HONG KONG, Nov. 20, 2023 /PRNewswire/ — CM Energy, a leading global energy technology company, has announced a significant increase in its shareholding of CM Xiageng Hydrogen Energy Technology (Xiamen) Co., Ltd. (“CM Xiageng”). The capital increase agreement was signed during a ceremony held in Xiamen, further solidifying CM Energy’s presence in the green hydrogen sector.
With this increase in shareholdings, CM Energy aims to leverage the research and development (R&D) capabilities of Tan Kah Kee Innovation Laboratory (“TKK Lab”) and IKKEM Technology and Industry Development (Xiamen) Co., Ltd. (“IKKEM Tech”) to meet the growing demands for green hydrogen. Mr. Zhan Huafeng, the Executive Director and Executive President of CM Energy, expressed his confidence in the synergy between TKK Lab’s R&D capability, CM Energy’s manufacturing capability, and its global marketing network.
The new investment by CM Energy will also strengthen CM Xiageng’s R&D capabilities and enable the company to scale up production in response to market needs. Dr. Gao Xiaoping, an esteemed scientist with over 30 years of experience in hydrogen technology development and application, has been appointed as the Chief Scientist to enhance innovation and research capabilities within the company.
CM Xiageng boasts a strong R&D team led by Dr. Gao Xiaoping. With access to top electrochemical basic research teams and state-of-the-art equipment at Xiamen University and TKK Lab, the international R&D team has developed innovative composite membranes, electrodes, and the groundbreaking 1000Nm3 ALK electrolyzer system. These advancements, including the newly developed electrode and composite membranes, demonstrate promising results with over 300,000 hours of testing data accumulated.
Certified by CNAS, CM Xiageng’s industry-leading ALK hydrogen production system, electrodes, and membranes have positioned the company as one of the few integrated manufacturers capable of developing and producing all key components of the hydrogen production system. Notable achievements include lower energy consumption, shorter cold start time, smaller size, and less weight compared to competitors.
CM Energy’s commitment to green technologies extends beyond hydrogen production. The company is renowned for its high-end and mission-critical equipment, technology, and solutions for the global energy industry. It is listed on the Main Board of the Hong Kong Stock Exchange and has China Merchants Industry Group as its largest shareholder.
Q: What is CM Energy’s main focus?
A: CM Energy specializes in designing, manufacturing, and supplying high-end and mission-critical equipment, technology, services, and solutions to the global energy industry.
Q: What is CM Xiageng’s role in the partnership?
A: CM Xiageng is a joint venture between CM Energy and TKK Lab, focusing on the R&D, manufacturing, and sales of alkaline-based electrolyzers and key materials.
Q: Who is Dr. Gao Xiaoping?
A: Dr. Gao Xiaoping is a highly experienced scientist appointed as the Chief Scientist of CM Energy. He has over 30 years of expertise in hydrogen technology development and application.
Q: What are CM Xiageng’s notable achievements?
A: CM Xiageng’s achievements include industry-leading performance in terms of lower energy consumption, shorter cold start time, smaller size, and less weight compared to competitors in the hydrogen production system sector.
Q: Who is the largest shareholder of CM Energy?
A: China Merchants Industry Group is the largest shareholder of CM Energy.