Hysata
Hysata is an Australian manufacturer of capillary-fed alkaline electrolysers achieving 95% system efficiency, selling megawatt-scale hardware directly to enterprise customers developing large-scale green hydrogen projects for hard-to-abate sectors including steel, chemicals, and heavy transport.
- Company typePrivate
- Founded2021
- HeadquartersWollongong, Australia
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Hysata does
Hysata Pty Ltd is an Australian electrolyser manufacturer founded in 2021 and headquartered at Port Kembla, Wollongong, NSW. The company designs and produces capillary-fed alkaline electrolysers that achieve 95% system efficiency (41.5 kWh/kg of hydrogen), a step-change versus incumbent alkaline and PEM technologies operating at approximately 75% efficiency and already ahead of IRENA's 2050 efficiency target. The architecture combines an ultra-low resistance separator with bubble-free operation and a simplified balance of plant, designed for modular mass manufacturing at gigawatt scale. The technology has been peer-reviewed and published in Nature Communications, providing independent scientific validation.
Hysata sells megawatt-scale electrolyser systems directly to enterprise customers via field sales, targeting large-scale green hydrogen and ammonia projects in hard-to-abate sectors including steel, chemicals, heavy transport, shipping, and aviation. The company has secured a 9.4 GW pipeline of signed conditional orders and letters of intent, and in June 2026 secured its first commercial order from a global customer in a hard-to-abate industrial sector, with delivery scheduled for the first half of 2027. Named customers and partners include ACWA Power (Saudi Arabia, NEOM green hydrogen project), Stanwell Corporation (Queensland), bp Ventures, POSCO Holdings, POSCO E&C, BlueScopeX, and German collaborators including Forschungszentrum Jülich, Alantum, and Fraunhofer institutes.
Revenue is generated primarily through electrolyser hardware sales with enterprise-grade custom pricing, supplemented by government grants (ARENA AUD 20.9M, Stanwell AUD 3M, BMBF €5.9M via HyGATE). The company has raised approximately $111.3M USD in Series B (May 2024, largest in Australian clean tech history) and AUD 42.5M in Series A (August 2022), with cumulative funding exceeding AUD 180M. Backed by strategic and financial investors including bp Ventures, Templewater, IP Group Australia, Kiko Ventures, Virescent Ventures, Hostplus, Vestas Ventures, BlueScopeX, IMM Investment Hong Kong, Shinhan Financial Group, and the Oman Investment Authority, the company is scaling toward multi-gigawatt manufacturing capacity from its 8,000+ sqm Port Kembla facility.
Hysata firmographics
Firmographics- Name
- Hysata
- Legal name
- Hysata Pty Ltd
- Website
- https://hysata.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Hysata is an Australian manufacturer of capillary-fed alkaline electrolysers achieving 95% system efficiency, selling megawatt-scale hardware directly to enterprise customers developing large-scale green hydrogen projects for hard-to-abate sectors including steel, chemicals, and heavy transport.
- Ownership category
- akta.pro rank
Hysata industry classification
Industry- Product category
- Clean Energy Equipment / Hydrogen Electrolysers
- NAICS
- Other General Purpose Machinery Manufacturing (3339)
- SIC
- Motors & Generators (3621)
- akta.pro primary industry
- Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)
- akta.pro secondary industry
- Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF)
Keywords
Where Hysata is headquartered
LocationHeadquarters
- HQ city
- Wollongong
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Hysata business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Electrolyser System Sales: Hysata manufactures and sells high-efficiency electrolyser systems for green hydrogen production. Revenue is generated from the sale of electrolyser equipment to industrial customers, utilities, and project developers. The company has secured its first commercial order for megawatt-scale electrolyser deployment to be delivered in first half of 2027.
