Templewater has invested in Marvel-Tech's Pre-Series B financing round to support the mass production of innovative hydrogen-fueled gas turbines, addressing the growing demand for sustainable energy solutions.

Information on the Target

Marvel-Tech, based in Shanghai, is an innovative high-tech enterprise specializing in hydrogen and hydrogen derivatives-fueled gas turbines designed for zero-carbon power generation. The company has pioneered the development of the world’s first tri-feed zero-carbon low-NOx combustor, which can effectively utilize hydrogen, ammonia, and natural gas. This groundbreaking technology is positioned to meet the growing global demand for sustainable energy solutions.

Founded by Mr. Lin Gang, Marvel-Tech aims to enable universal access to stable green electricity. The company focuses on delivering and storing molecular-based green hydrogen and hydrogen derivatives, utilizing its advanced gas turbines to provide reliable green electricity and steam, especially in regions facing energy supply challenges.

Industry Overview in China's Renewable Energy Sector

The renewable energy sector in China has experienced exponential growth over the past decade, driven by government policies aimed at enhancing energy security and reducing carbon emissions. With an increasing foc