Hanhua Technology completed Series A financing, focusing on smart energy management and control, energy conservation and carbon reduction for industrial enterprises 36 Krypton starters

Text| Wang Fangyu

Edit| Su Jianxun

36Kr learned that Nanjing Hanhua Fluid Technology Co., Ltd. (hereinafter referred to as "Hanhua Technology") recently completed a round of financing, led by Taiya Capital, followed by Zhencheng Investment, and Beituo Capital served as the long-term exclusive financial advisor. This round of financing is mainly used for the expansion of new scenarios and the construction of standard laboratories.

Founded in 2017, Hanhua Technology is an industrial smart cloud service provider for energy management and control, energy conservation and carbon reduction, and is also a dual-innovation enterprise in Jiangsu Province, a national high-tech enterprise, a national double-soft certification enterprise and a national industrial Internet industry alliance unit. Its core business is a smart energy and carbon platform based on accurate measurement, which can provide customers with metering diagnosis, energy efficiency evaluation and carbon management services integrating software and hardware.

In the current environment of the energy and carbon era, due to the domestic demand of enterprises to reduce costs and increase efficiency, in line with the rigid needs of the national "dual control" policy, and the future demand for carbon asset management, it is determined that energy conservation and carbon reduction are the top priorities of enterprise development, and the above needs need to be based on accurate, credible and reliable data, and the demand for accurate measurement is growing rapidly.

It is estimated that the overall annual carbon emissions of a steel mill with an annual output of 10 million tons are about 19 million to 21 million tons. If there is a 1% deviation in the measurement, according to the current selling price of more than 70 yuan per ton of carbon allowance, the cost of deviation error is as high as 14 million yuan.

Hanhua Technology is one of the few companies in the domestic market that can provide accurate, credible and reliable data, and Zhang Penggang, the founder of Hanhua Technology, told 36Kr that the Hanhua team went deep into the front line of the factory and developed an online WCC data calibration platform for many years. The platform has accumulated a number of parameters and algorithm models, and pioneered a multi-factor compensation mechanism model, which can restore the real process conditions and perform root cause analysis from the process end to achieve accurate measurement. This technology is "at least 5 years ahead of the industry".

Based on the WCC data online calibration platform, Hanhua Technology has developed the EMS smart energy management and control system and the CES carbon management system to help enterprises save energy and reduce carbon emissions from the system level and equipment level respectively.

Hanhua Technology's flowmeter products           Data source: enterprise authorization

It is reported that Hanhua Technology's solutions have been applied and implemented in many leading steel and non-ferrous enterprises such as Baosteel Group, Chinalco Group, Anshan Iron and Steel Group, Shandong Iron and Steel, Jianlong Group, etc., and have been widely recognized by downstream customers.

At present, the national carbon market only includes the power sector among the eight major emission control industries, and other entities have not yet entered. In the future, if steel, petrochemical, chemical, nonferrous metals and other industries enter the national carbon market, the total amount of assets traded each year may reach billions of tons, which will also bring a broad demand for carbon inventory and carbon supervision.

Zhang Penggang told 36Kr that Hanhua Technology plans to migrate and expand the know-how accumulated in the steel and non-ferrous industries to develop markets in the chemical, natural gas, cement and paper industries. According to his estimates, the market demand for accurate measurement in steel mills alone will be as high as 20 billion yuan, and the market demand for accurate measurement in the eight major emission control industries will reach hundreds of billions of yuan.

In terms of team, after more than 3 years of development, Hanhua Technology has a team of more than 40 people, of which more than 2/3 are R&D personnel with rich experience in industrial energy technology. The founder, Zhang Penggang, studied under Professor Cai Jiuju, an energy-saving expert, is a doctoral student in thermal engineering at Northeastern University, and served as the president of Liaoning Focus Industrial Fluid Research Institute.

Data precision technology is the foundation of intelligent manufacturing and digital transformation of industrial enterprises. Zhang Penggang told 36Kr that the smart energy management and control and energy-saving and carbon-reduction system based on accurate data will continue to help China's industry achieve the goal of carbon peak and carbon neutrality, accelerate the process of China's industrial intelligence, and its long-term goal is to become the data base for the digital transformation of industrial enterprises.