Clean and efficiently green frontier hydrogen development
- New South Wales
- Innovation Fund
- Low emissions
- Energy efficiency
Innovative technology based on University of Wollongong research aims to produce hydrogen more efficiently and accelerate the development of Australia’s emerging hydrogen industry.
The new electrolyser production technology is being developed by Hysata, a new company set up to commercialise the breakthrough research.
Hydrogen has the potential to make a substantial contribution to Australia’ clean energy transition, reducing emissions across the economy while underpinning the development of an important domestic and export industry.
Australia’s national hydrogen strategy aims to position Australia as a major global player by 2030. The development of the hydrogen industry also aligns with the National Technology Energy Road Map, by further supporting energy affordability and improved energy system reliability.
In its first hydrogen-related investment, the CEFC committed $750,000 through the Innovation Fund to Hysata’s initial capital raise of $5 million, alongside cornerstone investor IP Group. IP Group is a global technology investor specialising in the commercialisation of university research.
The new technology was developed by a team of researchers at the University of Wollongong team led by chemical catalysis and characterisation expert Professor Gerry Swiegers, who has founded six spin-off companies and licensed out three new technologies in the past 15 years.
Professor Swiegers’ extensive work in bridging the academia-to-industry gap and commercialisation of research has attracted an estimated $100 million in private investment and numerous awards, including two DuPont Innovation awards for taking ideas to market.
Hysata is based at the University’s Australian Institute for Innovative Materials, a purpose-built facility to help transform multi-functional materials research into commercial reality. The company has strong laboratory, academic and commercialisation experience and is actively investigating potential applications for its breakthrough technology.
New South Wales, Innovation Fund, Low emissions, Energy efficiency