News

Hard on the heels of raising an Australian clean tech record capital round of $US111m, CEO of IP Group investment Hysata, Paul Barrett, has been named one of Australia’s Top 100 green energy players.   

The Green List ratings are judged annually by a panel at national newspaper The Australian and recognises the strength of the company’s backing.

bp Ventures and Templewater led the recent Series B investment round, with strong support from existing major strategic and financial investors IP Group Australia, Kiko Ventures (IP Group plc’s cleantech platform), Virescent Ventures on behalf of Clean Energy Finance Corporation, Hostplus, Vestas Ventures and BlueScopeX.

Hysata also welcomed new major strategic and financial investors POSCO Holdings, POSCO E&C, IMM Investment Hong Kong, Shinhan Financial Group Co., Twin Towers Ventures, Oman Investment Authority’s VC arm IDO and TelstraSuper.

“The capital raise involving such a strong syndicate is a significant milestone that demonstrates investors around the globe are sitting up and taking notice,” said IP Group Australia Managing Director, Michael Molinari.

“IP Group believes Hysata’s high efficiency electrolyser is a game-changer, and the funding will advance the Wollongong-based firm further down the path to commercialisation.”

Hysata’s mission is to accelerate the deep decarbonisation of hard-to-abate sectors, such as steel, chemical manufacture, and heavy transport, by delivering the world’s most efficient, simple, and reliable electrolysers.