- Government Grants and Demonstration Projects: Hysata receives funding from government agencies (ARENA, BMBF) for R&D, pilot projects, and commercial demonstrations. These grants support technology validation and commercial demonstration of 5 MW electrolyser units.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Hysata product offering
Product offeringCore offering
Hysata designs, manufactures and sells capillary-fed alkaline electrolyser systems that produce green hydrogen at 95% system efficiency (41.5 kWh/kg), roughly 20 percentage points above incumbent alkaline and PEM technologies. Its turnkey offering combines the electrolysis cell with a simplified balance of plant and is engineered for mass manufacturability and direct deployment in industrial-scale green hydrogen projects for hard-to-abate sectors.
Product overview
Hysata offers a single unified product: its high-efficiency capillary-fed alkaline electrolyser system. This turnkey solution combines the world's most efficient electrolysis cell with a simplified balance of plant and is designed for mass manufacturability. The electrolyser uses an ultra-low resistance separator and bubble-free operation to achieve 95% system efficiency (41.5 kWh/kg), representing a step-change improvement over incumbent technologies which typically achieve approximately 75% efficiency.
Differentiator
Problem solved
Functional benefit
Products and services
- Hysata Capillary-fed Alkaline Electrolyser System Turnkey capillary-fed alkaline electrolyser system achieving 95% system efficiency (41.5 kWh/kg H2) with a drastically simplified balance of plant and modular architecture designed for mass manufacturing. Delivered to enterprise customers, utilities, and large-scale project developers for green hydrogen production in steel, chemicals, heavy transport, shipping, aviation, and green ammonia projects.
Quantifiable outcome
- 95% system efficiency (41.5 kWh/kg H2) vs incumbents at ~75%
- +4 more outcomes
Companies that use Hysata
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Hysata technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Hysata partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor, core and flagship.
- University of WollongongminorUniversity partnered with Federal MP Alison Byrnes to host 'Made in the Illawarra: Innovation, Energy and Manufacturing Expo' at Parliament House, showcasing clean energy technologies including hydrogen.
- International Partners (Asia-Pacific, North America, South America, Europe, Middle East)coreHysata is working with partners across Asia-Pacific, North America and South America, while attracting growing interest from potential customers and investors throughout Europe and the Middle East.
- ACWA PowerflagshipHysata signed agreement with ACWA Power to deliver commercial scale demonstrations of its high-efficiency capillary-fed electrolysis technology in Saudi Arabia. The agreement supports Saudi Arabia's Vision 2030 goals and will leverage ACWA Power's expertise in large capital projects including the 2.2-gigawatt NEOM green hydrogen project.
- POSCO HoldingscoreJoint Development Agreement (JDA) for materials R&D and engineering collaboration to advance Hysata's electrolyser technology. Both companies contribute technical knowledge and expertise to jointly develop materials and systems for high-efficiency electrolysers.
- POSCO E&CcoreJoint Development Agreement (JDA) for engineering and construction of high-efficiency electrolysers. Collaboration focuses on construction of electrolysers that will benefit the green hydrogen industry and its derivatives.
- German Government (BMBF)coreThrough the HyGATE initiative, Hysata received €5.9 million from BMBF (German Federal Ministry of Education and Research) to support the development of high efficiency electrolysers, connecting German and Australian minds for hydrogen innovation.
- Australian Government (TRAC Program)coreSupported by Australian government's Hydrogen R&D Funding Round under the TRAC program for development of high-temperature, high-efficiency capillary-fed electrolyser with porous separator.
- Stanwell Corporationcore$3 million funding from Queensland's Stanwell Corporation to demonstrate Hysata's technology at commercial scale as part of the ARENA-supported demonstration project.
- Australian Renewable Energy Agency (ARENA)core$20.9 million grant from ARENA's Advancing Renewables Program to support commercial demonstration of a 5 MW electrolyser unit. ARENA has been involved since the technology was just a concept in a laboratory.
Scale indicators11 records
Recent moves7 records
Expansion highlights6 records
Hysata competitors and assessment
Company assessmentDirect peers
- Nel ASA: Norwegian listed electrolyser manufacturer producing alkaline and PEM electrolysers for green hydrogen production. Closest direct competitor to Hysata in the alkaline electrolyser space, with established global customer base and multi-gigawatt manufacturing footprint.
- ITM Power: UK-listed PEM electrolyser manufacturer supplying large-scale green hydrogen projects globally. Competes with Hysata for the same hard-to-abate sector and utility-scale offtake customers, with comparable multi-gigawatt project pipeline and government-backed funding model.
- Plug Power: US-based hydrogen systems company with a growing electrolyser business targeting green hydrogen production for industrial and mobility customers. Competes with Hysata on PEM/alkaline electrolyser sales to North American and global enterprise customers.
- thyssenkrupp nucera: German electrolyser technology company (formerly thyssenkrupp Uhde Chlorine Engineers) supplying alkaline electrolysers at multi-hundred-MW scale. Directly comparable in technology focus (alkaline electrolysis) and in target markets (steel, chemicals, refining) for Hysata.
- Cummins Accelera (Hydrogenics): Cummins' Accelera segment (built around acquired Hydrogenics) manufactures PEM and alkaline electrolysers for industrial-scale green hydrogen. Directly competes with Hysata for utility and industrial offtakers, with established manufacturing scale and global service network.
- Green Hydrogen Systems: Danish-listed pressurized alkaline electrolyser manufacturer. Competes head-to-head with Hysata in the alkaline segment, with comparable target customers in industrial decarbonisation and similar technology positioning around simplified balance of plant.
- McPhy Energy: French electrolyser manufacturer focused on large-scale alkaline and PEM electrolysis. Directly comparable in product offering, target markets (industrial decarbonisation, mobility), and in relying on European policy and grant funding to scale.
Emerging players
- Sunfire: German high-temperature electrolysis (SOEC) company targeting industrial-scale green hydrogen. Competes with Hysata for the same hard-to-abate customers but on a different technology route, providing a credible alternative for efficiency-minded offtakers.
- Topsoe: Danish catalysis and SOEC electrolyser technology company. Competes with Hysata for industrial-scale green hydrogen offtake customers, particularly in refining and ammonia, with a different technology stack (high-temperature SOEC) but similar efficiency and scale ambitions.
Broad incumbents
- Bloom Energy: US-listed solid oxide fuel cell and electrolyser company. Adjacent to Hysata in high-efficiency hydrogen production hardware and overlapping in industrial-scale enterprise customers, but with a broader stationary power portfolio rather than a pure electrolyser focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Hysata social profiles
Digital presenceHysata financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hysata leadership team
Management profileNumber of profiles
Profiles13 records
Hysata funding detail
Funding detailFunding overview
Funding rounds5 records
Investors20 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hysata M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hysata
What does Hysata do?
Hysata designs, manufactures and sells capillary-fed alkaline electrolyser systems that produce green hydrogen at 95% system efficiency (41.5 kWh/kg), roughly 20 percentage points above incumbent alkaline and PEM technologies. Its turnkey offering combines the electrolysis cell with a simplified balance of plant and is engineered for mass manufacturability and direct deployment in industrial-scale green hydrogen projects for hard-to-abate sectors.
Is Hysata a public or private company?
Hysata is a private company. It is classified as venture growth investor backed and is currently operating.
When was Hysata founded?
Hysata was founded in 2021. It employs 11 to 50 people.
Where is Hysata based?
Hysata is headquartered in Wollongong, Australia, in the Oceania region.
How does Hysata make money?
Two revenue lines are on record. Electrolyser System Sales are the primary driver. The others are government Grants and Demonstration Projects.
Who are Hysata's main competitors?
Direct peers on record are Nel ASA, ITM Power, Plug Power, thyssenkrupp nucera, Cummins Accelera (Hydrogenics), Green Hydrogen Systems and McPhy Energy. Emerging players are Sunfire and Topsoe. Bloom Energy is listed as a broad incumbent.
Does Hysata have an API?
No public API is recorded for Hysata.
What industry is Hysata in?
Hysata's product category is Clean Energy Equipment / Hydrogen Electrolysers. Its primary akta.pro industry code is IMAGAHAM, Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems), with a secondary code of EUAJAJAF, Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending. Its NAICS code is 3339 and its SIC code is 3621.