Chinese electrolyser manufacturer Hygreen Energy has been selected by Chile’s state-owned Production Development Corporation (Corfo) to establish a local production facility in the country.
Hygreen has been selected alongside Spanish and Chinese electrolyser producers Joletech Solutions and Guofu to receive a share of a $25.6m funding package. Chilean development agency Corfo believes the three projects could collectively attract more than $50m in additional investment.
Two of the three electrolyser plants will be built in the Biobío region, and the third in the Metropolitan region. Hygreen’s BioBío H2V project in particular will reportedly assemble alkaline electrolysers with 2.5MW and 5MW capacities.
Construction and implementation of the BioBío factory will be executed in multiple phases over five years, with operations expected to begin in 2026.
Hygreen’s CEO, Benny Wang, claimed the project represents the Chinese company’s “long-term commitment to support our customers in every part of the world.”
Ehtan Hugh, Global Marketing Director at Hygreen, previously told H2 View that he expects the non-domestic market to overtake the company’s electrolyser demand by 2025.
Last May, Corfo announced it would offer electrolyser manufacturers up to $10m to build factories in the country.
The government agency said it will allocate co-financing for up to 60% of each project, with a cap of $10m, with funding allocated from the organisation’s lithium assets.
A market for the taking: Hygreen’s international pivot
Those well-versed in hydrogen industry developments know that for some time, there’s been anticipation of new electrolyser players entering the market. Not start-ups promising significant green hydrogen production cost reductions. Nor those offering precious metal-free systems and other innovations.
Instead, that anticipation has centred around highly industrialised companies, with ambitions of shaking up the status quo. At the end of June, we saw a very public display of one of those companies that is now looking well beyond its borders to grasp the apparent green hydrogen opportunity. Its name? Hygreen Energy.
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