Hysata and ACWA Partner to Expand Green Hydrogen in Saudi Arabia
Initially, Hysata’s technology will be tested on a commercial scale, and if proven successful, it will be used in ACWA Power’s future green hydrogen projects.
The partnership supports Saudi Arabia's goal of becoming a global leader in green hydrogen.
Hysata, an Australian company developing high-efficiency electrolysers for green hydrogen production, has joined forces with the leading energy developer in Saudi Arabia, ACWA Power, to expand the production of green hydrogen in the kingdom.
According to the agreement, Hysata will deploy its high-efficiency electrolyser technology in Saudi Arabia to produce green hydrogen with less electricity. This will firm up the Arab country's leadership as a global hub for green hydrogen innovation.
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.”
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The speciality of Hysata technology is that its capillary-fed electrolysis system uses only 41.5 kWh of electricity to produce one kilogram of hydrogen, making it more energy-efficient and one of the world's most efficient electrolysers.
The production of green hydrogen plays a constructive role in decarbonising heavy industries like oil and gas, steel, ammonia, and chemical production. By investing in hydrogen, companies can significantly lower their costs and reduce energy consumption, as well as use it as a more viable alternative to fossil fuels.
The Kingdom of Saudi Arabia, as part of its Vision 2030 goals, pledges to become a global hub for green hydrogen, which will boost its economy and reduce its dependence on oil. Also, the country has a great potential to leverage its large renewable resources like wind and solar, which can be used to produce hydrogen at lower cost.
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ACWA Power, in addition to this agreement, is involved in many other large-scale energy initiatives, including one of the largest hydrogen production projects in the world—the NEOM green hydrogen project. Once fully operational in 2026, the NEOM project would produce 600 tonnes of hydrogen daily.
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Source: Hysata
