内容概要：电解槽作为电化学工业核心设备，通过电化学反应实现物质分解或合成，广泛应用于氯碱、 冶炼、水处理及绿氢制备等领域。近年来，国家将氢能纳入国家能源体系，出台多项政策支持电解槽技 术创新与市场拓展，为其发展提供制度保障。随着"双碳"战略推进，绿氢制备成为电解槽需求增长最快 领域，截至2024年底中国规划绿氢项目超700个，对应电解槽需求143GW。产能上，2024年我国电解槽 总产能达47.7GW/年，2025年有望突破58GW。货量方面，虽2024年出货量有所回落，但随着绿氢项目 落地及海外需求增长，2025年有望翻倍。价格上，各技术路线产品价格均有回落。招标市场近三年爆发 式增长。中国电解槽行业正高速发展，未来企业需通过技术差异化、标准化认证及全球化布局构建竞争 优势，以应对行业洗牌与"双碳"目标下的长期机遇。 相关企业：中船（邯郸）派瑞氢能科技有限公司、西安隆基氢能科技有限公司、考克利尔竞立（苏州） 氢能科技有限公司、阳光氢能科技有限公司、上海氢器时代科技有限公司、长春绿动氢能科技有限公 司、三一氢能有限公司、天津市大陆制氢设备有限公司、北京中电丰业技术开发有限公司、苏州青骐骥 科技（集团）有限公司 ...

Report Industry Investment Rating No relevant content provided. Core Views of the Report - The hydrogen energy sector is a key focus in the platinum market. Platinum is a crucial catalyst in proton exchange membrane technology, while palladium is used in hydrogen purification but has low technology penetration due to high costs [1][2][63]. - The hydrogen energy industry is currently in a bottleneck period, facing challenges in technology, cost, safety, and infrastructure. These factors limit the growth of downstream hydrogen demand [2][26]. - By 2030, platinum demand in the hydrogen energy sector is expected to reach around 5.53 tons. In the next 5 years, this demand will remain small and unlikely to impact the overall platinum supply - demand balance. The growth of platinum demand is slower than expected due to the decline in fuel - cell vehicle sales, and proton exchange membrane electrolyzers may surpass fuel - cell vehicles as the main application scenario for platinum demand in the hydrogen energy sector [2][59][60]. Summary by Directory 1. Tracing the Origins: Physical and Chemical Properties of Platinum and Palladium and Their Applications in the Hydrogen Energy Industry - In 2024, global platinum demand in hydrogen - related fields was only about 44 thousand ounces, accounting for 0.53% of the total demand. There is no separate statistical data for palladium in the hydrogen - related field [6]. - Platinum is mainly used in hydrogen production and utilization, while palladium is mainly used in the purification stage of hydrogen production [10]. - Platinum is a catalyst material for proton exchange membranes. Proton exchange membranes are widely used in hydrogen production and utilization. Platinum has high catalytic activity and acid - resistance stability, making it suitable for this role [12][18][19]. - Palladium can selectively permeate hydrogen and is used in hydrogen purification. However, due to high costs, the palladium membrane method has low penetration compared to the PSA method [20][21][25]. 2. A Long Road Ahead: Analysis of the Hydrogen Energy Industry Development - **Current situation**: Electrolytic water hydrogen production is growing rapidly, but fuel - cell vehicles, the main application of hydrogen fuel cells, are facing difficulties in promotion, with a decline in new promotion numbers [2][27]. - **Advantages**: Hydrogen energy has excellent coupling with renewable energy, which can solve the mismatch between renewable energy power generation and power consumption [29][30]. - **Policy differences**: China views the hydrogen energy industry as an important means to achieve the dual - carbon goal. Japan and South Korea focus on fuel - cell vehicles, while EU countries represented by Germany emphasize environmental protection and energy supply [2][34][36]. - **Bottlenecks**: The hydrogen energy industry is restricted by technology, cost, safety, and infrastructure, which limit the growth of downstream hydrogen demand [2][26][38]. 3. Long - Term Strategy: Estimation of Platinum and Palladium Demand in the Hydrogen Energy Industry - **Single consumption of core applications**: In fuel - cell vehicles, the estimated platinum consumption per passenger car is about 25 grams, and per commercial vehicle is about 65 grams. For proton exchange membrane electrolyzers, the estimated platinum consumption per megawatt is about 700 grams. Reducing platinum loading is a major research direction in the proton exchange membrane industry [42][43][44]. - **Development prediction of related fields**: For proton exchange membrane electrolyzers, the maximum installed capacity of announced projects is about 520GW, but after excluding early - stage projects, the maximum installed capacity from 2025 - 2030 is 225GW. It is predicted that by 2030, the new installed capacity of proton exchange membrane electrolyzers will have a compound annual growth rate of 44% - 56%. For proton exchange membrane fuel cells, considering infrastructure challenges, it is predicted that by 2030, fuel - cell commercial vehicle sales will have a small compound annual decline of 1% - 5%, and passenger vehicle sales will have a larger decline of 23% - 27% [48][50][54]. - **Prediction results**: By 2030, platinum demand in the hydrogen energy sector is expected to reach around 5.53 tons. In the next 5 years, this demand will be small, the growth rate is slower than expected, and proton exchange membrane electrolyzers may become the main application scenario for platinum demand [59][60][61].

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].