Sany Hydrogen Energy completed hundreds of millions of yuan in Series A financing, leading the large-scale breakthrough of green hydrogen equipment.
Recently, Sany Hydrogen Energy Co., Ltd. (hereinafter referred to as "Sany Hydrogen Energy") completed a Series A financing of hundreds of millions of RMB led by Qiming Venture Partners. This financing fully demonstrates the high recognition in the venture capital field of Sany Hydrogen Energy's core equipment strength, leading market position, and broad development prospects. Taking this as an opportunity, Sany Hydrogen Energy will comprehensively accelerate the innovation and R & D of green hydrogen equipment and the upgrading of manufacturing, unswervingly implement the "Quality Leadership" strategy, and is committed to leading the large - scale application and development of global green hydrogen equipment.
Sany Hydrogen Energy was registered and established in August 2022. It is a hydrogen energy strategic platform built by Sany Group, the global leader in equipment manufacturing, aiming at the "dual - carbon" goal. Relying on Sany Group's more than 30 years of technological accumulation in construction machinery and energy equipment, supply chain system, and global channels, Sany Hydrogen Energy introduced the large - scale manufacturing capacity at the "lighthouse factory" level, global delivery experience, and lean quality management system into the field of water electrolysis hydrogen production. It quickly made breakthroughs and has become a leading enterprise in green hydrogen equipment after 3 years of development, firmly ranking in the first echelon of the industry.
Yuan Dan, the chairman of Sany Hydrogen Energy, said: "In recent years, with the acceleration of the global green transformation, the hydrogen energy industry is moving from demonstration to large - scale application, and the pace of technological progress and cost reduction has accelerated significantly. Relying on the all - round empowerment of the group in large - scale equipment manufacturing, lean quality management, and global delivery network, Sany Hydrogen Energy has formed a '3 + 1' product matrix of circular electrolyzers, square electrolyzers, PEM electrolyzers, and BOP, and achieved deliveries in three major scenarios of chemical industry, metallurgy, and transportation. Thanks to the recognition and support of the investors in this round. This round of financing will further strengthen our R & D, manufacturing, and service advantages, accelerate product iteration, and continue to be implemented in key domestic and international green hydrogen projects. We will contribute more 'Sany solutions' to cost reduction and efficiency improvement in the industry and the large - scale application and development of green hydrogen, create 'Sany models', and demonstrate the 'Sany speed'."
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"3 + 1" Product Matrix to Meet Diverse Scenario Requirements
Since its establishment, Sany Hydrogen Energy has been focusing on the R & D, manufacturing, and overall solution delivery of water electrolysis hydrogen production equipment. Supported by core technologies such as structure, electronic control, simulation, materials, and electrochemistry, it has now formed a "3 + 1" product matrix of circular electrolyzers, square electrolyzers, PEM electrolyzers, and BOP. The single - cell electrolyzer model spectrum covers from 200 Nm³/h to 3000 Nm³/h, fully meeting the diverse scenario requirements of downstream customers in large - scale wind - solar coupled hydrogen production, hydrogen chemical industry, hydrogen metallurgy, hydrogen transportation, and natural gas hydrogen blending.
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Empowered by the "Equipment Manufacturing" Gene to Grasp the Core of Green Hydrogen Equipment Development
Sany Hydrogen Energy successfully transferred the group's large - scale equipment manufacturing capacity, lean quality management, and global delivery experience to the hydrogen energy industry, achieving 100% online production plan and quality data and 100% compliance rate of process execution, and shortening the delivery cycle by 30%.
Sany Hydrogen Energy built its own 24MW whole - machine test platform, with a cumulative test time of over 9000 hours. In terms of experimental capabilities, it built a comprehensive performance test database for components, with a cumulative test of over 2000 groups, a cumulative test time of over 140,000 hours, and a single - component test time of up to 10,000 hours. Its products were the first to pass international authoritative certifications such as CE and ASME, and the square electrolyzer obtained the world's first pressurized certification.
