Gelonghui, April 24 | Huashang Energy (00206.HK) announced that the relevant group will inject RMB 58.19 million into Huashangxia Hydrogen Energy Technology (Xiamen) Co., Ltd. (“Huashangxia Geng”) in cash. As of the date of this announcement, the company held approximately 42% of Huashangxia Geng's shares. On April 22, 2024, Huashang Xia Geng's “Off-grid High-Performance Alkaline Hydrogen Production Equipment R&D and Industrialization” project won the highest gold medal and 1 million US dollars in the 3rd Tera-Award Smart Energy Innovation Competition.
The “Off-grid High-Performance Alkaline Hydrogen Production Equipment Research and Industrialization” project aims to achieve low-cost, high-safety alkaline hydrogen production, overcome industry pain points and difficulties in practical applications such as gas-liquid separation and supporting power systems, and greatly improve the overall performance and operational stability of alkaline electrolyzed water hydrogen production equipment. Huashang Xia Geng's equipment production line has an annual production capacity of 200 megawatts, with large-scale mass production capacity from core materials to system integration. Currently, Huashang Xia Geng already has third-generation technology reserves. The future goal is to maximize the safety and stability of this product, accelerate the run on the hydrogen energy circuit, and achieve further product upgrades and further expansion of production capacity.