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CM Energy increases stake in electrolyser company

Published by , Editorial Assistant
Global Hydrogen Review,

A signing ceremony of capital increase agreement was successfully held in Xiamen, China, among CM Energy, and Tan Kah Kee Innovation Laboratory (TKK Lab) / IKKEM Technology and Industry Development Co., Ltd.(IKKEM Tech) and CM Xiageng Hydrogen Energy Technology Co., Ltd. (CM Xiageng). The parties have agreed to further increase CM Energy's shareholding of CM Xiageng.

"By increasing our shareholdings in CM Xiageng, we will be able to fully leverage the synergies among the R&D capability of TKK Lab, our manufacturing capability and our global marketing network to response to our customer's tremendous growing needs in the green hydrogen sector," said Mr. Zhan Huafeng, the Executive Director and Executive President of CM Energy. Mr. Zheng Nanfeng, Director of TKK Lab and Professor of the School of Chemistry and Chemical Engineering of Xiamen University, and Dr. Gao Xiaoping, the Chairman and General Manager of CM Xiageng and TKK Lab Technical Director, are also pleased with the additional investment made by CM Energy and believe that the new investment will strengthen its R&D capabilities and help the company to scale up the production to meet the market needs.

As the technology progress in the hydrogen industry is constantly changing and the hydrogen energy industry becomes more and more competitive, a strong R&D team is the key to gain and maintain the competitive advantage. Project leader, Dr. Gao Xiaoping, has more than 30 years of experience in hydrogen technology development and application. With support and access to the world's top electrochemical basic research team and the surface interface study equipment of Xiamen University and TKK Lab, the international R&D team headed by Dr. Gao has developed the innovative composite membranes, the electodes and the 1000 Nm3 ALK electrolyser system. The new electrode and composite membranes has accumulated more than 300 000 hours of testing data, and it is expected that the 2 m wide new composite membranes will be trial-produced next year.

Based on its solid R&D foundation and depth, CM Xiageng has developed its innovative ALK hydrogen production system, electrodes, membranes and other key components for off grid hydrogen production, which made it one of the few integrated manufacturers in the industry who can develop and produce all key components of the hydrogen production system.


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