State Power Investment Corporation and Templewater sign Strategic Cooperation Agreement for Green Hydrogen in the Greater Bay Area

16 September 2022, Hong Kong
Impact Investing

(16 September 2022, Hong Kong) Coinciding with the 25th anniversary of Hong Kong's return to the motherland, State Power Investment Group Overseas Investment Co., Ltd. ("SPICOC") and Templewater Group held a virtual signing ceremony to sign a green hydrogen supply (hydrogen energy transportation) strategic cooperation agreement. At the ceremony, the two parties will use hydrogen energy transportation as the starting point, to seize the development opportunities of the hydrogen energy industry, and jointly promote the demonstration and industrial cooperation of Hong Kong's green hydrogen supply and zero-carbon transportation.

According to the agreement, the two parties will use "green hydrogen supply solutions + application scenarios + project investment" as the cooperation model to join forces to expand the Guangdong-Hong Kong-Macao Greater Bay Area market, explore global hydrogen energy project investment opportunities, and create a win-win and sustainable development strategic partnership.

Assistant General Manager and Director of the Development Department of State Power Investment Corporation (“SPIC”), Mr. Hou Xuezhong said "under the background of the dual-carbon strategic goal and the development of the hydrogen energy industry, the strategic cooperation in green hydrogen supply between SPICOC and Templewater Group is of great significance. The two parties will further expand cooperation in scientific research and demonstration projects, infrastructure projects, capital projects, personnel training and other fields, and use green transportation and zero-carbon city whole industry chain solutions to drive upstream, mid-stream and downstream industries to global development."

Templewater Group’s CEO, Mr. Cliff Zhang said "Templewater Group has further promoted the application of hydrogen energy in the field of public transportation in Hong Kong in recent years, and is looking forward to a more in-depth cooperation with SPIC in the layout of hydrogen energy.

In the next step, the two parties will be committed to cooperating to promote the implementation of the first integrated demonstration project of green hydrogen production, storage and refueling in Hong Kong, and jointly study the cooperation and promotion plan of SPIC Olympic bus and power system, in order to promote Hong Kong, Macao, The Hengqin Guangdong-Macao Deep Cooperation Zone and other key urban areas in the Greater Bay Area have laid a solid foundation for accelerating the transformation and development of low-carbon and clean energy.

About State Power Investment Corporation

State Power Investment Corporation (“SPIC”) is one of the five major electricity generation companies in China. It was the successor of China Power Investment Corporation after it was merged with the State Nuclear Power Technology Corporation in 2015. SPIC has been actively deploying the hydrogen energy industry in recent years, taking hydrogen energy as an important breakthrough point for the development of strategic emerging industries. SPIC focuses on promoting the coordinated development of renewable energy power generation and green power hydrogen production, and promote the independent research and development and industrialization of renewable energy hydrogen production equipment and fuel cell related technologies. Furthermore, SPIC’s overseas companies have increased its investment in the field of hydrogen energy, and vigorously promote technological innovation and applications such as offshore wind power hydrogen production, gas turbine hydrogen mixing, and hydrogen production and refueling machines.

To learn more about SPIC, please visit

About Templewater Group

Templewater Group (“Templewater”) is an alternative asset management firm headquartered in Hong Kong, founded by Mr. Cliff Zhang and the Investec Group in 2018 as a spin-off of Investec Group’s Principal Investments Division in Asia, continuing the heritage and investment track record of the Investec Group.

Templewater is a solution-based and trusted partner to institutions, entrepreneurs and family offices. Templewater invests across the alternative asset classes in private equity, impact investing and real estate.

To learn more about Templewater, please visit

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