High-tech electrolyser manufacturer Hystar AS (Hystar), has set the stage for a dynamic expansion with the announcement of a state-of-the-art four gigawatt (GW) electrolyser factory in Høvik, Norway, slated for delivery in 2025 and construction commencement in early 2024. The company is also embarking on a North American journey, establishing a new location in 2024 and aiming to establish a multi-GW factory by 2027.
Hystar’s ambitious North American venture will soon see the initiation of a hiring process for its new North American headquarters. In discussions with key stakeholders in both the United States and Canada, the company is poised to establish its first GW factory on the continent.
Hystar envisions its North American operations potentially surpassing its European counterparts within the decade and has stated that it ‘remains open to the possibility of further GW factory investments before 2030.’
Fredrik Mowill, CEO of Hystar, expressed the significance of these expansion plans, saying, “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 favourable environment for companies like ours to thrive in.”
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