"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 势银研究： 势银产业研究服务 势银数据： 势银数据产品服务 势银咨询： 势银咨询顾问服务 重要会议： 2025势银绿氢产业大会（7月16-17日，江苏·无锡） 点此报名 添加文末微信，加 绿氢 群 研讨会背景 随着全球能源需求的快速增长与化石燃料日益紧缺的矛盾凸显，加以环保理念的兴起，寻找可实现减排的清洁能源替代，便成为了当下主题。而 氢，以其清洁、灵活高效和应用场景丰富的优势备受瞩目。 从我国来看，国家发展改革委、国家能源局联合发布《氢能产业发展中长期规划（ 2021-2035年）》，将氢定义为能源；同时也将氢能作为了 未来国家能源体系的重要组成部分及用能终端实现绿色低碳转型的重要载体，氢能产业是战略性新兴产业和未来产业重点发展方向。且由于氢的 燃烧产物仅为水，也有部分人士给氢能冠以"终极能源"的称号。 实际上，从严格意义来说氢能并不完全是一个 "新鲜事儿"。最早在16世纪中叶，氢气就已被发现，只不过由于当时工业水平并不发达并未进行深 入的探索，直到19世纪初才正式敲开氢气应用的大门，氢气开始逐渐广泛应用于化工、医学、航天等 ...

Core Viewpoint - The article analyzes the 2024 annual reports of 15 companies involved in electrolysis water hydrogen production equipment, highlighting the performance and challenges faced by both traditional energy companies and those primarily focused on hydrogen energy [2][5]. Group 1: Traditional Energy Companies - 11 companies from traditional sectors such as energy equipment, photovoltaics, and automotive components have entered the hydrogen sector, leveraging their existing manufacturing capabilities and resources [2][4]. - Despite decent revenue figures, many of these companies reported their worst net profits in recent years due to industry supply-demand imbalances and declining prices in photovoltaic products [2][4]. - Notable companies include China CRRC, Sunshine Power, and Shanghai Electric, with China CRRC achieving a revenue of 2464.57 billion and a net profit of 123.88 billion, reflecting a year-on-year growth of 5.21% and 5.77% respectively [6][7]. Group 2: Hydrogen-Focused Companies - Four companies primarily focused on hydrogen energy—Guofu Hydrogen Energy, Guohong Hydrogen Energy, Yihua Tong, and Reshape Energy—reported losses in 2024 due to several factors, including immature market demand and high R&D costs [5][6]. - Guofu Hydrogen Energy reported a revenue of 4.59 billion with a net loss of 2.09 billion, while Guohong Hydrogen Energy had a revenue of 4.42 billion and a net loss of 4.072 billion [6][18]. - The hydrogen industry is still in its early commercial stage, with significant reliance on policy subsidies and a lack of robust market growth, making profitability challenging for pure hydrogen companies [5][6]. Group 3: Performance Summary of Key Companies - China CRRC: Revenue of 2464.57 billion, net profit of 123.88 billion, both showing positive growth [6][7]. - Sunshine Power: Revenue of approximately 778.57 billion, net profit of about 110.36 billion, with a year-on-year increase of 7.76% and 16.92% respectively [7][8]. - Shanghai Electric: Revenue of 1161.86 billion, net profit of 7.52 billion, with a slight decline in profit [10][11]. - Guofu Hydrogen Energy: Revenue of 4.59 billion, net loss of 2.09 billion, indicating a significant increase in losses compared to the previous year [18]. - Guohong Hydrogen Energy: Revenue of 4.42 billion, net loss of 4.072 billion, with losses slightly reduced year-on-year [18].

Core Viewpoint - The article emphasizes the importance of hydrogen pipeline technology in the development of green hydrogen projects in China, highlighting the need for standardized regulations and technological advancements to facilitate large-scale hydrogen transportation and storage [2][6]. Summary by Sections Hydrogen Pipeline Development - As of 2024, China has constructed approximately 150 km of pure hydrogen pipelines and over 500 km of hydrogen-blended pipelines, with plans to build over 5000 km by 2030 [2]. - The article outlines various ongoing hydrogen pipeline projects, including a 1132 km pipeline from Inner Mongolia to the Beijing-Tianjin-Hebei region and a 972.7 km pure hydrogen pipeline, which is the largest in the world in terms of diameter and capacity [4][5]. Standards and Regulations - Since 2024, China has been actively developing national and group standards for hydrogen pipelines, addressing the previous lack of targeted standards and relying on international references [2][5]. - Key standards include the "Hydrogen Transport Pipeline Integrity Management Specification" and the "National Standard for Steel Pipes for Hydrogen Storage and Transport," which aim to fill the regulatory gaps in the hydrogen energy sector [5][6]. Challenges and Future Outlook - The article identifies several challenges facing the hydrogen pipeline industry, including the low domestic production rate of critical equipment, the need for improved compatibility between hydrogen and pipeline materials, and the fragmented nature of current projects [6]. - It suggests that successful demonstration projects should serve as testing grounds for advancing standards and technology, ultimately enabling the transition from planning to actual implementation of green hydrogen infrastructure [6].

