Hysata, POSCO Holdings and POSCO E&C partner to advance green hydrogen high efficiency electrolyser technology
- Hysata and POSCO Holdings sign joint development agreement (JDA) to advance Hysata’s electrolyser development through material R&D and engineering collaboration.
- Hysata and POSCO E&C sign JDA to collaborate on engineering and construction of high-efficiency electrolysers.
- Hysata is developing high-efficiency electrolysers with a simpler, cheaper and modular system.
Wollongong, Australia, 13 December 2024: Hysata, an Australian manufacturer pioneering high-efficiency electrolysers for green hydrogen production, has entered two Joint Development Agreements (JDA) with POSCO Holdings Inc. (POSCO Holdings) and POSCO Eco & Challenge (POSCO E&C). These collaborations aim to advance the development and deployment of Hysata’s next-generation electrolyser technology.
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 said:
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.
“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 41.5 kWh/kg H2 system efficiency will drive down the levelised cost of hydrogen and transform the economics of green hydrogen production.
POSCO Holdings New Experience of Technology Hub, Head of Clean Hydrogen Research Center Dr. Juwoung Yoon said:
To strengthen future competitiveness and sustainable growth, it is very essential to enhance the successful transition to a low-carbon production system.
“POSCO Group is actively pursuing the innovation and its synergies with breakthrough technologies. This joint development effort is poised to accelerate global green hydrogen advancements, contributing to decarbonizing hard-to-abate sectors, including steelmaking.”
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Hysata, POSCO Holdings and POSCO E&C partner to advance green hydrogen high efficiency electrolyser technology, source
