Australian hydrogen electrolyser technology firm, Hysata, has today (August 2) revealed backing from global investors as it closes its Series A funding round with A$42.5m ($29.4m).
The company says, the funding raised from the round is planned to be used to grow its team, as well as developing a pilot manufacturing facility for its electrolysers.
According to the firm, its electrolyser operates at 95% system efficiency, which is coupled with a simple approach to mass manufacturing and low supply chain risk, putting Hysata on a path to delivering the ‘world’s lowest cost’ green hydrogen.
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