Nysnø Climate Investments has announced a strategic investment in Hystar AS, a leading Norwegian high-tech hydrogen company. This investment will play a key role in supporting Hystar’s ambitious growth strategy and advancing the global energy transition by enabling the large-scale deployment of its highly efficient green hydrogen technology.
Pioneering Energy-Efficient Hydrogen Solutions
Hystar’s cutting-edge electrolysis technology is built on patented PEM (Proton Exchange Membrane) systems, with a strong emphasis on maximizing energy efficiency and ensuring operational safety. This technology enables cost-effective mass production of electrolysers, significantly reducing the levelized cost of green hydrogen. By driving down costs, Hystar aims to accelerate the replacement of grey hydrogen—currently responsible for around 100 million tons of global annual production—with clean, sustainable alternatives.
With strong market momentum and a clear path for continued growth, the new capital infusion will support Hystar’s plans to establish a fully automated gigawatt-scale production line. The upcoming facility at Høvik, Norway, is expected to be operational by 2027 and will have an annual production capacity of 1.5 GW.
“We are impressed by Hystar’s unique technology and ambitious global vision. As a Norwegian manufacturing company with strong international reach, Hystar is well-positioned to become a major exporter and leader in the global green hydrogen market,” said Fredrik Bryne, Senior Investment Manager at Nysnø Climate Investments.
Backed by a Strong International Investor Consortium
Nysnø joins a powerful group of investors, including Orlen VC, MOL Switch, Stenshagen Invest, Kinetics Technologies, AP Ventures, Firda, Nippon Steel Trading, Finindus, and Sintef Ventures. This diverse consortium brings together deep industrial, financial, and technological expertise, alongside an extensive international network to support Hystar’s global ambitions.
“Since our last funding round, the Hystar team has successfully manufactured and delivered our first commercial electrolyser units and achieved major market traction,” said Fredrik Mowill, CEO of Hystar. “This new round of funding provides the capital we need to execute our growth strategy and build on our recent successes. We’re excited to welcome new shareholders and deeply value the continued support from our existing investors as we accelerate the expansion of our business.”
Hystar’s expansion marks a significant step forward for Norway’s green industry leadership and the global effort to decarbonize energy-intensive sectors with affordable, clean hydrogen solutions.
