Hystar is a high tech company founded in 2021, headquartered in Norway. The company focuses on advanced PEM electrolysers for large-scale green hydrogen production. Their slogan "We make the world's most efficient PEM electrolysers for large-scale green hydrogen production" succinctly encapsulates their mission. Hydrogen, being the simplest and most abundant element in the universe, has the potential to address critical energy challenges and reduce greenhouse gas emissions. However, conventional hydrogen recovery methods, such as reforming natural gases, contribute significantly to CO2 emissions. Hystar aims to change this by providing an innovative and highly efficient approach to extract hydrogen, thereby making the process 100% green and clean. The company recently secured a significant investment of €26.00M in the form of a grant from the European Union on 23 October 2024, indicating confidence and support from a reputable institution. With a clear focus on sustainability and addressing crucial environmental concerns, Hystar is well-positioned to capitalize on the growing demand for green energy solutions.
10 Norwegian startups to watch in 2024