Hygreen Energy Repositions for Global Market Leadership in Electrolyzer Manufacturing
Key Ideas
  • Hygreen Energy completes amalgamation with Beijing SinoHy Energy, bringing over 17 years of electrolyzer manufacturing experience and positioning itself as a major player in global hydrogen markets.
  • The company plans to leverage its expertise to address the overseas electrolyzer market's significant growth potential, aiming for a global market size of 431 GW by 2030.
  • New strategic investments, partnerships, and a restructured organizational setup will support Hygreen Energy's global competitiveness and expansion, with manufacturing capacity set to increase to 5 Gigawatts in 2025.
  • The addition of international partnerships and key hires further strengthens Hygreen Energy's leadership, enhancing its capabilities in business development, technical support, and market expansion across different regions.
Hygreen Energy, a global electrolyzer supplier for green hydrogen production, has completed the amalgamation with Beijing SinoHy Energy Co., Ltd., repositioning itself to become a major player in global hydrogen markets. SinoHy brings extensive experience in electrolyzer manufacturing, primarily in the Chinese market, and boasts a state-of-the-art manufacturing facility in Shandong, China. With the hydrogen sector experiencing strong demand, Hygreen Energy aims to capitalize on the overseas electrolyzer market's growth potential, targeting a global market size of 431 GW by 2030. The company plans to enhance its global competitiveness through strategic investments, partnerships, and a restructured organizational setup. This transformation includes establishing new offices and staffing in key locations worldwide, such as Madrid, Toronto, Dubai, and Hong Kong. The addition of international partnerships and strategic hires, including industry veterans like Javier Romero and Marcelino Oreja, further bolsters Hygreen Energy's leadership and capabilities for global expansion. Hygreen Energy's product offerings are designed to meet certification requirements globally, with plans to expand its manufacturing capacity to 5 Gigawatts by 2025. The company aims to support its growing customer base by increasing automation in manufacturing and offering a range of electrolyzer technologies, including AEM in addition to alkaline and PEM. CEO Benny Wang expressed the company's commitment to supporting the global hydrogen market and facilitating a greener future through enhanced operational capabilities and strategic positioning. With over 300 electrolyzer projects executed and a reputation for cutting-edge technology, Hygreen Energy is poised to lead the way in electrolyzer manufacturing and green hydrogen production on a global scale.
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