而东部地区依托燃料电池汽车示范应用和"氢进万家"等工作，积极布局技术研发和产业应用，逐步打造 产学研用一体化发展、大中小企业并存、产业链相对完整、创新能力较强的氢能产业集群。 徐继林介绍，2024年燃料电池汽车示范应用稳步推进，各地建成加氢站超540座，推广燃料电池汽车约 2.4万辆；京津冀、上海、广东、郑州、河北五个区域累计推广燃料电池汽车超过1.5万辆。 同时，氢能发展还面临着多重问题和挑战。徐继林表示，整体来看，全球氢能产业仍处于发展初期，与 传统能源和风光等新能源相比：一是项目经济性仍有差距。规模化可再生能源制氢项目规划数量快速增 长，但相关技术工艺和建设运营水平较传统技术路线仍有不足，可再生能源制氢项目落地实施和多元化 场景探索较为缓慢。二是技术成熟度存在短板。氢能部分技术和场景离商业化推广应用还有差距，对产 业突破经济性瓶颈仍有掣肘。三是标准规范需进一步完善。氢能相关标准在与配套政策协同、与产业发 展同步、落地应用推广和国际化等方面还需进一步提升。 2025年，我国将加快推进氢能领域重大技术装备研制和应用示范，促进"制储输用"全产业链发展，进一 步完善氢能产业生态、优化产业发展环境，为"十五五"时 ...

国家能源局28日上午举行新闻发布会，介绍《中国氢能发展报告》相关情况。 京城机电股份(00187)、国富氢能(02582)、国鸿氢能(09663)、亿华通(02402)、重塑能源（02570）、中 集安瑞科(03899)、潍柴动力（02338）、中国重汽（03808）、中国旭阳集团(01907)。 国家能源局举行例行新闻发布会，能源节约和科技装备司副司长徐继林在会上介绍，我国高度重视氢能 产业发展，通过加强顶层设计，制定产业政策，积极推动氢能技术创新，各地也有序探索氢能产业发展 和项目落地模式。 截至2024年底，全国各地累计发布氢能专项政策超560项，22个省级行政区将氢能写入政府工作报告， 因地制宜推进氢能产业布局。下一步，国家能源局将会同相关部门积极发挥氢能产业发展部际协调机制 作用，推动地方结合自身基础条件科学合理布局氢能产业，实现产业健康有序发展。 国金证券发布研报称，FCV首次12月单月负增长，全年上险功率持续增长，行业高功率化趋势显著。 2025年是氢能中长期规划的结算时点，氢能及燃料电池行业将进入放量冲刺期，燃料电池汽车及绿氢项 目落地将加速，氢能和燃料电池制造是目前的两条主线。 氢能产业链相 ...

国家能源局：我国高度重视氢能产业发展 各地有序探索氢能产业发展和项目落地模式 智通财经4月28日电，国家能源局举行例行新闻发布会，能源节约和科技装备司副司长徐继林在会上介 绍，我国高度重视氢能产业发展，通过加强顶层设计，制定产业政策，积极推动氢能技术创新，各地也 有序探索氢能产业发展和项目落地模式。截至2024年底，全国各地累计发布氢能专项政策超560项，22 个省级行政区将氢能写入政府工作报告，因地制宜推进氢能产业布局。下一步，国家能源局将会同相关 部门积极发挥氢能产业发展部际协调机制作用，推动地方结合自身基础条件科学合理布局氢能产业，实 现产业健康有序发展。 ...

Investment Rating - The report maintains a "Buy" rating for the hydrogen and fuel cell industry [5] Core Insights - The hydrogen and fuel cell industry is experiencing significant growth, with a notable increase in fuel cell system installations and vehicle registrations, driven by strong policy support and market demand [5][39] - The integration of system suppliers and automotive manufacturers is becoming a trend, enhancing sales channels and collaboration within the industry [2][5] - The green hydrogen sector is seeing a surge in demonstration projects and bidding activities, indicating a robust pipeline for future growth [4][39] Summary by Sections Fuel Cell System Installations - In February 2025, the installed capacity of fuel cell systems reached 26.88 MW, a year-on-year increase of 269.3% [9] - Cumulatively, from January to February 2025, the total installed capacity was 40.84 MW, reflecting a 4% decrease year-on-year due to seasonal fluctuations [9] Vehicle Registrations - In February 2025, the number of registered fuel cell vehicles was 288, marking a 433% increase year-on-year, although production and sales figures showed a decline [15] - Cumulatively, from January to February 2025, the total number of registered vehicles was 415, a slight increase of 1% year-on-year [15] Leading Companies - Hyundai Hydrogen Energy led the monthly installation of fuel cell systems in February 2025 with 9.4 MW, accounting for 35% of the market [2][18] - In terms of vehicle registrations, Hyundai also ranked first with 144 units in February 2025, representing 50% of the total [26] Demonstration Projects - The Guangdong demonstration city cluster showed the highest vehicle deployment in February 2025, with 144 units, all from Shenzhen [3][29] - The green hydrogen sector is witnessing a significant increase in project bidding, with approximately 620 MW of projects tendered in early 2025, an eightfold increase year-on-year [4][39] Market Trends - The report highlights a trend towards closer collaboration between system suppliers and automotive manufacturers, which is expected to enhance market dynamics and efficiency [2][5] - The average bidding price for electrolyzers has decreased significantly, with alkaline electrolyzers averaging 0.84 yuan per watt, indicating a trend towards cost reduction in hydrogen production [5][39]