Hyde Hydrogen Energy
海德氢能
Hyde Hydrogen Energy (海德氢能) is a green hydrogen technology company founded by Tsinghua Ph.D. Changsheng Yao , with ZhenFund as its earliest backer since a 2021 angel round . The company positions itself as a global leader in renewable-powered hydrogen production, built around its flagship HydoLyser® electrolyzer systems — a product line the company describes as a "chip" for green energy applications .
Its core technical claim is breakthrough cost parity: per a June 2026 ZhenFund piece, Hyde achieved "$2/kg-level green hydrogen" through fluctuation-adapted hydrogen production and square-cell electrolyzer architecture, operating at 4.0 kWh/Nm³ DC power consumption with current efficiency above 97% . The company has delivered over 700MW across 20+ benchmark projects spanning China, Europe, the Middle East, South America and Africa, with 1GW manufacturing capacity .
Hyde's commercial traction comes through partnerships with Shell, TotalEnergies, Sinopec, Saudi Aramco, Goldwind and Conch Cement — relationships it uses to validate technology in green fuels, industrial decarbonization and zero-carbon power supply . Most recently in June 2026, it closed a Series B+ round with follow-on from Aramco Ventures and new strategic investment from Conch Private Equity, adding to a cap table that includes NIO Capital, Sequoia China, Joy Capital, Xiang He Capital and others .
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