LONGi Hydrogen Energy Valuation, Funding & Investors

LONGi Hydrogen Energy is valued at $1.4B as of July 2024.

Last LONGi Hydrogen Energy valuation

$1.4B

Series A · Jul 2024

Last LONGi Hydrogen Energy funding round

$138M

Series A · Jul 2024

Cumulative funding LONGi Hydrogen Energy raised

$138M

across 1 funding round

Key investors in LONGi Hydrogen Energy

  • Yonghua Capital
  • GF Xinde Investment Management
  • Hidden Hill Capital
  • Rosefinch Investment
  • Shaanxi Capital Fund
  • Xuqiangrui Clean Energy

LONGi Hydrogen Energy Overview

About LONGi Hydrogen Energy

LONGi Hydrogen Energy, part of the LONGi Green Energy Technology group, is a China-headquartered provider of large-scale green hydrogen production equipment and comprehensive solutions for energy transition projects.


Founded

2000

HQ

ChinaXi'an

Website

longi.com

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Services

Valuation

$1.4B (Jul 2024)

LONGi Hydrogen Energy Valuation

LONGi Hydrogen Energy is currently valued at $1.4B, based on its Series A in July 2024.

The $138M round included Xuqiangrui Clean Energy, Hidden Hill Capital, Shaanxi Capital Fund, Rosefinch Investment, Yonghua Capital and 1 other investor.

LONGi Hydrogen Energy valuation by funding round

LONGi Hydrogen Energy valuation by funding round
DateStageValuation
Jul 2024Series A$1.4B

LONGi Hydrogen Energy Funding History

LONGi Hydrogen Energy has raised a total of $138M across 1 funding round.

LONGi Hydrogen Energy funding rounds

LONGi Hydrogen Energy funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2024Series AXuqiangrui Clean Energy; Hidden Hill Capital; Shaanxi Capital Fund; Rosefinch Investment; Yonghua Capital; GF Xinde Investment Management$138M$1.4BLONGi Hydrogen Energy, a subsidiary of LONGi Green Energy Technology focused on green hydrogen production via water electrolysis equipment, secured funding from investors including Rosefinch Investment, GF Xinde Investment Management, Hidden Hill Capital, Shaanxi Capital Fund, Xuqiangrui Clean Energy, and Yonghua Capital. The round occurred around June 2024, with a reported pre-investment valuation of nearly RMB10 billion (approximately $1.38 billion), though the exact amount raised was not disclosed in sources; a separate source mentioned $137.9 million raised for expansion and R&D in hydrogen technologies. The company specializes in alkaline electrolyzers (ALK), positioning itself as the world's largest ALK electrolyzer manufacturer, with products like the ALK G Series launched in September 2023, featuring large-scale units up to 3,000 Nm³/h capacity, low power consumption of 4.3-4.5 kWh/Nm³, and high hydrogen purity of 99.999%. A pilot project at a Qinhuangdao steel plant integrates two such electrolyzers into blast furnace operations, using renewable energy and tail gas to produce green hydrogen, achieving 8-11% CO₂ emission reductions and demonstrating CapEx and footprint savings of 10% and 20% versus smaller units. LONGi Hydrogen has over 500 MW of global project experience and is advancing international partnerships, including a December 2024 investment agreement with HydrogenPro ASA alongside ANDRITZ and Mitsubishi Heavy Industries for NOK 140 million to develop green hydrogen projects worldwide. This supports synergies in engineering, supply chain, and customer service. Parent LONGi Green Energy reported CNY 82.582 billion revenue in 2024 across solar and hydrogen segments but swung to a loss due to industry imbalances; no specific revenue, ARR, or EBITDA figures for LONGi Hydrogen near the round date.

Who has invested in LONGi Hydrogen Energy?

6 investors have backed LONGi Hydrogen Energy across its funding rounds, including Yonghua Capital, GF Xinde Investment Management, Hidden Hill Capital, Rosefinch Investment, Shaanxi Capital Fund and Xuqiangrui Clean Energy.


LONGi Hydrogen Energy Investors

Investors in LONGi Hydrogen Energy by funding rounds participated
InvestorHQRoundsRoleFirst check
Xuqiangrui Clean EnergyChinaHuizhou1ParticipantJul 2024
Hidden Hill CapitalChinaShanghai1ParticipantJul 2024
Shaanxi Capital FundChinaChina1ParticipantJul 2024
Rosefinch InvestmentChinaShanghai1ParticipantJul 2024

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LONGi Hydrogen Energy Competitors

LONGi Hydrogen Energy competitors include listed companies like CropEnergies, Premier Energy, REX American Resources and Romande Energie, and private ones like Yuze Semiconductor and Arcadia.

Public and private companies comparable to LONGi Hydrogen Energy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Yuze SemiconductorChinaKunmingPrivate--$1.4B-
CropEnergiesGermanyGermanyPublicly listed$5M($41M)$1.4B1.1x
Premier EnergyCyprusCyprusPublicly listed$2B$193M$1.5B0.9x
REX American ResourcesUnited StatesUnited StatesPublicly listed$650M$97M$1.4B1.8x
Romande EnergieSwitzerlandSwitzerlandPublicly listed$960M$231M$1.5B1.9x
ArcadiaUnited StatesDenver, COPrivate--$1.5B-

LONGi Hydrogen Energy Public Comps

LONGi Hydrogen Energy is still privately-owned, but its public comps include CropEnergies, Premier Energy, REX American Resources, Romande Energie, Econergy, Birlesim Grup Enerji, Minera Valparaiso, CS Wind, Tamboran Resources and Inox Wind.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CropEnergies$5M($41M)270.8x1.1x(35.0x)12.2x
Premier Energy$2B$193M0.9x0.9x9.2x9.2x
REX American Resources$650M$97M1.8x1.8x11.9x-
Romande Energie$960M$231M1.9x1.9x7.9x9.4x
Econergy$11M($64M)205.8x-(34.8x)-
Birlesim Grup Enerji$31M$15M50.6x-103.3x-
Minera Valparaiso$1.6B$630M3.2x-8.1x-
CS Wind$2.1B$205M1.0x1.1x10.6x6.7x

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Common questions about LONGi Hydrogen Energy

When was LONGi Hydrogen Energy founded?LONGi Hydrogen Energy was founded in 2000.
Where is LONGi Hydrogen Energy headquartered?LONGi Hydrogen Energy is headquartered in Xi'an, China.
Is LONGi Hydrogen Energy publicly listed?No, LONGi Hydrogen Energy is a private, VC-backed company.
What is LONGi Hydrogen Energy's valuation?LONGi Hydrogen Energy was last valued at $1.4B in its Series A in July 2024.
How much funding has LONGi Hydrogen Energy raised?LONGi Hydrogen Energy has raised $138M across 1 funding round.
What was LONGi Hydrogen Energy's last funding round?LONGi Hydrogen Energy's last funding round was a $138M Series A in July 2024.
Who are LONGi Hydrogen Energy's investors?LONGi Hydrogen Energy's investors include Xuqiangrui Clean Energy, Hidden Hill Capital, Shaanxi Capital Fund, Rosefinch Investment, Yonghua Capital and GF Xinde Investment Management.
Which companies are comparable to LONGi Hydrogen Energy?Companies comparable to LONGi Hydrogen Energy include Yuze Semiconductor, CropEnergies, Premier Energy, REX American Resources, Romande Energie and Arcadia.

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