- Hysata signs agreement with ACWA Power, leading energy developer, investor, and operator, to operate commercial-scale high-efficiency electrolyser systems in Saudi Arabia.
- Combining ACWA Power’s world-leading experience and Hysata’s patented technology, this initiative supports Saudi Arabia’s Vision 2030 goals, strengthening the Kingdom’s leadership as a global hub for green hydrogen innovation.
Wollongong, Australia, 10 February 2025: Hysata, Australia’s leading electrolyser company, has today announced a new agreement with ACWA Power to deliver commercial scale demonstrations of its high-efficiency capillary-fed electrolysis technology (using only 41.5 kWh of electricity to produce one kilogram of hydrogen) in Saudi Arabia.
The agreement will accelerate the development of Hysata’s high efficiency electrolysers and leverage ACWA Power’s significant expertise in large capital projects which includes its 2.2-gigawatt NEOM green hydrogen project in Saudi Arabia. NEOM is the world’s largest, utility scale hydrogen project, which is already over 60% complete and is expected to produce 600 tonnes of hydrogen daily once fully operational in 2026.1
This agreement includes a commercial scale demonstration of Hysata’s technology in Saudi Arabia which is the first step in their commercial pathway towards deploying large-scale high-efficiency electrolyser systems in ACWA Power’s projects.
The deal was signed at ACWA Power’s Innovation Days in Riyadh on 5th February 2025, where Hysata Chief Commercial Officer Daniel Sandermann spoke on a panel on ‘Green Hydrogen – Future Technologies and Production Innovations.’
Hysata CEO, Paul Barrett said:
“Hysata is delighted to partner with ACWA Power, a pioneer in the region’s power generation, desalination and green hydrogen sector. We were especially attracted to their pipeline of large-scale green hydrogen projects with strong offtakes, their deep expertise across the energy supply chain in the Middle East, and an impressive ability to execute large-scale projects at a rapid pace.”
“Green hydrogen through its use as a chemical feedstock is critical for decarbonising heavy industry and for creating new export markets for products such as green iron, steel, and green ammonia. The Middle East offers all the ingredients to be a green hydrogen leader with low cost and abundant renewable capacity, ambitious hydrogen investments and attractive incentives for manufacturing.”
“The region’s rapid progress in the sector is also thanks to the strong vision from companies like ACWA Power.”
“Compounding these advantages, Hysata’s industry-leading efficiency, simplified balance-of-system, and design for high-volume manufacturing creates an unmatched LCOH advantage for our customers, leading to a strong business case for green hydrogen.”
Marco Arcelli, Chief Executive Officer of ACWA Power said
“Our agreement with Hysata marks the beginning of a mutually beneficial and strategically important partnership. Combining ACWA Power’s extensive experience in developing and operating large-scale energy projects with Hysata’s cutting-edge electrolyser technology, creates a powerful synergy to drive significant progress in the green hydrogen sector.
This partnership will be instrumental in achieving our shared long-term vision of a sustainable and decarbonised energy future, contributing to both economic diversification and environmental stewardship in the Kingdom of Saudi Arabia and globally. It solidifies our commitment to the ambitious goals outlined in Saudi Vision 2030 and strengthens our position as a leader in the global energy transition.”
-ENDS-
About Hysata
Hysata is an Australian electrolyser company headquartered in Wollongong that is commercialising a high-efficiency capillary-fed alkaline electrolysis technology. Featuring the world’s most efficient electrolysis cell coupled with a simplified balance of plant and underpinned with a design for mass manufacturability, Hysata will redefine the economics of green hydrogen production. Electricity makes up most of the cost of green hydrogen and therefore, a high-efficiency electrolyser will deliver lower cost hydrogen.
Hysata has deep expertise across the electrolyser and manufacturing industries. The company has attracted world-class talent from companies including Apple, Tesla, BHP and McKinsey. Currently sitting at over 100 staff, Hysata aims to grow to more than 200 employees over coming years, expanding its footprint across multiple continents.
Backed by leading global investors, Hysata is moving rapidly towards manufacturing at the multi-gigawatt scale to help reduce emissions in the hard to abate sectors and reach net zero. For more information visit www.hysata.com
Further information
Melissa Johnson, melissa@primarycommsgroup.com.au, +61 421 807 669
Hysata Media, media@hysata.com
Updated on 13 February to include quote from ACWA Power