The 2026 SMM Tier1 List was officially unveiled at the banquet of the CLNB 2026 (the 11th New Energy Industry Chain Expo) , organized by Shanghai Metals Market (SMM). This conference, held at Suzhou International Expo Center, China from April 8-10, 2026, served as the premier platform for advancing the global clean energy ecosystem. SMM Global Tier 1 Supplier Rankings In 2022, China's new energy industry chain accelerated its expansion, while overseas automakers and energy storage enterprises saw surging demand for Chinese supply chains. Coupled with information barriers caused by the pandemic, the international market urgently needed an objective and fair benchmark to bridge the two-way needs between Chinese enterprises going global and overseas clients optimizing their supply chains. Leveraging long-term data accumulation and professional research on the entire new energy industry chain, the SMM TIER 1 list emerged to meet this demand and was officially launched for the first time in 2023 . SMM Global Tier 1 Supplier Rankings , launched by SMM , serves as a global benchmark for the new energy industry. Centered on "transparent methodology + independent auditing," it incorporates third-party verification from institutions like Dun & Bradstreet and SGS to establish globally comparable industry standards. After years of refinement, the list now covers 10+ sub-sectors , including energy storage, lithium battery, and PV, etc., gaining widespread recognition from global industry chain clients. It has become a core reference for international market collaboration, serving as both a "golden benchmark" for industrial strength and a vital bridge for global resource alignment. 2026 SMM Global Tier 1 Supplier Rankings (The following enterprises are listed in no particular order) Analyst Views on Energy Storage Battery Cells Utility Storage Flourishes, Chinese Players Dominate BTM (Behind-the-Meter) Storage Storage Unlocks a Second Growth Curve for the Energy Storage Market Fast-Growing Enterprises Make Breakthrough, New and Established Players Jointly Form a Positive Market Landscape Representative Enterprises of Utility Energy Storage Battery Cell Contemporary Amperex Technology Co., Limited BYD Company Limited EVE Energy Co., Ltd. REPT Battero Energy Co., Ltd. Gotion High-tech Co., Ltd. Xiamen Hithium Energy Storage Technology Co., Ltd. CORNEX New Energy Co., Ltd. Zhejiang Narada Power Source Co., Ltd. CALB Technology Group Co., Ltd. Guangzhou Great Power Energy Technology Co., Ltd. SEVB Guangzhou Rongjie Energy Technology Co., Ltd. Jiangxi Ganfeng LiEnergy Technology Co., Ltd. Shenzhen Pengcheng Unlimited New Energy Co., Ltd. Envision Dynamics Technology(Jiangsu) Co., Ltd. SVOLT Energy Technology Co., Ltd. China Automotive New Energy Battery Technology Co., Ltd. Representative Companies for BTM (Behind-the-Meter) Storage Cells REPT Battero Energy Co., Ltd. Guangzhou Great Power Energy Technology Co., Ltd. EVE Energy Co., Ltd. Pylon Technologies Co., Ltd Xiamen Ampace Technology Co., Ltd. Gotion High-tech Co., Ltd. Representatives of Fast-Growing Battery Cell Enterprises Guangzhou Great Power Energy Technology Co., Ltd. Guoke Energy (Chuzhou) Co., Ltd. CORNEX New Energy Co., Ltd. China Automotive New Energy Battery Technology Co., Ltd. Analyst Views on Energy Storage Integration Grid-Forming Technology Consolidates the Foundation of New-Type