电力设备及新能源行业周报：突破氢能产业新技术，拓展氢能应用新场景

Investment Rating - The industry maintains a "stronger than market" rating, indicating expected performance above the market average over the next six months [27]. Core Insights - The hydrogen energy industry is experiencing continuous development due to favorable policies, with an increase in electrolyzer bidding projects and investment in hydrogen production [22]. - The report highlights the importance of improving hydrogen infrastructure and developing a comprehensive hydrogen energy system, suggesting a focus on companies involved in electrolyzer bidding, hydrogen production, and hydrogen vehicle applications [22]. Summary by Sections 1. Hydrogen Industry Market Performance - As of October 11, 2024, the hydrogen energy index closed at 1590.11 points, with a weekly decline of 5.62% and a year-to-date decline of 8.69% [4][5]. - The hydrogen energy index ranks 62nd among the Shenwan secondary industry rankings, a decrease of 3 places from the previous week [4]. 2. Hydrogen Industry Data Review 2.1 Electrolyzer Data Review - By October 11, 2024, there have been 33 cumulative electrolyzer bidding projects in China, primarily involving alkaline and PEM types [9]. - The Xinjiang Junrui Wensu large-scale green hydrogen project is expected to significantly reduce CO2 emissions and promote local employment [9]. 2.2 FCV Related Data Review - In September, 161 fuel cell vehicles (FCVs) were produced, a decrease of 69.51% month-on-month, while cumulative production reached 4188 units, a year-on-year increase of 40.58% [12]. - The report emphasizes the need for increased R&D in hydrogen vehicles to support the development of a green transportation system [12]. 3. Industry Dynamics and Company Updates 3.1 Industry Dynamics - The first industrial-scale offshore wind power hydrogen production demonstration project in Asia has been successfully completed [16]. - The National Energy Group's Hami Energy Integrated Innovation Base project has officially commenced, with a total investment of 170 billion yuan [16]. - The first hydrogen liquefaction system in China, capable of producing 5 tons per day, has been launched [16]. 3.2 Company Dynamics - Yuanjing Hydrogen Energy Technology has obtained a patent for a system that couples urban reclaimed water with electrolysis for hydrogen production [20]. - Wolong Yingnaide has released China's first megawatt-level AEM water electrolysis hydrogen production equipment [20]. 4. Key Recommendations - The report recommends focusing on companies involved in electrolyzer bidding, hydrogen production, and hydrogen vehicle applications due to the ongoing supportive policies and market developments [22].