Akshat Rathi and Will Mathis of Bloomberg report on an Australian hydrogen startup.
- Hysata, an Australian startup, has raised $111 million from investors to scale up its efficient electrolyzer technology that can produce emissions-free green hydrogen from electricity at a lower cost by avoiding the formation of bubbles through a unique capillary action design.
- Capillary action, which is used by trees, is when a liquid in a narrow space can rise against the force of gravity.
- The company’s electrolyzer claims to achieve an energy efficiency of 95% in converting electricity to hydrogen, significantly higher than current commercial electrolyzers at around 75%, resulting in potential double-digit cost savings.
Read the full article here.