Startup · $290.5m raised · Manufacturing
University of Wollongong spin-out developing capillary-fed electrolysis cells for green hydrogen production
Port Kembla, NSW
Every investor coverage indicates participated in a round Hysata raised.
| Investor | Rounds | Invested |
|---|---|---|
| Virescent Ventures | Series B · Grant · Series A | - |
| Vestas Ventures | Series B · Grant · Series A | - |
| Vestas | Series A | - |
| Twin Towers Ventures | Series B · Grant | - |
| Templewater | Series B · Grant | $30,300,000 |
| TelstraSuper | Series B · Grant | - |
| Stanwell Corporation | Grant · Grant | $6,000,000 |
| Stanwell Corp | Grant | $3,000,000 |
| Shinhan Financial Group | Series B · Grant | - |
| Queensland Government | Grant | - |
| POSCO Holdings | Series B · Grant | - |
| POSCO E&C | Series B · Grant | - |
| Kiko Ventures | Series B · Grant · Series A | - |
| Kiki Ventures | Series B | - |
| IP Group Australia | Series B · Grant · Series A · Seed | - |
| IMM Investment Hong Kong | Series B · Grant | - |
| IDO | Series B · Grant | - |
| Hygate | Grant | - |
| Hostplus | Series B · Grant · Series A | - |
| Commonwealth Government | Grant | - |
| Clean Energy Finance Corporation | Series A · Seed | $10,000,000 |
| CEFC | Series A | - |
| bp Ventures | Series B | - |
| BP | Series B · Grant | $30,300,000 |
| BlueScopeX | Series B · Grant · Series A | - |
| BlueScope | Series A | - |
| Australian Renewable Energy Agency (ARENA) | Grant | - |
| Australian Renewable Energy Agency | Grant · Grant · Grant · Grant | $53,900,000 |
| Australian Government | Grant | - |
Companies Hysata acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Hysata. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Hysata has received an ARENA grant of up to $49 million to build a commercial-scale electrolyser manufacturing line at Port Kembla, with UOW and TAFE NSW Illawarra supporting workforce training around the project.
Hysata has started production on the first line of its AI-monitored electrolyser factory at Port Kembla, within a project worth nearly $100 million, and plans to expand capacity to 200 megawatts.
A Wollongong hydrogen spin-out is shortlisted for a national award recognising research commercialisation; the profile recaps its electrolyser technology, Port Kembla headquarters, jobs and backing.
Also Dealroom
IP Group Australia and the CEFC launched the Climate Catalyst Fund with a first close of $50 million combined, targeting seed and Series A investments in Australian climate technology.
Roundup of short industry items: Element 25 and Vaxxas win US government grants, Orthocell gets an R&D refund, Convergence Medical completes its Series A, and Monique Conheady takes a Hysata board seat.
Also Startup Daily
Year-end roundup ranking 2024's twelve largest startup raises, headed by PsiQuantum's $940 million government-backed quantum computing round, plus Guzman y Gomez's ASX listing and Betashares' Temasek investment.
Hostplus has tipped an additional A$125 million into the deep-tech fund IP Group runs, taking its overall backing to A$435 million across companies spun out of Australian universities.
A news roundup covering a government-backed hydrogen project for Telstra, a climate tech fund's first close, new appointments at a South Australian agency and a feed company, plus export approvals and science prizes.
Also @AuManufacturing
SafetyCulture secured $75 million of fresh capital plus $90 million from existing shareholders selling shares, valuing the operations software company at $2.5 billion. Airtree, Blackbird, Morpheus Ventures, Hostplus and HESTA joined the round.
Also Tech Funding News - Australia·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily
Weekly agrifoodtech roundup: Hysata's green-hydrogen Series B, Rize's Series A, other raises, Ocean 14 and Peakbridge fund closes, Uber buying Delivery Hero's Taiwan unit, executive hires, and an accelerator's cohort selection.
Crunchbase News surveys the recent surge in venture funding for hydrogen startups, profiling 13 companies — among them Hysata, Koloma, Electric Hydrogen, HysetCo, Tree Energy Solutions and ZeroAvia — and their latest rounds.
Roundup of the week's top stories: Hysata's Series B with bp Ventures and Templewater, grants for Tasmanian makers Xanderware and Jayben Group, an ASC pay dispute, and chemistry sector awards.