"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 重要会议： 2025势银绿氢产业大会（7月16-17日，江苏·无锡） 点此报名 添加文末微信，加 绿氢 群 研讨会背景 随着全球能源需求的快速增长与化石燃料日益紧缺的矛盾凸显，加以环保理念的兴起，寻找可实现 减排的清洁能源替代，便成为了当下主题。而氢，以其清洁、灵活高效和应用场景丰富的优势备受 瞩目。 从我国来看，国家发展改革委、国家能源局联合发布《氢能产业发展中长期规划（ 2021-2035 年）》，将氢定义为能源；同时也将氢能作为了未来国家能源体系的重要组成部分及用能终端实现 绿色低碳转型的重要载体，氢能产业是战略性新兴产业和未来产业重点发展方向。且由于氢的燃烧 产物仅为水，也有部分人士给氢能冠以"终极能源"的称号。 实际上，从严格意义来说氢能并不完全是一个 "新鲜事儿"。最早在16世纪中叶，氢气就已被发 现，只不过由于当时工业水平并不发达并未进行深入的探索，直到19世纪初才正式敲开氢气应用 势银研究： 势银产业研究服务 势银数据： 势银数据产品服务 势银咨询： 势银咨询顾问服务 | | 领导致辞 | | --- | -- ...

Core Viewpoint - AEM hydrogen production technology, as a third-generation electrolysis technology, shows great potential but is still in the early development stage, facing challenges such as insufficient technological maturity and a weak supply chain [1][6][10]. Supply Chain Challenges - The core materials for AEM electrolysis cells, including membranes, catalysts, electrodes, diffusion layers, and bipolar plates, are currently facing supply shortages or monopolistic issues [2][4]. - The domestic production of membrane materials is limited, with few manufacturers achieving stable mass production, leading to high costs and performance issues [2][4]. - The lack of specialized BOP suppliers exacerbates the supply chain's incompleteness, forcing companies to self-design and produce, which increases costs [4][10]. Technological Maturity and Production Barriers - AEM hydrogen production is transitioning from laboratory to commercial application, with significant technical challenges in scaling from small to medium-sized systems [6]. - Current AEM demonstration projects are experimental, and the market is unlikely to scale up without thorough engineering validation and technical optimization [6][10]. - Industry experts suggest focusing on improving technology and cost issues, such as enhancing adaptability to renewable energy fluctuations and extending equipment lifespan [6]. External Policy Impacts - Domestic supply chains are influenced by external policies, such as the U.S. stance on energy, which has created challenges for the hydrogen industry through technology export controls and trade barriers [8]. - These challenges have prompted domestic companies to accelerate independent research and production, providing opportunities for the rise of local supply chains [8]. Industry Development Recommendations - A complete and professional supply chain ecosystem is essential for the commercialization of AEM hydrogen production [10]. - The industry should encourage more players to enter the market to foster healthy competition, which can lead to cost reduction and efficiency improvements [10]. - There is a call for supportive policies to promote the localization of key materials and enhance collaboration between industry, academia, and research institutions to improve technological maturity [10].

Core Viewpoint - The article highlights a groundbreaking achievement in off-grid hydrogen production, demonstrating that hydrogen can be generated without the need for energy storage systems, utilizing only photovoltaic energy [4][7]. Group 1: Off-Grid Hydrogen Production Breakthrough - The Blue Kun Hydrogen Energy's square atmospheric electrolyzer achieves a wide load range of 2%-120% for pure off-grid hydrogen production, directly converting solar energy into high-purity hydrogen without the need for energy storage, thus eliminating significant costs and management complexities [4]. - This innovation marks a shift from traditional methods that rely on grid connections and large-scale energy storage, making off-grid hydrogen production a practical reality [4]. Group 2: Technical Innovations Ensuring Stable Operation - The integrated design of the gas-liquid separator and electrolyzer creates a stable flow environment, ensuring that electrolysis efficiency remains high even in off-grid conditions [5]. - The system operates at a low pressure of 10-30 kPa, significantly reducing risks associated with high-pressure operations, and utilizes third-generation composite membranes to minimize hydrogen-oxygen crossover, achieving an oxygen hydrogen content of 0.2% under normal conditions [5]. - The modular structure of the electrolyzer is lightweight, only 33% of the weight of traditional high-pressure electrolyzers, and features digital integrated control for easy operation and maintenance without the need for continuous manual inspections [5]. Group 3: Reliability and Industry Implications - The system produces hydrogen with a purity of over 99.9%, validating the reliability of off-grid hydrogen production and indicating a new potential for the hydrogen energy industry [7]. - This advancement suggests that renewable energy consumption no longer requires energy storage, allowing hydrogen production to operate more efficiently and cost-effectively [7].

