Wollongong’s own Hysata has grabbed the spotlight by clinching the Startup of The Year award at the 2023 Startup Daily Best in Tech Awards. Sponsored by 1835i, the award recognizes the company’s commitment to crafting the most efficient and affordable green hydrogen on the planet. This accolade comes on the heels of a $23.9 million funding windfall from both the Australian and Queensland governments aimed at fast-tracking the company’s journey to net-zero emissions.
In an evening stacked with talent, Hysata’s achievement is notable. The two-year-old startup triumphed over electric utility software contender Neara and metabolic health platform Vively, claiming the prize in one of the event’s most heated categories.
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The decision was unanimous from a panel of judges comprising Australia’s top business leaders in the startup ecosystem. They highlighted Hysata’s breakthrough in hydrogen technology as a cornerstone in accelerating the transition from fossil fuels to renewable sources.
“This is a monumental milestone for our passionate team, who are laser-focused on expediting the world’s transition from fossil fuels to green hydrogen through cutting-edge electrolyzer technology,” said Hysata CEO Paul Barrett, who along with co-inventor Linh Hoang, accepted the award from David Rowe, 1835i’s Head of Ventures.
The evening was also graced with insights from Simon Thomsen, Startup Daily’s Editor, John Kearney from AWS, and keynote speaker Larry Marshall, shedding light on Australia’s commercial innovation landscape.
Hysata is blazing a trail with its technology that boasts an extraordinary 95% system efficiency, positioning green hydrogen as a cost-competitive alternative for traditionally hard-to-decarbonize sectors like steel production, chemical manufacturing, and heavy transport.
“Our focus now is to scale our technology rapidly at our electrolyzer manufacturing facility in Port Kembla,” Barrett added. “We’re lining up to serve a multi-billion-dollar global pipeline.”
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