In Australia, Hysata announced a new agreement with ACWA Power to deliver commercial scale demonstrations of its capillary-fed electrolysis technology in Saudi Arabia. The agreement will accelerate the development of Hysata’s electrolysers and leverage ACWA Power’s expertise in large capital projects which includes its 2.2-gigawatt NEOM green hydrogen project in Saudi Arabia. This agreement includes a commercial scale demonstration of Hysata’s technology in Saudi Arabia which is the first step in their commercial pathway towards deploying large-scale high-efficiency electrolyzer systems in ACWA Power’s projects. Hysata CEO, Paul Barrett said: “We were especially attracted to their pipeline of large-scale green hydrogen projects with strong offtakes, their deep expertise across the energy supply chain in the Middle East, and an impressive ability to execute large-scale projects at a rapid pace.” “Green hydrogen through its use as a chemical feedstock is critical for decarbonizing heavy industry and for creating new export markets for products such as green iron, steel, and green ammonia. The Middle East offers all the ingredients to be a green hydrogen leader with low cost and abundant renewable capacity, ambitious hydrogen investments and attractive incentives for manufacturing,” the executive added.
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