The hydrogen energy market in China is attracting more and more global attention with its rapid development in recent years. Intelligent Energy Limited (hereafter referred to as “IE”)-a leading European hydrogen energy company from UK- paid a visit to Shanghai Hytekocean Co., Ltd. (hereafter referred to as “Hytekocean”) in Shanghai Lingang on 16^th May 2023. CEO Mr. David Woolhouse, and CCO Mr. Greg Harris of IE had a meeting with the top management team and core technicians of Hytekocean. They conducted in-depth discussions on hydrogen fuel cell technology, industrial application, production processes, and global market promotion, and reached a high degree of consensus.

Mr. Ray Chen, CEO of Hytekocean, introduced the current development status of hydrogen energy industry in China, and led the delegation of IE to visit the production base of Hytekocean in Shanghai Lingang International Hydrogen Energy Valley. The two teams conducted in-depth exchanges on the technology and production process of hydrogen fuel cells.

Mr. David Woolhouse of IE showed great interest to collaborate with Hytekocean to jointly develop the most advanced fuel cell technology and production process, and to jointly supply fuel cell products with high-quality and affordable cost to China market, and to contribute to the rapid development of China's hydrogen energy industry.

Hytekocean invited Mr. Linkun Zou, Chairman and President of Shanghai Lingang Fengxian Economic Development Co., Ltd., to attend and witness the signing ceremony between IE and Hytekocean. Mr. Zou warmly welcomed the visit of the representative of IE, and introduced the planning and prospect of hydrogen energy industry in Lingang New Area, and said that this visit was the beginning of friendly cooperation between the two sides, and the visit of IE laid a solid foundation for an international cooperation. Mr. Zou attached great importance to introduce international advanced hydrogen energy technology to China, and welcomed the IE to locate in Shanghai Lingang to explore the business opportunities in this huge China market.

Mr. Ray Chen, CEO of Hytekocean, and Mr. David Woolhouse, CEO of IE, signed a MEMORANDUM OF UNDERSTANDING on behalf of both sides, which marks the formal strategic partnership between the two sides, and is the beginning of deeper and broader cooperation. The strategic partnership between IE and Hytekocean will we a win-win cooperation in R&D, supply chain, and market development in and out of China.

Company introduction:

IE is based in the UK, with additional operations in the US, Japan, South Korea and China. IE is one of the world’s leading independent fuel cell specialists built on 30 years’ experience in the development and manufacture of zero-emission hydrogen fuel cell power systems, capable of providing power for automotive, aerospace, power generation, telecoms, marine, rail and materials handling applications.

Hytekocean is a leading R&D and production enterprise of hydrogen fuel cells in Shanghai Lingang New Area. Based on 30 years R&D experience of fuel cell technology at Loughborough University in the UK, Hytekocean has independent R&D and manufacturing capabilities of fuel cell core components, and has developed a range of products including hydrogen fuel cell bipolar plates, stacks and fuel cell power systems, applying in various scenarios such as hydrogen vehicles, hydrogen ships, cogeneration of heat and power and hydrogen agricultural machinery. Hytekocean is committed to building a leading hydrogen fuel cell industry base and building an "alliance across the whole industry chain", in order to promote the development of hydrogen industry.