On October 11, 2024, Enapter AG and China's Wolong Group commenced the series production of their AEM megawatt electrolyzer at the Shangyu facility. This marks a significant milestone in their joint venture, aimed at establishing a presence in the Chinese green hydrogen market. The collaboration has already secured memoranda of understanding with key Chinese entities, including Concord New Energy and Baowu Steel, the largest steel manufacturer in the country. Baowu Steel's partnership with the venture is focused on expanding its green hydrogen production to bolster its efforts in reducing carbon emissions. Dr. Jürgen Laakmann, CEO of Enapter AG, views the production initiation as a strategic move to expand their market reach in China. Pang Xinyuan, Chairman of Wolong Electric Group, underscores the rapid progress of the partnership and expresses readiness for further collaborations. The joint venture's commitment to advancing green hydrogen technology in China reflects a positive sentiment towards sustainable energy solutions and environmental impact reduction.