Sinopec is one of the firms driving electrolyser growth
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
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges
