China’s hydrogen strategy yields results
A number of projects have emerged in the northwestern region of Ningxia, which has good renewable energy resources
China’s release of its first national plan to develop the hydrogen economy six months ago has added momentum to the industry, with projects accelerating in a number of regions. In March, China’s hydrogen strategy called for the fuel to be “an important backbone for the nation’s energy transition”. Annual investment in the domestic hydrogen sector topped RMB310bn ($44.7bn) last year, according to an industry report published this summer. China had more than 2,000 hydrogen-related companies at the end of last year, with around 150 of them listed on domestic stock exchanges, according to state media. Some 43 of the 97 state-owned enterprises (SOEs) managed by China’s central government are acti
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