In Norway, Nysnø said it is investing in Hystar AS, a Norwegian high-tech hydrogen company. The investment will enable Hystar to execute its growth strategy and contribute to the energy transition, through large scale deployment of its green hydrogen technology. Hystar’s electrolysis technology is based on patented PEM systems, developed with a strong focus on high energy efficiency and safety, the firm said. The technology enables cost-effective mass manufacturing of electrolysers, driving down the levelized cost of green hydrogen. The capital will support the installation and operation of the company’s fully automated gigawatt-scale production line. The new facility, planned to be operational in 2027 at Høvik, will have an annual capacity of 1.5 GW. “We are impressed by Hystar’s unique technology and ability to think big. As a Norwegian manufacturing company with a strong international mindset, Hystar is well-positioned to become a leading exporter and player in the global, green hydrogen market, said Fredrik Bryne, Senior Investment Manager at Nysnø Climate Investments.
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