国氢科技：氢能“独角兽” 引领PEM制氢加速前行

Group 1 - The green hydrogen industry in China is transitioning from demonstration exploration to commercial application by 2025, with several large-scale projects accelerating their implementation [1] - State Power Investment Corporation Hydrogen Technology Development Co., Ltd. (referred to as "Guohydrogen Technology") has been a pioneer in the domestic PEM electrolysis technology since 2018, leading advancements in the industry [1] - In June 2025, Guohydrogen Technology launched the largest single PEM hydrogen production equipment in China, "Hydrogen Surge Zhuohan 4000," which enhances the large-scale production process of PEM hydrogen equipment [1] Group 2 - By December 2025, the cumulative shipment of "Hydrogen Surge" PEM hydrogen production equipment is expected to rank first in China, with nearly 100,000 hours of commercial operation for megawatt-level electrolysis cells [2] - The market price of PEM hydrogen production equipment has decreased by over 60% in the past three years, making its lifecycle cost comparable to alkaline electrolysis equipment [2] - In 2025, over 20 green hydrogen projects utilizing PEM technology are anticipated, with annual order volume increasing by more than three times compared to 2024, indicating a rapid release of market demand [2]