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Stock impact report

Australian green hydrogen electrolyser manufacturer, Hysata raises $111m USD led by bp Ventures and Templewater [Yahoo! Finance]

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX) 
Company Research Source: Yahoo! Finance
WOLLONGONG, Australia May 8, 2024 /PRNewswire/ -- Australia-based company Hysata is developing new high-efficiency electrolysers that aim to produce green hydrogen at scale with higher energy efficiency and lower costs than alternative technologies. The company's technology combines engineering and science in a unique capillary-fed alkaline electrolyser that uses less energy to convert water to hydrogen. bp Ventures and Templewater led the recent $111.3 million USD investment round in the company, with strong backing from existing major strategic and financial investors IP Group Australia, Kiko Ventures (IP Group plc's cleantech platform), Virescent Ventures on behalf of Clean Energy Finance Corporation, Hostplus, Vestas Ventures and BlueScopeX. The company also welcomed new major strategic and financial investors POSCO Holdings, POSCO E&C, IMM Investment Hong Kong, Shinhan Financial Group, Twin Towers Ventures, Oman Investment Authority's VC arm IDO and TelstraSuper. Hysata wi Show less Read more
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