CM Xiageng Hydrogen Energy Technology, a startup backed by the Fujian government and China Merchants Group, is set to ramp up its production to meet the growing demand for green hydrogen globally. With the market for green hydrogen projected to reach US$70 billion by 2034, the company is strategically positioning itself to capitalize on this lucrative opportunity. China, as the largest hydrogen producer, aims to shift towards green hydrogen production using renewable energy sources to reduce carbon emissions and achieve carbon neutrality by 2060. CM Xiageng plans to raise funds to support its expansion as China aims to increase its green hydrogen electrolyser capacity significantly. The company's chairman emphasized the importance of using renewable energy in hydrogen production to maintain a low carbon footprint throughout the supply chain. Potential customers for CM Xiageng's technology include state-owned and private energy firms in China, as well as companies in Japan, Italy, the US, and India. Recognized for its efficient design in green hydrogen production, CM Xiageng is at the forefront of the global green hydrogen manufacturing equipment market. The company's technology has been praised for its energy efficiency, with plans to scale up production capacity and invest in technology upgrades to drive the transition to a hydrogen-based economy. Gao Xiaoping, the chairman of CM Xiageng, who has a background in electrochemistry and experience at industrial gas giant Air Products and Chemicals, is leading the company towards a sustainable future. With strong backing from the Fujian government, China Merchants Group, and other stakeholders, CM Xiageng is well-positioned to play a significant role in the advancement of green hydrogen technology and the global energy transition.