海水制氢这事儿听起来挺科幻，但其实全球科研圈子早就在琢磨了。地球上七成面积是海水，资源多得用不完，大家都想从中搞出氢气来当清洁燃料，避免 烧石油煤炭那些老玩意儿。 问题在于，海水里杂质一大堆，盐分氯离子啥的，电解时容易腐蚀设备，还得先淡化，花钱花力气。过去几十年，好多国家团队试过，但大多卡在成本和效 率上。 丹麦和法国企业联手搞过项目，本想用氢气供暖，结果淡化环节太贵，效率低，企业资金链断裂，直接破产。这事儿让大家意识到，低成本才是王道，不然 商业化就遥遥无期。 中国这边，从上世纪末开始就跟进这块研究，但真正发力是近几年。谢和平院士领衔的团队，从物理力学和电化学角度切入，绕过传统淡化步骤，直接在海 水原位电解制氢。 2022年底，他们在Nature杂志上发了论文，介绍相变迁移技术，用浓氢氧化钾溶液和防水透气膜结合，把杂质隔开，海水直接变纯净水蒸气，然后电解出氢 气。 这不光省了淡化设备，还能在大海上用风电太阳能供电，一举多得。论文一出，国际上炸锅了，被评为中国科学十大进展之一。 国家电投也加入，联手建海洋绿氢项目，目标是破解高成本低能效问题，推动产业化。 到年底，中石化在青岛建了首个工厂化海水制氢项目，每小时 ...

Group 1: Report Overview - The report is about the analyst meeting of ST Thermoelectric, a company in the power industry, with a research date of August 27, 2025 [1][2] Group 2: Research Basic Information - The research object is ST Thermoelectric, belonging to the power industry, and the reception time is August 27, 2025. The listed company's reception personnel include the general manager Zhang Yongjun, independent director Zhang Ting, board secretary Guo Jing, and financial director Sun Hongmei [17] Group 3: Detailed Research Institutions - The research institutions mainly involve investors and others [20] Group 4: Main Content Question 1: Progress of the "One - Enterprise, One - Policy" Reform of the Controlling Shareholder - The controlling shareholder, Dalian Clean Energy Group Co., Ltd., was adjusted to a secondary enterprise under the management of Dalian State - owned Assets Operation Company in late May this year, and the state - owned assets operation company will restructure it. Future plans will be implemented in accordance with laws and regulations and information will be disclosed in a timely manner [24] Question 2: Measures to Turn Losses into Profits - The company will implement management plans, seek new profit - growth points, optimize heat source and pipeline network operation, strengthen raw material procurement management, and explore market - based means to enhance profitability [24][25][26] Question 3: Progress of Relying on the State - owned Assets Platform to Integrate Resources - Future plans will be implemented in accordance with laws and regulations and information will be disclosed in a timely manner [26] Question 4: Possibility of Injecting High - quality Assets from the Controlling Shareholder - The Dalian Constant - current Energy Storage Power Station and seawater hydrogen production industrial integration demonstration projects are the strategic layout of the controlling shareholder in the new energy field. Whether they will be included in the listed company requires further research and there is no clear plan yet [26] Question 5: Measures to Reduce Asset - Liability Ratio - In 2025, the company's asset - liability ratio in the first half of the year was 85.43%. The company will optimize operation processes, reduce procurement costs, and financial expenses to improve production efficiency and profitability, thereby reducing the asset - liability ratio [27] Question 6: Progress of Exploring Market - based Means - The company is in the early stage of demonstrating market - based means, and there is no specific plan or substantial progress yet. Future plans will be disclosed in accordance with regulations [28] Question 7: Possibility of Business Cooperation or Asset Integration with Dalian Rongke Energy Storage - As of now, there is no business or capital cooperation between the company and Rongke Energy Storage [28]

文、编辑 | 白 前言 当全球还在为石油定价权厮杀时，中国科学家悄然从海洋中劈开一条能源革命的血路，他们竟让海水直 接"燃烧"成了氢能！ 一群中国人破解了困扰世界半个世纪的终极难题，海水中的腐蚀性元素曾摧毁无数实验装置，如今却在 中国团队的电极材料前俯首称臣。更惊人的是，这项技术竟将制氢成本砍至每公斤20元以下，比一瓶奶 茶还便宜！ 中国三百万平方公里的海域瞬间化作"无限氢矿"，石油卡脖子时代或将终结。而西方巨头严防死守的氢 能专利墙，已被一脚踏碎。 当氢能成本跌破"白菜价"，全球能源霸权将如何崩塌？ 海水制氢 中国团队在"直接海水电解制氢"技术上，干出全球领先的成绩！别小看这个"制氢"二字，它可不是实验 室里点个火、吹个泡就行，而是动真格地卡住了人类能源转型的脖子。 很多人可能还不知道，海水制氢其实是全球科研圈几十年来的难题。为什么？因为海水里面不只有水， 还有一大堆"捣乱分子"，盐分、氯离子、杂质，这些玩意一旦参与反应，不但氢气纯度下降，还能把设 备腐蚀到报废。 说直白点，以前大家都想用海水搞清洁能源，但设备一上来，几天就锈成废铁，搞不下去。 以后别说被人"卡油脖子"，就算国际油价飙升，中国也能淡定："不 ...

内容概要：当前，中国海上制氢产业取得重要突破，正加速从示范验证向规模化商业应用转型，呈现多 维度突破的发展态势：在商业化应用方面，舟山氢能岛作为国内首个LOHC储运商业化项目已实现年产 5000吨氢的稳定运行；在技术创新领域，"海氢1号"全球首个深远海制氢平台即将试运行，其自主开发 的抗氯腐蚀技术达到国际领先水平；在产业链整合上，粤港澳氢走廊规划年产10万吨，致力于打造全球 首个集海上风电、制氢、管网输送于一体的全产业链示范工程。未来将通过技术迭代、场景拓展和产业 生态构建，实现从近海到远海的能源枢纽布局，最终形成全球领先的氢基能源网络。 上市企业：中国海油（600938.SH）、中国石化（600028.SH）、明阳智能（601615.SH）、深圳能源 （000027.SZ） 相关企业：国家能源投资集团有限责任公司、中国科学院大连化学物理研究所、烟台中集来福士海洋工 程有限公司、中国长江三峡集团有限公司、山东赛克赛斯氢能源有限公司、山东发展新能源有限公司 关键词：海水制氢、海上风电、电解槽、海水制氢产业链、海水制氢发展现状、海水制氢市场格局、海 水制氢发展趋势 一、海水制氢行业相关概述 海上制氢是指利用海洋环 ...