Hystar AS has been awarded a €26m grant from the EU Innovation Fund to be used for the installation and operation of an automated GW production line in Høvik, Norway, for its PEM electrolyser.
The company said its PEM electrolyser stack technology (pictured) is paving the way for significant cost reductions, better performance, and safer green hydrogen plants.
By automating the stack production, combined with the ability to utilise existing supply chains for key components, Hystar is able to rapidly scale its operations and make green hydrogen more affordable and accessible, it added.
The company is already producing stacks at its existing Høvik production line, which has an annual capacity of 100MW and is already supplying commercial projects.
The EU Innovation Fund grant will enable Hystar to implement its automated GW factory, with an annual capacity of 1.5GW when the factory goes into operation in 2027, and scale to 4.5GW of annual capacity in 2031.
Hystar chief executive Fredrik Mowill said: “Our Høvik GW factory demonstrates our commitment to rapidly expanding our European operations and meeting the strong demand for our technology globally.
“The EU Innovation funding will enable us to drive unseen levels of cost and production efficiencies, which is particularly important across hard-to-abate sectors.”