OIA’s VC arm IDO invests in Australian firm Hysata

OIA’s VC arm IDO invests in Australian firm Hysata

Oman Investment Authority’s VC arm IDO has become one of the financial investors that have participated in the latest funding round launched by Hysata, the Australian green hydrogen electrolyzer manufacturer. Hysata has closed the largest Series B in Australian clean tech history, announcing a $111 million investment round with strong backing from existing major strategic […]Oman Investment Authority’s VC arm IDO has become one of the financial investors that have participated in the latest funding round launched by Hysata, the Australian green hydrogen electrolyzer manufacturer.

Hysata has closed the largest Series B in Australian clean tech history, announcing a $111 million investment round with strong backing from existing major strategic and financial global investors.

According to the statement, bp Ventures and Templewater led the investment round in the company, with strong backing from existing major strategic and financial investors IP Group Australia, Kiko Ventures (IP Group plc’s cleantech platform), Virescent Ventures on behalf of Clean Energy Finance Corporation, Hostplus, Vestas Ventures and BlueScopeX.

The company also welcomed new major strategic and financial investors POSCO Holdings, POSCO E&C, IMM Investment Hong Kong, Shinhan Financial Group Co., Twin Towers Ventures, OIA’s VC arm IDO, and TelstraSuper.

Hysata is developing new high-efficiency electrolyzers that aim to produce