Hydrogen Energy Online/Text 1. Policy

1. the state council issued the "2024-2025 energy conservation and carbon reduction action plan"

on may 29, the state Council issued the "2024-2025 action plan for energy conservation and carbon reduction", proposing to promote the development of hydrogen energy as a whole, strengthen the demonstration and application of low-carbon smelting technologies such as hydrogen metallurgy, and accelerate the promotion of advanced technologies such as new generation ion membrane electrolyzers. Vigorously promote the substitution of renewable energy, encourage research and development and application of hydrogen production technology from renewable energy, support the construction of green hydrogen refining project, and gradually reduce the industry.

2. The Ministry of National People's Society Releases Hydrogen Energy Profession for the First time

on may 24, the Ministry of human resources and social security issued the "announcement on the publicity of professional information such as bioengineering and technical personnel to be released", initially determining 19 new jobs such as bioengineering and technical personnel, hydrogen-based direct reduction ironmaking workers, and 29 new jobs. among them, hydrogen-based direct reduction ironmaking is the first time that the Ministry of human resources and social security has released professional information related to hydrogen energy.

3. Guangzhou Huangpu District issued the "Notice on Organizing and Carrying out the Implementation of the 2024 District Measures for Promoting the Development of Hydrogen Energy Industry (the first batch)"

on may 28, Guangzhou Huangpu district development and reform bureau and development zone development and reform bureau issued a notice on organizing the implementation of 2024 district measures to promote the development of hydrogen energy industry (the first batch). the scope of this subsidy is rent subsidy for office (production) premises and operation support for hydrogenation stations, with 50% of the actual rent for office premises and 10 yuan/flat/month for production premises, the maximum subsidy for each enterprise is 1 million yuan per year, and the subsidy period is up to 3 years. For hydrogen refueling stations with a hydrogen sales price of no more than 30 yuan/kg in 2023, an operating subsidy of 15 yuan/kg will be given. The application period is from May 29, 2024 to June 7, 2024.

4. Hangzhou issued the "National Carbon Peak Pilot (Hangzhou) Implementation Plan"

on may 28, the hangzhou municipal government issued the "national carbon peak pilot (Hangzhou) implementation plan", proposing to speed up the layout and application of hydrogen energy, actively explore the development of offshore wind power, photovoltaic and other renewable energy hydrogen production projects, relying on Hangzhou-Ningbo "two cities" to explore the opening of marine green hydrogen water and land transportation channels; Explore the demonstration application of hydrogen energy and accelerate the application of hydrogen fuel cell vehicles for heavy-loaded trucks, engineering vehicles, special vehicles and cold chain logistics vehicles, develop inland water transport ships powered by hydrogen fuel cells, and strive to join the Zhejiang hydrogen fuel cell vehicle demonstration zone (point) and the national fuel cell vehicle demonstration city group; improve the layout of hydrogen refueling stations, and encourage the use of existing refueling (gas), Charging and integrated energy supply service stations and other sites to implement hydrogen refueling station renovation and expansion projects.

5. "Jiaxing city 2024 new energy vehicle promotion and application award supplementary funds use operating rules" issued

on may 30, Jiaxing municipal development and reform Commission of Zhejiang province issued the "operating rules for the use of new energy vehicle promotion and application award and subsidy funds in Jiaxing city in 2024", which clearly stated that fuel cell buses should be given local matching subsidies at a ratio not higher than 1:1 of the central financial subsidy standard, and the technical requirements for fuel cell buses should refer to the relevant technical requirements of the central financial subsidy in the current year. On the operation subsidy of hydrogen station, during the period from June 1, 2023 to May 31, 2024, part of the subsidy will be based on 9 yuan per kilogram, and after June 1, 2024, part of the subsidy will be based on 6 yuan per kilogram. The amount of hydrogenation shall be reviewed and confirmed by the competent department of the industry or the regulatory platform.

6. Release of the first toll-free policy for hydrogen vehicles in Inner Mongolia

starting from June 1, the first full toll subsidy policy for hydrogen energy vehicles in inner Mongolia autonomous region will be officially implemented. for hydrogen energy vehicles passing through toll stations in ordos city, all tolls will be returned after the following month's review after the toll amount is collected. The scope of the award and subsidy is for hydrogen energy vehicles passing through ordos city and for toll roads in ordos city. the award and subsidy period is from June 1, 2024 to June 1, 2026, 2026, with a trial period of 2 years. After the trial implementation of the policy, it is expected that more than 300 million yuan of tolls will be reduced for operating enterprises throughout the year, further encouraging the cross-regional operation of hydrogen energy vehicles and accelerating the promotion and application of hydrogen energy vehicles

2. hydrogen supply and hydrogen refueling station construction

7. China's first heavy-haul railway hydrogenation station officially put into commercial operation

on June 2, the batuta hydrogenation station of the national energy group was officially put into commercial operation. the station is located in erdos city, inner Mongolia. it is the first heavy-haul railway hydrogenation station in China. it mainly provides hydrogenation services for domestic high-power hydrogen energy-powered shunting locomotives and "hydrogen fuel cell + lithium battery" zero-emission catenary operation vehicles. Its hydrogenation capacity reaches 500kg per day, and its hydrogen storage capacity is 800kg. It can fill with a hydrogen capacity in 30 minutes, the filled hydrogen fuel can be used for the locomotive to run continuously for 8 hours, with a no-load range of 800 kilometers, which is expected to reduce carbon dioxide emissions by about 800 tons per year.

