Hystar Gaming Mouse Pad, Soft Textured Cloth Surface, Water Resistant Fabric, 5mm Thick, Bonus Silicone Drink Coaster, Durable Box for Transport, The Great Wave Design (Black)

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Hystar is located in Oslo, Norway, and is a high-tech spin-out from SINTEF, one of Europe’s largest independent research institutions. Hystar’s patented technology is focused on significantly improving the effectiveness of producing hydrogen from water using PEM electrolysis. Hystar will serve the growing demand for green hydrogen across a range of applications within the renewable power, industrial and mobility markets. The technology has been developed by two of the Company’s co- founders who are also part of Hystar’s management team. Hystar AS, the Norwegian high-tech hydrogen company, today announces a Series B funding round of USD 26mn to rapidly scale-up to full commercial operations with an automated GW-capacity production line by 2025. The injection of capital, raised through equity, will also be used to fuel Oslo-headquartered Hystar’s growth, expansion into new markets, and ability to deliver on larger (100 MW and beyond) projects. Fredrik Mowill, chief executive at Hystar, said: 'Hystar's class-leading PEM electrolyser is currently undergoing a ramp-up to GW scale production capacity. Hystar is an innovative, well financed, spin-off company from SINTEF, one of Europe's largest independent research organizations. We're a small but diverse team of passionate people developing game-changing PEM electrolysers.

Ventures leads investment into efficient green hydrogen AP Ventures leads investment into efficient green hydrogen

Fredrik Mowill, Chief Executive Officer at Hystar, says: “Hystar’s class-leading PEM electrolyser is currently undergoing a ramp-up to GW scale production capacity. As part of our growth plans, Hystar will partner with strategic suppliers, such as JM, who possess state-of-the-art technology, mass manufacturing capacity as well as the ability to pursue future technology developments.” Additional investors in the round included Finindus, Nippon Steel Trading, Hillhouse Investment and Trustbridge Partners alongside existing investors SINTEF Ventures and Firda. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. Compare Standard and Premium Digital here.Hystar has developed a PEM electrolysis technology that enables green hydrogen to be produced at higher efficiencies than existing PEM technologies. A unique cell design and process architecture offers an exciting opportunity to reduce electricity consumption and increase hydrogen output, significantly lowering the cost of green hydrogen production from PEM electrolysis. The technology will target the growing global demand for green hydrogen for industrial, renewable power and mobility applications. High-tech hydrogen startup Hystar has just bagged over €24 million as it plans to level up commercial operations. The GreenTech startup has developed a way to scale hydrogen production in a way that is 100% green and clean – a game changer for the energy space.

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