SinoHy Amalgamated Under Hygreen Energy in Strategic Expansion to Global Hydrogen and Electrolyzer Markets

BEIJING, CHINA AND MADRID, SPAIN / ACCESSWIRE / June 27, 2024 / Hygreen Energy ("Hygreen" or "the Company"), a global electrolyzer supplier for green hydrogen production, announces the completion of its amalgamation with Beijing SinoHy Energy Co., Ltd. ("SinoHy"). This transition aims to position Hygreen as a major player in global hydrogen markets, boosting its growth as a leading electrolyzer manufacturer internationally.

SinoHy, with over 17 years of manufacturing experience, primarily served the Chinese market where hydrogen demand is significant. Its state-of-the-art facility in Shandong, China, spanning over 40,000 square meters, has a production capacity of 2 Gigawatts annually.

Hygreen intends to leverage its expertise to expand in the global electrolyzer market, expected to reach a size of 431 GW by 2030. The company plans strategic investments, partnerships, localized manufacturing, and technology development to enhance global competitiveness.

Hygreen is establishing new offices in key locations like Madrid, Toronto, Dubai, Hong Kong, and hiring strategic leaders to support global expansion. The company's products meet regional certification requirements and are already in use on four continents. Manufacturing capacity is projected to increase to 5 Gigawatts in 2025.

CEO Benny Wang stated, "We are repositioning to better serve our clients globally as we transition to the rapidly-growing hydrogen market." This rebranding reflects Hygreen's commitment to global market competitiveness and technological advancement.