Under a new framework agreement, the Chinese technology firm aims to boost hydrogen output and improve the energy efficiency of its Hydolyser electrolyser platform, while simultaneously reducing overall production costs.

Developed using nanostructured coatings, the electrodes are reportedly designed to double hydrogen output and cut energy consumption by up to 20% compared with conventional technologies.

SunGreen said this is a “critical factor” as electricity accounts for 60-70% of the levelised cost of hydrogen (LCOH) production.

H2 View understands the technology is also free of platinum group metals (PGMs), reducing reliance on critical minerals that are expected to become increasingly scarce and expensive.

Tulika Raj, CEO and co-founder of SunGreen, said the Memorandum of Understanding (MOU) marks the first step toward “scaling the company’s electrode platform technology globally.”

The partnership comes as Chinese electrolyser manufacturers face mounting pressure to cut costs and improve efficiency amid fierce competition.

Speaking during a H2 View webinar, Iceberg Energy’s Yuki Yu said as many as 70% of OEMs are expected to exit the market as consolidation intensifies.

Alkaline prices have fallen 73% according to Yu, which “makes life pretty miserable for OEMs in China.”

As a result, “70% of players will go,” Yu said. “I think there will be space for at least 30 OEMs, but maybe I’m too optimistic,” she added.