近期在公布2025年上半年业绩之时，氢能企业重塑能源（02570.HK）还宣布了一项战略投资：其子公 司广东探索汽车有限公司（"广东探索汽车"）与恩泽（广东）氢能源科技有限公司（"恩泽氢能"）及恩 泽海河（天津）股权投资基金合伙企业（有限合伙）（"恩泽基金"）签订增资协议，以现金的方式向恩 泽氢能增资1亿元。增资完成后，重塑能源将通过子公司获得恩泽氢能30.30%的股权。恩泽基金以及另 一家独立第三方，分别持有恩泽氢能60.60%、9.10%的股权。 恩泽氢能是何来头？在行业现金流普遍紧张的当下，重塑能源为何战略投资这家公司？ 在公告中，重塑能源给出了官方答案：为进一步拓展制氢市场。 根据公开资料，在本轮增资前，恩泽氢能为恩泽基金全资持有，而后者是由中石化资本作为最大的股权 方。与此同时，重塑能源第二大股东亦是中石化资本。 不可否认的是，在今年7月调整股权并更名的恩泽氢能，的确面临着新的挑战——既要消化引进技术实 现国产化，又要全面融入中石化氢能全产业链布局，开拓竞争日益激烈的制氢装备市场。 但借助中石化资本以及恩泽基金的资本和资源整合优势，作为制氢新兵的恩泽氢能已经异军突起。公开 资料显示，目前恩泽氢能已经 ...

Core Viewpoint - Reshape Energy has made a significant investment in the hydrogen production sector by increasing its capital in Enze Hydrogen, aiming to enhance its strategic planning in hydrogen production and expand its market presence [1][8]. Group 1: Investment and Strategic Moves - On August 27, Reshape Energy held a temporary shareholders' meeting to approve a major investment, contributing 100 million yuan to Enze Hydrogen's registered capital [1]. - This investment is part of Reshape Energy's strategy to strengthen its position in the hydrogen production market and complete its full industry chain from hydrogen production to utilization [1][9]. Group 2: Market Potential and Growth - The hydrogen production market is projected to grow significantly, with a compound annual growth rate exceeding 15% in recent years, and is expected to continue this trend over the next decade [2][3]. - In China, the hydrogen demand is forecasted to reach approximately 37.15 million tons by 2030, with the market scale potentially exceeding one trillion yuan, presenting substantial opportunities for companies like Reshape Energy [2]. Group 3: Policy Support and Technological Innovation - Global policies are fostering the hydrogen market, with various countries implementing regulations and incentives to support hydrogen projects, such as the EU's Green Deal and the U.S. Inflation Reduction Act [3]. - Technological advancements in hydrogen production are focusing on diversification, efficiency, and cost reduction, with significant breakthroughs in electrolysis technologies expected to enhance competitiveness in the renewable energy sector [3]. Group 4: Reshape Energy's Position and Capabilities - Since its establishment in 2015, Reshape Energy has become a leading player in the hydrogen technology sector, focusing on research, product development, and commercial promotion [5]. - The company has achieved significant milestones in fuel cell technology, leading the market in hydrogen fuel cell system output power in China for 2023 [6]. Group 5: Collaborative Synergies and Future Outlook - The investment in Enze Hydrogen is expected to create synergies in market channels and technology innovation, allowing both companies to leverage each other's strengths and enhance their market presence [8][9]. - This collaboration aims to address industry challenges and accelerate technological advancements, ultimately contributing to the sustainable development of the global hydrogen industry [9][10].

Core Viewpoint - The strategic investment by Reshaping Energy in Enze Hydrogen aims to expand the hydrogen production market and enhance collaboration within the hydrogen industry, leveraging the resources of Sinopec Capital [2][4][6]. Group 1: Investment Details - Reshaping Energy's subsidiary, Guangdong Exploration Automobile, has signed an agreement to invest 100 million yuan in Enze Hydrogen, acquiring a 30.30% stake [1]. - Enze Hydrogen was previously wholly owned by Enze Fund, which is backed by Sinopec Capital, indicating a strong connection between the two entities [2][3]. Group 2: Industry Context - The hydrogen sector is experiencing cash flow challenges, making strategic investments crucial for growth and market positioning [2]. - Enze Hydrogen, established in December 2021, has gained attention for its significant production capabilities and partnerships, including a major PEM electrolyzer production base in Foshan [3][4]. Group 3: Future Prospects - Enze Hydrogen plans to expand its production capacity from 500 MW to 2 GW by 2026, indicating ambitious growth in the hydrogen production sector [3]. - The collaboration between Reshaping Energy and Enze Hydrogen is expected to enhance their competitive edge in the hydrogen equipment market, particularly in the context of Sinopec's broader hydrogen strategy [4][6]. Group 4: Technological and Market Integration - The partnership aims to integrate technology and resources across the hydrogen value chain, facilitating advancements in hydrogen production, storage, and application [6][7]. - Enze Hydrogen has already secured orders for domestic PEM electrolyzer projects, positioning itself as a key player in the market with expected orders of no less than 1.2 GW from 2025 to 2027 [4].

