China's Greex raises tens of millions of yuan for green hydrogen tech
What's the deal? Changzhou Greex Energy Technology has raised an angel round of tens of millions of yuan, led by Saike Fund. The Ordos New Energy Research Institute and the Yangtze River Delta (Changzhou) Hydrogen Energy Innovation Center also joined.
What's the endgame? Greex develops high-temperature solid-state electrochemical technologies for green hydrogen and distributed power. Its focus sits on solid oxide electrolysis cells (SOEC) and solid oxide fuel cells (SOFC).
Where the money goes: The proceeds will fund research and product iteration on both cell types. They will also support demonstration projects and industrialization efforts.
Who's behind it? The core team comes from Tsinghua University's Ouyang Minggao group, a lineage in advanced energy research.
The signal: An angel round in the tens-of-millions-of-yuan range marks early-stage backing for a technical team moving from the lab toward commercial deployment. Backing from a hydrogen innovation center and a new energy research institute points to how China's energy sector is funnelling early capital into solid oxide technologies for green hydrogen.
Read more: en.tmtpost.com
Image credit: Generated with Gemini
