In today's world, the development and application of hydrogen energy technology is especially important, particularly in the context of driving the development of the green energy industry. Among them, water electrolysis hydrogen production equipment, as a key technology for converting water into hydrogen, is crucial for hydrogen energy to gain widespread market applications through economic enhancement. In this field, a new generation of alkaline electrolyzers and composite electrolyzer hydrogen control technology has emerged, which will significantly reduce the early investment cost and subsequent operating expenses of hydrogen production projects, improve hydrogen production efficiency, and become a landmark product, promoting the large-scale development of hydrogen industrialization.
Yipu Technology, as a leading provider of integrated green energy solutions, continually innovates in hydrogen production technology. Their independently developed new generation of alkaline electrolyzers and composite control technology has greatly reduced the costs of equipment manufacturing, transportation, and installation, as well as enabling the equipment to rapidly respond and adapt to a wide range of power operations. The application of these technologies provides clients with more economical and efficient green energy solutions.
The company's team has rich international experience and deep professional background, with its founder Luo Jian and other core team members accumulating considerable work experience in related fields. Yipu Technology not only positions its technology and products in the domestic market but also actively expands overseas business. Its subsidiaries in the Netherlands and business development in many European countries such as France and Germany illustrate the company’s international strategy. In particular, the signing of the EPC contract for a 5MW hydrogen production system in Eastern France symbolizes the recognition of Yipu Technology's strength in the international hydrogen industry market and also marks its official step towards internationalization.
With the continuous upgrading and optimization of alkaline water electrolysis hydrogen production technology, Yipu Technology's new generation of alkaline electrolyzers and composite electrolyzer hydrogen control technology will make an important contribution to the global green energy supply, promote the development of the hydrogen energy industry chain, realize the widespread use of clean energy, and support the goal of global energy transformation.
With its profound industry experience and strong resources of higher education institutions, Yipu Technology, in the past four years, in cooperation with numerous partners such as Baowu Group, State Power Investment, Aerospace Science and Technology, Shanghai Electric, and CSSC (No. 718), has successfully built and put into operation several water electrolysis hydrogen production projects in Guangdong, Inner Mongolia, Xinjiang, Sichiang, and other places. The company has also jointly launched scientific research cooperations with top domestic research and development institutions like Shanghai Jiao Tong University and the Institute of Applied Physics of the Chinese Academy of Sciences.
At a time when green electricity prices are continuing to decrease and technology equipment is maturing, green electricity hydrogen production, as a hot topic in the hydrogen energy field, sees its industry development greeted by significant advantages and a broad market outlook. Faced with the future demand from large-scale hydrogen industries such as steelmaking and chemical engineering for reduced hydrogen production equipment costs, as well as transportation, installation, maintenance costs, and mature large-scale hydrogen system control, Yipu Technology has invested substantial R&D resources.
Yipu Technology has successfully developed a new generation of alkaline electrolyzers and composite control technology in-house, innovations that can significantly reduce the cost of hydrogen production equipment and its related transportation, installation, and maintenance, as well as improve the utilization efficiency of green electricity. The company is also actively developing new alkaline catalysts to enhance the overall efficiency of hydrogen production equipment.
The founder Luo Jian revealed that in 2022, YiPao Technology started the design and development of a new generation of alkaline electrolyzers, comprehensively optimizing the shape, materials, internal structure, and catalytic materials of the electrolyzers. In 2023, the company signed an exclusive and exclusive joint research and development agreement with a renowned French materials company. It is noteworthy that YiPao Technology's new generation alkaline electrolyzer with a capacity of 60 standard cubic meters per hour completed production and assembly in January 2024, and began its electrification tests in February. Meanwhile, the design of the 200 standard cubic meters per hour product has been confirmed, with prototype assembly expected to be completed by June, followed by the design and production stages for products with capacities of 500 standard cubic meters per hour, 1000 standard cubic meters per hour, and 2000 standard cubic meters per hour later this year or early next year.
The company's new generation alkaline electrolyzer, the 1.0V version with a 200 standard cubic meters per hour capacity, is planned to be initially demonstrated in the steel industry; and the 500 standard cubic meters per hour product will subsequently be demonstrated in the chemical industry. Luo Jian also stated that YiPao Technology's independently developed 200 standard cubic meters per hour new generation alkaline electrolyzer and its upgraded hydrogen production control system will soon commence demonstrative applications within a top domestic steel company.
In addition, Luo Jian emphasized to the public that cost is the core issue restricting the mass industrialization of hydrogen energy. By utilizing the company's newly developed next-generation alkaline electrolyzer and its comprehensive electrolyzer hydrogen control technology, YiPao Technology can significantly reduce the upfront fixed investment and the variable operational costs of hydrogen production projects. With these technologies, the economics of the hydrogen production process will be significantly improved. With the 1.0V version design of the new generation alkaline electrolyzer, the performance parameters show a 20% reduction in cost, a 50% decrease in weight, and a 30% increase in manufacturing efficiency. By 2025, a higher version of the new generation alkaline electrolyzer, version 2.0V, is expected to be released, at which time the above performance parameters will be further optimized and enhanced.
YiPao Technology has initiated a new round of fundraising activities, attracting the interest and attention of multiple investors. Chen Hualiang, General Manager of Zhineng Capital, an important participant in the Series A investment, shared the reasons why they chose to support YiPao Technology. He mentioned that the company has a leading innovation capability in the key technology of electrolytic water hydrogen production and also has strong market expansion. The core team of the company is not only international but also creative. It is because of the team's strength that the company holds a leading position in domestic electrolytic water hydrogen production technology, especially with the independently developed new generation of alkaline electrolyzers which have revolutionized the industry, significantly reducing production costs and improving efficiency. Currently, the first mass-produced electrolyzer has begun production and has a confirmed customer delivery plan.
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