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 yuan, led by Qiming Venture Capital, jointly followed by Yonghua Investment and emerging funds under Guangzhou Fund, and China Renaissance Capital served as the exclusive financial advisor. This financing fully demonstrates the high recognition 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 and manufacturing upgrading of green hydrogen equipment, unswervingly implement the "quality leading" strategy, and is committed to leading the development of large-scale application of green hydrogen equipment in the world.

Sany Hydrogen Energy was registered and established in August 2022 and is a hydrogen energy strategic platform built by Sany Group, a global equipment manufacturing leader, towards the "dual carbon" goal. Relying on more than 30 years of technology accumulation, supply chain system and global channels of Sany Group in construction machinery and energy equipment, Sany Hydrogen Energy has introduced the large-scale manufacturing capacity, global delivery experience and lean quality management system of "lighthouse factory" level into the field of water electrolysis hydrogen production, and has made rapid breakthroughs.

Yuan Dan, 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 group's all-round empowerment in large-scale equipment manufacturing, lean quality management and global delivery network, Sany Hydrogen Energy has formed a product matrix of circular tanks, square tanks, PEM tanks, and BOP '3+1', realizing the delivery of three major scenarios of chemical, metallurgy, and transportation. Thanks to the recognition and support of this round of investors for Sany Hydrogen Energy, this round of financing will further strengthen our R&D, manufacturing and service advantages, accelerate product iteration, continue to be applied in key green hydrogen projects at home and abroad, contribute more 'Sany solutions' to the industry's cost reduction and efficiency increase, and the development of large-scale green hydrogen applications, create 'three boards', and show 'Sany speed'. ”

"3+1" product matrixCovering the needs of diversified scenarios

Since its establishment, Sany Hydrogen Energy has focused on the research and development, 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 formed a "3+1" product matrix of circular tanks, square tanks, PEM tanks, and BOPs, covering 200Nm³/h to 3000Nm³/h, fully meeting the needs of downstream customers such as large-scale wind-solar coupling hydrogen production and hydrogen chemical industry, hydrogen metallurgy, hydrogen transportation, and natural gas hydrogen blending.

"Equipment manufacturing" gene blessing grasps the core of the development of green hydrogen equipment

Sany Hydrogen Energy has successfully migrated the Group's large-scale equipment manufacturing capabilities, lean quality management and global delivery experience to the hydrogen energy industry, achieving 100% online production planning and quality data, 100% process execution compliance rate, and shortening the delivery cycle by 30%.

Sany Hydrogen Energy built its own 24MW complete machine test platform, with a cumulative test of more than 9,000 hours; In terms of experimental capabilities, a comprehensive performance test database has been built for parts, with a total of 2,000+ groups tested, with a cumulative test time of more than 140,000 hours and a single component test of 10,000 hours. The products took the lead in passing CE, ASME and other international authoritative certifications, among which the square groove obtained the world's first pressure certification.

Create a demonstration of the "three major" scenariosCommercialization runs out of "Sany speed"

Closely following the development context of the industry, Sany Hydrogen Energy took the lead in breaking through three key application scenarios, accelerating the creation of model projects, and promoting the green upgrading of the industry. From January to July 2025, the company achieved a total of 123MW of bids for benchmark projects of central state-owned enterprises, ranking at the forefront of the industry.

Hydrogen chemical industry: Provide large-scale green hydrogen production solutions for customers such as State Power Investment, China Coal Group, and Shenneng Group, and promote the transformation of traditional chemical industry to green energy.

Hydrogen metallurgy: Cooperate with Hunan Lianyuan Iron and Steel to build a hydrogen-based low-carbon metallurgy demonstration project to help the steel industry achieve carbon reduction goals;

Hydrogen transportation: the largest in the country to be completed and put into operation"Hydrogen production and refueling stationCreate the first batch of low-carbon hydrogen demonstration application scenarios in the industrial field in Hunan Province.

At present, Sany hydrogen energy projects have covered domestic leading enterprises such as State Power Investment, China Coal Group, Shenneng Group, and Power China Group, and have achieved overseas breakthroughs. In terms of international layout, relying on the Group's global resources and delivery capabilities, the project footprint is extending from China to overseas markets such as Australia, the Middle East, and Europe, forming a delivery system of "domestic demonstration-overseas replication-global coverage".

Firmly adhere to the "quality leading" strategyRedefine the green hydrogen equipment track

Facing the three core needs of "safety, stability and economy" in new large-scale green hydrogen application scenarios, Sany Hydrogen Energy deeply analyzes, identifies six major industry challenges, and carries out special research. Build a quality assurance system for the whole process of management, R&D, manufacturing, and on-site to achieve quality control throughout the product life cycle. Sany Hydrogen Energy adheres to the customer-first-oriented, R&D-driven as the engine, comprehensive testing as the line of defense, process leadership as the core, standard first program, and perfect delivery as the practice, firmly implements the "quality leading" strategy, makes the industry's highest standard hydrogen production system, and leads the high-quality development of green hydrogen equipment.

Chen Nan, Executive Director of Qiming Venture Capital, said: "Green hydrogen is in a critical window period from policy demonstration to market-oriented explosion, and enterprises with large-scale, low-cost, and high-reliability delivery capabilities will take the lead in breaking through. Sany Hydrogen Energy is backed by Sany Group's comprehensive advantages in equipment manufacturing, supply chain integration, channel expansion and global delivery for more than 30 years, and is in the first echelon of the industry in product definition, process manufacturing and project delivery. We believe that at the inflection point of green hydrogen, Sany Hydrogen Energy will become the core supplier of global green hydrogen infrastructure. ”

Zhang Shuai, partner of Yonghua Investment, said: "The development of the hydrogen energy industry has entered a critical stage, whether in the field of transportation or chemicals, the closed-loop business model has become the key to breakthrough, and Sany Hydrogen Energy is expected to form a hydrogen energy development model with its own characteristics relying on Sany Group's new energy and equipment manufacturing advantages. Yonghua Investment focuses on investment in the whole hydrogen energy industry chain and is willing to move forward together with the company on the development road of the hydrogen energy industry. ”

Wen Junxiang, deputy general manager of Guangzhou Emerging Fund, said: "Guangzhou Emerging Fund has long paid attention to teams with industry-leading 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 a number of 100-megawatt green hydrogen projects, which is another important layout of our hydrogen energy track. We look forward to working with Sany Hydrogen Energy to accelerate the implementation of green hydrogen technology and enter the international market. ”

Li Ziyue, head of the advanced manufacturing group of the investment banking division of China Renaissance Capital Group, said: "Sany Hydrogen Energy has been very competitive since its inception, and has quickly ranked among the first echelon of global hydrogen production equipment. We are honored to serve as the exclusive financial advisor for this round of financing and look forward to Sany Hydrogen Energy becoming the world's leading provider of hydrogen energy equipment solutions." ”