Hydrogen Technology

What Hydrogen Technology does

Zhejiang Hydrogen Technology (浙江氢途科技有限公司) is a Hangzhou-headquartered, privately held fuel cell systems company founded in July 2016. It designs, manufactures, and sells hydrogen fuel cell power systems for road vehicles, stationary power generation, and material handling, and provides related engineering integration services. Its core technology stack centers on proprietary subsystems — the controller, the reactor (fuel cell stack), and the hydrogen supply and circulation subsystem — claimed to deliver industry-leading power density (up to 850 W/kg on the T240), high efficiency (48-61% depending on system and operating point), long design lifetimes (20,000-40,000 hours), IP67 protection, and -40°C cold-start capability.

The company's product portfolio comprises five named systems: the T240 (240 kW for heavy trucks, mining trucks, marine), T125 (125 kW for short-haul trucks and intercity buses), T80 (80 kW for buses and logistics vehicles), DP500 (500 kW containerized stationary generator expandable to MW-class), and C20 (20 kW forklift power module). It operates a 5,000-unit/year flexible, MES/ERP-driven production base in Jinhua (Wucheng District) that is marketed as a zero-carbon facility powered by fuel cell testing electricity, rooftop PV, and a 1MW energy storage station.

Commercially, Hydrogen Technology sells direct to commercial-vehicle OEMs and to fleet operators, with engineering integration and vehicle admission support as part of the offering. Founded-year OEM partners include Dongfeng, Jinlong, and Zhongtong; deployed cases span more than ten Chinese provinces covering urban heavy trucks, intercity and urban buses, cold-chain logistics, and warehouse forklifts. It has raised approximately 230 million RMB across three disclosed rounds (2020, 2022, 2023) and holds IATF16949 certification, High-tech Enterprise status, and a Zhejiang provincial postdoctoral workstation, with a joint R&D center anchored at Zhejiang University.

Name

Hydrogen Technology

Legal name

浙江氢途科技有限公司

Website

https://hydrot.cn

Company type

Private

Founded year

2016

Operating status

Operating

Short description

Zhejiang Hydrogen Technology (浙江氢途科技有限公司), founded 2016 in Hangzhou, designs and manufactures hydrogen fuel cell systems — the T-series for vehicles, the DP500 for stationary power, and the C20 for forklifts — selling direct to commercial-vehicle OEMs like Dongfeng, Jinlong, and Zhongtong and to fleet operators across China.

Ownership category

akta.pro rank

Product category

Hydrogen Fuel Cell Systems

NAICS

Motor Vehicle Transmission and Power Train Parts Manufacturing (33635), Heavy Duty Truck Manufacturing (336120), Engine, Turbine, and Power Transmission Equipment Manufacturing (33361)

SIC

Motors & Generators (3621), Engines & Turbines (3510)

akta.pro primary industry

Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK)

akta.pro secondary industries

Truck & Commercial Vehicle Powertrain Manufacturing (Diesel/CNG/Hydrogen/Hybrid) (IMACABAJ), Fuel Cell (Hydrogen) Bus Manufacturing (IMACADAF), Fuel Cell Distributed Generation (Hydrogen/Natural Gas SOFC/PEM) (EUACALAK), Hydrogen CHP (Fuel Cell & H2-Ready Turbines) (EUACAKAF), Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)

Keywords

• Hydrogen fuel cells
• Fuel cell systems
• Vehicle electrification
• Stationary power generation
• Fuel cell engineering

Headquarters

HQ city

Hangzhou

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Fuel Cell System Sales: Sale of hydrogen fuel cell systems (T240, T80, T125 for vehicles; DP500 for stationary power; C20 for forklifts) to vehicle OEMs and industrial customers, with product customization services
2. Engineering Services and Customization: Fuel cell system customization development, fuel cell stack custom development, fuel cell test system development, and fuel cell vehicle powertrain integration services including vehicle admission assistance
3. Product Sales and Related Services: Sales of fuel cell systems along with after-sales service and support for road vehicles, forklift trucks, and stationary power generation applications

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Zhejiang Hydrogen Technology researches, develops, manufactures, and sells hydrogen fuel cell systems across three product families: T-series (T240, T125, T80) for commercial vehicles such as heavy trucks, buses, and logistics vehicles; the DP500 (500kW) stationary power generation system expandable to MW-class for factories, harbors, urban, and residential use; and the C20 (20kW) fuel cell power system for forklifts. The company also provides customized fuel cell system development, stack customization, test system development, and powertrain integration engineering services to vehicle OEMs and fleet operators across China.

Product overview

Hydrogen Technology (浙江氢途科技有限公司) offers a portfolio of hydrogen fuel cell products organized in three main categories: (1) Automotive fuel cell systems including the T-series (T240, T80, T125) ranging from 80kW to 240kW for vehicles such as heavy trucks, buses, and logistics vehicles; (2) Stationary power generation systems led by the DP500 (500kW, expandable to MW-class) for factories, harbors, urban, and residential applications; and (3) Forklift power systems featuring the C20 (20kW) for material handling equipment. The products share core hydrogen fuel cell technology with variations in power capacity and form factor to serve different application requirements across transportation and stationary energy sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• T240 Hydrogen Fuel Cell System 240kW hydrogen fuel cell system designed for urban heavy trucks, mining heavy trucks, and marine applications. Features 850 W/kg power density, 61% maximum efficiency, IP67 protection, -40°C cold start capability, and ≥30,000 hour design lifetime.
• T125 Hydrogen Fuel Cell System 125kW hydrogen fuel cell system for short-distance heavy trucks and intercity bus applications, with 787 W/kg power density.
• T80 Hydrogen Fuel Cell System 80kW hydrogen fuel cell system targeting buses and logistics vehicles, with 550 W/kg power density, 60% maximum efficiency, and ≥20,000 hour design lifetime.
• DP500 Stationary Power Generation System 500kW stationary hydrogen power generation system housed in a 20-foot container, expandable to MW-class. Generates 17 kWh per kilogram of hydrogen, with ≥51% power efficiency and ≥40,000 hour system lifetime, targeting factories, harbors, urban distributed power, and residential microgrids.
• C20 Forklift Fuel Cell System 20kW fuel cell power system for forklifts, operating at 48/80 Vdc with 350 bar hydrogen storage pressure and 1.2 kg hydrogen storage mass.
• Fuel Cell Engineering Services and Customization Customized development services including fuel cell system customization, fuel cell stack custom development, fuel cell test system development, and fuel cell vehicle powertrain integration with vehicle admission assistance, sold to vehicle OEMs and industrial customers.

