en.Wedoany.com Reported - Hydregen announced on June 24 that it has completed its Series B+ financing round, bringing in strategic investors. This round saw additional investment from Aramco Ventures, the venture capital arm of the world's largest oil company Saudi Aramco, strategic investment from Conch Venture Capital under Conch Cement, and follow-on investment from Dongfang Jiafu.
Hydregen stated that as a green hydrogen production technology company, it has pioneered fluctuating hydrogen production technology and a square electrolyzer product system. Its thousand-standard-cubic-meter industrial-grade products have completed long-term fluctuating operating conditions and obtained certification from professional third-party institutions, achieving a green hydrogen cost of $2 per kilogram. It has built a full chain from green electricity from wind and solar to fluctuating hydrogen production, from AI intelligent management to large-scale application of green fuels and industrial carbon reduction, creating a closed-loop zero-carbon energy business model.
According to Hydregen, it has established a 1 GW production capacity, with global project capabilities covering markets including China, Europe, the Middle East, South America, and Africa. It has delivered over 700 MW cumulatively, with more than 20 projects implemented. It has formed deep partnerships with global energy and industrial partners such as Shell, TotalEnergies, Sinopec, Saudi Aramco, Goldwind, and Conch Cement.
Previously, Sinopec Capital has invested in Hydregen for two consecutive rounds, with mainstream investment institutions such as NIO Capital, Sequoia China, Joy Capital, Xianghe Capital, ZhenFund, InnoAngel Fund, and Tsinghua Alumni Seed Fund successively entering.
Hydregen stated that it is supporting global project implementation with advanced green hydrogen production technology, promoting low-cost green hydrogen into large-scale commercial applications. In the green fuel sector, Hydregen is deeply involved in the world's largest green methanol project with its core green fuel solutions, converting the cost advantage of $2-level green hydrogen into large-scale green methanol supply capability. In the industrial carbon reduction sector, Hydregen is promoting the implementation of Asia's first green hydrogen-coupled cement carbon reduction project, and working with petrochemical and coal chemical industry partners to advance green fuel substitution and deep carbon reduction in high-energy-consumption scenarios such as refining and coal chemical industries. In the zero-carbon energy supply sector, Hydregen is deeply involved in the zero-carbon energy construction of Saudi Arabia's NEOM, and has implemented Europe's largest photovoltaic hydrogen storage project in Italy.
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