A Chinese electrolyser manufacturer has repositioned itself to expand into global hydrogen and electrolyser markets, targeting 5GW of electrolyser production next year.
Founded in 2007, Beijing SinoHy Energy Co. (SinoHy) focused on the R&D of both Pem and alkaline electrolysers. Now rebranded as Hygreen Energy, it aims to secure a place as a “leading” international electrolyser original equipment manufacturer (OEM).
The privately-owned firm currently boasts 2GW of annual production capacity with a 40,000 sq. m. manufacturing facility in Shandong, China, but has plans to increase to 5GW in 2025.
Under the new brand, Hygreen will be establishing new business bases and staffing in locations such as Madrid (Spain), Toronto (Canada), Dubai (UAE), Hong Kong and more, with the potential for localised production.
Beyond capacity, the company said it will expand its product offering to AEM electrolysis in addition to alkaline and PEM.
Benny Wang, CEO of Hygreen Energy, said the repositioning will allow the firm to be “more competitive in global markets” while strategic and operational changes will better serve its clients.
“The new Hygreen Energy brand reflects our transitioning to support and thrive in the rapidly growing global hydrogen market, as we say hello to a greener future,” Wang added.
Hygreen has also recruited individuals from various energy, hydrogen and finance players globally, including former World Bank and Inter-American Development Bank executive Javier Romero as a key shareholder and Board Director.
Other notable appointments include Ayman Monged as Director of Sales, North America (former Hydrogenics), Alan Tan, Vice-President, Global Business Development (former Next Hydrogen), and Marcelino Oreja, Chairman, EMEA (former Enagas CEO and Member of European Parliament).
The expansion comes amid concerns from home-grown European electrolyser manufacturers that have warned low-cost Chinese-produced equipment could make it nearly impossible for them to compete.
Read more: Analysis: Is Europe’s solar crisis a window into the future for electrolyser OEMs?
Constantine Levoyannis, Head of EU Affairs at Nel, previously told H2 View, “The EU, member states and pioneering Europeans have invested billions over the years to bring us to where we are now. We mustn’t jeopardise all that work and effort.”
However, with Europe’s ambitious 2030 green hydrogen targets looming, European policymakers have to decide whether to protect higher-cost local content or install renewable hydrogen production capacity at a rate that will meet its goals.
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