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Hystar

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

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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

Firdalisted by FirdaOslo

How we know: funding news · hystar.com · Not right? Tell us

MOL Switchlisted by MOL SwitchPalo Alto

How we know: MOL Switch's portfolio page · hystar.com · Not right? Tell us

FinindusreportedZwijnaarde · $540K – $5.4M

How we know: funding news · hystar.com · open dataset · 5k.vc investor directory · Not right? Tell us

Hillhouse InvestmentreportedSingapore

How we know: funding news · hystar.com · Not right? Tell us

Nysnø Climate InvestmentsreportedStavanger

How we know: hystar.com · Not right? Tell us

ORLEN VCreportedWarsaw

How we know: hystar.com · Not right? Tell us

Trustbridge PartnersreportedShanghai

How we know: funding news · hystar.com · Not right? Tell us

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.

Related companies · 2

STARS TechnologySTARS 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 HydrogenStargate 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 working in the same space as Hystar.

In the news

Hystar raises USD 36m to accelerate commercial growth - Hystarhystar.com · May 2025Hystar 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 AP Ventures, Firda, MOL Switch, 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.