Sure! Here’s the text translated into American English:
The Spanish company Hysun, dedicated to the production of renewable hydrogen from solar energy, has successfully closed a €3 million funding round. This capital has been backed by both national and international investors, notably including Equinor Ventures and Axon Partners. These entities join other significant partners such as InnoEnergy, a well-known investor in clean technologies, as well as the founders of NANOGAP and Tewer Engineering.
The funding will allow Hysun to validate its technology by installing a prototype at the Solar Platform of Almería. This development is crucial for achieving green hydrogen production that can compete with gray hydrogen, which is the most commonly used in the industry. Currently, the cost of producing green hydrogen through electrolysis ranges from €6 to €8 per kg, while gray hydrogen is produced at a cost of €1 to €2 per kg. Hysun aims to position its 100% renewable hydrogen, developed without electricity, within a more accessible price range to promote its adoption in the industrial sector.
Tatiana López, CEO and founder of Hysun, expressed that this funding round represents a turning point for the company, allowing it to demonstrate the viability of its technology and contribute to the competitiveness of renewable hydrogen in Europe. This also positions Spain as a leader in energy innovation.
In addition to providing capital, the partnership with Equinor Ventures and Axon Partners will bring strategic expertise to accelerate Hysun’s development, strengthening its market presence and opening new growth opportunities in a key sector for the energy transition.
Expected benefits from this operation include the decarbonization of hard-to-electrify sectors such as heavy industry and transportation, as well as an increase in the competitiveness of green hydrogen through cost reduction. It is also anticipated to generate specialized employment and foster technological development in Spain and Europe.
With this recent financial support, Hysun consolidates its position as one of the most promising energy startups in Spain, reflecting the confidence of international capital in the innovative potential of the Spanish energy ecosystem. Its specialization in renewable hydrogen production from solar energy without the need for electricity is a key factor in contributing to the transition to a decarbonized economy. Its first prototype is already operational at the Solar Platform of Almería.
Referrer: MiMub in Spanish
