Based in Australia, Hysata’s capillary-fed electrolysis cell is capable of producing green hydrogen from water at 98% cell energy efficiency which according to the company is well above IRENA’s 2050 target.
In doing so, this means that green hydrogen using the company’s technology can now be achieved and can support Australia’s ambitions of reducing the cost of green hydrogen to support its wider adoption.
Not only does this support domestic hydrogen use, cost-competitive hydrogen can also be exported to various international markets cementing Australia’s role as a powerhouse for hydrogen production.
The technology was invented by scientists at the University of Wollongong and is now being commercialised by Hysata, with backing from IP Group and the Clean Energy Finance Corporation (CEFC).
Paul Barrett, CEO of Hysata, said, “The global momentum towards net zero is creating a massive opportunity for green hydrogen and electrolysers. Economics will ultimately determine which technologies win, and with our world-beating efficiency, Hysata is well placed to lead in this major new global market.
“Our electrolyser will deliver the world’s lowest hydrogen cost, save hydrogen producers billions of dollars in electricity costs, and enable green hydrogen to outcompete fossil fuel-derived hydrogen.
“Our technology will enable hydrogen production of below $1.50/kg per kilogram by the mid-2020s, meeting Australian and global cost targets much earlier than generally expected. This is critical to making green hydrogen commercially viable and decarbonising hard-to-abate sectors.
“Hysata has some of Australia’s brightest minds working together to position Australia as a leading manufacturer and exporter of electrolysers, with plans underway to build a pilot electrolyser manufacturing plant and employ dozens of new highly skilled specialists in 2022.
“Green hydrogen is forecast to be a trillion-dollar industry with the backbone of this industry being the electrolyser. Given the urgency to reach net zero, we are gearing up to scale up as quickly as possible. The elegant design of our electrolyser is perfectly suited to mass production.”
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