Hysata, an Australian electrolyser manufacturer for green hydrogen production, has entered two joint development agreements (JDA) with POSCO Holdings and POSCO Eco & Challenge (POSCO E&C), subsidiaries of South Korean steelmaker POSCO.

These collaborations aim to advance the development and deployment of Hysata’s next-generation electrolyser technology, the companies have said.

This builds on the strategic partnership established earlier this year through POSCO Holdings and POSCO E&C investments in Hysata’s Series B funding round.

Under the terms of the JDA with POSCO Holdings, both companies will develop materials and systems for high-efficiency electrolysers. The partnership will also aim at accelerating the commercialisation of Hysata’s electrolyser technology.

''We are thrilled to strengthen our partnership with POSCO Group, a global leader in steelmaking and materials innovation with a bold vision for decarbonization and support of breakthrough technologies.''

Paul Barrett, CEO, Hysata

Hysata CEO, Paul Barrett said: ‘‘We are thrilled to strengthen our partnership with POSCO Group, a global leader in steelmaking and materials innovation with a bold vision for decarbonization and support of breakthrough technologies. This is an important partnership that leverages Hysata’s groundbreaking electrolysis cell technology and POSCO Group’s extensive expertise in materials, system development, engineering and construction of innovative technologies. Through this collaboration, we aim to accelerate the development of Hysata’s next-generation electrolyser technology. Our 41.5 kWh/kg H2 system efficiency will drive down the levelised cost of hydrogen and transform the economics of green hydrogen production.”

“To strengthen future competitiveness and sustainable growth, it is very essential to enhance the successful transition to a low-carbon production system.''

Dr. Juwoung Yoon, head of the Clean Hydrogen Research Center, POSCO Holdings

POSCO Holdings’ head of the Clean Hydrogen Research Center, Dr. Juwoung Yoon said: “To strengthen future competitiveness and sustainable growth, it is very essential to enhance the successful transition to a low-carbon production system. POSCO Group is actively pursuing the innovation and its synergies with breakthrough technologies. This joint development effort is poised to accelerate global green hydrogen advancements, contributing to decarbonizing hard-to-abate sectors, including steelmaking.”