What Hepu Energy Group does

Hepu Energy Environment Technology Co., Ltd. (赫普能源环境科技股份有限公司, "Hepu Energy Group") is a Beijing-based privately-held energy technology company founded in July 2016 that operates as project developer, technology provider, and asset operator for thermal power plant flexibility transformation in China. The company targets coal-fired power plant operators, grid operators, and large industrial users, deploying directly-invested flexibility, storage, and renewable projects through 17 wholly-owned, controlling, and minority subsidiaries across 10+ provinces including Inner Mongolia, Heilongjiang, Liaoning, Jilin, Hebei, Jiangsu, Guangdong, Beijing, and Gansu. Since 2016, the company has built 1.82 million kW of cumulative flexibility transformation capacity across seven thermal power projects and 1,580 MW of energy storage peak-shaving capacity across six projects in Northeast and North China, plus user-side storage assets at steel mills in Lianyungang and a 100MW wind-plus-storage demonstration project in Jiayin, Heilongjiang.

The company's technology portfolio spans seven major domains: electric boiler coupling flexibility transformation (solid and electrode boiler systems, including 99.8%-efficiency imported Arpani electrode boiler units with AGC tracking), steam extraction molten salt energy storage (the flagship "抽汽蓄能" technology certified as "international leading level" by the Chinese Society of Electrical Engineering at the Longshan Power Plant 600MW project), hydrogen production coupling (alkaline, solid polymer, and solid oxide electrolyzers integrating with thermal plant flexibility), oxygen-enriched combustion coordinated control (reducing minimum load from 40% to 15%), coal-electricity integration with coal quality upgrading and oxy-fuel combustion, biomass coupling for power generation and hydrogen, and carbon emission reduction systems using CO-steam reactions to produce hydrogen for boiler co-firing. The company holds 240+ patents and operates an academician expert workstation with CAS academician Jin Hongguang. International technology partnerships include Koerting Hannover GmbH (steam matchers), Carbon Recycling International (CO2-to-methanol), and Fraunhofer IKTS (SOEC/SOFC, ceramic membranes).

Hepu's business model is asset-heavy project investment and operation rather than pure technology licensing. The company directly funds the build-out of flexibility and storage systems at thermal power plants, retains long-term operational control through project subsidiaries, and earns revenue from grid ancillary service fees (peak-shaving and frequency regulation clearing prices in North China and Hebei Southern Grid markets), heat supply fees, peak-valley arbitrage on user-side storage, virtual power plant dispatch aggregation fees, and project development fees for new coal-electricity integration demonstration projects. The company was designated a National Specialized, Refined, and Novel "Small Giant" Enterprise by MIIT in 2021 and has held a stock-company structure with IPO preparation underway since December 2019.

Name

Hepu Energy Group

Legal name

赫普能源环境科技股份有限公司 (Hepu Energy Environment Technology Co., Ltd.)

Website

https://hepuenergy.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Hepu Energy is a Beijing-based energy technology company specializing in thermal power plant flexibility transformation, molten salt energy storage, and virtual power plant services, operating 1.82 GW of flexibility capacity across China.

Ownership category

akta.pro rank

Product category

Power Plant Flexibility & Energy Storage Services

NAICS

Power Boiler and Heat Exchanger Manufacturing (33241), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Thermal Power Plant Modernization & Life Extension (Boiler/Turbine/Generator) (EUAEALAA)

akta.pro secondary industries

Industrial Boilers, HRSGs & Steam Generators (IMAHAFAF), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Renewable Manufacturing Materials & Subcomponents (Glass, EVA/Backsheet, Composites, Magnets) (EUAMAHAL), Cooling, Water/Steam Cycle & Balance-of-Plant Retrofits (Condensers, Cooling Towers) (EUAEALAK)

Keywords

• Thermal power flexibility transformation
• Energy storage services
• Peak shaving and frequency regulation
• Molten salt storage
• Virtual power plant aggregation

