Hysata lands $35M grant to build hydrogen electrolyser line at Port Kembla
What's the deal? Hysata has secured a US$31.7M (roughly $35 million) grant from the Australian Renewable Energy AgencyDealroom has a profile for this one. Try Dealroom → to build a hydrogen electrolyser manufacturing line at Port Kembla, New South Wales. The line will initially produce 50 megawatts worth of the company's capillary-fed electrolysers annually.
Where the money comes from: The grant was awarded under the Future Made in Australia Innovation Fund. The wider project is expected to cost $98 million overall.
What's the endgame? Hysata will manufacture core electrolyser components — membranes, anodes, and cathodes — at its existing Port Kembla facility. The site is designed to scale to 200 megawatts through 24-hour operations if demand warrants, and the build is expected to create 40 new jobs.
Why it stands out: Among 396 grant rounds for deep tech companies in Australia tracked all-time, this ranks in the top 1% by size — a standout for the sector.
The context: Hysata has previously raised about $220 million in private capital, according to ARENA. Backers include the Clean Energy Finance CorporationDealroom has a profile for this one. Try Dealroom →, BP VenturesDealroom has a profile for this one. Try Dealroom →, private equity firm TemplewaterDealroom has a profile for this one. Try Dealroom →, HostplusDealroom has a profile for this one. Try Dealroom →, IP Group AustraliaDealroom has a profile for this one. Try Dealroom →, and BlueScopeXDealroom has a profile for this one. Try Dealroom →.
The signal: The grant reflects Canberra's push to build domestic clean-energy manufacturing rather than import it, betting on local electrolyser production to anchor a homegrown hydrogen supply chain.
Read more: capitalbrief.com
Image credit: Hysata
