I. Policy Review: Hydrogen Policy Developments
(I) Domestic Policies
National Development and Reform Commission (NDRC):"Industry Scope List for Infrastructure Real Estate Investment Trusts (REITs) Projects (2025 Edition)." According to the List, the energy infrastructure sector, in addition to the original clean energy projects such as wind power, PV, and ESS, has added a new application category for "clean, low-carbon, flexible, and efficient coal-fired power generation projects." It explicitly states that three types of eligible coal-fired power generation projects can participate in REITs applications, with one of the core conditions being the co-firing of low-carbon fuels such as biomass, hydrogen, and ammonia, where the heat proportion from co-firing is not less than 10%. This policy adjustment combines hydrogen applications with mechanisms for revitalizing existing assets, providing a capital market support pathway for traditional coal power enterprises to achieve low-carbon transformation through hydrogen retrofitting.
Guangzhou Municipal Development and Reform Commission:"Notice on Organizing the Application for the Second Batch of Fuel Cell Vehicle Demonstration Operation Subsidies under the 2025 Hydrogen Industry Development Fund." According to the notice, the subsidy standards are as follows: Light-duty hydrogen fuel cell vehicles(with a total mass of less than 4.5 mt) are eligible for an operational subsidy of up to 0.5 yuan per kilometer traveled within each calendar year, with distances less than 1 kilometer calculated as 1 kilometer. The maximum annual subsidy per vehicle is 20,000 yuan. Medium-duty hydrogen fuel cell vehicles(with a total mass of 4.5 mt or more but less than 12 mt) are eligible for an operational subsidy of up to 1.0 yuan per kilometer traveled within each calendar year, with distances less than 1 kilometer calculated as 1 kilometer. The maximum annual subsidy per vehicle is 40,000 yuan. Heavy-duty hydrogen fuel cell vehicles(with a total mass of 12 mt or more) are eligible for an operational subsidy of up to 2.5 yuan per kilometer traveled within each calendar year, with distances less than 1 kilometer calculated as 1 kilometer. The maximum annual subsidy per vehicle is 100,000 yuan. The calculation period for mileage is from October 1, 2025, to November 27, 2025.
(II) Overseas Developments
European Commission:On December 1, the European Commission officially released the second list of Projects of Common Interest (PCI) and Projects of Mutual Interest (PMI) for cross-border energy, which includes 235 projects, 100 of which are related to hydrogen and electrolysis.
Spain:On November 28, the Spanish Ministry for Ecological Transition and the Demographic Challenge (MITECO) officially announced on November 28, 2025, that it will provide 126.4 million euros in funding through the "Auctions-as-a-Service" (AaaS) mechanism to two green hydrogen projects totaling 160MW. This marks the first time Spain has launched a national-level AaaS mechanism, aimed at providing "backup" support for high-quality projects that did not receive funding in the second round of auctions under the European Hydrogen Bank (EHB).
UK: On December 1, BP officially announced the withdrawal of the H2Teesside project, one of the UK's largest blue hydrogen projects, which was planned to be built in the Teesside area of northeastern England. The project was originally intended to produce 1 GW of blue hydrogen annually with supporting carbon capture facilities, but failed due to the loss of core customers, uncontrolled costs, and land use conflicts (the plot was reassigned for a data center).
II. Enterprise Dynamics: Project Signings and Technical Cooperation
(I) Project Intelligence
Hongjing Chuangneng IoT Technology (Guangzhou) Co., Ltd.:Public tender announcement for the procurement of a batch of hydrogen fuel cell semi-trailer tractors and hydrogen fuel cell dump trucks. According to the tender announcement, the project involves the procurement of a total of 250 units of hydrogen fuel cell semi-trailer tractors and hydrogen fuel cell dump trucks, with a total tender budget of 258 million yuan. Section 1: Hydrogen fuel cell semi-trailer tractor (car model one), quantity 150 units, tender budget of 150 million yuan (tax inclusive); Section 2: Hydrogen fuel cell semi-trailer tractor (car model two), quantity 50 units, tender budget of 54 million yuan (tax inclusive); Section 3: Hydrogen fuel cell dump truck (car model three), quantity 50 units, tender budget of 54 million yuan (tax inclusive).
