Hydrogen investment fund Hy24 has signed a strategic agreement with Chinese company Refire to scale up the production and distribution of green hydrogen and develop hydrogen mobility solutions. The partnership also aims to strengthen industrial cooperation between China and Europe.

A crisis in the hydrogen sector? Not for everyone. By the end of Q1, Refire reported having over 7,000 trucks, buses and heavy-duty vehicles on the road in China powered by its fuel cell technology, with a combined mileage exceeding 300 million kilometres. Headquartered in Shanghai, Refire provides engineering services and components for hydrogen production (using PEM and alkaline electrolysers), as well as fuel cell systems for mobility applications.

The goal of the agreement is to advance low-carbon mobility, with hydrogen expected to play a key role alongside electricity in decarbonising the transport sector.

Initial deployments will focus on Europe, with a broader ambition to expand into global markets. The two partners also plan to sign more structured agreements to support joint development projects in the near future.

“European and Chinese players have strong synergies to explore and leverage, and we are convinced of their relevance in accelerating the decarbonisation of mobility,” said Pierre-Etienne Franc, CEO of Hy24.

Robin Lin Qi, CEO of Refire, added: “We share the same vision: to bring together a critical mass of industry leaders and enable a step change in global decarbonisation solutions, particularly for heavy-duty transport.”

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