2025 H1氢能融资火热：22家企业获投，金额超23.4亿元

Core Viewpoint - The hydrogen energy sector is experiencing a significant investment trend, with a total of 22 companies completing financing in the first half of 2025, reflecting a 23.3% decrease compared to the same period in 2024, despite a 12.6% increase in total funding amounting to at least 2.34 billion yuan [2][3][4]. Group 1: Investment Trends - In H1 2025, 22 hydrogen energy companies completed financing, down from 30 in H1 2024, indicating a contraction in the number of investment events [2]. - The total financing amount in H1 2025 exceeded 2.34 billion yuan, marking a 12.6% increase year-on-year [3]. - Four companies secured over 100 million yuan in financing, including 卡文新能源 (Kawen New Energy), 聚智合众 (Juzhi Hezhong), 海珀特 (Haipote), and 无锡隆基氢能 (Wuxi Longi Hydrogen Energy) [3]. Group 2: Company Financing Details - 卡文新能源 completed a Pre-A round financing in June 2025, raising over 1.2 billion yuan, with major investors including 北京绿色能源基金 (Beijing Green Energy Fund) and 北汽福田 (BAIC Foton) [7]. - 云韬氢能 secured a new round of equity financing in June 2025, aimed at expanding hydrogen refueling stations and enhancing R&D [8]. - 骊能新能源 completed an A round financing in June 2025, focusing on the production line for carbon paper, with plans for trial production in Q2 2026 [9]. - 翌嘉绿氢 raised funds in June 2025 for technology development and market expansion [10]. - 聚智合众 completed 110 million yuan in A round financing in June 2025, with strategic adjustments in its shareholder structure [12]. Group 3: Sector Challenges and Opportunities - The hydrogen energy industry is still in its early incubation stage, with high potential and risks, as companies face challenges in technology transfer, cost control, and large-scale application [4]. - Funding is primarily directed towards collaborations, R&D, production line construction, product application, and market expansion [4].