Guangzhou Development District Jiaotou Hydrogen Operation Management Co., Ltd.: The project qualification review work announcement was released for the procurement of methanol online hydrogen production and refueling integrated equipment and facilities for the Guangzhou Development District Dongpeng Avenue Hydrogen Refueling Station project. The bid inviter is Guangzhou Development District Jiaotou Hydrogen Operation Management Co., Ltd. Guangdong Chuangneng Technology Co., Ltd., Shaanxi Hydrogen Future Energy Technology Co., Ltd., Guangdong Lanshi Ammonia Hydrogen Energy Equipment Co., Ltd., and Chongqing Naide Energy Equipment Co., Ltd. all passed the qualification review.
Anhui Hydrogen Cycle Energy Technology Co., Ltd.: The "Huainan Hydrogen Cycle Hydrogen Production, Refueling, and Filling Integrated Comprehensive Energy Demonstration Station" of Anhui Hydrogen Cycle Energy Technology Co., Ltd., a subsidiary of Beijing Hydrogen Cycle Energy Technology Co., Ltd., officially commenced construction. It is understood that the project is expected to be put into operation in H1 2026, with a daily production capacity of 3 mt of high-purity hydrogen, simultaneous operation of a 60-bar DC fast charging pile and a 90m³ gasoline tank, and an annual carbon reduction of approximately 12,000 mt.
Sinopec Star Xinjiang Green Hydrogen Energy Co., Ltd.: Sinopec Star Xinjiang Green Hydrogen Energy Co., Ltd. issued a tender announcement for Section 1 (Framework Agreement) of the design framework services for the chemical plant equipment and auxiliary supporting facilities of the Xinjiang Green Hydrogen Company's green hydrogen plant from 2025 to 2027. The project construction site is located in Kuqa City, Aksu Prefecture, Xinjiang Uygur Autonomous Region, and the tender content covers design services for the green hydrogen chemical plant equipment and auxiliary supporting facilities.
Inner Mongolia Huadian Huameng Pipeline Co., Ltd.: A tender announcement was issued for the safety monitoring system of the Daomao Banner to Baotou City hydrogen long-distance pipeline project. The bid inviter is Inner Mongolia Huadian Huameng Pipeline Co., Ltd., and the project is self-funded. The tender content includes information and communication system equipment and accessories - safety monitoring system, high and low voltage switchgear equipment, power station centralized monitoring related systems, communication equipment and accessories, etc.
China National Pipeline Network Group Engineering Technology Innovation Co., Ltd.: On December 1, China National Pipeline Network Group Engineering Technology Innovation Co., Ltd. issued a tender announcement for the feasibility study consulting service project of the Chifeng-Jinzhou hydrogen energy transmission pipeline. According to the tender announcement, the Chifeng-Jinzhou hydrogen energy transmission pipeline project involves parallel laying of a hydrogen pipeline and a methanol/liquid ammonia pipeline. The starting gas source is in Yuanbaoshan District, Chifeng City, Inner Mongolia Autonomous Region, and the endpoint is Jinzhou Port in Jinzhou City. The single pipeline route is approximately 320 km long. The hydrogen pipeline has a diameter of 0.61 m, a design pressure of 6.3 MPa, and a design transmission capacity of 450,000 mt/year. The methanol/liquid ammonia pipeline has a diameter of 0.457 m, a design pressure of 6.3 MPa, and a design transmission capacity of 5 million mt/year. One initial station, one pigging station, and one terminal station are set up along the pipeline route, along with 17 valve chambers.
(II) Enterprise Dynamics
CSSC Shanghai Merchant Ship Design and Research Institute: The first domestically built 41,000 m³ ammonia dual-fuel LPG/liquid ammonia carrier, independently researched and designed for Tianjin Xinan Shipping Co., Ltd., commenced construction at CSSC Huangpu Wenchong Shipbuilding Co., Ltd. witnessed by all parties.
CRRC: The international standard IEC 63341-3:2025 "Railway applications - Hydrogen and fuel cell systems for rail vehicles - Performance test methods for fuel cell power generation systems," developed under its leadership, was officially released by the International Electrotechnical Commission (IEC).
Refire Group: At the "2025 CSSC Hydrogen Energy Day" event held in Handan, Hebei, Refire Group officially signed a cooperation development agreement for marine fuel cell systems with Wuhan Hydrogen Energy and Fuel Cell Industry Technology Research Institute Co., Ltd.
Beijing Zhongxin Hydrogen Pu Energy Technology Co., Ltd.: Beijing Zhongxin Hydrogen Pu Energy Technology Co., Ltd. was established with a registered capital of 1 million yuan and legal representative Zhang Haitao. Shareholder information shows that the company is jointly held by Beijing Zhongxin Hengyuan Energy Technology Co., Ltd. (60% stake), Wu Weihua (15% stake), Bao Yanxiang (15% stake), and Beijing Hydrogen Pu Chuangneng Technology Co., Ltd. (10% stake).
