (CEFC).
Paul Barrett, CEO of Hysata, said the company is on a clear pathway to commercialise the world’s most efficient electrolyser and reach gigawatt scale hydrogen production capacity by 2025. “Our electrolyser will deliver the world’s lowest hydrogen cost, save hydrogen producers billions of dollars in electricity costs, and enable green hydrogen to outcompete fossil fuel-derived hydrogen.”
Meeting global cost targets earlier
“Our technology will enable hydrogen production of below US$1.50/kg per kilogram by the mid-2020s, meeting Australian and global cost targets much earlier than generally expected. This is critical to making green hydrogen commercially viable and decarbonising hard-to-abate sectors.”
The company plans to build a pilot electrolyser manufacturing plant and employ dozens of new highly skilled specialists in 2022.
According to Gerry Swiegers, CTO at Hysata, the overall design of the Hysata electrolyser system is simpler than existing technologies. “Hysata’s overall electrolyser system has been designed for ease of manufacturing, scaling and installation, delivering 95% overall system efficiency, equivalent to 41.5 kWh/kg, compared to 75% or less for existing electrolyser technologies. For hydrogen producers, this will significantly reduce both the capital and operational costs to produce green hydrogen.”