Hystar announces 4 GW factory in Norway and North American expansion plans

As part of its expansion, Hystar will soon initiate the hiring process for its new North American headquarters. Additionally, the company is in discussions with key stakeholders in both the US and Canada to establish its first GW factory on the continent, where Hystar expects its commercial operations may exceed its European plans within the decade. The company has not ruled out the possibility of investing in further GW factories before 2030.

Commenting on their expansion plans, Fredrik Mowill, CEO of Hystar, said: “Our Høvik GW factory demonstrates our commitment to rapidly expanding our European operations and meeting the strong demand for our technology across Europe. As we continue to scale up our operations, we are now looking at opportunities beyond Europe - the North American market has created a highly favourable environment for companies like ours to thrive in. We are looking forward to identifying the ideal North American location for Hystar.

The news of Hystar’s strategic expansion into North America comes after the IEA released its Global Hydrogen Review last week. The report highlighted rising costs and a lack of government support as significant barriers to the widespread commercialisation of green hydrogen, crucial for decarbonising heavily polluting, hard-to-abate industries such as steel and ammonia. In contrast, the US has made ambitious hydrogen subsidies available through the Inflation Reduction Act, with plans being developed for 10 major hydrogen hubs, while Canada is making an investment tax credit available for clean hydrogen production.

Hystar has already commenced production of its electrolyser stacks for its upcoming PEM electrolyser deliveries using its existing facilities, which have a production capacity of 50 MW annually. As such, Hystar’s ramp-up to a GW factory marks a significant expansion to meet the surging demand for its technology. The supplier for the Høvik GW automated production line will be selected later this year, and the factory’s production line will be fully operational by 2026.

Upcoming deliveries from Hystar include a 1 MW electrolyser in Q423 for Norwegian companies Equinor, Yara Clean Ammonia, and Gassco, for the HyPilot field project in Kårstø, Norway. This will be followed by a 5 MW electrolyser for Poland’s largest private energy company, Polenergia, in Q324 for their H2HubNS project in Nowa Sarzyna, Poland.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/02102023/hystar-announces-4-gw-factory-in-norway-and-north-american-expansion-plans/