Bridgetown hydrogen energy storage industrial park is launched

How big is the hydrogen storage cylinder market in China?

The market size for vehicle-mounted hydrogen storage cylinders in China is expected to reach approximately 38 billion yuan ($5.23 billion) to 46 billion yuan between 2025 and 2030, said HEIPA, which is under the China Association for the Promotion of Industrial Development, a Beijing-based trade body.

How will China support the hydrogen energy industry this year?

China has released over 20 national-level policies to support the hydrogen energy industry this year, covering various areas such as standards development, technological innovation, infrastructure, demonstration and promotion, and equipment upgrades, said Wei Suo, head of HEIPA.

How big is the International Hydrogen Energy Valley?

The first phase of the International Hydrogen Energy Valley will occupy a1.55 square kilometer area and will be overseen by Lingang Group, Yicai Global learned at a conference held in Lingang yesterday.

Is China poised to experience a boom in hydrogen energy development?

China is poised to experience a boom in hydrogen energy development, driven by strong government policies and a rapid decline in renewable energy costs, according to industry experts.

How can China accelerate the development of the hydrogen sector?

China has prioritized expanding the use of hydrogen in transportation as a key strategy for accelerating the development of the hydrogen sector, rolling out a series of supportive policies, said the association.

How many hydrogen storage cylinders can a JV produce?

The JV plans to set up a production line with an annual production capacity of approximately 100,000 units of hydrogen storage cylinders, and the actual output will be gradually increased to achieve the highest production capacity, it said.