Power Systems Power Generation and Grid Side Forge the Global Benchmark Echelon for Utility-Scale Energy Storage Integration Expansion of Behind-the-Meter (BTM) Scenarios Pioneer New Growth Space for Distributed Energy Storage Representative Enterprises of Grid-Forming ESS Technology Nanjing NR Electric Co., Ltd. Huawei Digital Power Technologies Co., Ltd. Sungrow Power Supply Co., Ltd. Xiamen Kehua Digital Energy Technology Co., Ltd. Power Generation and Grid-Side ESS Integrators Canadian Solar Inc. Xyz Storage Technology Corp. Ltd. RCT POWER Sungrow Power Supply Co., Ltd. Beijing HyperStrong Technology Co., Ltd. CRRC ZHUZHOU ELECTRIC LOCOMOTIVE RESEARCH INSTITUTE CO.,LTD. Envision Energy Co., Ltd. Risen Energy Co., Ltd. China Electric Equipment Group Energy Storage Technology Co., Ltd Guangzhou Zhiguang Electric Co., Ltd. BYD Energy Storage Co., Ltd. Huawei Digital Power Technologies Co., Ltd. Jinko Solar Co., Ltd. Sieyuan Electric Co., Ltd. Shanghai Robestec Energy Co., Ltd. Contemporary Amperex Technology Co., Limited Nanjing NR Protection Electric Co., Ltd. TrinaSolar Co., Ltd. Behind-the-Meter (BTM) ESS Integrators Weiheng Intelligent Technology Co., Ltd. Shanghai Hoenergy Power Technology Co. Ltd. Xi'an JD Energy Co., Ltd. Huawei Digital Power Technologies Co., Ltd. Fox Ess Co.,Ltd Sungrow Power Supply Co., Ltd. Shanghai Robestec Energy Co., Ltd. Sigenergy Technology Co., Ltd. Xiamen Ampace Technology Co., Ltd. Pylon Technologies Co., Ltd. Suzhou PotisEdge Co., Ltd. Wanbang Digital Energy Co., Ltd. Ningbo Deye Technology Co., Ltd. Shenzhen ATESS Power Technology Co., Ltd. Analyst Viws on PV Industry Technology Leadership, Global Benchmark Full-Chain Layout, Scale-Driven Leadership Inverter Suppliers Sungrow Power Supply Co., Ltd. Huawei Digital Power Technologies Co., Ltd. Zhuzhou CRRC Times Electric Co., Ltd. TBEA Co., Ltd. Shanghai Chint Power Systems Co., Ltd. Ginlong Technologies Co., Ltd. GoodWe Technologies Co., Ltd. Xiamen Kehua Digital Energy Technology Co., Ltd. Shenzhen Kstar Science & Technology Co., Ltd. Shandong Huadian Energy Saving Technology Co., Ltd. Beijing SOJO Electric Co., Ltd. SolaX Power Network Technology (Zhejiang) Co., Ltd. Sigenergy Technology Co., Ltd. PV Module Suppliers LONGi Green Energy Technology Co., Ltd. Jinko Solar Co., Ltd. TrinaSolar Co., Ltd. JA Solar Technology Co., Ltd. Tongwei Co., Ltd. Chint New Energy Technology Co., Ltd. GCL SI Technology Co., Ltd. Hengdian Group DMEGC Magnetics Co., Ltd. Canadian Solar Inc. TCL Zhonghuan Energy Technology (Jiangsu) Co., Ltd. Yingli Solar Energy Development Co., Ltd. Risen Energy Co., Ltd. Shanghai AIKO New Energy Co., Ltd. Suzhou Jolywood Solar Technology Co., Ltd. DAS Solar Energy Technology Co., Ltd. SolarSpace Ningbo Ulica Solar Co., Ltd. ZNShine PV-Tech Co., Ltd. AE Solar Solar Tracker Suppliers Jiangsu Guoqiang Xingsheng Energy Technology Co., Ltd. Arctech Solar Antai New Energy ESET Solar Trina Tracker VG Solar Array Technologies Antai New Energy Versol Solar Hangzhou Huading New Energy Co., Ltd. Analyst Views on Advanced Equipment Battery manufacturing equipment enterprises forge core process for lithium battery mass production Material manufacturing equipment manufacturers build a solid foundation for efficient production across the industry chain Battery Manufacturing Equipment Enterprises Wuxi Lead Intelligent Equipment Co., Ltd. Suzhou