Hysata: Green Hydrogen Breakthrough in Saudi Partnership with ACWA Power

Deal News | Feb 10, 2025 | Top Technology Ventures Ltd

Hysata, a leading Australian electrolyser company, has entered into a landmark agreement with ACWA Power, a premier player in energy development in the Middle East, notably in Saudi Arabia. This partnership is pivotal for Saudi Arabia’s ambitious Vision 2030 goals as it aims to establish the nation as a global frontrunner in green hydrogen innovation. Hysata will demonstrate its high-efficiency electrolysis technology through ACWA Power’s vast projects, notably the partially completed NEOM project, which promises significant hydrogen production by 2026. The agreement capitalizes on Hysata's patented technology and ACWA's extensive project management expertise. Both companies aim to leverage their strengths to accelerate the adoption of green hydrogen, vital for decarbonizing heavy industries and fueling new export markets. This strategic alliance underscores Saudi Arabia’s potential to lead in the green hydrogen sector, bolstered by favorable geographic and economic factors.

Sectors

  • Renewable Energy
  • Technology
  • Infrastructure

Geography

  • Saudi Arabia – The location of ACWA Power's projects and the primary market for deploying Hysata's electrolyser technology.
  • Australia – Home country of Hysata, which is supplying its proprietary technology for the partnership.

Industry

  • Renewable Energy – The agreement involves the development and commercialization of green hydrogen technology, a crucial part of the renewable energy landscape.
  • Technology – Hysata's high-efficiency electrolysis technology represents a significant technological advancement in hydrogen production.
  • Infrastructure – ACWA Power's expertise in managing large-scale projects aligns with infrastructure development in renewable energy and hydrogen production.

Financials

    Participants

    NameRoleTypeDescription
    HysataTarget CompanyCompanyAn Australian company specializing in high-efficiency electrolysis technology for hydrogen production.
    ACWA PowerBidding CompanybuyerCompanyA major developer, investor, and operator in energy, desalination, and hydrogen sectors based in Saudi Arabia.
    Top Technology Ventures Ltd.Financial BackerPE FirmA private equity firm involved with Hysata.