The total financing amount of 8 hydrogen power enterprises exceeds 600 million

According to the statistics of public information, in January and February this year, eight hydrogen energy enterprises, including the proton exchange membrane manufacturer Kerun New Materials, the membrane electrode manufacturer Tang Feng Energy, the carbon paper manufacturer Shanghai Carbon International, the hydrogen vehicle operator Takiu Hydrogen Energy, the cogeneration provider Huade Hydrogen Energy, the fuel cell DC/DC supplier Furui Electric, and the hydrogen energy material enterprise Kervoke Technology, announced the latest financing progress, with a total financing amount of more than 600 million yuan.

From the perspective of financing situation, in addition to the financing of fuel cell and operating enterprises, more key components and materials enterprises have obtained financing, and the financing scale of these enterprises has expanded. Details are as follows:

From a comprehensive analysis, in 2023, the financing of hydrogen energy industry continued the hot trend in 2022, and also showed the following new features:

1. The importance of material enterprises has become increasingly prominent, attracting investors' attention. In the past year, the financing of the fuel cell industry chain was mainly concentrated in the system and stack links. According to incomplete statistics, the financing of 14 fuel cell enterprises exceeded 6 billion yuan in 2022. At the beginning of the new year in 2023, three enterprises that distribute fuel cell proton exchange membranes, membrane electrodes and carbon paper have obtained financing of more than 500 million yuan.

2. Financing in the field of hydrogen production from electrolytic water began to increase. According to the distribution of the industrial chain of the financing enterprises, there are 1 fuel cell company, 4 fuel cell material companies, 1 hydrogen vehicle operation company, and 2 electrolytic cell enterprises. In the eight financing cases, Sinohydro and Carvoke are both related to electrolytic cell materials, and their main businesses are in the direction of electrolytic water hydrogen production diaphragm.

3. The financing is mainly used for R&D and production line construction. Most of the hydrogen energy enterprises that have obtained financing are new companies that have been established for less than five years. Most of these enterprises are still in the critical period of R&D and mass production. Therefore, the financing is mostly used for the development of new products and the construction of production lines.

4. The financing process in the field of fuel cells is faster than that of hydrogen production by electrolysis of water. In the fuel cell sector, a number of system companies have begun to rush to IPO, and some fuel cell parts suppliers such as Tangfeng Energy Finance have entered the C-round segment. In contrast, the newly entered electrolytic cell parts enterprises have just started financing, ahead of round A.