North American Subsidies Draw In Norwegian Hydrogen Firm Hystar
- Hystar follows Northvolt in expanding across the Atlantic
- Hydrogen development is stalling in Europe as costs increase
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Hystar AS plans a new factory for hydrogen machines at home in Norway before expanding into North America, where rich subsidies are on offer for the green transition.
The firm plans a 4-gigawatt electrolyzer plant outside Oslo in 2025, with construction starting early next year, Chief Executive Officer Fredrik Mowill said in an interview. The North American facility is slated to come online around 2027, he said.