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

ChinaShanghai

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

Han Hydropower valuation by funding round
DateStageValuation
May 2024Secondary$958M

Han Hydropower Funding History

Han Hydropower has raised 1 funding round, plus 1 secondary share sale.

Han Hydropower funding rounds

Han Hydropower funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2026Series AHefei Innovation Investment; Luyang Science and Technology Innovation; Hefei Industry Investment Group---
May 2024SecondaryShanghai SK Petroleum (lead)$1M$958MHanhydrogen 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

Investors in Han Hydropower by funding rounds participated
InvestorHQRoundsRoleFirst check
Hefei Innovation InvestmentChinaHefei1ParticipantJul 2026
Luyang Science and Technology InnovationChinaZhengzhou1ParticipantJul 2026

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Han Hydropower Competitors

Han Hydropower competitors include listed companies like SP New Energy and Canadian Solar, and private ones like Fullcryo, Ohmium, Palmetto and Span.

Public and private companies comparable to Han Hydropower
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SP New EnergyPhilippinesPhilippinesPublicly listed$25M($46M)$958M-
FullcryoChinaBeijingPrivate--$966M-
OhmiumUnited StatesLake Tahoe, NVPrivate--$1B-
PalmettoUnited StatesCharleston, SCPrivate--$1B-
SpanUnited StatesSan Francisco, CAPrivate--$1B-
Canadian SolarUnited StatesUnited StatesPublicly listed$5.6B$546M$798M1.5x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SP New Energy$25M($46M)103.1x-(55.4x)-
Forum Energy Technologies$791M$69M1.4x1.3x16.6x10.3x
Greencoat Renewables($45M)($8M)(51.9x)24.4x(278.9x)24.6x
ITM Power$35M($63M)19.7x11.3x(10.9x)(20.2x)
Al-Babtain Power & Telecom$762M$162M1.5x1.4x7.0x6.0x
Nano Nuclear Energy-($39M)-205.2x(8.5x)(6.7x)
Reliance Power$751M$278M3.2x-8.6x-
Henan Yicheng New Energy$527M($30M)3.0x-(53.0x)-

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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.

See companies similar to Han Hydropower

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