机构：我国氢能应用规模有望加速提升

Group 1 - Sichuan Province has issued a long-term development plan for the hydrogen energy industry, aiming for breakthroughs in high-end hydrogen equipment and key technologies by 2027, with a complete "production-storage-transportation-application" ecosystem [1] - The plan includes promoting over 4,000 hydrogen fuel cell vehicles and establishing 1-2 hydrogen rail transit demonstration lines, along with the construction of over 40 hydrogen refueling stations [1] - The comprehensive application cost of fuel cell commercial vehicles is targeted to be on par with similar fuel vehicles, positioning the industry’s strength and application scale among the top tier in the country [1] Group 2 - CITIC Securities highlights the value of hydrogen-based green energy driven by three main factors: mature technology, strong policy support, and promising economics, predicting a CAGR of 84% for green hydrogen demand from 2025 to 2030 [2] - The investment amount in hydrogen-based green fuels is estimated to reach 440 billion yuan, with a focus on suppliers of electrolyzers and biomass gasification furnace equipment [2] - The report emphasizes the importance of project location near fuel refueling ports and biomass-rich areas for clean energy operators [2] Group 3 - Zhongyin Securities identifies energy conservation and carbon reduction as core drivers for hydrogen energy development in China, with an expected increase in hydrogen application scale in industries like steel, refining, and ammonia synthesis [3] - By 2025, a standard system for the entire hydrogen energy chain is anticipated to be established, supporting the development of hydrogen energy in China [3] - The report recommends companies with cost and technology advantages in electrolyzer manufacturing, as well as those involved in green alcohol and green ammonia supply, due to the expected rise in hydrogen demand in industrial and shipping sectors [3]