Australia, Hydrogen, Policy, Renewables

Federal Government invests in new hydrogen tech

The Albanese Government has announced a significant investment in Hysata, an Illawarra-based company specialising in high-efficiency green hydrogen electrolysers.

The $15 million investment, facilitated through the Clean Energy Finance Corporation (CEFC), is part of a broader $172 million expansion plan at Hysata’s facility in Port Kembla. The goal is to achieve gigawatt-scale production of green hydrogen.

Green hydrogen, produced through electrolysis, has been regarded as a critical fuel for decarbonising heavy industries.

Electrolysers play a pivotal role in this process, and Hysata’s innovative technology promises to revolutionise the sector.

Unlike traditional electrolysers, which operate at around 65 per cent efficiency, Hysata’s electrolysers boast an impressive 95 per cent efficiency, according to the Federal Government.

This increased efficiency would translate to reduced energy usage and lower costs for green hydrogen production.

Chris Bowen, Minister for Climate Change and Energy said the this investment is very important.

“This technology can help drive down the cost of hydrogen production and decarbonise energy-intensive sectors like steel, fertiliser and shipping,” he said.

“Clean, cheap renewable hydrogen is a vital part of a future made in Australia. Manufacturing electrolysers in Australia is a huge opportunity to shore up essential supply chains and leverage our innovation to capture more of the global renewable energy technology chain.”

The Australian Renewable Energy Agency (ARENA) has been a staunch supporter of Hysata since its early days as a start-up. ARENA provided grants totalling nearly $30 million to assist Hysata in developing, building, and demonstrating its cutting-edge electrolyser technology at commercial scale.

Ed Husic, Federal Minister for Industry and Science, said Australia is “facing a once-in-a-generation opportunity to become a renewable energy superpower”, and this investment will help the country grab that opportunity.

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