Hysata raises $42m after hydrogen breakthrough

Hysata, an Australian hydrogen technology company, has raised more than $40 million to fund its expansion after revolutionising the development of the fuel source increasingly touted as an alternative to fossil fuels.

Global interest in hydrogen has grown as countries seek alternatives to fossil fuels after pledging to reach net zero emissions by 2050 or earlier; demand has further with the soaring prices for oil and gas after Russia’s invasion of Ukraine.

Read the full article: https://www.afr.com/companies/energy/hysata-raises-42m-after-hydrogen-breakthrough-20220801-p5b6aq