Maxwell Technologies Co., Ltd. Shenzhen Yinghe Technology Co., Ltd. Shenzhen S.C New Energy Technology Co., Ltd. Zhejiang Hangke Technology Co., Ltd. Wuxi Autowell Technology Co., Ltd. Guangdong Lyric Robot Automation Co., Ltd. Yingkou Jinchen Machinery Co., Ltd. Shenzhen Colibri Technologies Co., Ltd. Shenzhen Kstar Science & Technology Co., Ltd. Fujian Nebula Electronics Co., Ltd. Mikrouna (Shanghai) Intelligent Technology Ltd. Shenzhen Manst Technology Co., Ltd. Ningde Sike Qi Intelligent Equipment Technology Co., Ltd. Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. Shenzhen Geesun Intelligent Technology Co., Ltd. Material Manufacturing Equipment Enterprises Jiangsu Myande Energy-saving Evaporation Equipment Co., Ltd. Jiangsu Huahong Environmental Protection Equipment Co., Ltd. Hengli Eletek Co.,Ltd Enerpat (Jiangsu) Environmental Co., Ltd. Energy Digital Manufacturing (Xi'an) Technology Co., Ltd EFALI Pump Industry(Guangdong) Co.,Ltd Guangdong Yifu Intelligent Equipment Co., Ltd. Ningbo Kio Flow Instruments Co., Ltd. Shijiazhuang Dingwei Chemical Equipment Engineering Co., Ltd. Gaodao Sealing Technology (Suzhou) Co., Ltd. RIGHTLEDER (Shanghai) Technology Co., Ltd. Guizhou micro-chemical Technology Co., Ltd. Zhongyu (Tianjin) New Energy Technology Co., Ltd. Changzhou Primary Equipment Co., Ltd. Jiangxi RONT Environmental Protection Equipment Co., Ltd. Ningbo Souwest Magnetech Development Co., Ltd. Hebei Yanming Chemical Equipment Co., Ltd. Analyst Views on Iron Phosphate LFP Core Precursor, Cornerstone of the Lithium Battery Industry Chain Ammonium Process for Market Stability, Iron Process for Cost Reduction, Multiple Processes in Parallel Technology Iteration Drives Cost Reduction, Consolidating a Stable Supply Chain Foundation Representative Enterprises of the Ammonium Process Route Guangzhou Tinci Materials Technology Co., Ltd. Guizhou Hention New Energy Materials Co., Ltd. Guizhou Yayou New Materials Co., Ltd. Hubei Xingyou New Energy Technology Co., Ltd. CNGR Advanced Material Co., Ltd. Guizhou Phosphate Chemical New Energy Technology Co., Ltd. Hunan Yacheng New Energy Co., Ltd. Representative Enterprises of the Iron Process Route Shandong Tsaker New Material Co., Ltd. Yuntu New Energy Materials (Jingzhou) Co., Ltd. Tangshan Hengkun New Energy Materials Co., Ltd. Representative Enterprises of the Sodium Process Route Henan Baili New Energy Materials Co., Ltd. Tongling Nayuan Materials Technology Co., Ltd. Analyst Views on LFP The Dominant Material in Both Energy Storage and NEV Markets Leading Across Multiple Technology Routes, Chinese Enterprises Setting Global Benchmarks Supporting the Scaling and High-Quality Development of the New Energy Industry Representative Enterprises of the Iron Phosphate Process Hunan Yuneng New Energy Battery Materials Co., Ltd. Hubei Wanrun New Energy Technology Co., Ltd. Zhejiang Youshan New Material Technology Co., Ltd. Shandong Fengyuan Lithium Energy Technology Co., Ltd. Changzhou Liyuan New Energy Technology (LBM) Co., Ltd. Guizhou Anda Technology Energy Co., Ltd. Hubei Rongtong High-tech Advanced Materials Group Co., Ltd. Gotion High-tech Co., Ltd. Representative Enterprises of Ferrous Oxalate Method Fulin Precision Machining Co., Ltd. Hunan Pengbo New Material Co., Ltd. Representative Enterprises of Liquid-Phase Method Shenzhen Dynanonic Co., Ltd. Representative Enterprises of