Group 1 - Egypt is launching the largest green hydrogen plant in the Middle East, covering an area of 127 square kilometers with a total investment of $17 billion and an annual production capacity of 400,000 tons of green hydrogen [1] - The new administrative capital of Egypt will feature the first skyscraper powered by green hydrogen, a 50-story building that integrates office and residential spaces, expected to start construction in the second half of 2025 and be completed by 2030 [1] - The skyscraper will utilize a hybrid power supply model combining green hydrogen and solar energy, with integrated photovoltaic panels expected to meet about 25% of its electricity needs [1] Group 2 - The Egyptian government has implemented several policies to promote the hydrogen industry, including prioritizing green hydrogen and green ammonia production, storage, and export as part of national economic development [2] - A new green hydrogen subsidy law was passed, offering tax reductions ranging from 33% to 55% and exemptions from VAT, stamp duty, and customs duties on imported raw materials and equipment [2] - By 2030, Egypt aims to achieve a green hydrogen production capacity of 1.5 million tons, increasing to 5.8 million tons by 2040, with 3.8 million tons designated for export, contributing nearly $18 billion to the GDP and creating over 100,000 jobs [2] Group 3 - International cooperation in Egypt's hydrogen sector has flourished, with companies like Abu Dhabi Future Energy Company, Norwegian energy firms, and TotalEnergies investing in green hydrogen and ammonia projects [3] - Chinese companies are also actively participating in Egypt's hydrogen projects, including a joint venture to build a 250 MW electrolysis system expected to produce 50,000 tons of green hydrogen annually by 2029 [3] - Experts highlight that Chinese investment and technological support are providing strong momentum for Egypt's green economy development, with expectations for further practical cooperation in the hydrogen sector [3]

Group 1 - Central enterprises are intensively investing in strategic emerging industries and future industries, with a total scale of 600 billion yuan for the newly established funds by China Guoxin [2] - China Guoxin has invested in over 300 projects with a total amount exceeding 120 billion yuan, with nearly 80% allocated to strategic emerging industries [2] - The establishment of the hydrogen energy industry chain venture capital fund by Sinopec marks the largest fund focused on hydrogen energy in China, with an initial scale of 5 billion yuan [3] Group 2 - Local state-owned capital is accelerating the construction of an innovation upgrade ecosystem, with China Pacific Insurance launching a 500 billion yuan fund [4] - The Shanghai leading industry mother fund has selected 17 sub-funds with a total investment amount of 41.5 billion yuan, indicating a leverage ratio of 5.82 times [4] - Various regions are adopting models such as guiding funds and cross-regional cooperation funds to attract capital and upgrade industries [4][5] Group 3 - The introduction of a fault tolerance mechanism is aimed at activating patient capital, addressing the reluctance of some state-owned funds to invest [6][7] - Local state-owned assets in Guangdong, Shanghai, and Jiangsu are innovating systems to encourage investment, allowing for 100% loss in certain projects [7] - The transformation of state-owned funds into true long-term and patient capital is supported by the implementation of loss tolerance and differentiated assessment systems [7]

Core Viewpoint - The National Energy Administration has initiated a pilot program for hydrogen energy in the energy sector, aiming to promote innovative management models and explore diversified development paths for the hydrogen industry, supporting the entire "production-storage-transportation-application" chain of hydrogen energy [1][2]. Group 1: Pilot Forms - The pilot program consists of two forms: project pilots and regional pilots. Project pilots focus on promoting advanced hydrogen technologies and key equipment, while regional pilots aim to establish cross-departmental collaboration mechanisms and management models [4][6]. Group 2: Pilot Directions - The pilot directions encompass four major areas: hydrogen production, storage and transportation, application, and common support, with a total of 11 specific pilot directions [8]. Hydrogen Production - Direction 1: Large-scale hydrogen production and integration, requiring a minimum electrolyzer capacity of 100 MW or gasification capacity of 20,000 standard cubic meters per hour [9]. - Direction 2: Advanced flexible off-grid hydrogen production, with a minimum electrolyzer capacity of 10 MW [10]. - Direction 3: Comprehensive development of clean low-carbon hydrogen, with hydrogen purification capacity not less than 5,000 standard cubic meters per hour [11]. Hydrogen Storage and Transportation - Direction 1: Large-scale, long-distance transportation, with liquid hydrogen plant capacity not less than 5 tons per day and pipeline length not less than 100 kilometers [12]. - Direction 2: High-density, diversified storage, with a minimum storage capacity of 20,000 standard cubic meters per project [13]. Hydrogen Application - Direction 1: Green replacement in refining and coal-to-oil gas processes, with renewable hydrogen replacement scale not less than 1,000 tons per year [14]. - Direction 2: Hydrogen and ammonia fuel for power supply, with gas turbine projects not less than 10 MW and coal boiler projects not less than 300 MW [15]. - Direction 3: Long-duration hydrogen storage, with a minimum power generation capacity of 1 MW and continuous generation duration of not less than 4 hours [16]. - Direction 4: Comprehensive applications in the energy sector, with fuel cell installations not less than 0.5 MW [17]. Common Support - Direction 1: Hydrogen energy verification platforms for key equipment and hydrogen quality management [18]. - Direction 2: Low-carbon transition pilot projects focusing on renewable hydrogen production, storage, and multi-energy complementarity [19]. Group 3: Pilot Timeline - The pilot program is outlined in the notification issued by the National Energy Administration on June 4, 2025 [21].

