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- Han Hydropower
Han Hydropower Valuation, Funding & Investors
Han Hydropower is valued at $958M as of May 2024.
Last Han Hydropower valuation
$958M
Secondary · May 2024
Last Han Hydropower funding round
Series A
Amount undisclosed · Jul 2026
Key investors in Han Hydropower
Hefei Industry Investment Group
Hefei Innovation Investment
Luyang Science and Technology Innovation
Shanghai SK Petroleum
Han Hydropower Overview
About Han Hydropower
Han Hydropower is a Shanghai-based engineering firm focused on hydroelectric turbine systems and hydrogen energy integration. Established in 2005, the company develops axial-flow and bulb turbines for low-head rivers, with installations generating over 500 MW across China and Southeast Asia. Han Hydropower researches hybrid power plants combining hydro with fuel cells for off-grid applications.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$958M (May 2024)
Han Hydropower Valuation
Han Hydropower is currently valued at $958M, based on its secondary sale in May 2024.
The $1M round was led by Shanghai SK Petroleum.
Han Hydropower valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2024 | Secondary | $958M |
Han Hydropower Funding History
Han Hydropower has raised 1 funding round, plus 1 secondary share sale.
Han Hydropower funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2026 | Series A | Hefei Innovation Investment; Luyang Science and Technology Innovation; Hefei Industry Investment Group | - | - | - |
| May 2024 | Secondary | Shanghai SK Petroleum (lead) | $1M | $958M | Hanhydrogen Power (Zhuhai) Technology Co., Ltd. operates in hydrogen energy and commercial aerospace sectors. Shanghai Shenkai Energy Technology Co., Ltd., a wholly-owned subsidiary of Shanghai SK Petroleum & Chemical Equipment Co., Ltd., invested 9.46 million yuan to acquire 3.7847% equity from Shanghai Haojun Venture Capital Partnership, implying a full company valuation of approximately 250 million CNY. This transaction marks Shenkai's entry into the hydrogen energy industry as part of its new energy strategy. The investment provides Shenkai with exposure to Hanhydrogen Power's development potential in hydrogen energy, low-altitude economy, and commercial aerospace. Shenkai plans to support the target company through collaborative R&D, process optimization, and channel expansion to accelerate growth in China's hydrogen energy and commercial aerospace sectors. |
Who has invested in Han Hydropower?
4 investors have backed Han Hydropower across its funding rounds, including Hefei Industry Investment Group, Hefei Innovation Investment, Luyang Science and Technology Innovation and Shanghai SK Petroleum.
Lead investors include Shanghai SK Petroleum.
Han Hydropower Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Jul 2026 | ||
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Start Free TrialHan Hydropower Competitors
Han Hydropower competitors include listed companies like SP New Energy and Canadian Solar, and private ones like Fullcryo, Ohmium, Palmetto and Span.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $25M | ($46M) | $958M | - | ||
| Private | - | - | $966M | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $5.6B | $546M | $798M | 1.5x |
Han Hydropower Public Comps
Han Hydropower is still privately-owned, but its public comps include SP New Energy, Forum Energy Technologies, Greencoat Renewables, ITM Power, Al-Babtain Power & Telecom, Nano Nuclear Energy, Reliance Power, Henan Yicheng New Energy, Waaree RTL and Power Solutions International.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $25M | ($46M) | 103.1x | - | (55.4x) | - | |||
| $791M | $69M | 1.4x | 1.3x | 16.6x | 10.3x | |||
| ($45M) | ($8M) | (51.9x) | 24.4x | (278.9x) | 24.6x | |||
| $35M | ($63M) | 19.7x | 11.3x | (10.9x) | (20.2x) | |||
| $762M | $162M | 1.5x | 1.4x | 7.0x | 6.0x | |||
| - | ($39M) | - | 205.2x | (8.5x) | (6.7x) | |||
| $751M | $278M | 3.2x | - | 8.6x | - | |||
| $527M | ($30M) | 3.0x | - | (53.0x) | - | |||
This data is available for Pro users. Sign up to see all Han Hydropower competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Han Hydropower
| When was Han Hydropower founded? | Han Hydropower was founded in 2016. |
| Where is Han Hydropower headquartered? | Han Hydropower is headquartered in Shanghai, China. |
| Is Han Hydropower publicly listed? | No, Han Hydropower is a private, VC-backed company. |
| What is Han Hydropower's valuation? | Han Hydropower was last valued at $958M in its secondary sale in May 2024. |
| What was Han Hydropower's last funding round? | Han Hydropower's last funding round was a Series A in July 2026. |
| Who are Han Hydropower's investors? | Han Hydropower's investors include Hefei Innovation Investment, Luyang Science and Technology Innovation, Hefei Industry Investment Group and Shanghai SK Petroleum. |
| Which companies are comparable to Han Hydropower? | Companies comparable to Han Hydropower include SP New Energy, Fullcryo, Ohmium, Palmetto, Span and Canadian Solar. |
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