Estimated annual hydrogen energy demand in my country (million tons) Source: Debon Institute
On November 29, the concept of hydrogen energy heated up again. Wind data showed that the hydrogen energy concept index rose in early trading, and eventually closed down 0.03%. Among individual stocks, KMT Qi led the gains, and many stocks such as Power Source, Antai Technology, and Houpe shares followed the gains. In terms of stage performance, the index has risen by more than 8% in the past 20 days, and it has risen by more than 34% during the year.
Under the “dual carbon” vision, the hydrogen energy industry is ushering in a period of strategic opportunities for rapid development. Relevant listed companies are also actively deploying around the various opportunities bred up and down in the industry chain. Recently, China Energy Construction announced that it plans to invest 5 billion yuan to establish a wholly-owned subsidiary, China Energy Construction Hydrogen Energy in Daxing District, Beijing. The business scope includes hydrogen production, hydrogen storage, hydrogen energy application scenario development, as well as the research and development, application and sales of hydrogen fuel cells, hydrogen internal combustion engines, hydrogen gas turbine technologies and related facilities and equipment. The company stated that the establishment of a wholly-owned subsidiary is aimed at coordinating the development of hydrogen energy business, creating a full hydrogen energy industry chain and an integrated development platform, and strengthening and expanding the hydrogen energy industry. The previous day, SAIC Motor announced that it plans to build JieHydrogen into an independent hydrogen energy and hydrogen fuel cell business listing platform, and further increase the investment in core technology of hydrogen energy and hydrogen fuel cell business through spin-off and listing.
On the news, the “Fourteenth Five-Year Development Plan for Comprehensive Transportation Services” issued by the Ministry of Transport on November 18 proposes to vigorously develop clean transportation equipment. Promote the clean, low-carbon, and efficient development of transportation energy and power systems, and optimize transportation energy structure. Accelerate the planning, layout and construction of infrastructure such as charging, replacement, and hydrogenation. In addition, since the beginning of this year, many provinces and cities including Shandong, Jiangsu, Hebei, Beijing, Shanghai and other provinces have successively introduced hydrogen energy industry development plans and implementation plans, and formulated specific construction goals. Among them, Shanghai has put forward the goal of achieving a scale of 100 billion yuan in output value of hydrogen refueling stations and the promotion of 10,000 hydrogen-fueled vehicles by 2023. Since November, cities such as Wuhan, Chengdu, Zibo, and Shijiazhuang have successively added purchase orders for hydrogen buses.
The policy is favorable to superimpose the long-term development potential of the industry, and the hydrogen production, storage and transportation and application fields in the hydrogen energy industry chain are expected to usher in rapid development. Galaxy Securities believes that under the current policy guidance, the prospects for the development of hydrogen energy are promising. A number of blockbuster documents have been issued successively this year, proposing prospects for the development of hydrogen energy. The “14th Five-Year” hydrogen energy industry plan has been released in many places, and the future hydrogen energy infrastructure construction has been laid out. Different policies all reflect the strong support for the industry.
Debon Securities Research Report pointed out that according to the China Hydrogen Energy Alliance, my country’s hydrogen demand will reach 35 million tons by 2030, accounting for 5% of the final energy system; by 2050, the demand is expected to reach 60 million Tons (equivalent to 292.68% in 2020), accounting for 10% of the final energy system, and the industrial chain output value reaches 12 trillion yuan/year. Among them, the transportation sector uses 24.58 million tons of hydrogen, accounting for about 19% of the energy consumption in this sector.
Under the guidance of the goal of “carbon peak and carbon neutrality”, hydrogen fuel cell vehicles, as one of the important technical routes of new energy vehicles, are also the main application scenarios of hydrogen energy at the current stage. Ping An Securities predicts that by 2050, hydrogen energy will account for 10% of my country’s total energy. On the supply side, my country’s current hydrogen production is about 20 million to 30 million tons. Assuming that 10% of hydrogen is used in hydrogen energy fields such as hydrogen fuel cells, the current hydrogen consumption in the hydrogen energy vehicle industry is about 2 million to 3 million tons, there is huge room for growth before 2050. This means that as a long-term coexistence and complementary technology route with electric vehicles, the hydrogen energy industry chain is expected to form a “duplex” market pattern with the lithium battery industry chain.
□Reporting by reporter Gao Wei in BeijingReturn to Sohu to see more
Disclaimer: The opinions of this article only represent the author himself. Sohu is an information publishing platform. Sohu only provides information storage space services.