According to CCTV news, recently, the first new energy hydrogenation demonstration station in Hainan Province – Haikou photovoltaic hydrogen production and high-pressure hydrogenation integrated station was completed. Haikou photovoltaic hydrogen production and high-pressure hydrogenation integrated station covers an area of 2500 square meters. It is mainly composed of water electrolysis hydrogen production unit, multi-stage booster, high / medium / low-pressure hydrogen storage tank, 70MPa / 35MPa hydrogenation machine, cooling system and control system. Hydrogen production and hydrogenation realize automatic control. It is reported that the completion and operation of the project has effectively realized the zero carbon emission cycle from Cecep Solar Energy Co.Ltd(000591) power generation to hydrogen production from electrolytic water, and then to the operation of hydrogen fuel cell vehicles.
Galaxy Securities believes that hydrogen energy vehicles have maintained a high growth rate of sales and ownership in recent years, with compound annual growth rates of 63% and 114% in 2016 and 2019 respectively. Fuel cell has the advantages of high efficiency, low pollution, low noise and fast charging. In 2020, the global fuel cell market will reach US $4.2 billion. On the cost side, there is a lot of room for fuel cell cost reduction. It is estimated that the annual system cost will be reduced by about 14% from 2020 to 2030. In the long run, fuel cell vehicles will still be the main growth force of the fuel cell market. According to the forecast, the global fuel cell market will grow at a compound annual rate of 16.64% from 2020 to 2025, and will reach US $9.05 billion in 2025. It can be seen that the future market development space of fuel cell and hydrogen energy vehicle is large, and the development prospect of fuel cell and hydrogen energy vehicle is promising.
China Securities Co.Ltd(601066) pointed out that hydrogen energy is one of the important carriers of energy revolution. It has broad application potential in using non fossil energy power and improving electrification rate, and is an important supplement to power. From the current situation to “peak” to “net zero”, the utilization scale of hydrogen is expected to increase more than three times, close to 100 million tons per year. The agency recommends that:
1) At a time when the industrial development is still in the introduction period, the strength and rhythm of policy support are very key, and the competition pattern is far from clear. Considering the high demand and direct promotion effect of industrial development policies on technological progress, investors are advised to pay attention to the targets with relatively obvious technological advantages: Beijing Sinohytec Co.Ltd(688339) , Shenzhen Center Power Tech.Co.Ltd(002733) , Dongyue Group (covered by the chemical group), Sinoma Science & Technology Co.Ltd(002080) , Houpu Clean Energy Co.Ltd(300471) .
2) Considering that hydrogen production from renewable energy is the mainstream technical route of hydrogen production in the future, investors are also advised to pay attention to the high-quality targets of photovoltaic, wind power and new power systems: Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) , Trina Solar Co.Ltd(688599) , Zhejiang Windey Co.Ltd(300772) , Ming Yang Smart Energy Group Limited(601615) , Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) , Jinlei Technology Co.Ltd(300443) , Dajin Heavy Industry Co.Ltd(002487) , Nari Technology Co.Ltd(600406) , Xj Electric Co.Ltd(000400) , China Xd Electric Co.Ltd(601179) , Sieyuan Electric Co.Ltd(002028) , Windsun Science Technology Co.Ltd(688663) , Guangzhou Zhiguang Electric Co.Ltd(002169) .
3) Considering the R & D investment and technical reserves of some vehicle enterprises and equipment enterprises in hydrogen fuel cell, it is also recommended that investors pay attention to Great Wall Motor Company Limited(601633) , Saic Motor Corporation Limited(600104) , Weichai Power Co.Ltd(000338) (vehicle group coverage), Moon Environment Technology Co.Ltd(000811) (mechanical group coverage), etc.
(Securities Times)
