The Norwegian leading high-tech company Hystar AS specializing in green hydrogen production, has announced its ambitious venture—a state-of-the-art 4 gigawatts fully automated electrolyser factory in Norway, while planning towards international expansion into North America to benefit from investment incentives in the region.
The Norwegian tech company said it still has to identify the exact location for its future North American headquarter facility as"both the US and Canada have attractive incentives on offer”"., highlighting the rising costs and a lack of government support as significant barriers to the widespread commercialization of green hydrogen, crucial for decarbonizing heavily polluting, hard-to-abate industries such as steel and ammonia.