2025年是"十四五"规划的收官之年，也是"十五五"规划的谋划之年。 国家能源局能源节约和科技装备司副司长徐继林在4月例行新闻发布会上表示，国家能源局将持续推动 氢能产业政策接续发力，积极落实氢能纳入能源管理相关工作，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"时期氢能产业提质提速建立坚实的基础。 厦门大学中国能源政策研究院院长林伯强在接受21世纪经济报道记者采访时表示，氢能试点工作的全面 启动为行业提供了明确的政策导向，并将对氢能的未来规划与建设产生重要影响。从产业链的视角来 看，"制储输用"这四大核心领域涵盖了整个产业链的关键环节，而这些领域均面临着技术与经济方面的 挑战。 业内氢能专家向21世纪经济报道记者表示，中国氢能产业具备显著的比较优势。主要体现在两个方面： 一是成本优势突出，中国绿氢生产成本约为3—4美元/公斤，海外至少是6美元/公斤，更高可达超10美 元；二是发展动力更强，我国拥有大量可再生能源，特别是风电和光伏，当前绿电消纳面临电网接入和 市场化交易的限制，促使众多绿氢项目应运而生，作为绿电的下游出口渠道 ...

Core Viewpoint - The National Energy Administration of China has initiated a pilot program for hydrogen energy, aiming to innovate management models and explore diversified development paths for the hydrogen industry, supporting the entire hydrogen value chain from production to storage, transportation, and application [1][6]. Group 1: Pilot Program Details - The pilot program will include project and regional trials focusing on four main areas: hydrogen production, storage and transportation, application, and common support, with 11 specific directions outlined [4][6]. - In the hydrogen production direction, projects will be developed in areas rich in renewable resources, integrating hydrogen production with ammonia, alcohol, aviation fuel, and refining processes [4][5]. - For long-distance hydrogen transportation, various technologies will be tested to improve efficiency and reduce costs, including pipelines and liquid hydrogen transport, with specific capacity and distance requirements set [5][6]. Group 2: Implementation and Support - Projects are expected to be completed within three years, with priority given to those that meet certain criteria for long-term loans and support for major technological equipment [6]. - The National Energy Administration plans to promote successful pilot experiences nationwide, aiming to enhance the overall level of China's hydrogen industry [6][7]. - By 2024, China's hydrogen production and consumption scale is projected to exceed 36.5 million tons, making it the largest in the world, with a significant share of global renewable hydrogen production capacity [6][7]. Group 3: Market Response - Following the announcement of favorable policies, stocks of several hydrogen energy companies, including Yihuatong, saw price increases [8].

这项为期多年的研究项目将使可扩展的离网电源成为农村社区和军队的现实。 美国陆军研究办公室授予佐治亚理工学院及其合作伙伴2000万美元，用于开发可扩展的、有效的将铝转 化为氢能的方法。该项目可能会带来一种新的、低成本的、清洁的、高效的、由废弃材料提供动力的能 源。 George W. Woodruff机械工程学院教授、材料科学与工程学院教授、Eugene C. Gwaltney Jr.制造主席 Aaron Stebner将与战略能源研究所联邦倡议负责人Scott McWhorter一起监督佐治亚理工学院的多年工 作。 除了来自佐治亚理工学院的几名团队成员外，该项目还包括来自谷堡州立大学、21世纪伙伴关系、 MatSys和德雷塞尔大学的研究人员。 McWhorter说："铝能够与水——甚至是废水和径流水——发生反应，产生氢气、电力和热能。如果铝 能有效地转化为储存的能量，它可能会改变游戏规则。" 该团队的目标是试验铝的材料特性，这样它就可以被廉价地制造出来，从而产生一种高效的反应，产生 低成本、清洁的氢。 Stebner说："拥有这种能力将使军事基地减少对使用外部电网的依赖。他也是佐治亚制造人工智能项目 的联合主 ...

