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Hystar
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Developer of PEM electrolyzers for large scale green hydrogen production

Founded in 2021
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Company type Private Public ()
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Industry Group energy & power

Sector hydrogen

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Norway Oslo, Norway
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Updated by Cleantech Group on 01/02/2025

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Date Company
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Date Partner Type
11/17/2021
Semcon Semcon
Technology company Semcon is partnering with Hystar to increase the amount of hydrogen gas that can be produced through electrolysis by more than 150% without the use of more energy.
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Confirmed by Semcon
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IPO INFORMATION

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Date Investors Type Amount
10/24/2024 EU Innovation Fund (EIF) EU Innovation Fund (EIF) (1)
Post-money valuation of
The grant funding will go towards the installation and operation of Hystar’s automated GW production line for its PEM electrolyser stacks at the company’s Høvik, Norway, location.
Grant $27,317,093
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