3. market/demonstration situation

8. Jinjin New Energy Heavy Truck Double Zero Carbon Logistics Pilot Channel Successfully Opened

on may 29, the pilot transportation of Jinjin new energy heavy truck double zero-carbon logistics channel in xiaoyi, Shanxi-Tianjin port started successfully. the new energy heavy truck fleet from Shanxi pengfei group safely arrived at the central freight yard in southern Xinjiang of Tianjin port. the coal loaded on the truck will be launched from Tianjin port for loading, and then the cargo will be loaded from Tianjin port back to Shanxi. The pilot channel runs from xiaoyi city, Shanxi province to and from Tianjin port, with a pilot delivery mileage of more than 1500 kilometers. along the way, three hydrogen refueling stations are used to supplement energy. it is the country's first dual zero-carbon logistics channel pilot project for medium-and long-distance pure commercial operation. hydrogen fuel cell heavy trucks are used in the whole process to achieve zero emission

9. Pear tree scenery green hydrogen biomass coupling green methanol project (chemical part) was filed

on may 28, pear tree scenery green hydrogen biomass coupling green methanol project (chemical part) was approved for filing, with a total investment of 2556.6512 million yuan. the project is scheduled to start in November this year and be completed in 2026. The construction content is a 200000-ton biomass gasification methanol production plant, 40 Nm3/h lye hydrogen production +16 200 Nm3/h PEM hydrogen production equipment, with a total hydrogen production capacity of 43200 Nm3/h.

10.1.6 GW wind power supply network load storage system green methanol integration project signing

on may 27, Shandong industrial technology research institute and Jinan industrial research national energy carbon environmental protection technology co., ltd. respectively signed a tripartite agreement with hong kong longxiang group investment co., ltd. and gaofeng group holding co., ltd. in hong kong Shandong association to jointly build a 1.6GW wind power supply network, lotus storage and green methanol integration project. It is reported that the construction content of the project mainly includes wind farms, electrolytic water hydrogen production facilities, methanol synthesis plants, carbon capture plants and other major production lines and supporting projects. After completion, the annual output of green methanol can reach 300000 tons.

11. The world's first solid hydrogen-powered unmanned aerial vehicle "Polytechnic Hydrogen Source Cuiheng 1" successfully made its maiden flight

on may 28, the world's first solid hydrogen powered unmanned aerial vehicle-"science and technology hydrogen source-cuiheng 1" jointly developed and manufactured by the scientific research team of Beijing university of technology and Beijing hydrogen source intelligent technology co., ltd. successfully made its first flight in cuiheng new district, Zhongshan city, Guangdong province. the unmanned aerial vehicle is a 30kg solid hydrogen powered rotor multifunctional unmanned aerial vehicle, using MOF (metal organic framework material) solid hydrogen electric drive system, the whole system operates stably under normal temperature and low pressure (no more than 1.5 standard atmospheres), with a mass hydrogen storage density close to 10%, and the endurance time of driving unmanned aerial vehicles can reach more than 3 times that of lithium batteries of the same quality.

12. Xinjiang 10000 Tons Green Hydrogen Project Starts Construction

on may 30, the construction project of yudu green hydrogen plant of manas longshengda yudu hydrogen energy technology co., ltd. started construction in taxi river industrial park. the project is jointly invested and constructed by Urumqi longshengda environmental protection and Jiangsu guofu hydrogen energy, with a total investment of over 2 billion yuan. the construction of photovoltaic power station, 10000-ton green hydrogen plant, 3 comprehensive energy stations and 600 hydrogen energy vehicles will be realized in stages. The first 10000-ton green hydrogen plant project to be built this time has an investment of 0.24 billion yuan. It will build one electrolysis water hydrogen production plant with an annual hydrogen production capacity of not less than 10000 tons. The hydrogen production scale is 4000 Nm3/h in Phase I, 5000 Nm3/h in Phase II and 5000 Nm3/h in Phase III. The construction mainly includes a single set of 1000 cubic meters alkaline electrolyzer, hydrogen compressor, filling facilities, power distribution facilities, public works and other auxiliary facilities.

13. Inner Mongolia science and technology major special "medium and low pressure hydrogen doping demonstration project" debugging success

on may 26, the natural gas of Wuhai low carbon industrial park, a medium and low pressure hydrogen blending demonstration project of major science and technology projects in inner Mongolia, which was designed by Beijing coal and heat institute in charge of the whole process consultation.The technical transformation project of pure hydrogen blending at the gate station has completed the commissioning and testing of the comprehensive test platform for pure hydrogen pipelines and natural gas blending. It is reported that the total hydrogen doping scale of the test platform is 500nm ³/h, and the hydrogen doping ratio can reach up to 20%, covering the entire pressure operation range of urban gas. The project covers pure hydrogen and hydrogen-mixed pipeline transportation, hydrogen-mixed natural gas mixing, pure hydrogen and hydrogen-mixed natural gas equipment and material experiments, hydrogen-mixed natural gas separation, hydrogen-mixed natural gas terminal utilization, etc.

