China energy hydrogen storage financing

Why should China invest in green hydrogen & fuel cell technologies?

Green hydrogen and fuel cell technologies can also empower the transition to a decarbonized energy system in the steel, construction, and power sectors . Third, hydrogen has become an emerging economic driver for China in the post-pandemic era.

What is China's strategy for the development of hydrogen energy industry?

ational strategy and a multitude of regional strategies. Since the release of China’s Medium and Long-Term Strategy for the Development of the Hydrogen Energy Industry (2021–2035) (referred to as “the National Plan”) in March 2022,2 there has been

Is green hydrogen a good investment for China's Energy Transition?

China is the world’s largest hydrogen producer and consumer. However, despite the growing focus on green hydrogen in the past few years, challenges of cost, infrastructure and demand are preventing it from making significant contributions to China’s energy transition.

Why is hydrogen a fundamental technology in China?

Hydrogen application is growing as a fundamental technology in China because of concerns regarding carbon neutrality, industry distribution, and renewable energy. As a world-class manufacturing country, China already has preconditions for the industrialisation of hydrogen energy.

What is the hydrogen energy industry chain in China?

The overall hydrogen energy industry chain in China (hydrogen production, hydrogen transport, hydrogen storage, and hydrogen utilisation) already includes market and production conditions. However, considerable challenges remain in each part of the industrial technology for the application of hydrogen energy in China.

What is China's long-term plan for the hydrogen industry?

In March 2022, China issued the Medium- and Long-Term Plan for the Development of the Hydrogen Energy Industry (2021–2035) (hereinafter referred to as “Plan”) , making the irst nationwide mid-to-long-term plan specifically for the hydrogen industry in China.