METASPACEX Partners with Chongqing Bihe for Hydrogen Energy Storage in China

METASPACEX, a leading energy sector company, has announced a strategic partnership with Chongqing Bihe New Energy Technology Co., Ltd. (Chongqing Bihe) to enter the hydrogen energy storage sector. This collaboration is aimed at leveraging the increasing demand for new and renewable energy sources in China. The partnership was formalized on July 25, 2025, with both entities agreeing to explore opportunities in the new energy and renewable energy sectors within China.

The strategic cooperation agreement outlines the initial steps for METASPACEX and Chongqing Bihe to collaborate on hydrogen energy storage projects and related businesses. Both companies will continue to expand their cooperation based on market conditions and may hold high-level management meetings to discuss the progress and direction of their collaborative efforts. This partnership is part of METASPACEX's broader strategy to diversify its business portfolio and enhance its financial performance by exploring new investment opportunities beyond its existing operations.

The Chinese government has been actively promoting the development of new and renewable energy sources, as well as transitioning to a low-carbon energy system. This includes increasing the share of non-fossil fuels in the energy mix. The board of METASPACEX believes that if the proposed business opportunities under the strategic cooperation agreement are realized, the company will be able to enter China's new energy and renewable energy industry. This move will diversify its business operations and strengthen its competitive position.

Under the framework of the strategic cooperation agreement, METASPACEX and Chongqing Bihe will enhance their collaboration in areas such as business opportunities and market information. This will enable them to achieve mutual complementarity and shared goals. By focusing on hydrogen energy storage projects and related businesses, the two companies aim to form a powerful alliance that will benefit both parties. This collaboration is expected to drive innovation and growth in the hydrogen energy storage sector, contributing to the broader goals of sustainable energy development in China.