Hysata electrolyser wins more funding support
Hysata has been awarded NSW Physical Sciences Fund backing for the second year running
The Physical Sciences Fund (PSF) is a competitive development and commercialisation program for technological innovations in NSW.
The PSF is a $5 million fund that aims to build on NSW's great strengths in research across a wide range of scientific fields by supporting the translation of research into devices and systems ready for commercialisation..
The PSF will provide funding support through a competitive process to individuals, companies, research institutes and universities - across the branches of the physical sciences and engineering - to take local innovations to market.
The successful funding recipients in the 2022 Physical Sciences Fund were announced at an event held at Fishburners at the Sydney Startup Hub last night, in the presence of the Hon. Alister Henskens MP, Minister for Science, Innovation and Technology.
One of the four recipients is Hysata, A University of Wollongong spin-out company formed to commercialise breakthrough hydrogen electrolyser technology.
Electrolysers use electricity to split water into hydrogen and oxygen and are the key technology for producing green hydrogen. It is expected to supply 15-25% of energy in a net zero global economy, creating a huge commercial and decarbonisation opportunity.
The Hysata electrolyser operates at 95% system efficiency (41.5 kWh/kg), delivering a step up in performance and cost over incumbent technologies, which typically operate at 75% or less. This high efficiency, coupled with the simple approach to mass manufacturing and low supply chain risk puts the company on a path to delivering the world’s lowest cost green hydrogen.
The latest episode of podcast ‘A Positive Climate’ offers further insight into Hysata's technology. The episode features an interview with Hysata's Chief Commercial Officer (CCO) Tom Campey, who explains how the Hysata electrolyser works, why it’s a game-changer for hard-to-abate sectors and the clear path Hysata is on to gigawatt scale manufacturing.
Tom also discusses commercialising the technology, safety, how research is best commercialised and why he is passionate about his role at Hysata.
Listen on Apple Podcast or Spotify.
