China plans massive clean hydrogen deployment – BNEF

Rapid growth in electrolyser market as Chinese companies race to show compliance with government’s carbon-neutrality target

Large industrial companies in China are planning massive clean hydrogen projects on a scale unheard of anywhere else in the world—and to an extent that surprised the authors of research firm BloombergNEF’s newly released H2 2021 Hydrogen Market Outlook. “Deployments and plans for deployments in China are going through the roof,” says Martin Tengler, BNEF’s lead hydrogen analyst. The surprise regarding China’s rise to prominence is because the country has no national hydrogen policy, although it does have a 2060 net-neutrality target, announced on 22 September 2020. What is happening in China right now is revolutionary for clean hydrogen” Tengler, BNEF  “What is happening in China rig