China Hydrogen Update CW 14/2023

03.04.2023 / Yiting Shang
On March 29, Zhongke Fuhai Cryo Company (Fullcryo) held a press conference for publishing their new equipment "5 tons/day hydrogen cryo liquefication container". This equipment is designed by the Institute of Physics and Chemistry of the Chinese Academy of Sciences and manufactured by Zhongke Fuhai Company. The equipment is financially support by the program “Production, Storage and Transportation of Liquid Hydrogen” from the Ministry of Science and Technology of China. The two institutes cooperate in this program will continuously working on increasing the capacity of such equipment.

On March 29, the government of Guangzhou Huangpu District published a new subsidy plan related to hydrogen industry in 2023. Hydrogen refueling stations are the first part who benefit from the subsidy plan. Stations with a daily capacity of more than 500 kg will receive this subsidy. The amount of the subsidy is determined by the scale, ranging from 70,000 to 360,000 dollars. Another part of this project is the loan interest subsidy for hydrogen enterprises. 50% of interest will be subsidized up to 720,000 dollars per year. Source

On March 28, China's first hydrogen price index in national level was released at the China Hydrogen Energy Exhibition Forum 2023. The price index is published in two different perspectives: production side and consumption side. The production side index is relatively stable, it shows that the national average level remains at about 5$/kg in 2022. The consumption-side index shows a downward trend in 2022, and the national average level drops from 8,7$/kg to about 8$/kg in 2022. Source

On March 28, Yusen Logistics (JP) officially launched the first FCV transportation project in China. This makes Yusen Logistics the first logistics company in China which introduces fuel cell vehicles for their transport service. This project is currently mainly launched in Shanghai and surrounding urban circles. Source:

On March 25, the national R&D project of hydrogen storage in solid form was first launched in Guangzhou and Kunming at the same time. This project serves the energy storage of photovoltaic power generation. The method of this technology is to make hydrogen atoms to be attached to the pores of the alloy. Hydrogen gas will be released when the temperature is raised. The stored hydrogen will be used to generate electricity along with the solar system.

Delphi P2X/Hydrogen Dashboard

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