Zhejiang Blue Energy
Specialized gas storage and transportation equipment manufacturing.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Series B | |
| Total Funding | 000k | ||
Zhejiang Blue Energy Hydrogen Technology Co., Ltd., formerly known as Zhejiang Blue Energy Gas Equipment Co., Ltd., was established in 2009. The company specializes in the research, development, manufacturing, sales, service, and system integration of gas storage and transportation equipment. Its product portfolio includes tube bundle containers, long-tube trailers, stationary storage cylinder racks, large-volume seamless steel gas cylinders, steel-lined hoop-wrapped cylinders, and storage cylinder racks for hydrogen refueling stations. The company also delivers complete solutions for CNG and H2 refueling stations.
In 2019, Shenergy Group's subsidiary, Shanghai Shenergy Canchuang Energy Development Co., Ltd., acquired Zhejiang Blue Energy, making it the largest shareholder. This acquisition integrated Zhejiang Blue Energy into Shenergy Group's broader "three vertical and three horizontal" hydrogen energy industry strategy. Following the acquisition, the company shifted its focus from primarily gas equipment to high-end manufacturing in the hydrogen energy sector. On February 14, 2023, the company officially changed its name to Zhejiang Blue Energy Hydrogen Technology Co., Ltd. to reflect this strategic pivot.
The company has demonstrated significant growth, with revenue increasing from 213 million RMB in 2020 to 796 million RMB in 2022. It has a strong market position, with its stationary hydrogen storage cylinders covering over 80% of the domestic market and its carbon fiber-wound hydrogen long-tube trailers holding a market share of over 75%. Zhejiang Blue Energy has completed five funding rounds, attracting investors such as CITIC Special Steel, Gaoling Ventures, SAIC Motor, and China Petrochemical Capital. On December 29, 2023, the company filed for an IPO counseling and registration with the Zhejiang Regulatory Bureau, signaling its intent to go public.
Keywords: hydrogen storage, gas transportation equipment, clean energy, hydrogen refueling stations, carbon fiber cylinders, long-tube trailers, pressure vessels, LNG solutions, CNG solutions, stationary storage, gas system integration, Shenergy Group, high-pressure hydrogen storage, industrial gas, energy equipment manufacturing, IPO candidate, gas storage solutions, hydrogen energy technology, advanced manufacturing, energy infrastructure