The medium and long term plan for the development of hydrogen energy industry clearly puts forward that hydrogen energy is an important part of the future national energy system and a beneficial supplement to the existing energy forms. We will focus on hydrogen production from renewable energy, which is often referred to as green hydrogen. In addition, the plan proposes to study and explore the supporting electricity price policy for hydrogen production from renewable energy power generation, improve the energy storage price mechanism covering hydrogen energy storage, and explore the direct participation of hydrogen energy storage in power market transactions Ling Yiqun, deputy general manager of Party group members of China Petroleum & Chemical Corporation(600028) group company, said that with the reduction of green power generation costs such as wind power and photovoltaic power generation and the continuous maturity of green power to green hydrogen technology, the green hydrogen energy industry must have extremely good development prospects in the future.
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