"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 势银研究： 势银产业研究服务 重要会议： 2025势银绿氢产业大会（7月16-17日，江苏·无锡） 点此报名 添加文末微信，加 绿氢 群 制氢目标是中国氢能产业从"示范探索"迈向"规模化商用"的关键一步。 据势银（TrendBank）统计，截至2024年底，国内绿氢项目已建成102个，绿氢产能约10.88万吨/年， 已基本完成国家中长期规划中对于2025年10-20万吨的年制氢目标。 2022年国家目标发布后，全国各省份陆续发布省级氢能规划目标。其中，内蒙古、甘肃、新疆等省份 明确绿氢制备规模目标，合计约110万吨/年，远超国家目标。 从目前完成情况来看，各省份已建成绿 氢项目规模远低于目标量，但考虑部分在建项目或将于2025年取得实质性进展，内蒙古、新疆、宁 夏、吉林的开工建设规模已超过其省级规划量（见下图）。 势银数据： 势银数据产品服务 势银咨询： 势银咨询顾问服务 未来，三北地区将继续在全国范围内保持先发优势。然而，在典型氢氨醇一体化项目模式中，产品的 制备与应用存在一定区域错配问题，以甲醇在航运应用为例，目前加注港口 ...

Core Viewpoint - The article highlights the successful delivery of a large-scale liquid-driven compressor by Haidilisen to Australia, marking a significant milestone for China's high-end equipment manufacturing and its entry into the Oceania market [3][5][13]. Group 1: Project Overview - The liquid-driven compressor is the largest integrated design project by Haidilisen to date, featuring both 50MPa and 90MPa compressors within a single skid, capable of receiving 2MPa inlet pressure and flexibly outputting either 50MPa or 90MPa discharge pressure [5]. - This project represents China's first entry into the Australian market for liquid-driven compression technology, providing efficient and low-carbon hydrogen solutions [3][13]. Group 2: Safety and Certification - The equipment adheres to IEC Ex explosion-proof certification standards, and the project successfully passed dual HAZOP analysis by a third-party certification body and the Australian client, ensuring the safety of the process and control systems [8]. - Haidilisen has also achieved GEMS energy efficiency certification for its domestic explosion-proof motors, facilitating the entry of domestic core equipment into international markets [8]. Group 3: Design and Innovation - The self-developed equipment utilizes European standard container design, meets IP54 protection level, and employs finite element methods to ensure compliance with local Australian standards regarding seismic, wind, and lifting loads [11]. - The company emphasizes its commitment to innovation and global cooperation, aiming to enhance its research capabilities and international service levels in the hydrogen equipment sector [13].

Core Viewpoint - The article emphasizes the significance of Sustainable Aviation Fuel (SAF) in achieving net-zero emissions in the aviation industry by 2050, highlighting the role of various global policies and market potential for SAF [3][6][9]. Policy Development - The development of the SAF industry is heavily influenced by government policies, with many countries implementing mandatory blending requirements and supportive measures to promote SAF [6][9]. - The European Union, UK, Norway, and Sweden have established clear pathways for mandatory SAF blending ratios, with the EU and UK set to implement these policies by 2025 [6][9]. Market Potential - According to IATA, 65% of the net-zero emissions contribution in aviation is expected to come from SAF, indicating a substantial market opportunity for the SAF sector [3][6]. - The global demand for SAF is projected to reach 6.3 million tons by 2025 and 18.35 million tons by 2030, driven by the implementation of mandatory blending policies [9][10]. Specific Policies - Various countries have set specific targets for SAF blending, such as: - The EU aims for a blending ratio of at least 2% by 2025, increasing to 6% by 2030 and 70% by 2050 [9]. - The UK plans to require a minimum of 10% SAF in aviation fuel by 2030, with a long-term goal of 75% by 2050 [8][9]. - The US targets an annual SAF production of 3 billion gallons by 2030 and 35 billion gallons by 2050 [8]. Conclusion - The article outlines the critical role of SAF in the aviation industry's transition to sustainability, driven by regulatory frameworks and market dynamics that are expected to shape the future of aviation fuel consumption [3][6][9].

"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 势银研究： 势银产业研究服务 重要会议： 2025势银绿氢产业大会（7月16-17日，江苏·无锡） 点此报名 添加文末微信，加 绿氢 群 近日，国家能源局发布《中国氢能发展报告（2025）》，进一步强调氢能的能源属性，并点明2025年 发展重点涵盖政策、技术、标准、消纳等方面，具体内容包括"推动氢能产业政策接续发力"、"研究新 能源发电就近消纳价格机制"、"开展低成本宽负荷电解水制氢等关键技术攻关"、"强化行业标准基础 性及引领性作用"、"积极推进清洁低碳氢在冶金、合成氨、合成甲醇、炼化等行业实现规模化应用"。 今年一季度，多维度信号表明我国绿氢产业迎来规模化发展的关键转折点。 本文将基于最新研究数 据，探寻该现象的原因。 01 最新数据洞察：一季度电解槽需求规模爆发，项目推进提速 从制氢设备供需规模来看， 据势银（TrendBank）统计，2025年1-3月，国内发布电解槽招标信息22项 （详见下表），招标规模超578MW ，其中"中煤鄂尔多斯能源化工有限公司10万吨液态阳光项目"制 氢设备需求规模达到216MW，将由阳光氢 ...