Di Yi Cai Jing·2026-02-08 10:33Core Viewpoint - State-owned enterprises in China are intensifying their focus on the hydrogen energy sector, transitioning it from a secondary business to a core strategic area, thereby accelerating the establishment of a comprehensive industrial ecosystem covering technology research, engineering applications, and market consumption [1][2]. Group 1: Company Developments - Jilin Electric Power Co., now known as State Power Investment Corporation Green Energy Co., has rebranded to focus on "new energy+" and green hydrogen energy, managing assets exceeding 100 billion yuan by the end of 2025 [1]. - The company aims to provide integrated solutions for investment, construction, operation management, production supply, and market sales in the hydrogen sector, marking its role as a global platform for green hydrogen energy [1]. - International cooperation is progressing, with a memorandum of understanding signed with South Korean companies for green ammonia procurement during a high-level visit [1]. Group 2: Industry Trends - Similar strategic upgrades are observed across state-owned enterprises, with China Energy Engineering Group establishing a specialized hydrogen energy engineering and consulting platform to facilitate the transition of hydrogen technology from laboratory to large-scale application [2]. - The National Energy Group has created a hydrogen energy division, becoming the first among the five major power generation groups to establish a dedicated department for hydrogen energy [2]. - The focus on addressing key challenges in the hydrogen industry, such as high production costs and limited application scenarios, is evident, with companies forming partnerships to innovate in hydrogen storage and transportation [2][3]. Group 3: Market Outlook - The hydrogen energy industry in China is entering a critical phase of problem-solving and addressing shortcomings, with state-owned enterprises bringing in capital and resources while fostering specialized market mechanisms [3]. - The strategic importance of hydrogen energy is underscored by national policies, which emphasize its role in building a clean, low-carbon, and efficient energy system [3]. - According to the "China Hydrogen Development Report (2025)," China's hydrogen production and consumption scale is expected to exceed 36.5 million tons in 2024, maintaining its position as the world's largest consumer [4].