将投中网设为"星标⭐"，第一时间收获最新推送 恩泽基金对恩泽氢能的成功重组，为业界树立了一个典型范例。 作者丨 簪竹 来源丨 投中网 一笔重磅交易正式落地。 8月27日， 重塑能源（02570.HK）发布 公告显示，PEM制氢装备公司恩泽氢能（曾用名：康明斯 恩泽）已经成功完成1.3亿元融资，投资方重塑能源和涧光股份分别出资1亿元和0.3亿元，各自持有 恩泽氢能30.3%和9.1%的股份。 这也意味着，在康明斯退出后， 恩泽氢能不仅从合资变为纯内资企业，还由中国第一氢能公司中国 石化旗下产业基金控股，同时能通过重塑能源和涧光股份带来的产业资源和协同效应，更好地融入中 国氢能产业生态。 按照恩泽氢能的规划，他们未来主要围绕技术研发突破、规模化扩张和资本运作进行发展，致力于成 为国内领先、国际一流的绿氢装备供应商。 作为这笔重磅交易背后的操盘手，中国石化旗下首只产业基金——恩泽基金，目前持有恩泽氢能 60.6%的股份。 成立至今，恩泽基金仅用了不到5年时间，已在新能源和新材料等领域拥有越来越大的名气，同时在 产业投资之路上越走越远。 毫不夸张地说，恩泽基金对恩泽氢能的成功重组，为业界树立了一个典型范例，不仅彰显了 ...

Core Viewpoint - The "green electricity direct connection" initiative is set to open significant space for the consumption of renewable energy in China, with major projects like the Tarim Oilfield's 1.3 million kW photovoltaic project leading the way [2][3]. Group 1: Project Launch and Impact - The Tarim Oilfield's project will become the first million-kilowatt-level green electricity direct connection project in Northwest China, capable of producing 2.1 billion kWh of green electricity annually for nearby enterprises [3]. - The project is expected to reduce the photovoltaic power station's curtailment rate by 40% and lower the comprehensive energy consumption of connected enterprises by 36.7%, increasing the share of green electricity consumption from zero to 60.4% [3]. Group 2: Policy and Implementation - The National Development and Reform Commission and the National Energy Administration have issued guidelines to promote green electricity direct connection projects, encouraging various entities to invest [2][5]. - Local governments in provinces like Jiangsu, Yunnan, and Qinghai have also released implementation plans for green electricity direct connection, with varying regulations on load, connection lines, and source-load distances [6]. Group 3: Challenges and Considerations - The implementation of green electricity direct connection projects faces challenges such as unclear cost allocation and collection mechanisms, as well as difficulties for small and medium-sized enterprises to meet green electricity demands [2][5]. - The need for energy storage solutions is emphasized to enhance self-consumption ratios and meet regulatory requirements for these projects [5][8]. - There are concerns regarding the sustainability of investments in green electricity projects, particularly regarding the stability and sustainability of user electricity loads [9].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Shanghai REFIRE Group Limited 上海重塑能源集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2570） 2025年第三次臨時股東會 投票表決結果 茲提述上海重塑能源集團股份有限公司（「本公司」）日期均為2025年8月8日的 2025年第三次臨時股東會（「臨時股東會」）通告及通函（「通函」）。除文義另有所指 外，本公告所用詞彙與通函所界定者具有相同涵義。 出席臨時股東會 於最後實際可行日期，中石化資本及其聯繫人（為本公司關連人士及於廣東恩 澤增資協議及其項下擬進行的交易中擁有重大權益）於11,651,900股股份（包括 2,912,975股H股及8,738,925股內資股）（約佔本公司已發行股本總額的13.52%）中 擁有權益，且已於臨時股東會上就批准廣東恩澤增資協議及其項下擬進行的交易 的相關決議案（第3項決議案）迴避表決。因此，出席臨時股東會並就審 ...

格隆汇8月25日丨重塑能源(02570.HK)公告，公司已向联交所上市委员会申请批准根据转换本公司20名 股东持有的16,369,877股内资股("转换")而拟转换的16,369,877股H股("经转换H股")上市及买卖经转换H 股。公司欣然宣布，联交所已于2025年8月25日授出上市批准。 ...

Core Viewpoint - The company has received approval from the Stock Exchange for the listing and trading of H-shares converted from domestic shares held by 20 shareholders, totaling 16.3699 million shares [1] Group 1 - The company has applied to the Stock Exchange's listing committee for approval to convert 16.3699 million domestic shares into H-shares [1] - The Stock Exchange granted the listing approval on August 25, 2025 [1]

重塑能源(02570)发布公告，公司已向联交所上市委员会申请批准根据转换公司20名股东持有的1636.99 万股内资股而拟转换的1636.99万股H股上市及买卖经转换H股。公司欣然宣布，联交所已于2025年8月 25日授出上市批准。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Shanghai REFIRE Group Limited 上海重塑能源集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2570） 內幕消息 聯交所就實施H股全流通 授出上市批准 本公告乃由上海重塑能源集團股份有限公司（「本公司」）根據香港聯合交易所有限 公司（「聯交所」）證券上市規則（「上市規則」）第13.09(2)(a)條及香港法例第571章 證券及期貨條例第XIVA部項下內幕消息條文（定義見上市規則）作出。 茲提述(i)本公司日期為2025年2月28日的公告，內容有關本公司提交中國證監會 備案資料；及(ii)本公司日期為2025年6月8日的公告，內容有關中國證監會發出 關於本公司申請H股全流通的備案通知書（統稱「該等公告」）。除文義另有所指 外，本公告所用詞彙與該等公告所界定者具有相同涵義。 聯交所授出上市批准 股權架構 轉換及上市將涉及16,369,877股內資股的合共 ...