Quantifiable outcome

• 850 W/kg power density (T240 system)
• +10 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered flagship and core.

• Huawei (华为)flagshipStrategic or Co-development Partner · 28 October 2021Strategic cooperation signed at 'Smart Transportation, Shared Future' event alongside Jiaotong (嘉通) and Jia Science (嘉科) for intelligent transportation solutions integrating hydrogen fuel cells with digital technologies.
• Jiatong (嘉通)flagshipStrategic or Co-development Partner · 28 October 2021Strategic cooperation signed with Huawei and Jia Science at 'Smart Transportation, Shared Future' event for intelligent transportation ecosystem development.
• Jiake (嘉科)flagshipStrategic or Co-development Partner · 28 October 2021Strategic cooperation signed with Huawei and Jiatong at 'Smart Transportation, Shared Future' event for smart city and transportation digitalization.
• Shenli Technology (神力科技)coreStrategic or Co-development Partner · 30 July 2021Strategic cooperation agreement signed for joint development of fuel cell technologies and products, combining Hydrogen Technology's system integration capabilities with Shenli Technology's fuel cell stack expertise.
• Zhejiang University (浙江大学)coreStrategic or Co-development Partner · 23 June 2021Established the Zhejiang University-Hydrogen Technology Jinhua Hydrogen and Fuel Cell Joint R&D Center (浙江大学-氢途科技婺城氢能与燃料电池联合研发中心) for collaborative research and development of hydrogen fuel cell technologies, leveraging Zhejiang University's academic resources and Hydrogen Technology's industrial capabilities.
• Dongfeng (东风汽车)coreTechnology or Integration · 1 July 2016Deep cooperation established with Dongfeng Motor Group for fuel cell vehicle integration, with Hydrogen Technology supplying fuel cell systems for Dongfeng hydrogen vehicles.
• Jinlong (金龙汽车)coreTechnology or Integration · 1 July 2016Long-term partnership with Jinlong Automobile for integration of hydrogen fuel cell systems into Jinlong buses and commercial vehicles.
• Zhongtong (中通客车)coreTechnology or Integration · 1 July 2016Partnership with Zhongtong Bus for supplying fuel cell systems for hydrogen-powered buses.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• SinoHytec (Beijing SinoHytec Co., Ltd.): China's largest publicly listed hydrogen fuel cell system supplier, serving commercial vehicle OEMs with stack and system products. Directly comparable to HydroT across vehicle fuel cell systems, target customers, and business model.
• Refire (Shanghai Refire Group): One of China's leading fuel cell system makers focused on commercial vehicles (buses, trucks, logistics vehicles). Direct competitor with overlapping product lines (vehicle fuel cell systems) and similar GTM toward automotive OEMs and fleet operators.
• Sinosynergy (Guohong Hydrogen Energy): Major Chinese fuel cell stack and system manufacturer serving commercial vehicle, stationary power, and tram applications. Comparable product portfolio and customer base to HydroT, with deeper vertical integration into stack production.
• Grove Hydrogen (Sinoscience Hydrogen Energy): Chinese fuel cell stack and system supplier focused on commercial vehicles, particularly heavy-duty trucks and buses. Comparable in product range (vehicle fuel cell systems) and OEM customer orientation.
• Hyzon Motors: US-based hydrogen fuel cell truck developer focused on heavy-duty Class 8 commercial vehicles. Directly comparable in product focus (fuel cell systems for heavy trucks) and target fleet customers, though serving North American and European markets.

Broad incumbents

• Weichai Power: China's largest diesel engine and powertrain manufacturer that has invested heavily in hydrogen fuel cell technology and supplies fuel cell systems for commercial vehicles. Comparable in end-customer base and hydrogen applications, but as part of a much broader industrial portfolio.
• Ballard Power Systems: Global leader in PEM fuel cell technology with deployments across buses, trucks, trains, and stationary power. Comparable core technology (PEM fuel cell stacks/systems) and end-market focus, though operating at much larger scale and with a broader international footprint.
• Cummins / Accelera by Cummins: Global powertrain incumbent with a dedicated hydrogen fuel cell business (Accelera) targeting commercial vehicles, stationary power, and rail. Comparable in product scope and customer base, with substantially greater capital and global reach.
• Toyota Motor Corporation (Hydrogen Division): Long-standing developer of hydrogen fuel cell technology for passenger and commercial vehicles (Mirai, hydrogen buses/trucks). Comparable core technology but operates across a far broader automotive portfolio with deeper R&D resources.
• Plug Power: US-listed hydrogen fuel cell company focused primarily on material handling (forklifts) and stationary power, with expanding mobility offerings. Comparable in forklift (C20 vs. Plug's core) and stationary power (DP500) segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hydrogen Technology