Yipu Technology recently completed a ten-million-yuan Series A financing round led by Zhineng Capital. This funding will be used to further develop our independently innovative new generation of alkaline electrolyzers and composite electrolyzer hydrogen production control technology, expand both domestic and international markets, and strengthen our professional talent team.
Core Technology Advantages
Founded in April 2020, Yipu Technology's core products include the new generation of alkaline electrolyzers and composite electrolyzer hydrogen production control technology. These technologies can significantly reduce the manufacturing, transportation, commissioning, installation, and maintenance costs of hydrogen production equipment, enhancing the economic efficiency of hydrogen production. Our electrolyzers combine the technical characteristics of alkaline electrolyzers and proton exchange membrane electrolyzers, achieving rapid dynamic response and a wide power operating range through composite electrolyzer control technology, providing customers with comprehensive green energy solutions.
Global Business Expansion
The company has also made significant progress in the international market. Yipu Technology established a subsidiary in Amsterdam, Netherlands, with business covering France, Germany, Spain, Poland, Morocco, Saudi Arabia, and other countries. In April this year, we successfully signed a 5MW hydrogen production system EPC contract with a new energy company in eastern France, marking the first hydrogen production system EPC contract signed by a domestic hydrogen equipment company in Europe.
Innovation and Cooperation
Yipu Technology's core team has a rich international background. The founder, Luo Jian, graduated from Shanghai Jiao Tong University and has extensive work experience in the chemical and steel industries. The company's overseas business CEO, Thierry, has 15 years of experience in the research and development and engineering of electrolyzer systems.
We actively collaborate with renowned research institutions and companies at home and abroad, such as Shanghai Jiao Tong University and the Institute of Applied Physics of the Chinese Academy of Sciences, to carry out collaborative scientific research projects. In terms of industrial applications, we cooperate with Baowu Group, China Energy Investment Corporation, China Aerospace Science and Technology Corporation, Shanghai Electric, and other companies, constructing and commissioning water electrolysis hydrogen production projects in multiple provinces and cities.
Future Development
With the declining prices of wind and solar electricity and the continuous maturity of technology and equipment, green electricity hydrogen production has become a hot topic in the hydrogen energy field. We will continue to promote the large-scale application of alkaline electrolyzers in industries such as steel and chemicals, continuously improving equipment efficiency and reducing costs. Our self-developed new type of alkaline catalyst is also under development to further enhance the overall efficiency of hydrogen production equipment.
Yipu Technology will continue to lead industry innovation, contributing to the development of global hydrogen energy. We look forward to working with more partners in the future to jointly promote the widespread application and sustainable development of green energy.
