Norwegian hydrogen technology company Hystar AS on Wednesday announced the signing of its first commercial contract for the supply of electrolysers.
A subsidiary of Polish energy major Polenergia SA (WSE:PEP) has ordered 5 MW of electrolysers for its H2HubNS project at the Nowa Sarzyna co-generation plant. The project includes the construction of a green hydrogen production facility, two refueling stations and associated infrastructure.
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The Oslo-based firm said it will deliver the equipment next year and will provide maintenance services over the long term.
In early 2023, Hystar closed a USD-26-million (EUR 24.4m) Series B funding round co-led by AP Ventures and Mitsubishi Corporation. In the following months, it also announced a partnership to source components for its electrolysers from British company Johnson Matthey Plc.
Hystar claims that its proton exchange membrane (PEM) electrolysers are the world’s safest and most efficient. Their patented design revolves around a membrane that is 90% thinner than competing offerings and allows for the production of up to 150% more green hydrogen.
(USD 1.0 = EUR 0.937)