Sinopec launches $690 million hydrogen fund

Sinopec launches 0 million hydrogen fund


China’s largest hydrogen-focused fund will target early-stage technologies and infrastructure development.

Sinopec has launched a 5 billion yuan ($690 million) venture capital fund dedicated to advancing hydrogen energy, marking the country’s largest fund of its kind aimed at accelerating clean energy innovation.

Announced on Thursday, the new fund will invest across the entire hydrogen value chain, with a focus on early-stage startups and the incubation of key technologies. Investment priorities include high-potential materials, core equipment, and proprietary solutions crucial to scaling the hydrogen economy.

The fund is managed by Sinopec Private Equity Fund Management, a subsidiary of Sinopec Capital, and includes external partners such as Shandong New Growth Drivers Fund Management and Yantai Guofeng Investment Holding Group.

The launch reinforces Sinopec’s broader strategy to lead China’s transition to cleaner energy. The company has already invested in 13 hydrogen-related companies and established 11 hydrogen supply centers for fuel cells, along with 144 hydrogen refueling stations nationwide—making it one of the most active players in China’s growing hydrogen infrastructure landscape.



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