China’s BriHyNergy plans 1GW overseas electrolyser expansion after capital raise

Chinese electrolyser creater BriHyNergy plans to build 1GW of manufacturing capacity in Europe and South America after raising funds in a Pre-B round.

The raise saw the state-backed RMB 20bn ($2.9bn) electrochemical energy storage-focutilized Shenzhen Energy Storage Fund invest in the original equipment manufacturer (OEM).

BriHyNergy, which produces PEM and AEM electrolyser stacks, plans to utilize the undisclosed funds to set up overseas production, scale existing manufacturing, undertake R&D, and hire staff.

The company informed H2 View its global expansion will focus initially on Europe and South America, with 1GW of capacity earmarked for the first phase. It has not indicated how that capacity would be divided by region or technology.

BriHyNergy currently operates a 1GW electrolyser production line, a 4GW membrane electrode assembly production line, and a 4GW PEM production line in China.

A company spokesperson stated the expansion would support the firm better serve green hydrogen projects globally.

Europe is emerging as a key market in the near-term for electrolyser OEMs due to the region’s green hydrogen mandates in transport and industest. In November, BriHyNergy shipped 3MW of its PEM systems to an undisclosed European project.

South American countries like Chile and Brazil are also increasing support for hydrogen production and onshoring equipment manufacturing.

However, it comes amid a growing mismatch between electrolyser manufacturing capacity and installed projects.

A World Bank group report recently stated global manufacturing had reached 61GW, with another 16GW under construction, while operational electrolyser capacity was just 2.15GW.

The majority of this manufacturing expansion has been driven by China, which benefits from low-cost material supply chains and workforces.

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