Aramco invests Chinese electrolyzer producer, impacts on MENA green hydrogen projects
On February 20, Aramco Ventures has completed a strategic investment into Hydo Tech, a leading provider of hydrogen electrolyzers in China, according to Hydo Tech’s new release.
Aramco Ventures is the corporate venturing arm of Aramco, the world’s leading fully integrated energy and chemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, Aramco Ventures’ strategic venturing programs invest globally in start-up and high growth companies with technologies of strategic importance to its parent company, Aramco, primarily supporting its operational decarbonization, new energies and materials businesses, and digital transformation initiatives.
Hydo Tech is a major innovator in green hydrogen production technology and manufacturer of electrolyzer headquartered in China. In response to a number of challenges in the green hydrogen era, Hydo Tech has developed the world's first advanced square-shaped and pressurized alkaline electrolyzer system - Hydolyser(®).
Currently, Hydo Tech's business reaches across multiple regions, and collaborates closely with world-leading energy enterprises such as Shell, TotalEnergies, Sinopec, and GoldWind to establish flagship projects and jointly drive the development of the hydrogen energy industry with global partners, according to the company.
With an in-house business development team, Aramco Ventures actively support portfolio companies in doing business with Aramco and accessing the Saudi Arabian and regional MENA market, including facilitating technical collaboration, piloting, business development, and accessing technical and operational expertise.
The strategic investment has instant effect. Almost the same time, on February 16, Enowa, the sustainable energy and water systems subsidiary of NEOM, signed an agreement with Hydo Tech in Saudi Arabia. According to the agreement
Aramco invests Chinese electrolyzer producer, impacts on MENA green hydrogen projects
Aramco invests Chinese electrolyzer producer, impacts on MENA green hydrogen projects
On February 20, Aramco Ventures has completed a strategic investment into Hydo Tech, a leading provider of hydrogen electrolyzers in China, according to Hydo Tech’s new release.
chinahydrogen.substack.com