Iron Oxide Red Method Sichuan GCL Lithium Battery Technology Co., Ltd. Analyst Views in Ternary Cathode Core Material for High-End Power, Accelerating High-Nickel Technology Iteration Deepening Integrated Resource Layout, Leading Global Industry Direction Enabling Long Driving Range and High-End Upgrades for NEVs Representative Enterprises of Ternary Cathode Material Gansu Jinchuan Reshine New Material Co., Ltd. Tianjin B&M Science and Technology Co., Ltd. Ningbo Ronbay New Energy Technology Co., Ltd. Guangdong Brunp Recycling Technology Co., Ltd. Minmetals New Energy Materials (Hunan) Co., Ltd. Tianjin Guoan Mengguli New Materials Science&Technology Co., Ltd. Yibin Libao New Materials Co., Ltd. Analyst Views on Anode Materials Industry Leaders Drive Iteration More New Players Emerge Industry Upgrades Accelerate Anode Material Enterprises Tianmulake Excellent Anode Materials Co., Ltd. Lanxi Zed New Energy Materials Co., Ltd. Anhui Iametal New Energy Technology Co., Ltd. BTR New Material Group Co., Ltd. Shanghai Shanshan Technology Co., Ltd. Shijiazhuang Shangtai Technology Co., Ltd. Guangdong Kaijin New Energy Technology Co., Ltd. Hunan Zhongke Shinzoom Co., Ltd. Jiangxi Zichen Technology Co., Ltd. Shinghwa Advanced Material Technology (Meishan) Co., Ltd. Analyst Views on Solid-State Battery Industry Next-Generation Battery Technology, Semi-Solid-State Mass Production Accelerates Full Supply Chain Matrix Takes Initial Shape, Ushering in a New Era of Diversified Application Scenarios Representative Enterprises of Solid-State Battery Technology Contemporary Amperex Technology Co., Limited Qingtao (Kunshan) Energy Development Group Co., Ltd. Beijing WELION New Energy Technology Co., Ltd. China Automotive New Energy Battery Technology Co., Ltd. Zhejiang FunLithium New Energy Technology Co., Ltd. Hytzer New Energy (Changzhou) Co., Ltd. Representative Enterprises of Solid-State Electrolyte Shanghai Emperor of Cleaning Hi-Tech Co., Ltd. Liyang CASOL Energy Technology Co., Ltd Zhejiang FunLithium New Energy Technology Co., Ltd. LionGo (Changzhou) New Energy Co., Ltd. Guangzhou Tinci Materials Technology Co., Ltd. Analyst Views on Sodium-Ion Battery Industry An Emerging Force in Energy Storage and Low-Speed Mobility, with Prominent Cost Advantages Self-Controlled Entire Industry Chain, Scaled Capacity Release Forging a Globally Leading Sodium-Ion Battery Industry Landscape Representative Enterprises of Sodium-Ion Battery Cells Shanxi Huana Xinneng Technology Co., Ltd. Highstar Sodium Battery (Guangdong) Co., Ltd. Veken Technology.,Ltd. Jiangsu Pylon Battery Co., Ltd. Jiangsu Yingong Technology Co., Ltd. Shuangdeng Group Co., Ltd. Beijing Zhongke Hai Na Technology Co., Ltd. Chaowei Power Group Co., Ltd Representative Enterprises of Sodium-Ion Battery Anode Chengdu Best Technology Co., Ltd. Guangdong Rongna New Energy Technology Co., Ltd. Wuhan Tianna Technology Co., Ltd. Zhuhai Nagan New Energy Technology Co., Ltd. Hunan Nake New Materials Co., Ltd. Representative Enterprises of Sodium-Ion Battery Cathode Materials Ningbo Ronbay New Energy Technology Co., Ltd. Jiangsu Zoolnasm Energy Technology Co., Ltd. Shenzhen Jiana Energy Technology Co., Ltd. Xiamen Xingrong New Energy Technology Development Co., Ltd. Huzhou Yingna New Energy Materials Co., Ltd. Yibin Tianyuan Lithium Battery New Materials Co., Ltd. Anhui Xinna New Materials Technology Co., