China’s Platinum Hydrogen Tech Secures Multi-Million Yuan Pre-A Round, Achieves 50% Higher Stability in Precious Metal Catalysts for Green Hydrogen Production

July 19, 2026

36Kr China

Overview

China’s Platinum Hydrogen Technology has closed a multi-million yuan Pre-A round financing, fueled by a breakthrough in precious metal catalysts for PEM water electrolysis. Their catalysts demonstrate 40-50% improved stability compared to traditional platinum-carbon counterparts, alongside development of oxygen-rich nano-iridium oxide catalysts. The company reported 28 million yuan in revenue for H1 2026, projecting over 40 million yuan annually, signaling strong commercial traction for their enhanced catalyst technology.

In Depth

Key Findings

Platinum Hydrogen Technology, an innovative catalyst technology company based in China, has successfully completed a Pre-A round of financing, securing tens of millions of yuan. The company has achieved a significant breakthrough by developing precious metal catalysts that demonstrate a remarkable 40% to 50% improvement in stability compared to conventional platinum-carbon catalysts for hydrogen production via PEM (Proton Exchange Membrane) water electrolysis.

Technical Details

The new precious metal catalysts developed by Platinum Hydrogen Technology are designed to significantly enhance the efficiency and lifespan of hydrogen production processes through their superior stability. PEM water electrolysis is a promising technology for clean green hydrogen production, but its performance heavily relies on expensive catalyst materials and their durability. The company’s catalysts are expected to extend the operational life compared to conventional alternatives, contributing to reduced maintenance costs. Furthermore, Platinum Hydrogen Technology is also developing oxygen-rich nano-iridium oxide catalysts specifically for the oxygen evolution reaction (OER), aiming to improve the overall efficiency of electrolyzers. The company reported revenues of 28 million yuan (approximately $4 million USD) in the first half of 2026, with annual revenues projected to exceed 40 million yuan (approximately $5.6 million USD), indicating strong progress in the commercialization of their technology.

Background and Industry Context

As global demand for green hydrogen escalates, reducing production costs and improving efficiency are key to realizing the hydrogen economy. Catalysts are at the heart of the water electrolysis process, and their performance directly impacts the overall economics of the system. Traditional PEM electrolyzers utilize expensive Platinum Group Metal (PGM) catalysts, which have been a significant driver of installation costs. Platinum Hydrogen Technology’s innovations aim to address these cost challenges by improving catalyst stability and efficiency, thereby enhancing the competitiveness of green hydrogen.

Strategic Significance and Outlook

This latest funding round provides a crucial foundation for Platinum Hydrogen Technology to accelerate its research and development efforts and expand its production capacity. The company’s catalyst technology holds the potential to reduce the cost and improve the performance of PEM electrolyzers, facilitating broader commercial adoption of green hydrogen. China, being one of the largest electrolyzer markets globally, positions the company’s technology to make a substantial contribution to both domestic and international hydrogen industry development. In the long term, more durable and cost-efficient catalysts are poised to become a breakthrough for green hydrogen production.

Source: https://eu.36kr.com/en/p/3899040301876868

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