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We are excited to share that an Australian startup, Hysata, has raised US$111 million to enhance green hydrogen production, making it more affordable and efficient. This funding round marks a significant milestone in the effort to reduce the cost of emissions-free hydrogen, a crucial step toward a sustainable energy future. This Series B round was co-led by bp Ventures and Templewater. We are thrilled to be investing alongside existing investors IP Group plc Australia, Kiko Ventures, Hostplus, and Vestas and new investors bp Ventures, POSCO, Shinhan Financial Group Co., Ltd., IMM Investment Hong Kong, Oman Investment Authority, Twin Towers Ventures (TTV), Virescent Ventures and TelstraSuper to enable the growth and commercialisation of this incredible technology! At Templewater, we are proud to support such innovative technologies that align with our commitment to sustainability and economic viability. This advancement underscores the transformative potential of green hydrogen in achieving global decarbonization goals. For more details on this groundbreaking development, read the full article on Bloomberg: https://lnkd.in/gj5_6cNS #GreenHydrogen #Sustainability #Innovation #CleanEnergy #Templewater #Decarbonization

Australian Startup Mimics Trees to Make Cheaper Green Hydrogen

Australian Startup Mimics Trees to Make Cheaper Green Hydrogen

bloomberg.com

Paul Barrett

Hysata CEO | Australian electrolyser company redefining the economics of green hydrogen production

3mo

Thanks team Templewater. Great to be partnering with you as we scale. Big shout out to Alfred Wong and Baidi Li !

Danny CHONG

Hydrogen Business Development Manager | ESG Sustainability in Green Energy & Environment | Industrial Services & Cybersecurity | Functional Safety Programme Management | Electrical Key Account Programme Management

3mo

Remarkable green project in the world

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