Weekly roundup of nine Australian startups that together raised over $233 million, led by Hysata's $172 million Series B, with rounds also for V2 Digital, AgriWebb, Disco, Genero, Brainfish, Kite Therapy, Nucanon and Maslow.
Virescent Ventures partner Blair Pritchard reflects on Hysata, the Wollongong electrolyser spinout whose $172 million Series B he led, covering its technology, culture, customers and the green hydrogen market outlook.
Also SmartCompany·Startup Daily·@AuManufacturing·Forbes Australia·RenewEconomy·SmartCompany·@AuManufacturing·Startup Daily·SmartCompany·Startup Daily·AgFunderNews·@AuManufacturing·commbank.com.au·australianmanufacturing.com.au·Crunchbase News
Australia's renewable energy agency handed out $59.1 million in grants across two rounds, backing 21 university, CRC and startup projects in green hydrogen and cleaner iron and steel production.
Also RenewEconomy
The Australian Renewable Energy Agency has expanded its hydrogen and green metals research funding to $59.1 million across 21 projects, with recipients including Hysata, Curtin University and Fortescue subsidiary MIH2.
A rolling roundup of Australian energy-sector job moves, listing dozens of executives, directors and ministers joining or leaving utilities, regulators, developers and industry bodies between May and December 2023.
Weekly roundup of eight Australian startups together securing $149 million: One Model, SafetyCulture, Hysata, Pendula, Marqo, Medigrowth, Curiious and Zena Sport, spanning HR analytics, safety tech, hydrogen, AI, medicinal cannabis, VR and sportstech.
Also Startup Daily·thebusinesstimes.com.au·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Forbes Australia
ARENA announces a $20.9 million grant to Wollongong hydrogen electrolyser startup Hysata for a commercial-scale demonstration, with Stanwell contributing $3 million and a site; earlier HyGATE funding is recalled.
Also @AuManufacturing·Startup Daily·SmartCompany·Startup Daily·SmartCompany·RenewEconomy·@AuManufacturing·hysata.com·RenewEconomy·RenewEconomy·dailycompanynews.com
Wollongong electrochemist Gerhard Swiegers has won an ARC Industry Laureate Fellowship with $3.7 million in funding for electrolyser research that underpins green hydrogen startup Hysata.
Canberra and Berlin award HyGATE initiative grants to green hydrogen projects led by Edify Energy with Siemens and by ATCO, plus electrolyser developer Hysata, backing early stages of gigawatt-scale Australian plans.
Also RenewEconomy
Weekly roundup covering 14 startup raises totalling over $260 million, headlined by Synchron's $110 million round, plus Roller's shareholder liquidity payout, Partly's record New Zealand Series A, and several government grants.
Also Startup Daily·Startup Daily·Techboard·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup News (WA)·Startup News (WA)
Manufacturing roundup covering Cyclopharm's tax incentive payment, Carbon Revolution's government grant payments, CEFC's wind farm debt commitment, Adbri's land sales, a Monash energy report and a Wollongong research showcase.
NSW Environmental Trust grants $3 million to solar innovator SunDrive within a $6.5 million allocation shared with Hysata, Southern Green Gas and Quickstep; SunDrive's recent series A drew CEFC alongside Blackbird and Grok Ventures.
Also @AuManufacturing
Techboard's monthly roundup tallies August 2022 private funding at $207m across 22 deals, listing the month's raises, BlackRock's acquisition of Akaysha Energy, One Click Life's reverse takeover listing, and several fund closes.
Also Startup Daily
Australian hydrogen technology company Hysata has raised over $40 million to fund expansion following a breakthrough in hydrogen development, per an AFR report linked from the publisher's site.
Also RenewEconomy·@AuManufacturing·Startup Daily·Techboard·Startup Daily·RenewEconomy·@AuManufacturing·RenewEconomy·@AuManufacturing·@AuManufacturing·@AuManufacturing·Forbes Australia·@AuManufacturing·@AuManufacturing
Virescent Ventures' blog flags Hysata's ultra-efficient electrolyser as progress toward low-cost hydrogen; the Australian company's backer is CEFC, whose investments Virescent manages, with fuller coverage in the AFR.
Innovation Victoria launches, merging Breakthrough Victoria and LaunchVic; Geoff Tarrant chairs the board, Monique Conheady deputises and Rod Bristow is CEO; Tarrant co-founded Payapps, bought by Autodesk in 2024.
Also Australian FinTech