Sinopec, one of China's major energy companies, has unveiled a significant move in the clean energy space by launching a 5 billion yuan ($690 million) venture capital fund dedicated to hydrogen energy. This marks a substantial step in accelerating clean energy innovation in the country. The fund's primary focus will be on investing across the hydrogen value chain, particularly in early-stage startups and essential technologies necessary for expanding the hydrogen economy. Key investment areas include high-potential materials, core equipment, and proprietary solutions crucial for the development of hydrogen technologies. Managed by Sinopec Private Equity Fund Management, a subsidiary of Sinopec Capital, the fund also involves external partners, such as Shandong New Growth Drivers Fund Management and Yantai Guofeng Investment Holding Group. This initiative aligns with Sinopec's broader vision to spearhead China's shift towards cleaner energy solutions. The company has already made investments in 13 hydrogen-related firms and established 11 hydrogen supply centers for fuel cells, alongside 144 hydrogen refueling stations nationwide, solidifying its position as a key player in China's evolving hydrogen infrastructure landscape.