Hysata raises $172 million in Series B funding led by bp Ventures and Templewater to expand production capacity for high-efficiency electrolyser technology
Hysata raises $172 million in Series B funding led by bp Ventures and Templewater to expand production capacity for high-efficiency electrolyser technology
05/08/24, 10:36 PM
Location
united kingdomMoney raised
$172 million
Round Type
series b
Investors
Telstra Super, Oman Investment Authority, Twin Towers Ventures, Shinhan Financial Group, Imm Investment Hong Kong, Posco E&C, Posco Holdings, Blue Scope X, Vestas Ventures, Hostplus, Virescent Ventures, Kiko Ventures, Ip Group Australia, Templewater, Bp Ventures
Wollongong-based green hydrogen startup Hysata has raised $172 million in a Series B funding round led by bp Ventures and Templewater. The funding will be used to expand production capacity to reach gigawatt-scale manufacturing of its electrolyser, which promises to transform how green hydrogen is produced and help accelerate the decarbonisation of sectors like steel making, chemical manufacturing, and heavy transport.