Recently, Sinopec Capital Co., Ltd. has made strategic investment in Shanghai SUNWISE Energy System Co., Ltd. (hereinafter referred to as "Shanghai SUNWISE"), with the Capital Increase Agreement signed. The transaction shows that Sinopec Capital is building its presence in the field of hydrogen equipment.
Established in August 2004, Shanghai SUNWISE is a leading hydrogen energy total solution provider in China. Its core team has great strength in scientific research, and has led or participated in up to 30 projects organized by the Ministry of Science and Technology, the National Development and Reform Commission, and Science and Technology Commission of Shanghai Municipality. It has also led or participated in the compilation of 17 hydrogen energy standards, including 11 national standards. Shanghai SUNWISE has formed a comprehensive and complete technological system in the application of hydrogen energy technology through independent research and development, and has been awarded the title of “Specialized, Refined, Differentiated and Innovative Little Giant” by Ministry of Industry and Information Technology. A number of its core technologies such as "Key Technology of FCV Hydrogen Refueling" and "Key Technology of High-Pressure Hydrogen Supply System" have been highly recognized in the industry.
The transaction will facilitate more extensive and close cooperation among Sinopec Capital, Shanghai SUNWISE and its existing shareholder, State Power Investment Corporation, in the fields of hydrogen refueling, hydrogen supply, and comprehensive utilization of hydrogen energy, and help Sinopec Group achieve its goal of becoming China's leading hydrogen company.