Shanghai Yijing raises Series A for solid-oxide hydrogen tech
What's the deal? Shanghai Yijing Energy TechnologyDealroom has a profile for this one. Try Dealroom →, a developer of solid-oxide electrochemical systems, has closed a Series A round. The round was led by Xuanyuan CapitalDealroom has a profile for this one. Try Dealroom →, with participation from Yunyi ElectricDealroom has a profile for this one. Try Dealroom → and Yangzhou Xuanyuan Yunyi Equity Investment Partnership (Limited Partnership).
What's the endgame? Founded in 2020, Yijing builds solid oxide electrolysis cell (SOEC) hydrogen-production systems and solid oxide fuel cell (SOFC) power-generation systems, along with core components and materials. It also supplies integrated energy solutions that couple with renewables such as wind and solar.
Who's backing it? Yangzhou Xuanyuan Yunyi is an industrial fund set up by Xuanyuan Capital and Shenzhen-listed Yunyi Electric (300304.SZ). The fund acted as the sole investor in the deal.
Why now? The raise follows quickly on Yijing's earlier funding, a fast re-raise that signals continued investor conviction in the company's technology.
The signal: Solid-oxide systems that pair hydrogen production and power generation with wind and solar are drawing fresh capital as investors look for ways to store and use renewable output. Yijing's tie-up with a listed industrial backer points to closer ties between startups and public companies chasing that market.
Read more: 163.com
Image credit: Generated with Gemini
