Angel Round Completed, Pilot Production Line Launched – JUNA TECH Embarks on a New Journey!
The increasing frequency of extreme weather events and the growing complexity of geopolitical issues have made hydrogen energy an indispensable pillar in the global energy transition and national energy security.
According to publicly available data, there are now over 2,000 hydrogen-related enterprises in China, with one-third of state-owned enterprises entering the hydrogen sector. Numerous demonstration projects are being launched, and in 2021 alone, publicly disclosed project investments reached ¥310 billion, nearly doubling year-over-year.
The capital market has also shown remarkable enthusiasm for hydrogen energy. In 2021, both the number and value of M&A transactions in the hydrogen sector hit record highs, reaching 49 deals and ¥4.5 billion, respectively. By the first half of 2022, publicly available data indicates that domestic hydrogen project investments had already exceeded ¥100 billion, with hydrogen production projects accounting for nearly 50%, reflecting a strong growth trend.
Electrolyzers, as the core equipment for green hydrogen production, have experienced an explosive increase in market participants, growing from around 10 companies in 2020 to over 100. Within electrolyzers, electrodes function as the "chip," and their catalytic materials and manufacturing processes play a decisive role in the system efficiency of water electrolysis for hydrogen production. In the case of alkaline electrolyzers, electrodes are key components composed of pure nickel mesh or nickel foam coated with highly active Ni-based catalysts. However, due to efficiency limitations and high energy consumption, electrode technology remains a critical bottleneck restricting the development of China's green hydrogen industry.
Electrolyzer stack schematic illustration
The founder of JUNA TECH stated:
"Electrodes are both a material and a process. As energy technology and electrochemistry continue to evolve, the demand for innovation in this field represents an entirely new frontier."
As a next-generation supplier of green hydrogen electrode materials and solutions, JUNA TECH has successfully secured ¥50 million in angel funding led by Legend Star. Meanwhile, its first 100MW-scale alkaline electrode (JA series) pilot production line has been established in Chengdu, Sichuan, with initial deliveries expected by the end of the year.
JA series product image
The founder of JUNA TECH stated:
"Electrodes are both a material and a process. As energy technology and electrochemistry continue to evolve, the demand for innovation in this field represents an entirely new frontier."
As a next-generation supplier of green hydrogen electrode materials and solutions, JUNA TECH has successfully secured ¥50 million in angel funding led by Legend Star. Meanwhile, its first 100MW-scale alkaline electrode (JA series) pilot production line has been established in Chengdu, Sichuan, with initial deliveries expected by the end of the year.