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
Remarkable green project in the world
Hysata CEO | Australian electrolyser company redefining the economics of green hydrogen production
3moThanks team Templewater. Great to be partnering with you as we scale. Big shout out to Alfred Wong and Baidi Li !