Hystar Gaming Mouse Pad, Soft Textured Cloth Surface, Water Resistant Fabric, 5mm Thick, Bonus Silicone Drink Coaster, Durable Box for Transport, The Great Wave Design (Black)

Product Information

ALEX BRUMMER: Central banks are finally pulling their punches amid signs the inflation tide may be turning

Hystar raises USD 26mn to scale up to full commercial

Luke Li, Founding Partner at Hillhouse Investment, added: “The scale of decarbonization required for global industry cannot be underestimated; it is undoubtedly across these applications where green hydrogen will have its most profound impact. Hystar understands that, and its plans to commercialization in partnership with major industry players will pave the way for significant progress and a greener future – a vision Hillhouse is proud to support.” GSK is 'firing on all cylinders' after new vaccine boost: Profits jump seen as proof boss Emma Walmsley's turnaround plan is working How many of your neighbours have points on their licence? Full list of areas showing the proportion of drivers carrying three points or more Hystar, a Norwegian company that has developed a novel PEM electrolysis technology, has raised over NOK 50mm in capital. Hystar’s electrolyser produces green hydrogen using less energy than existing technologies and enables a substantial increase in hydrogen production output. AP Ventures, a significant investor in breakthrough hydrogen technologies, led the fundraise, alongside SINTEF Ventures, the investment fund of the SINTEF research institute, and Firda, a pioneering early-stage investor in Norway.

Share this article

Hystar is located in Oslo, Norway, and is a high-tech spin-out from SINTEF, one of Europe’s largest independent research institutions. Hystar’s patented technology is focused on significantly improving the effectiveness of producing hydrogen from water using PEM electrolysis. Hystar will serve the growing demand for green hydrogen across a range of applications within the renewable power, industrial and mobility markets. The technology has been developed by two of the Company’s co- founders who are also part of Hystar’s management team. Halifax axes paper statements for online banking customers due to 'issues' with sending physical copies If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 € per month. Hans Maenhout, Investment Director at Finindus: A lower cost and increased flexibility of green hydrogen production is the key to success when it comes to the role hydrogen has to play in decarbonizing our society. This is exactly what the Hystar technology provides. Add to that the intrinsic safety of Hystar’s electrolysers, as well as the design for mass-manufacturing approach which allows for utilizing existing supply chains, and you have an excellent value proposition to offer to industrial customers such as ArcelorMittal, the world’s second largest steel manufacturer and Finindus’ key industrial partner.” Hystar’s PEM electrolysers are the most efficient and safest in the world and have been designed for mass manufacturing from the very beginning. The ultra-efficient design, which is patented and unique to Hystar, boasts a 90% thinner membrane than conventional electrolysers, enabling the production of up to 150% more green hydrogen.

Hystar Gaming Mouse Pad, Soft Textured Cloth Surface, Water Hystar Gaming Mouse Pad, Soft Textured Cloth Surface, Water

You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. Compare Standard and Premium Digital here. Toshihiro Hayashi, General Manager, Mineral Resources Group at Mitsubishi Corporation: Hystar has a critical role to play in decarbonizing global industry, which aligns with our strategic plan to invest in sustainable solutions for decarbonized societies. Green hydrogen is one of the key focuses for Mitsubishi Corporation and we believe Hystar’s unique technology has the potential to significantly impact its large-scale deployment. We look forward to working with Hystar as they ramp up to widespread commercialization and realize their game-changing ambitions for green hydrogen.” MARKET REPORT: BP shares slip another 1.6% as analysts at JP Morgan turn up the heat over oil giant's poor outlook Additional investors in the round included Finindus, Nippon Steel Trading, Hillhouse Investment and Trustbridge Partners alongside existing investors SINTEF Ventures and Firda.As a spin-off from SINTEF, one of Europe’s leading research organizations, Hystar has 15 years history of research into PEM technology. With more than 5,000 hours of in-house testing, Hystar’s technology has been proven to use significantly less energy than conventional PEM electrolysers, enabling a substantial increase in hydrogen production output. The ultra-efficient design, which is patented and unique to Hystar, boasts a 90% thinner membrane than conventional electrolysers, enabling the production of up to 150% more green hydrogen.

Hystar | LinkedIn Hystar | LinkedIn

High-tech hydrogen startup Hystar has just bagged over €24 million as it plans to level up commercial operations. The GreenTech startup has developed a way to scale hydrogen production in a way that is 100% green and clean – a game changer for the energy space. Hystar AS, the Norwegian high-tech hydrogen company, today announces a Series B funding round of USD 26mn to rapidly scale-up to full commercial operations with an automated GW-capacity production line by 2025. The injection of capital, raised through equity, will also be used to fuel Oslo-headquartered Hystar’s growth, expansion into new markets, and ability to deliver on larger (100 MW and beyond) projects. Luke Li, Founding Partner at Hillhouse Investment: “ The scale of decarbonization required for global industry cannot be underestimated; it is undoubtedly across these applications where green hydrogen will have its most profound impact. Hystar understands that, and its plans to commercialization in partnership with major industry players will pave the way for significant progress and a greener future – a vision Hillhouse is proud to support.” Charlie Clark, Investment Manager, AP Ventures, said of their investment in Hystar: “We have been hugely impressed by the technical results and growth that Hystar has delivered over the past few years. We are pleased to have co-led this Series B funding round alongside Mitsubishi Corporation to enable Hystar to deploy automated capacity to scale the production of its world-leading PEM electrolyser technology. We look forward to continuing to support Hystar as it works to produce ultra-efficient green hydrogen which will be vital to support global efforts to decarbonize industry and society.” More worried Britons put milestones such as home renovations, holidays and weddings on ice to save instead

Fredrik Mowill, CEO of Hystar: “Since our inception, we have been committed to rapidly scaling up to ensure the widespread commercial deployment of our game-changing technology. We are therefore excited to have closed our Series B funding round with such high-quality industrial and financial investors who can contribute to accelerating our growth. We look forward to working with our new shareholders to explore joint opportunities to deploy green hydrogen projects at scale. We’re also very happy that our existing shareholders, with AP Ventures in the lead, have continued their strong support of Hystar.” For cost savings, you can change your plan at any time online in the “Settings & Account” section. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Hans Maenhout, Investment Director at Finindus, said of their investment: “A lower cost and increased flexibility of green hydrogen production is the key to success when it comes to the role hydrogen has to play in decarbonizing our society. This is exactly what the Hystar technology provides. Add to that the intrinsic safety of Hystar’s electrolysers, as well as the design for mass-manufacturing approach which allows for utilizing existing supply chains, and you have an excellent value proposition to offer to industrial customers such as ArcelorMittal, the world’s second largest steel manufacturer and Finindus’ key industrial partner.”