BP Invests in Hysata's $111M Green Hydrogen Technology Round [Yahoo! Finance]
BP p.l.c. (BP)
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Source: Yahoo! Finance
sector, has consistently aimed to deliver strategic value for BP. In line with this objective, BP Ventures has co-led a $111.3 million Series B investment round in Australian electrolyzer manufacturer Hysata alongside Templewater. Both BP Ventures and Templewater invested $10 million in the promising green hydrogen startup, aiming to accelerate the global transition to sustainable energy. Hysata, based in Wollongong, New South Wales, is pioneering high-efficiency electrolyzers designed to produce green hydrogen with lower energy consumption and costs. The company's innovative capillary-fed alkaline electrolyzer represents a major technological breakthrough, aiming to make green hydrogen production more efficient and affordable. BP Ventures and Templewater each contributed $10 million to this funding round, joining a robust group of existing and new investors. The newly secured funds will enable Hysata to expand production capacity at its Wollongong manufacturing facility and fur
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