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Australian Company Pushes Ahead with World’s Most Efficient Hydrogen Electrolyser 

Australian hydrogen firm Hysata claims a groundbreaking 20% boost in efficiency with its new electrolyser, inaugurating a commercial plant in Port Kembla

Author

Future Money
November 20, 2023

Five Second Summary:

Australian hydrogen firm Hysata claims a groundbreaking 20% boost in efficiency with its new electrolyser, inaugurating a commercial plant in Port Kembla, signalling a major stride in cost-effective green hydrogen production crucial for decarbonizing heavy industries.

Companies:

  • Hysata

  • BlueScope Steel

What's Happening:

  • Hysata has launched its commercial plant in Port Kembla, producing electrolysis technology with a remarkable 20% efficiency improvement for cost-effective hydrogen production, particularly for hard-to-decarbonize sectors.

  • The plant aims to supply around 20 electrolysers annually, equivalent to 100 megawatts of generation capacity, contributing significantly to Australia's decarbonization goals.

  • Global interest in Hysata's technology is growing, with demand emerging from Southeast Asia, Europe, and the United States.

Numbers + Facts:

  • The fully operational plant plans to supply 20 electrolysers per year, totaling around 100 megawatts of generation capacity.

  • Hysata received a $20.9 million grant for its initial five-megawatt demonstration plant, set to be deployed with the Queensland government-owned Stanwell coal-fired power station in 2025.

  • Hysata envisions creating 44 jobs initially, with aspirations to expand its team to over 200 employees in the next few years.

Looking Ahead:

  • The efficiency breakthrough of Hysata's electrolysers could be a pivotal step toward realizing green hydrogen as a substitute for fossil fuels in industries like steelmaking, aligning with Australia's broader decarbonization objectives.

  • This comes at an important time for the Australian hydrogen industry, which has recently seen Japanese investors pull back from making investments over fears about inflation and project economics.

  • Hysata's technology has flagged significant commercial interest in their products.

  • We expect the steel industry to continue to pursue the use of hydrogen as an input into their operations - as heavy industry remains the most likely candidate for early hydrogen adoption.