Core Viewpoint - Shanghai Kaan Chuangneng Technology Co., Ltd. has completed a multi-million yuan Pre-A+ round of financing to develop hydrogen liquefaction systems and expand its workforce [2][10] Company Overview - Kaan Chuangneng, established in 2020, focuses on hydrogen liquefaction and ultra-low temperature systems, pioneering flexible hydrogen liquefaction technology [2][3] - The founder and CEO, Jiang Wei, has over 20 years of experience in energy and engineering design, having worked on major projects like the West-East Gas Pipeline [2][12] Technology and Product Development - The company has developed ultra-low temperature technology covering flexible hydrogen liquefaction systems, liquid hydrogen application systems, and ultra-low temperature application systems [3][9] - Kaan Chuangneng's flexible hydrogen liquefaction equipment has a production capacity of 0.1-1 ton per day, with a current model producing 500 kg per day [7][11] - The equipment boasts over 90% localization rate, indicating significant progress in domestic technology independence [7][10] Market Demand and Application - The demand for liquid hydrogen is increasing due to its efficiency in large-scale, long-distance, and low-cost transportation, especially in the context of China's hydrogen production and consumption mismatch [5][9] - The company is targeting three main sectors: hydrogen energy, aerospace, and superconductivity, with hydrogen energy being the primary revenue source [8][9] Investment and Future Prospects - Kaan Chuangneng has raised nearly 100 million yuan in total funding and is seeking new investments to match its expansion needs [10] - The company aims to reduce the overall cost of the hydrogen energy supply chain through its flexible hydrogen liquefaction equipment, facilitating the large-scale application of green hydrogen [10][12]