Event description
The national hydrogen development and Reform Commission issued the long term industrial development plan on May 23, 2023. (hereinafter referred to as planning).
Event comments
Clarify the development goal of 2025 and take the lead in developing the upstream hydrogen production industry. According to the planned development objectives, by 2025, the number of fuel cell vehicles will be about 50000, and a number of hydrogen refueling stations will be deployed and constructed. Hydrogen production from renewable energy has reached 1 China Vanke Co.Ltd(000002) 00000 tons / year, which has become an important part of new hydrogen energy consumption and achieved carbon dioxide emission reduction of 1-2 million tons / year. The goal of this stage is to improve the institutional and policy environment for the development of hydrogen energy industry, preliminarily establish a complete supply chain and basically master the core technology. The focus is on the demonstration application of renewable energy hydrogen production and fuel cells. In terms of vehicles, the current number of vehicles is about 10000, and the sales volume will be 2000 in 2021. According to the plan, the annual sales volume will double every year.
It is planned that the hydrogen energy industry will gradually mature by 2030 and 2035. The policy plans to form a relatively complete hydrogen energy industry technological innovation system, clean energy hydrogen production and supply system by 2030, and a hydrogen energy industry system by 2035 to build a diversified hydrogen energy application ecology covering transportation, energy storage, industry and other fields. The planning time is relatively loose, which is in line with the current development progress of China’s hydrogen energy industry.
Clarify the important strategic positioning of hydrogen energy. In this medium and long-term plan, it is clear that hydrogen energy is an important part of the future national energy system. Hydrogen energy is an important carrier for energy terminal to realize green and low-carbon transformation. Hydrogen energy industry is a strategic emerging industry and the key development direction of future industry. From the policy side, it is clear that the long-term development route will be towards hydrogen energy.
Focus on promoting hydrogen energy short board technology and strengthening international cooperation. The plan emphasizes the need to focus on the weak points of the short board, appropriately deploy a number of hydrogen energy projects in advance, accelerate the technological innovation of proton exchange membrane fuel cell, and break through the key core technologies of energy infrastructure. Encourage cooperation with technology leading countries and jointly explore the third-party international market. Explore and build a one belt, one road country to develop hydrogen energy trade, infrastructure construction and product development.
Coordinate infrastructure construction according to local conditions. In terms of hydrogen production, priority should be given to the use of industrial by-product hydrogen in areas where industries such as coking, chlor alkali and propane dehydrogenation are concentrated. Carry out hydrogen production demonstration of renewable energy in areas rich in wind, solar and hydropower resources, and explore seasonal energy storage and power grid peak shaving. In terms of hydrogen storage, improve the efficiency of high-pressure gaseous storage and transportation and accelerate the reduction of storage and transportation costs. In terms of hydrogen stations, support the reconstruction and expansion of hydrogen stations by using the site facilities of existing gas stations in accordance with laws and regulations.
Promote the diversified demonstration application of hydrogen energy. Focus on promoting the application of heavy vehicles in hydrogen fuel cells, and expand the application in energy storage, distributed power generation, industry and other fields. Heavy duty vehicles have high price and use intensity, and have high requirements for endurance. It is a more suitable demonstration application scenario for short-term fuel cells. In the future, it will be gradually expanded to the fields of high energy consumption power and industry.
Investment advice
At present, China’s hydrogen energy industry is still in its primary stage, and the initial focus is on hydrogen production industry, especially hydrogen production from renewable energy. Downstream applications take fuel cell vehicles as the initial breakthrough, and will gradually expand to traditional high emission fields such as transportation, electric power, chemical industry and metallurgy in the future, so as to meet the long-term carbon neutralization goal. The overall emphasis on technology development in the planning is the overall emphasis on technology development in the overall emphasis on technology development in the planning, which highlights the priorities to fill the gaps and core technologies. It is suggested that the medium to long term focus on hydrogen production technologies and enterprises that have a strong industry, University, research, and research, and cooperate with international leading technology companies, hydrogen production technologies and high-pressure hydrogen storage technology enterprises, high-pressure hydrogen storage technology enterprises, and vehicle fuel cell core proton exchange membrane enterprises at the core proton of the fuel cell for vehicle fuel cell, such as: Tpv Technology Co.Ltd(000727) 23 yes. There are risks
The cost of hydrogen production is high; The implementation of the policy is less than expected; Technology development is slow.
