Industry News

ESG Today: Green Hydrogen Innovator Hystar Raises $26 Million

By Emily Shain January 11, 2023

Norway-based green hydrogen tech company Hystar AS announced today that it has raised $26 million in a Series B funding round, with proceeds aimed at helping the company scale up to full commercial operations.

Launched in 2020 as a spinoff of European research organization SINTEF, Hystar produces highly efficient polymer electrolyte membrane (PEM) electrolyzers enabling affordable production of hydrogen from renewable electricity.

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