Hysata innovation leads green hydrogen
Hysata to commercialise breakthrough research
Innovative technology based on University of Wollongong research aims to produce hydrogen more efficiently and accelerate the development of Australia’s emerging hydrogen industry.
We have been looking globally for new technology that can unlock the trillion-dollar opportunity in hydrogen. The Hysata technology is truly world-leading, and we’re very excited to help the team in their mission to make green hydrogen a reality for Australia and the world. This company is a great example of the tremendous economic opportunities that can be unlocked by the research being done at our universities.Michael MolinariManaging Director, IP Group Australia
In its first hydrogen-related investment, the CEFC committed $750,000 through the Clean Energy 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.
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.
Hydrogen has the potential to make a substantial contribution to Australia’s 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 March 2022, research published in the top tier peer-reviewed scientific journal Nature Communications confirmed Hysata’s capillary-fed electrolysis cell could produce green hydrogen from water at 98 per cent cell energy efficiency, significantly better than existing electrolyser technologies, enabling a hydrogen production cost well below A$2/kg.