Wind turbine maker Vestas buys into Australian green hydrogen startup

Wind turbine maker Vestas’ venture capital arm has invested an undisclosed amount in Australian startup Hysata, which is developing an ultra-efficient electrolyser for green hydrogen production.

Vestas Ventures was one of several investors in a A$42.5 million (US$29.5 million) funding round for Hysata. It will take an undisclosed minority stake in Hysata.

The Australian firm plans to use the funding to grow its team and develop a pilot manufacturing facility.

It claims its electrolyser operates at 95% system efficiency – ahead of existing technologies which typically operate at 75% or less – and is suitable for mass manufacturing.

Vestas set up Vestas Ventures in November 2020 to invest in early-stage start-ups within sustainable energy around the world. It has since invested in wooden wind turbine maker Modvion and crane technology firm S&L Access Systems.

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