Core Viewpoint - The article emphasizes the upcoming development boom in the hydrogen energy sector, driven by new policies and pilot projects outlined by the National Energy Administration, focusing on green power and green chemicals as core areas for hydrogen development [2][3][4]. Policy Interpretation - **Support Policy 1**: Project pilots will promote advanced hydrogen technologies and key equipment, ensuring clear commercial models and significant carbon reduction effects. Central government funding for smart grid projects is approximately 960 million yuan, which can include hydrogen power projects [6]. - **Support Policy 2**: Encourages renewable energy consumption and hydrogen production during low electricity demand periods, aiming to reduce hydrogen production costs and improve energy efficiency [7]. - **Support Policy 3**: Local energy departments will enhance support for pilot projects, addressing cost management and safety, and promoting the replication of successful models [8]. - **Support Policy 4**: Eligible projects will receive priority for long-term loans and support for major technological equipment, facilitating the establishment of industry standards [9]. - **Support Policy 5**: The National Energy Administration will coordinate major issues faced by pilot projects, ensuring they are included in significant engineering project databases [10]. Pilot Directions - **Hydrogen Production**: Focus on large-scale hydrogen production using renewable energy sources, with specific requirements for electrolyzer capacity and operational flexibility [12][13][15]. - **Hydrogen Storage and Transportation**: Emphasizes the need for efficient long-distance hydrogen transport through pipelines and liquid hydrogen, with specific capacity requirements for transport vehicles and storage projects [16][18]. - **Hydrogen Applications**: Highlights the role of hydrogen in green chemical processes and energy supply, with specific targets for renewable hydrogen production and integration into existing energy systems [20][21][23][24]. Common Support - **Hydrogen Verification Platforms**: Establishes platforms for testing hydrogen equipment and quality management, supporting the development of industry standards [26][27]. - **Low-Carbon Transition Trials**: Focuses on integrating renewable hydrogen production and storage in various industrial applications, aiming for over 80% clean energy consumption in targeted areas [28].

国家能源局发布《关于组织开展能源领域氢能试点工作的通知》。 其中提到，国家能源局将遴选部分项目和区域开展氢能试点工作，进一步推动创新氢能管理模式，探索 氢能产业发展的多元化路径，形成可复制可推广的经验，支撑氢能"制储输用"全链条发展； 对符合条件的项目和区域试点优先纳入制造业中长期贷款、优先推荐纳入"两重""两新"等支持范围，相 关技术装备优先纳入能源领域首台重大技术装备。 支持依托试点项目，制定相关国家标准和行业标准，推动相关项目参与碳市场、绿证市场交易。 长江证券指出，鉴于我国持续颁布的氢能源利好政策，氢能产业持续发展。上游电解槽招标项目持续稳 定增多，制氢技术有所突破，制氢投资力度加大，建议关注参与电解槽招投标的公司；中游加快氢能输 用发展，持续建设氢能产线，建议关注具备输氢能力的企业；下游氢能探索多场景应用，促进氢能交通 推广，建议关注氢车应用领域的企业。 氢能产业链相关港股： 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)。 ...

国家能源局发布《关于组织开展能源领域氢能试点工作的通知》，其中提到，国家能源局将遴选部分项 目和区域开展氢能试点工作，进一步推动创新氢能管理模式，探索氢能产业发展的多元化路径，形成可 复制可推广的经验，支撑氢能"制储输用"全链条发展；对符合条件的项目和区域试点优先纳入制造业中 长期贷款、优先推荐纳入"两重""两新"等支持范围，相关技术装备优先纳入能源领域首台(套)重大技术 装备。支持依托试点项目，制定相关国家标准和行业标准，推动相关项目参与碳市场、绿证市场交易。 ...

试点方向： 文 | 国家能源局 6月10日，国家能源局官网印发了《 关于组织开展能源领域氢能试点工作的通知 》（国能综通 科技〔2025〕91号）。通知指出， 国家能源局将遴选部分项目和区域开展氢能试点工作，进一 步推动创新氢能管理模式，探索氢能产业发展的多元化路径，形成可复制可推广的经验，支撑氢 能"制储输用"全链条发展。 项目试点： 依托项目试点推动氢能先进技术与关键装备推广应用，支撑开展各类标准可行性和 有效性验证， 探索技术先进、模式清晰、可复制推广的项目开发方案。 项目试点由业主单位进 行申报，以单一试点方向为主。相关项目原则上应已完成核准、备案等工作，确保试点项目顺利 投运，商业模式清晰、成本效益明显、减碳效果突出，支持项目应用国家科技重大专项、国家重 点研发计划、首台（套）重大技术装备、能源领域研发创新平台等攻关成果，支撑打造技术装备 成果推广应用新场景、新模式、新机制，巩固提升氢能产业创新力、竞争力。 区域试点： 依托区域试点推动建立健全氢能跨部门协作机制和管理模式，探索创新可持续的绿 色价值实现机制，统筹衔接各类政策资源。 区域试点由牵头城市进行申报，覆盖城市不超过 3 个， 可统筹组织实施 ...