As the year draws to a close, Xingran Technology has completed a strategic funding round of nearly 100 million yuan.

On December 31, 2024, Shaanxi Xingran Technology Co., Ltd. (referred to as “Xingran Technology” or the “Company”) completed a strategic financing round totaling nearly 100 million yuan. This round was led by Shaanxi Yingfeng Shicheng Green Energy Industry Investment Fund, with participation from Xi'an Tianhong High-end Equipment Fund and Xixian Jin Kong Yuanquan Fund, among others. Amidst the ongoing capital winter, this financing round has added a bright spot to the hydrogen energy industry, particularly boosting the rapid development of PEM hydrogen production technology.

March 2024

The company’s high-end equipment manufacturing base has been established in Changzhou.

May 2024

The company’s 200 m³/H MW-scale PEM electrolyzer mass-produced product has completed factory testing.

June 2024

Construction has begun on the 26,000㎡ base in Changzhou.

July 2024

Offer a product price that is 50% lower than the industry average (10,000 yuan/m³H).

October 2024

Customized manufacturing of modern production line equipment is complete.

The final day of 2024

The company has completed its Series A funding round.

In 2024, we’re full of momentum; in 2025, we’ll continue forging ahead with unwavering determination.

Deeply cultivating electrolysis-based hydrogen production technology and leading the development of hydrogen production equipment.

Founded in April 2019, Xingran Technology is a globally leading technology enterprise specializing in PEM water electrolysis hydrogen production equipment. The company focuses on the R&D, manufacturing, and sales of PEM water electrolysis hydrogen production systems. In collaboration with Nanjing University and North China Electric Power University, Xingran Technology has independently developed its entire product line—from basic materials and core components to electrolyzers—constantly iterating and innovating. Today, its fourth-generation electrolyzer products have already reached the forefront of international advanced technologies.

Xingran Technology Completes Nearly 100 Million Yuan in Strategic Financing.

 

In terms of R&D, the company’s proprietary technologies cover key areas such as catalysts, membrane electrodes, bipolar plates, electrodes, and complete PEM fuel cell stacks, enabling the company to independently develop and manufacture all critical processes and components of its products. Meanwhile, the company has jointly established a Hydrogen Energy Joint Laboratory with North China Electric Power University, located on the Beijing campus of North China Electric Power University. The laboratory boasts more than 20 top research talents, including professors, associate professors, PhD holders, and master’s degree holders, and serves as a vital force in the company’s fundamental research.

Xingran Technology Completes Nearly 100 Million Yuan in Strategic Financing.

 

Xingran Technology Completes Nearly 100 Million Yuan in Strategic Financing.

 

▌In terms of products, the company is committed to manufacturing world-leading electrolyzer products through intelligent manufacturing. The company’s founder serves concurrently as Chief Engineer and Chief Product Officer, ensuring continuous improvement in product quality and performance. Reducing costs and enhancing performance have always been the company’s core focus and strategic priority in production and operations.

The 250 Nm³/h PEM electrolyzer is a highly efficient, reliable, and environmentally friendly hydrogen production device developed by our company through extensive R&D practice and technological accumulation. It integrates advanced technological achievements—including the high-performance ordered membrane electrode and high-quality 3D flow field for transport—developed independently by Xingran Technology. This device is designed to provide clean energy solutions for large-scale green hydrogen demand in industrial applications and for renewable energy storage. Over the past two years, Xingran Technology has continuously optimized and innovated in areas such as catalysts, membrane electrodes, electrolyzer structural design, assembly techniques, and process systems. These efforts have not only led to significant breakthroughs in reducing technology costs but have also enabled substantial scale-based cost reductions. Currently, the manufacturing cost of the 250 Nm³/h PEM electrolyzer can be 35% to 40% lower than the industry average, with an average selling price of approximately 10,000 yuan per Nm³.

Xingran Technology Completes Nearly 100 Million Yuan in Strategic Financing.

 

Xingran Technology Completes Nearly 100 Million Yuan in Strategic Financing.

 

▌In terms of production, the company’s state-of-the-art, high-standard production workshop—located within the Wujin National High-Tech Industrial Development Zone in Changzhou—has now been put into operation. Covering an area of 26,000 square meters, the workshop is equipped with advanced production equipment and a stringent quality management system. Its flagship product is the 250 standard cubic meter single-cell PEM electrolyzer, which is packaged in modular form using four single cells enclosed in shipping containers as hydrogen-generation units. Each container can produce 1,000 standard cubic meters of hydrogen, and the annual output capacity can reach up to 1 GW. This makes it currently the largest PEM electrolyzer production base in China, fully meeting the market demand for efficient, reliable, and environmentally friendly hydrogen production equipment.

Xingran Technology Completes Nearly 100 Million Yuan in Strategic Financing.

 

Xingran Technology Completes Nearly 100 Million Yuan in Strategic Financing.