Chint Group's Taihydrogen Closes 150 Million Yuan Pre-A Round to Expand "Green Power + Green Hydrogen" Applications

Recently, Shanghai Taiqingchen Energy Technology Co., Ltd. (hereinafter referred to as "Taiqingchen") announced the completion of its Pre-A funding round, raising RMB 150 million. The round was led by Gaorong Ventures, with Boyu Capital as co-investor, while existing shareholders also increased their stakes. The proceeds will be used primarily for overall industrial layout, continuous R&D of technology and products, and expanding core product and technology capabilities, as well as developing demonstration projects such as wind-solar-hydrogen-methanol integration and offshore hydrogen islands.

System Solutions Provider for Hydrogen Production and Hydrogen Power Generation Equipment

Taiqingchen was established in March 2022 by Chint Group Co., Ltd., a globally renowned smart energy system solutions provider and Fortune 500 China company, with Shanghai REFIRE Group Co., Ltd., a world-leading hydrogen energy technology enterprise, participating as a founding shareholder. Since its inception, Taiqingchen has followed Chint's hydrogen energy strategy, continuously promoting the integrated development of "hydrogen-electricity + energy," positioning itself as a system solutions provider for hydrogen production and hydrogen power generation equipment, and committing to advancing hydrogen energy technology and applications. The company has already built a professional team, developed mature hydrogen production and power generation products, and secured megawatt-scale orders and demonstration applications.

As a clean energy source of the 21st century, hydrogen is gradually becoming a critical direction for global energy transition. In China, the wind-solar-storage-hydrogen industry continues to show strong momentum, with hydrogen applications rapidly penetrating various sectors and playing an increasingly important role in the energy transition process. Hydrogen energy storage is particularly significant for building China's smart grid and scaling up renewable energy generation.

According to reports, Taiqingchen will accelerate the integrated construction of a "wind-solar-hydrogen-storage" industrial base in Tianjin, which will serve as its northern regional headquarters. The Tianjin project covers approximately 80 mu (about 13.3 acres) and will include a hydrogen energy equipment industrial base, R&D testing facilities, and engineering centers. The company plans to work with local government to use industrial落地 as an opportunity to jointly achieve new breakthroughs in hydrogen energy industry development, exploring approaches such as green hydrogen production from wind and solar power, integrated source-grid-load-storage-hydrogen demonstration projects, and on-site hydrogen production at refueling stations, thereby opening up hydrogen application scenarios and advancing the integration of green hydrogen driving green electricity.

Strengthening Core Product and Technology Capabilities, Leveraging Industrial Chain Synergies

At the funding signing ceremony held on January 26 at Chint Zhi Dian Port in Shanghai's Songjiang District, Nan Cunhui, Chairman of Chint Group, stated that this signing not only reflects investors' and Chint Group's long-term optimism for the hydrogen energy sector, but also expresses confidence in green, low-carbon, high-quality development for China and the world. He expressed hope that Taiqingchen would leverage the strengths of all parties, continuously introducing more cost-competitive new technologies, products, services, and business models to the market through ongoing technological innovation and product upgrades, forming surging叠加抛物线 (compound growth curves) that would powerfully drive the company's healthy and sustainable development.

Cheng Yuhao, Assistant to the President of Chint Group, General Manager of Strategic Investment Department, and Chairman of Taiqingchen, stated that this successful funding round is an important guarantee for seizing the new round of development opportunities in the hydrogen energy industry, and also a milestone in empowering the industrialization of Chint Group's emerging sectors. Taiqingchen will coordinate resources from all parties to accelerate the construction of its Tianjin production base, strengthen core capabilities in electrodes, membranes, electrolyzer bodies, and systems, fully advance the落地 of demonstration projects such as wind-solar-hydrogen-methanol integration and offshore hydrogen islands, and actively deploy and expand overseas markets leveraging Chint's global platform resources, building a strategic customer base, striving to reach new heights in both industrial development and financing.

Yuan Feng, Partner at Gaorong Ventures, said, "We are optimistic about hydrogen energy's enormous market potential and explosive growth, as well as its development opportunities under China's dual carbon strategic goals. The Taiqingchen team possesses outstanding industry insight, technical expertise, market expansion efficiency, and a pragmatic spirit. We hope to be a participant and witness in the company's long-term development, helping to continuously break through in the industrialization process."

Going forward, Taiqingchen will continue to leverage the resources and synergies of its industrial shareholders, strengthen industrial capability building, and take multiple approaches to develop high-performance core equipment, bring in expert teams, layout key hydrogen production materials, and expand manufacturing capacity. The company will continuously expand clean energy integrated application models based on "green electricity + green hydrogen," striving to provide global customers with higher quality, more reliable hydrogen energy solutions.