Hystar develops advanced PEM electrolyser systems for large-scale green hydrogen production, offering containerized units in 1–5 MW sizes and modular designs that can scale to plants up to 1 GW. Its product portfolio includes Vega™ and Mira™ electrolyser lines, with Orion comprising constellations of Vega, Mira, or combinations for larger deployments. The systems use the company’s patented PEM technology concepts aimed at making green hydrogen production more accessible across applications. Hystar plans to use the new capital to scale up commercial operations and enter new markets. The company is led by CEO Fredrik Mowill and is headquartered in Oslo, Norway. Financially, Hystar completed a $26M Series B to support its commercialization efforts.

Total raised

$26M

Funding rounds

1

Latest round

Series B

Latest activity

Jan 2023