LONGi Green Energy Technology Co., a global leader in solar photovoltaic manufacturing, is entering the hydrogen market. The debut of the solar giant into the hydrogen market will certainly disrupt the market dynamics and power-to-cost ratio. Industry publication on solar energy, Solarzoom has reported that a new company, named Xi’an Longi Hydrogen Technology Co. was registered in China on 31 March this year.
The publication further reported that the Chairman of the newly founded company is Chinese billionaire Li Zhenguo, the founder and president of Longi Green. Major shareholders of Longi Hydrogen are Shanghai Zhuqueying Private Equity Investment Fund Partnership and Xi’an Longi Green Energy Venture Capital Management Co. Oil & gas service giant Baker Hughes is planning to mark its presence in alternative energy sources through supporting an investment fund dedicated to developing clean hydrogen infrastructure projects.