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy storage project investment and operation: Hepu directly invests in and operates thermal power plant flexibility transformation and energy storage projects. The company builds, owns, and operates electric boiler and molten salt storage systems at power plants, earning revenue from grid peak-shaving auxiliary service fees and heat supply fees. Subsidiaries in Inner Mongolia, Heilongjiang, Liaoning, and other provinces operate these assets.
2. User-side energy storage project development: Developing user-side energy storage projects for industrial customers (steel mills) in locations like Lianyungang. Projects serve as demand response assets, earning revenue through peak-valley arbitrage and demand response payments.
3. Virtual power plant and distributed energy services: As a load aggregator participating in grid peak-shaving auxiliary service markets in North China Power Grid and Hebei Southern Grid. Earns peak-shaving service fees based on dispatched load reduction and energy curtailed.
4. Coal-electricity integration project development: Developing large-scale coal-electricity integration demonstration projects such as the 100万吨-class project at Jingmei Group Baiyin Thermal Power, earning revenue through project development fees and technology licensing.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Hepu Energy Group directly invests in, builds, and operates thermal power plant flexibility transformation projects and energy storage systems across China. The company's primary products are electric boiler coupling systems, steam-extraction molten salt energy storage installations, hydrogen-production-coupled peak-shaving systems, and oxygen-enriched combustion retrofits deployed at coal-fired power plants to enable deep peak-shaving and frequency regulation. It also operates user-side energy storage at industrial sites and acts as a load aggregator in grid ancillary service markets.

Product overview

Hepu Energy Group operates as an integrated energy technology company offering a comprehensive portfolio of power plant flexibility transformation and energy storage solutions. The core offerings include power plant flexibility transformation projects with 1.82 million kilowatts capacity, energy storage projects with both molten salt and electrochemical systems, coal-electricity integration projects, and virtual power plant services. The technology portfolio encompasses seven major innovation areas: electric boiler coupling, extraction steam molten salt energy storage, hydrogen production coupling, oxygen-enriched combustion control, coal-electricity integration, biomass coupling, and carbon emission reduction technologies. The company serves as a load aggregator in North China and Hebei power grids, and develops distributed solar projects. The flagship '抽汽蓄能' (extraction steam energy storage) technology has achieved internationally leading certification from the Chinese Society of Electrical Engineering.

Differentiator

Problem solved

Functional benefit

Brands

• 抽汽蓄能: 抽汽熔盐储能灵活性改造技术 - A technology solution for thermal power plant flexibility transformation using steam extraction and molten salt energy storage.

Products and services

• Thermal Power Plant Flexibility Transformation Projects (火电厂灵活性改造) Turnkey engineering, procurement, construction, and operation of flexibility transformation systems at coal-fired thermal power plants, including electric boiler coupling and molten salt storage retrofits. Enables deep peak-shaving, frequency regulation, and heat-power decoupling. Deployed across seven projects with combined capacity of 1.82 million kW.
• Energy Storage Projects (储能项目) Grid-side and user-side energy storage installations including molten salt thermal storage, electrochemical storage, and ancillary service frequency regulation. Includes 26MW/13MWh storage at Guangdong Yangxi Power Plant and user-side storage projects at steel mills in Lianyungang for peak-valley arbitrage and demand response.
• Virtual Power Plant & Distributed Energy Services (虚拟电厂及分布式能源) Load aggregation and virtual power plant participation in grid ancillary service markets in North China and Hebei Southern grids. Includes distributed rooftop solar PV projects. Achieved 5.03 million kWh cumulative peak-shaving electricity in 2020 and connected 89,000 kW controllable user-side load by 2021.
• Coal-Electricity Integration Projects (火电厂煤化电一体化项目) Integration of oxy-fuel combustion transformation and coal grading utilization for thermal power plants. Improves deep peak-shaving capability while enabling clean coal utilization. Includes 100-ton-class demonstration project pre-feasibility study at Gansu Jingmei Group Baiyin Thermal Power (2×350MW unit).
• Jiayin 100MW Wind Power Integrated Demonstration Project (嘉荫100MW风电源网荷储一体化示范项目) Integrated wind power generation and energy storage demonstration project in Jiayin County, Yichun. Includes 15 wind turbine units, a 110kV booster station, and a 12.5MW/25MWh electrochemical energy storage system. Expected annual generation of 295 million kWh, equivalent to approximately 90,000 tonnes of coal savings and 170,000 tonnes of CO2 emission reduction annually.
• Distributed Rooftop Solar PV Projects (分布式屋顶光伏) Distributed rooftop solar PV projects developed and operated on customer rooftops, including a 5.54MWp project at Shanghai Electric Guoxuan (Nantong) using the 'self-use surplus grid' model and a 900kWp project at Beijing Fengchuang Technology Park. Expected first-year generation of 5.3427 million kWh for the Nantong project.

