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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 05/19/2025

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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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IPO INFORMATION

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Date Investors Type Amount
05/13/2025 Nysno Climate Investments Nysno Climate Investments , Orlen VC Orlen VC , MOL Switch MOL Switch , Kinetics Kinetics , AP Ventures AP Ventures , Nippon Steel Nippon Steel , Finindus Finindus , Firda Investments Firda Investments , SINTEF Venture AS SINTEF Venture AS (9)
Post-money valuation of
Growth Equity $36,000,000
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