Recently, the leading domestic Pure Water Electrolysis for Hydrogen (PEM) enterprise, Sikesais Hydrogen Energy（山东赛克赛斯氢能源有限公司）, completed a series B financing of CNY hundreds of Mns.
This financing round was led by SparkEdge Capital（朝希资本） and jointly led by HTCC Fund（铁泰基金）. The funds raised in this round will mainly be used for the construction of a green hydrogen energy industrial park, R&D, improvement of intellectual property layout, and building a top-notch talent team.
Established in 2007, Sikesais is dedicated to the research, production, and application promotion of PEM Pure Water Electrolysis for Hydrogen equipment. Since the 1980s, the company's team has been at the forefront of Proton Exchange Membrane Pure Water Electrolysis for Hydrogen technology research in China, with a history of more than 30 years. Sikesais is one of the few domestic enterprises capable of independently producing and delivering megawatt-level PEM Pure Water Electrolysis for Hydrogen equipment. The company has successfully delivered the first domestic 300Nm³/h single-stack hydrogen production equipment and is the only one to deliver domestically produced 500Nm³/h single-system hydrogen production equipment.
Hydrogen is not only an important industrial raw material but also a crucial component of the future energy system. The report of the 20th National Congress of CPC included energy security as an important aspect of national security system construction and enhancing the capacity to safeguard national security, proposing to "strengthen the construction of the energy production, supply, storage, and marketing system to ensure energy security." According to data from the Energy Chain Research Institute, China currently has over 100 wind and solar electrolysis hydrogen production projects that are either operational, under construction, or in planning. It is estimated that the demand for green hydrogen will reach 1.2 million tons by 2025, and the cumulative shipment of electrolytic water hydrogen production equipment from 2023 to 2025 will reach 15GW. According to a report by the International Energy Agency, the global scale of renewable energy hydrogen production is expected to increase 100 times in the next five years, with an estimated 50GW of renewable energy capacity for hydrogen production between 2022 and 2027.
With abundant renewable energy resources in the Middle East, Africa, and Australia, these regions have become new blue ocean markets for China's hydrogen energy industry. Saudi Arabia's Vision 2030 plan clearly outlines a $5 billion investment for large-scale green hydrogen projects as part of its green energy transition. In December 2022, Egypt announced plans to establish a global green energy center and committed to investing $40 billion in green hydrogen projects, aiming to achieve an annual production capacity of one million tons. China Energy Engineering Corporation (China Energy) has already signed contracts with the Egyptian Energy Management Authority to build wind and solar power stations, hydrogen production equipment, and complementary energy storage facilities.
Australia, with its ranking as the world's top solar radiation resource, has also set its sights on becoming a "hydrogen export country." In 2023, Australia announced a $1.4 billion fund to support green hydrogen projects. According to a report by the International Renewable Energy Agency (IRENA), the northern region of Australia has the highest solar radiation intensity globally and enjoys 3,300 hours of sunshine per year, making it internationally recognized as a country with the lowest photovoltaic hydrogen production costs.
Currently, Sikesais' multi-scenario hydrogen production equipment has been exported to over 40 countries and regions. The company collaborates closely with leading customers in the new energy sector, and its brand, quality, and performance have gained recognition from both domestic and international users. According to insiders at Sikesais, the company aims to achieve global product sales around 2024 and pursue multi-technology route development by 2025, expanding its hydrogen production upstream and downstream businesses, and establishing a presence for PEM hydrogen production throughout the hydrogen energy sector.
In the domestic market, mainstream electrolyzer manufacturers include companies like PERIC(派瑞氢能), Suzhou Jingli（苏州竞立）, Tianjin Mainland（天津大陆）, SinoHY Energy（北京中电丰业）, Kohodo（凯豪达）, Longji（隆基氢能）, SunHydro（阳光氢能）, and SANY（三一氢能）. In overseas markets, PEM electrolyzer companies mainly concentrate in Europe and America, with renowned enterprises such as NEL, McPhy, ThyssenKrupp, Hydrogenics, and ITM Power.