14. huadian 1 million kw scenery hydrogen ammonia alcohol integration project signing

on may 27, a framework agreement was successfully signed between the 1 million-kilowatt scenery hydrogen-producing ammonia-alcohol integration project in dengkou county and the investment in manure resource utilization and biogas bioenergy project. the 1 million-kilowatt scenery hydrogen-producing ammonia-alcohol integration project in dengkou county built by huadian north new energy co., ltd. with a total investment of about 7 billion yuan, will build a new energy installation of 1 million kilowatts and supporting the construction of hydrogen-producing ammonia-alcohol and other subsequent extension industries. The Dengkou County manure resource utilization and biogas bioenergy project built by Inner Mongolia Jingzhou Environmental Protection Co., Ltd. has a total investment of about 0.4 billion yuan. After the completion of the project, it will treat 1.2 million tons of manure annually and produce 36 million cubic meters of bioenergy each year.

4. enterprise dynamics/cooperation

15. Jingcheng Electromechanical intends to acquire control of Shanghai Shunhua

on may 29, Beijing jingcheng electromechanical industry investment co., ltd., a wholly-owned subsidiary of Beijing jingcheng electromechanical holding co., ltd., and relevant parties of Shanghai shunhua new energy system co., ltd. reached a preliminary cooperation intention to become the largest shareholder of Shanghai shunhua through equity transfer and capital increase, realizing actual control over it, with a final shareholding ratio of not less than 34.58 and a total planned investment of about 0.59 billion yuan. It is reported that Shanghai Shunhua New Energy was established in 2004. Its business areas cover hydrogen energy, nuclear energy and distributed energy. The core team has more than 10 years of technology accumulation in the hydrogen energy field.

16. lankun hydrogen energy releases first 1000nm/h modular atmospheric pressure electrolyzer

on may 29, Beijing electric power co., ltd., a subsidiary of state power investment group, and Shandong lankun hydrogen energy technology co., ltd. signed a strategic cooperation agreement in Rizhao city, Shandong province. the two sides will give full play to their respective advantages and jointly create a four-in-one application scenario of green hydrogen production, storage, hydrogenation and sales, creating new experience for large-scale off-grid hydrogen production of new energy such as wind power and photovoltaic. During the same period, the first 1000nm/h modular atmospheric electrolyzer of Lan Kun Hydrogen Energy was officially released. The measured power consumption of the modular atmospheric electrolyzer verified by the project is 4.14kWh/nm, the hydrogen production efficiency is above 82%, the hydrogen purity at the outlet of the separator is above 99.9, the load range is 5-120%, and the system load lifting rate reaches 5.6/s.

17. Tailing hydrogen energy electric vehicle offline

on may 28, the first batch of hydrogen energy electric vehicles in tailing Wuxi officially went offline. the overall structure of the vehicle is similar to that of ordinary two-wheeled electric vehicles. the size of the vehicle is 1570 × 630 × 1050mm, the weight of the vehicle is ≤ 55kg, and the cruising range is 100km. the solid hydrogen storage bottle equipped with QL-H can realize the charging and discharging function through the chemical reaction of hydrogen and oxygen, and the hydrogen storage bottle mouth used by the vehicle is less than 0.07MP.

18. Reshaping 10,000-ton green hydrogen project starts

on may 29, the integrated project of green hydrogen production, storage, transportation and utilization in Ningxia taiyangshan, hydrogen and ammonia valley, China (phase I with an annual output of 16500 tons of green hydrogen) was started. the project was jointly developed by the management Committee of taiyangshan development zone in wuzhong city, Ningxia, reshaping energy and Jiangsu seilafu power. the total investment of the project is 2.087 billion yuan, with an annual output of 16500 t/a hydrogen, including 57 sets of hydrogen production and purification system, 22 sets of PEM water electrolysis hydrogen production and purification system.

19. conservation of momentum to complete tens of millions of dollars angel round financing

recently, Hefei momentum conservation green energy co., ltd., a domestic provider of PEM electrolyzer core materials and devices, officially completed the delivery of tens of millions of yuan of angel round financing. the angel round leading investor is tongchuang capital and the exclusive financial consultant is yuanhe capital. this round of financing is mainly used for the company's research and development of technical products and market expansion.

5. Market Performance

20. Biweekly performance of hydrogen energy index

From May 27 to May 31, the CSI Hydrogen Energy Index (931229.CSI) rose 0.63 per cent, the Shanghai Composite Index fell 0.07 per cent and the CSI 300 Index fell 0.6 per cent. In terms of individual stocks, the top five companies in the hydrogen industry were: Xinyue Technology (300745.SZ, 26.30 percent), Hengguang (301118.SZ, 16.95 percent), Tienneng (688819.SH,5.35 percent), Jinhong Gas (688106.SH, 4.70 percent), and Dongfang Electric (600875.SH, 4.08 percent).