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Create "Three Major" Scenario Demonstrations and Run at the "Sany Speed" in Commercialization
Closely following the development context of the industry, Sany Hydrogen Energy was the first to make breakthroughs in three major key application scenarios, accelerated the creation of model projects, and promoted the green upgrade of the industry. From January to July 2025, the company won bids for a total of 123MW in benchmark projects of central and state - owned enterprises, ranking among the top in the industry.
Hydrogen chemical industry: Provide large - scale green power hydrogen production overall solutions for customers such as State Power Investment Corporation, China National Coal Group, and Shenzhen Energy Group, and promote the transformation of traditional chemical industry to green energy.
Hydrogen metallurgy: Jointly build a hydrogen - based low - carbon metallurgy demonstration project with Hunan Lianyuan Iron and Steel to help the steel industry achieve its carbon reduction goal.
Hydrogen transportation: Built and put into operation the largest "hydrogen production and refueling integrated station" in the country and created the first batch of low - carbon hydrogen demonstration application scenarios in the industrial field in Hunan Province.
Currently, Sany Hydrogen Energy's projects have covered domestic leading enterprises such as State Power Investment Corporation, China National Coal Group, Shenzhen Energy Group, and PowerChina, and achieved breakthroughs overseas. In terms of international layout, relying on the group's global resources and delivery capabilities, the project footprints are extending from the domestic market to overseas markets such as Australia, the Middle East, and Europe, forming a delivery system of "domestic demonstration - overseas replication - global coverage".
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Adhere Firmly to the "Quality Leadership" Strategy and Redefine the Green Hydrogen Equipment Track
Facing the three core requirements of "safety, stability, and economy" in the new scenario of large - scale green hydrogen application, Sany Hydrogen Energy conducted in - depth analysis, identified six major industry challenges, and carried out special research. It built a full - process quality assurance system covering management, R & D, manufacturing, and on - site operations to achieve full - life - cycle quality control of products. Sany Hydrogen Energy adheres to the customer - first orientation, R & D - driven engine, comprehensive testing as the defense line, leading process as the core, standard - leading principle, and perfect delivery as the practice, and firmly implements the "Quality Leadership" strategy to produce hydrogen production systems with the highest industry standards and lead the high - quality development of green hydrogen equipment.
Chen Nan, an executive director of Qiming Venture Partners, said: "Green hydrogen is at a critical window period from policy demonstration to market - driven explosion. Enterprises with large - scale, low - cost, and high - reliability delivery capabilities will be the first to break through. Sany Hydrogen Energy relies on Sany Group's more than 30 years of comprehensive advantages in equipment manufacturing, supply chain integration, channel expansion, and global delivery, and is in the first echelon of the industry in product definition, process manufacturing, and project delivery. We believe that when the inflection point of green hydrogen arrives, Sany Hydrogen Energy will become the core supplier of global green hydrogen infrastructure."
Zhang Shuai, a partner of Yonghua Investment, said: "The development of the hydrogen energy industry has entered a critical stage. Whether in the transportation or chemical industry, a closed - loop business model is the key to breakthrough. Relying on Sany Group's advantages in new energy and equipment manufacturing, Sany Hydrogen Energy is expected to form a unique hydrogen energy development model. Yonghua Investment focuses on investment in the entire hydrogen energy industry chain and is willing to move forward together with the company on the development path of the hydrogen energy industry."
Wen Junxiang, the deputy general manager of Guangzhou Emerging Fund, said: "Guangzhou Emerging Fund has long been concerned about teams with industrial leadership capabilities in the 'dual - carbon' track. Sany Hydrogen Energy's full - chain delivery capabilities from electrolyzers to systems to overall solutions have been commercially verified in multiple 100 - megawatt - level green hydrogen projects and are another important layout in our hydrogen energy track. We look forward to joining hands with Sany Hydrogen Energy to promote the accelerated implementation of green hydrogen technology and its entry into the international market."
This article is from the WeChat official account "Qiming Venture Partners", and is reprinted by 36Kr with authorization.