From Peric to Guofuhee, what are Chinese electrolyzer makers’ strategies to enter European markets, and their impacts
On February 12, 2025, Siemens announced it signed a Memorandum of Understanding (MoU) with China-based Guofu Hydrogen (also known as Guofuhee), a leading supplier of integrated solutions for hydrogen energy, and RCT GH Hydrogen, a Germany-based supplier of hydrogen systems and services, to collaborate on advancing the hydrogen value chain.
According to the agreement, the partnership focuses on three key areas: developing and engineering Guofuhee’s electrolyzers and electrolyzer systems, equipping new electrolyzer manufacturing facilities starting in Germany, and developing, constructing, and operating new hydrogen production plants. RCT GH Hydrogen, as a technology partner, will lead the engineering, procurement, and construction of state-of-the-art hydrogen production facilities.
Guofu Hydrogen (Guofuhee) is a listed company in HK Stock exchange, as a leading supplier of hydrogen equipment, its products covering the full hydrogen value chain, including generation, storage, transport and filling of both liquid and compressed hydrogen. Besides domestic market in China, Guofu Hydrogen is also actively developing overseas market and already started business in Asia (South and Southeast Asia), Europe, South America, the Middle East, Africa and Oceania.
This agreement represents one more Chinese electrolyzer maker’s attempt to foster businesses in European markets. I acknowledge at least six major Chinese electrolyzer producers have officially released expansion plans or formed partnership with local companies to explore European market. These strategies can be classified into three categories. I will illustrate one by one.