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 article emphasizes the rapid growth and development of the hydrogen energy industry, particularly focusing on green hydrogen projects and the increasing scale of electrolyzer bids in the first quarter of 2025, which saw a significant increase compared to previous years [4][9][11]. Group 1: Electrolyzer Industry Dynamics - The article discusses the dynamics of various electrolyzer technologies, including ALK, PEM, and AEM, highlighting their respective developments and market trends [6]. - In the first quarter of 2025, the public bidding scale for electrolyzers reached 482.83 million, showing a substantial increase compared to previous years [10][11]. - The number of new projects in the green hydrogen sector reached 788, with a notable increase in project initiation and bidding activities [9][11]. Group 2: Green Hydrogen Projects and Downstream Consumption - There are currently 788 domestic green hydrogen projects, with a significant increase in the number of new projects and updates in the first quarter of 2025 [9]. - The article notes that the scale of electrolyzer bids in the first quarter of 2025 grew over 58 times compared to the same period in the previous year [9][10]. - Major projects such as the Shaanxi hydrogen procurement project and the China Coal 100,000-ton project are driving demand in the market [11]. Group 3: Fuel Cell Industry Dynamics - The fuel cell market saw a total installed capacity of 47.6 MW in the first quarter of 2025, with Oriental Hydrogen leading the market with a share of 30.5% [13][17]. - The top five companies in the fuel cell sector have a high market concentration of 74.0%, indicating a competitive landscape [17]. - The article highlights various vehicle types that Oriental Hydrogen has successfully demonstrated, including logistics vehicles and heavy-duty trucks [17].