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Hystar announces 4-GW factory and North American expansion plans

Hystar AS announces a fully automated 4-GW electrolyzer factory in Høvik, Norway (just west of Oslo), that will be delivered in 2025, with construction commencing in early 2024. Furthermore, the high-tech company is expanding into North America, establishing a location in 2024 and a multi-GW factory by 2027.

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 U.S. 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 favorable environment for companies like ours to thrive in. We are looking forward to identifying the ideal North American location for Hystar.

Both the U.S. and Canada have attractive incentives on offer, demonstrating a clear commitment to providing our industry with much-needed certainty and financial support. Opening a North American headquarters and delivering a factory on the continent is a major milestone in Hystar’s journey to deploying green H2 at scale. This is critical to decarbonizing the global economy.”

The news of Hystar’s strategic expansion into North America comes after the IEA released its Global H2 Review last week. The report highlighted rising costs and a lack of government support as significant barriers to the widespread commercialization of green H2, crucial for decarbonizing heavily polluting, hard-to-abate industries such as steel and ammonia. In contrast, the U.S. has made ambitious H2 subsidies available through the Inflation Reduction Act, with plans being developed for 10 major H2 hubs, while Canada is making an investment tax credit available for clean H2 production.

Hystar has already commenced production of its electrolyzer stacks for its upcoming PEM electrolyzer 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 breakthrough 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 electrolyzer in Q4 2023 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 electrolyzer for Poland’s largest private energy company, Polenergia, in Q3 2024 for their H2HubNS project in Nowa Sarzyna, Poland.