欢迎订阅 | 势银《中国氢能及燃料电池产业月度分析报告》

Core Viewpoint - The hydrogen energy industry is experiencing significant growth, driven by national policies and investments, with a focus on green hydrogen projects and technological advancements in hydrogen production and utilization [5][7][8]. Group 1: Electrolysis Water Hydrogen Production Industry Dynamics - The Chinese government is establishing a "carrier-level" national venture capital fund aimed at attracting nearly 1 trillion yuan in social capital, focusing on cutting-edge fields including hydrogen energy [5]. - Australia announced an investment of 750 million AUD (approximately 474 million USD) to support green mining and processing technologies, particularly hydrogen-based iron reduction technology [6]. Group 2: Green Hydrogen Projects and Downstream Consumption Dynamics - As of Q1 2025, there are 788 green hydrogen projects in China, with the scale of electrolysis cell bids increasing over 58 times compared to the same period last year [8]. - The total scale of publicly bid electrolysis cells in Q1 2025 reached 482.83 MW, indicating a substantial increase in project activity [9]. Group 3: Hydrogen Storage, Transportation & Refueling Station Industry Dynamics - The hydrogen energy industry is seeing a gradual improvement in standards, with the National Energy Administration releasing guidelines for energy industry standards, including those related to hydrogen production, storage, and fuel cells [7]. Group 4: Fuel Cell Industry Dynamics - In Q1 2025, the total installed capacity of fuel cells reached 47.6 MW, with Oriental Hydrogen leading the market with a 30.5% share, followed by Rongcheng Hydrogen and Guohua Technology [11][12]. - The top five companies in the fuel cell market have a high concentration rate of 74.0%, indicating a competitive landscape [11].