S. and Canada have attractive incentives on offer, demonstrating a clear commitment to providing our industry with much-needed certainty and financial support," he said. The funds raised will primarily be used to build and test stacks and pre-production electrolyser packages as well as expanding the Hystar team. The global steel industry alone, for example, will require 52 million tonnes of green hydrogen annually to decarbonize by 2050 according to Wood Mackenzie.

Hystar to expand electrolyser factory as it seeks to boost

When starting the company Stephen played around with the letters in his name ' Stephen Arthur Hyde, eventually coming up with 'HYSTAR' Stephen initially started his career as a Structural Engineer and moved on to property development before retiring leaving his two sons, Timothy and Andrew to take over the Hystar group. The collaboration will focus on stack development and manufacturing scale-up using CCMs provided by JM and patented cell design from Hystar. Fixed vane pump – single vane pumps: DS series (DS-4, DS-7, DS-12), 50T, 150T, 150F, 250F and HVP series. We look forward to working with Hystar as they ramp up to widespread commercialization and realize their game-changing ambitions for green hydrogen.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. This delivers on JM’s published milestone of winning at least two strategic partnerships in Hydrogen Technologies by the end of 2022/23. It’s also a highly efficient energy carrier and could hold the key to greener energy sources for future society.

Hystar cashes in €24 million for its large Norwegian startup Hystar cashes in €24 million for its large

They were so approachable and always able to offer advice or solutions on a range of issues, such as fixtures and finishes and the marketing of the apartments. He liaises with clients and subcontractors to ensure that the project is delivered on time and exceeds expectations.Johnson Matthey (JM), a global leader in sustainable technologies, and Hystar, a Norwegian high-tech hydrogen company, have signed a three-year strategic supply agreement to ramp up renewable (green) hydrogen production. Toshihiro Hayashi, General Manager, Mineral Resources Group at Mitsubishi Corporation, added: “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. Charlie Clark, Investment Manager at AP Ventures, says, “We have been hugely impressed by the technical results and growth that Hystar has delivered over the past few years. The investment in SINTEF Venture V, which is EIF's largest investment in Norway, has been made possible through funds from InnovFin Equity and financial instruments under the EU's Horizon 2020.

Ventures leads investment into efficient green hydrogen AP Ventures leads investment into efficient green hydrogen

Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. It’s also a lot of fun representing Hystar, especially when we launch big expansion plan announcements right before an event 😉 Looking forward to day two! 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.

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Hystar People - Hystar

High-tech hydrogen startup Hystar has just bagged over €24 million as it plans to level up commercial operations. AP Ventures LLP is authorised and regulated by the Financial Conduct Authority (“FCA”) (Firm reference number 844802). The members of our team have different backgrounds, but we all love technology, have green values and great ambitions.On behalf of the Hystar team I am delighted to welcome our new shareholders and look forward to benefitting from their extensive knowledge and network within the hydrogen space. Hystar has developed a PEM electrolysis technology that enables green hydrogen to be produced at higher efficiencies than existing PEM technologies. Fredrik Mowill, CEO of Hystar, said of the funding round: “Since our inception, we have been committed to rapidly scaling up to ensure the widespread commercial deployment of our game-changing technology. Hystar has a vast wealth of knowledge and experience with residential and commercial projects for both private and public clients.