➡️ Can you tell us about Hygreen, its products and its mission?

Hygreen Energy is committed to being a hydrogen and electrolyser solution provider, so while our business is primarily in alkaline and proton exchange membrane (PEM) electrolysers, we have also recently announced our anion exchange membrane (AEM) electrolysers are ready for commercial orders. This makes us uniquely positioned as an original equipment manufacturer (OEM) that can offer three technologies commercially.

In addition to this, we are not only stack developers, but we also manufacture balance of plant (BOP) and auxiliary components, as well as design solutions for hydrogen plants. In short, Hygreen Energy is expanding its breadth of product offerings, and this enables us to be more agnostic and less biased in providing the best-fit solutions for each customer’s needs.

➡️ What are the major features of the recently released AEM electrolyser? Do you plan to promote it outside of China?

Our AEM technology has undergone over five years of research and development at Hygreen Energy’s in-house labs, so we are very excited to bring our first commercial AEM offerings to the market. Our AEM electrolyser was announced in September 2024 with commercial orders available worldwide. We are in talks with customers around the world.

Our AEM electrolyser solution is designed with our years of experience to know what customers want. The customisation and flexibility in load range are two of the many design choices that reflect our deep understanding of customer needs. Similarly, we also believe that by offering a more plug-and-play solution, our AEM electrolyser can offer easier installation and operation, simplify deployment and reduce time to market.

➡️ Talking about geographic expansion, Hygreen has announced new investments in Spain. What has driven that decision? Do you see the company setting manufacturing capacity in other places?

Hygreen Energy’s recent announcements in Spain are directly related to the company’s positive outlook on the country as one of the leaders in Europe for hydrogen adoption. That said, we do believe Europe overall will experience strong growth, so our initiatives in Spain should be seen as Hygreen Energy’s strategy for Europe. In fact, our manufacturing facility there will produce products that are compliant with European standards, not just Spain. Hygreen Energy will continue to look at more ways to better engage with customers across Europe.

While Hygreen Energy is particularly strong with our years of in-field experience with project developers, electrolyser expertise and manufacturing capabilities, one key advantage is our strength in management. Our European team is led by renowned industry leaders including Marcelino Oreja (chairman, EMEA), who is former ceo of Enagas, former member of European Parliament, and extensive leadership success in biogas, energy and hydrogen sectors, as well as Daniel F. Salamanca (managing director, EMEA), who brings over 20 years of leadership in renewable energy and environment industries. Hygreen Energy is well positioned to succeed in Europe under their leadership.

➡️ What’s the relationship between SinoHy Energy and Hygreen Energy?

SinoHy Energy was amalgamated under Hygreen Energy. In essence, Hygreen Energy will leverage SinoHy’s 17 years of hydrogen industry experience, product portfolio, and electrolyser manufacturing capabilities, to expand globally as Hygreen Energy. Building on SinoHy’s foundational success, Hygreen Energy will combine this with an international management team, new strategic investments, partnerships, product positioning, marketing, localised regional manufacturing, technical support, and technology development.

➡️ With 17 years of expertise in water electrolysis, I’m sure there have been plenty of hurdles along the way. What have been the major challenges the company had to overcome in the past? What are the current headwinds and how can they be addressed?

Our journey to becoming a leader in manufacturing electrolysers has certainly included challenges that ultimately fuelled our growth. From pioneering the technology and scaling production, to navigating regulatory environments and shifting market conditions, each challenge gave us the opportunity to work closer with our customers, in order to learn and build our expertise. We stayed lean, made sound business decisions, built a superbly dedicated team, and grew carefully. Looking forward, regulatory and subsidy environments will continue to evolve, projects will grow larger, and the market will gain more data from in-field use of electrolysers. Costs will decrease to more attractive levels, which will create a more competitive environment. This is where our deep experience will shine in the next phase of the sector's growth, by leveraging our foundation of resilience, technology innovation, competitive product offerings, manufacturing know-how, and a dedicated team that knows how to support customers.

➡️ With the current market conditions, do you see Hygreen revising its ambitions to increase its manufacturing capacity from 2 GW today to 5 GW in 2025? Is there demand for such expansion?

The production capacity is still correct. Currently 2 GW and expected to reach 5 GW in 2025. We are also currently looking at regional manufacturing, including recently announced plans for production in Europe, specifically in Spain, to manufacture Europe-compliant electrolysers.

➡️ To finalise, what is Hygreen Energy’s outlook for the future?

We have a very positive outlook for Hygreen Energy’s competitiveness to become one of the top electrolyser suppliers in the world. This stems from our breadth of offering across alkaline, PEM and AEM technologies, our quality and scale of manufacturing, our cost competitiveness, our technology advancement, and our strategic management.