Xian Longi Hydrogen Technology Co. was registered March 31 in China, according to Solarzoom. Longis billionaire founder and president Li Zhenguo is serving as the companys chairman, and the shareholders are Xian Longi Green Energy Venture Capital Management Co. and Shanghai Zhuqueying Private Equity Investment Fund Partnership.
LONGi takes aim at green hydrogen market with new business unit Email
LONGi founder and president Li Zhenguo has been listed as the new entity’s chairman. Image: LONGi Green Energy.
LONGi Green Energy has confirmed the creation of a new business unit centred around the world’s nascent green hydrogen market.
Li Zhenguo, founder and president at LONGi, is listed as chairman at the business unit, dubbed Xi’an LONGi Hydrogen Technology Co, however there has yet to be any confirmation as to what end of the green hydrogen market the business unit will serve.
In a statement issued by the company via WeChat, Yunfei Bai, director of industrial research at LONGi, said that continued cost reductions of generating solar power had presented the opportunity to reduce electrolysis costs in turn. Combining the two technologies can “continuously expand” the scale of green hydrogen production and “accelerate the realisation of carbon reduction and decarbonisation go
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