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Hystar

Høvik, NO · Founded 2021 · 66 employees on LinkedIn · 13 known investors

Find your way into Hystar

Hystar is a Norwegian cleantech company that develops and manufactures high-efficiency PEM (Proton Exchange Membrane) electrolysers, which use renewable electricity and water to produce green hydrogen. It serves project developers, industrial operators and energy companies in hard-to-electrify sectors such as heavy industry, maritime transport, aviation fuels and fertiliser production.

CleantechEnergyHardware

Investors · 13

FirdaOslo
MOL SwitchPalo Alto
AP Venturesreported · 2 sourcesLondon
Finindusreported · 2 sourcesZwijnaarde · $540K – $5.4M
Hillhouse Investmentreported · 2 sourcesSingapore
Nysnø Climate InvestmentsreportedStavanger
ORLEN VCreportedWarsaw
Trustbridge Partnersreported · 2 sourcesShanghai

Also in the syndicate · 5

Kinetics TechnologiesMitsubishi CorporationleadNippon Steel TradingSINTEF VenturesStenshagen Invest

Funding

SEC filings, press & company announcements

$26M disclosed across 1 of 4 rounds · 2021–2025

Source: company announcements and press reports — follow each round's link for the claim.

Competitors · 2

by search overlap
STARS Technology4 shared keywordsSTARS builds compact hydrogen generators that use microchannel process technology and 3D printing to convert water and methane (including biomethane) into clean hydrogen via steam methane reforming. The modular, onsite systems are aimed at gas distribution companies and end users looking to produce hydrogen without central plants or new pipeline infrastructure.
Stargate Hydrogen4 shared keywordsStargate Hydrogen manufactures industrial alkaline electrolysers that produce green hydrogen for steel manufacturing, enabling low-carbon steelmaking routes like hydrogen-based direct reduced iron. The company provides scalable hydrogen production systems to support decarbonisation in the global steel production industry.

Companies competing with Hystar for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Hystar Secures $36M in Funding for PEM Green Hydrogen Tech | Fuel Cells Worksfuelcellsworks.com · May 2025Hystar raises USD 36m to accelerate commercial growth - Hystarhystar.com · May 2025Norwegian high-tech hydrogen startup raises $26M to scale up to full commercial operations - ArcticStartuparcticstartup.com · Jan 2023Hystar raises USD 26mn to scale up to full commercial operations - Hystarhystar.com · Jan 2023Hystar Raises $26M in Series B Fundingfinsmes.com · Jan 2023Hystar raises 50M NOK - Hystarhystar.com · Jun 2021

Frequently asked questions

What does Hystar do?
Hystar is a Norwegian cleantech company that develops and manufactures high-efficiency PEM (Proton Exchange Membrane) electrolysers, which use renewable electricity and water to produce green hydrogen. It serves project developers, industrial operators and energy companies in hard-to-electrify sectors such as heavy industry, maritime transport, aviation fuels and fertiliser production.
Who are Hystar's investors?
Hystar's investors include Firda, MOL Switch, AP Ventures, Finindus, Hillhouse Investment, Nysnø Climate Investments, ORLEN VC, Trustbridge Partners.
How much funding has Hystar raised?
Hystar has disclosed $26M raised across 1 of its 4 known rounds.
Where is Hystar headquartered?
Hystar is headquartered in Høvik, NO.