Core Viewpoint - The hydrogen energy industry is experiencing significant growth, with a focus on green hydrogen projects and the need for national policy support to drive development towards 2025 [9][10]. Group 1: Industry Dynamics - The National Development and Reform Commission is establishing a "carrier-level" national venture capital guidance fund, expected to attract nearly 1 trillion yuan in social capital, focusing on cutting-edge fields including hydrogen energy [7]. - 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 [8]. - The hydrogen energy industry standards are gradually improving, with the National Energy Administration releasing a guideline for energy industry standards focusing on hydrogen production, storage, transportation, and fuel cells [9]. Group 2: Green Hydrogen Projects - There are currently 788 domestic green hydrogen projects, with the scale of electrolyzer public bidding in Q1 2025 increasing by over 58 times compared to the same period last year [10]. - The total public bidding scale for electrolyzers in Q1 2025 reached 482.825 MW, indicating substantial growth in project demand [11]. Group 3: Fuel Cell Industry - In Q1 2025, the installed capacity of fuel cells reached 47.6 MW, with Oriental Hydrogen leading the market with a share of 30.5% [13][14]. - The top five companies in the fuel cell market have a high concentration rate of 74.0%, indicating a competitive landscape [12][13].

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 procurement in China, indicating a significant market opportunity for stakeholders in this sector [3][8][10]. Group 1: Industry Dynamics - The hydrogen energy research team at TrendBank closely monitors industry trends, analyzing aspects such as hydrogen production, storage, transportation, and utilization [3]. - The monthly report delivery is scheduled between the 10th and 15th of the following month, provided in PDF format [4]. Group 2: Green Hydrogen Projects - As of 2025 Q1, there are a total of 788 green hydrogen projects in China, with a significant increase in the scale of electrolyzer procurement, which grew over 58 times compared to the same period last year [8]. - In the first quarter of 2025, 78 new projects were added, with 125 updates on existing projects, indicating active development in the sector [8]. Group 3: Electrolyzer Procurement - The publicly announced procurement scale for electrolyzers in Q1 2025 reached approximately 482.83 MW, showing a substantial increase compared to previous years [9][10]. - Major projects contributing to this growth include large-scale initiatives such as the Shaanxi hydrogen procurement project and the China Coal 100,000-ton project [10]. Group 4: Fuel Cell Industry - In Q1 2025, the total installed capacity of fuel cells was 47.6 MW, with Oriental Hydrogen leading the market with a share of 30.5%, followed by Rongcheng Hydrogen and Guohua Technology [12][16]. - The top five companies in the fuel cell market have a high concentration rate of 74.0%, indicating a competitive landscape [16]. Group 5: Project Orders and Deliveries - In February 2025, 50 units of 10.5-meter large buses were delivered to the Qingyang Public Transport Company, marking a significant order in the hydrogen vehicle sector [19]. - The total number of buses delivered by Oriental Hydrogen to Qingyang has reached 100 units, showcasing the company's growing presence in the hydrogen vehicle market [19].