Zhejiang Lianhe Hydrogen Energy Group: The Management Committee of Bengbu Economic Development Zone in Anhui and Zhejiang Lianhe Hydrogen Energy Group formally signed a strategic cooperation agreement, jointly launching the Huaihe Hydrogen Port, Hydrogen Energy Data Center, and Hydrogen Energy Joint Factory projects.
III. Technological Advancements: Breakthroughs in Efficiency and Cost
(I) Progress in Hydrogen Production, Storage, and Transportation
Beijing Hydrogen Energy Innovation Center:At the "Hydrogen Heart, Peer Cooperation, Creating and Winning the Future" achievements release conference of the Beijing Hydrogen Energy Innovation Center, the center unveiled its R&D achievements in the forward-designed integrated hydrogen-electric chassis for heavy-duty trucks. The version 2.0 heavy-duty truck project achieved a hydrogen consumption of 7.1 kg per 100 kilometers under plain operating conditions, and the vehicle supports flash charging, with refueling completed in 10-15 minutes.
CIMC ENRIC:The product of the 38.7 m³ Type II tube bundle container project, developed by its Shijiazhuang ENRIC Gas Machinery Co., Ltd., successfully rolled off the production line.
Chinese Academy of Sciences:A new technology for shotcreting ultra-high performance concrete (SUHPC), jointly developed by CCCC Second Harbor Engineering Co., Ltd. and the Wuhan Institute of Rock and Soil Mechanics of the Chinese Academy of Sciences, was successfully applied in the initial tunnel support project of China's first rock cavern hydrogen energy storage system - the Daye Rock Cavern Hydrogen Energy Storage System in Hubei Province.
Foshan Xianhu Laboratory:The industry's first "zero-carbon ammonia-fueled aluminum billet heating furnace" for aluminum extrusion production was launched at Foshan Xianhu Laboratory. This equipment enables zero-carbon operation in the aluminum processing heating stage, marking a significant step forward in the green transformation of China's aluminum processing industry.
Shougang Group Co., Ltd.:Successfully developed a full series of hydrogen transmission pipeline steels (B/X42/X52/X60/X65MH), breaking through six key technical bottlenecks such as hydrogen embrittlement damage and low-temperature toughness, and forming a relatively complete product matrix for hydrogen transmission pipeline steels.
Bao Shun Shun (Qinhuangdao) Steel Pipe Co., Ltd.:Successfully trial-produced multiple specifications of "longitudinal submerged arc welded pipes" (D610x12.7/14.3mm, material/X60MH) for pure hydrogen transportation.
SPIC Central Research Institute:The hydrogen storage and transportation team of the Advanced Low-Carbon Institute developed a large-diameter (DN150), high-pressure (10MPa) non-metallic flexible hydrogen transmission pipeline, which successfully achieved safe and stable operation for 30 days on a test platform.
(II) Fuel Cell Technology/Product Developments
South China University of Technology:The team led by Chen Yu discovered a Ce₀.₆Ni₀.₂Cu₀.₂O₂ nanocatalyst with a heterogeneous structure, contributing to high-performance direct methanol protonic ceramic fuel cells.
Wuhan University of Technology:Professor Tang Haolin's team collaborated with Professor Jin Huanyu from the Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences. They proposed a strategy of "coupling electron-withdrawing groups to enhance proton delocalization," which reduces the proton delocalization energy barrier in perfluorosulfonimide-biphenyl* acid (PFSI-BPA) membranes through molecular structure design, achieving synergistic improvement in efficient proton conduction and thermal stability, and this was confirmed through a combination of in-situ measurements and theoretical calculations.
Xi'an University of Architecture and Technology:By meticulously designing the structure in titanium dioxide electrolyte and leveraging the synergy between polystyrene sphere templates and lithium-based electrodes, the team successfully induced an "in-situ structural transformation" within the battery, ultimately forming a stable lithium-titanium-oxygen-carbon heterostructure.
Qingneng Co., Ltd.:Launched a 3MW fuel cell power generation system applicable for backup power scenarios in data centers.
CIMC Enric:Its subsidiary Jingmen Hongtu Company saw its first marine methanol supply skid successfully pass certification from the China Classification Society, obtaining the CCS product certificate.
Hydrogen Green Motion New Energy (Wuhan) Co., Ltd.:A miniature garden sprinkler vehicle, equipped with a hydrogen internal combustion engine 2.0T power system and a built-in miniature PEM hydrogen production device.