Quantifiable outcome

• 1.82 million kW of thermal plant flexibility transformation capacity deployed across 7 projects, enabling deep peak-shaving and renewable energy integration
• +5 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered exploratory, core, minor and major.

• Fraunhofer Institute for Ceramic Technologies and Systems IKTSexploratoryTechnology or Integration · 11 August 2025Hepu's team visited Fraunhofer IKTS in Dresden, Germany. The institute's所长 Prof. Michaelis and team engaged in in-depth exchanges with Hepu on solid oxide electrolyzer (SOEC) and solid oxide fuel cell (SOFC) technology principles and cooperation models. Both parties expressed expectations for future collaboration. Hepu also visited IKTS's ceramic membrane technology lab in Hermsdorf to discuss ceramic membrane applications in water treatment and gas separation.
• Carbon Recycling International (CRI)exploratoryTechnology or Integration · 10 August 2025Hepu Energy's management team visited CRI's headquarters in Reykjavik, Iceland. CRI is the sole technology provider for CO₂-to-methanol technology and is internationally renowned. Hepu and CRI exchanged views on technology routes and explored specific implementation plans for CRI's carbon recycling technology in China.
• Koerting Hannover GmbH (科尔庭汉诺威股份公司)coreTechnology or Integration · 8 August 2025Hepu and Koerting Hannover established an exclusive cooperation arrangement for applying Koerting's high-pressure steam matchers (蒸汽匹配器) in thermal power plant molten salt energy storage systems and industrial steam supply systems in China. Koerting's steam matchers are used in the Longshan Power Plant '抽汽蓄能' project. Both parties also discussed applying the technology in supercritical thermal power units and exploring new cooperation areas including exhaust steam refrigeration and geothermal utilization.
• State Grid Yichun Power Supply Company (国网伊春供电公司)minorStrategic or Co-development Partner · 9 July 2025Hepu's Jiayin 100MW wind project successfully connected to the grid on May 30, 2025 with decisive support from State Grid Yichun Power Supply Company. The grid company provided critical support in transmission line debugging, construction coordination, and grid connection guarantee, ensuring the project was completed before the peak wind power season. Hepu presented a thank-you banner to the power supply company.
• Xizi Clean Energy Co., Ltd. (西子洁能)coreStrategic or Co-development Partner · 30 March 2025Xizi Clean Energy and Hepu jointly developed the '抽汽蓄能' demonstration project at Longshan Power Plant. On March 30, 2025, both companies' chairmen visited the project site to review progress and discuss future collaboration blueprints. Xizi Clean Energy is a major clean energy equipment manufacturer listed on the Shenzhen Stock Exchange.
• Guo Wang Liaoning Comprehensive Energy Service Co., Ltd. (国网辽宁综合能源服务有限公司)majorStrategic or Co-development Partner · 17 May 2019Hepu Energy (沈阳) Co., Ltd. signed a strategic cooperation agreement with State Grid Liaoning Comprehensive Energy Service Co., Ltd. (a wholly-owned subsidiary of State Grid Liaoning Electric Power Co., Ltd.) for cooperation in electric energy storage peak-shaving, distributed energy, electricity purchase and sale business, and comprehensive energy services. Both parties committed to jointly promote energy storage peak-shaving project investment, construction, and operations across Liaoning and other provinces.
• Jin Hongguang (金红光) — Chinese Academy of SciencescoreStrategic or Co-development Partner · 1 December 2018Hepu Energy established an academician expert workstation with CAS academician Jin Hongguang (approved in December 2018, unveiled in May 2019). Jin Hongguang is a researcher at the CAS Institute of Engineering Thermophysics and a leading authority in distributed energy and energy cascade utilization. The workstation conducts energy environment system integration technology research and has been pivotal in developing the '抽汽蓄能' molten salt storage technology. Jin Hongguang personally inspected the Longshan Power Plant project with top energy experts in July 2025, confirming its 'international leading level' achievement.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

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 Hepu Energy Group