ZhenFund Angel Project "Hyde Hydrogen Energy" Completes Series B+ Round, Fluctuation Hydrogen Production Breaks Through Green Hydrogen Cost Parity Singularity
Long-duration, stable, and continuous low-carbon energy supply.
Hyde Hydrogen Energy recently announced the completion of its Series B+ funding round, with Aramco Ventures increasing its stake, Conch Private Equity making a strategic investment, and Orient Capital participating as a follow-on investor. In 2021, ZhenFund led Hyde Hydrogen Energy's angel round and has been a continuous supporter ever since.
The strategic investors brought in through this round are all Fortune Global 500-level heavy industry leaders with deep footprints in energy and industrial sectors, each bearing clear mandates for energy transition. Saudi Aramco's renewed commitment and Conch's strategic investment further cement Hyde Hydrogen Energy's central position in the global push for affordable green hydrogen and scaled green fuels.
As a global leader in green hydrogen production technology, Hyde Hydrogen Energy pioneered fluctuation-adaptive hydrogen production technology and a square electrolyzer product system, and was the first to achieve green hydrogen costs at the $2/kg level. The company has built a complete value chain from wind and solar power to fluctuation-adaptive hydrogen production, from AI-powered intelligent management to scaled applications in green fuels and industrial decarbonization, creating a closed-loop zero-carbon energy business.
Hyde Hydrogen Energy Products and Solutions
Hyde Hydrogen Energy has already established global project capabilities covering China, Europe, the Middle East, South America, and Africa, with cumulative deliveries exceeding 700MW and more than 20 benchmark projects completed. Real-world projects have validated its technology, cost structure, delivery capabilities, and scene adaptability. The company has achieved 1GW-level production capacity, completed certification systems and engineering standards for international markets, and — combined with intelligent operations and maintenance technology — possesses the scaled delivery capabilities to serve multinational energy clients and large-scale zero-carbon energy projects. It has established deep partnerships with global energy and industrial players including Shell, TotalEnergies, Sinopec, Saudi Aramco, Goldwind, and Conch Cement, building comprehensive leadership in global qualifications, production scale, project experience, and cost competitiveness. Centered on core scenarios including green fuels, industrial decarbonization, and zero-carbon energy supply, Hyde Hydrogen Energy has become a critical zero-carbon technology and solutions partner for the world's leading energy companies in the non-electric new energy domain.
This leading capability continues to earn validation from global industrial capital. In this round, Aramco Ventures reaffirmed Hyde Hydrogen Energy as its anchor project in the hydrogen sector; Conch Private Equity made its first strategic investment, further strengthening Hyde Hydrogen Energy's pivotal role in low-carbon transformation for energy-intensive industries. Previously, Sinopec Capital had already invested in two consecutive rounds. The sustained commitment from energy and industrial giants — from Saudi Aramco and Sinopec to Conch — represents direct recognition of Hyde Hydrogen Energy's technical approach, cost capabilities, global delivery, and commercial leadership. At the same time, Hyde Hydrogen Energy continues to receive support from mainstream investment institutions including NIO Capital, HSG, Joy Capital, Xiang He Capital, ZhenFund, Inno Angel Fund, and Shuimu Tsinghua Alumni Fund. A global zero-carbon industrial ecosystem centered on Hyde Hydrogen Energy is rapidly taking shape.
Today, the global energy system is undergoing structural reshaping centered on energy security and low-carbon transition.
The resonance and interplay between AI technology and the third energy revolution is generating unprecedentedly intense new energy demand, with long-duration, stable, and continuous low-carbon energy supply becoming the foundational infrastructure for next-generation systems. Meanwhile, demands from shipping and aviation emissions reduction, industrial decarbonization, and new energy integration are driving low-carbon energy from power systems into fuel and industrial applications. In China, the 15th Five-Year Plan has designated hydrogen energy as a future industrial direction, further clarifying hydrogen's strategic value in energy substitution, non-electric utilization of new energy, and industrial low-carbon transformation.
Hyde Hydrogen Energy is leveraging advanced green hydrogen production technology to support global project deployment, driving low-cost green hydrogen into scaled commercial application. In green fuels, Hyde Hydrogen Energy is deeply involved in the world's largest green methanol project with its core green fuel solutions, translating its $2-level green hydrogen cost advantage into scaled green methanol supply capabilities to support the shipping industry's low-carbon transition. In industrial decarbonization, Hyde Hydrogen Energy has enabled Asia's first green hydrogen-coupled cement decarbonization project, and is working with petrochemical and coal chemical industry partners to advance green fuel substitution and deep decarbonization in refining, coal chemical, and other high-energy-consumption scenarios, providing scalable and replicable emissions reduction pathways for high-emission industries. In zero-carbon energy supply, Hyde Hydrogen Energy is deeply involved in Saudi Arabia's NEOM zero-carbon energy development, and has implemented Europe's largest photovoltaic hydrogen storage project in Italy.
Facing global markets, Hyde Hydrogen Energy will continue to collaborate with energy, industrial, and global industry partners, pursuing its vision of "advancing sustainable hydrogen energy development and accelerating the global energy revolution." Relying on global projects, core technology, and industrial ecosystem, it will push zero-carbon energy into the core of global industrial operations.
As more industrial forces join, a sustainable energy new era driven by green fuels, industrial decarbonization, and zero-carbon energy supply is accelerating its arrival. We look forward to Hyde Hydrogen Energy continuing to lead this process, defining the next chapter of energy transformation through technological advancement and scaled global delivery.
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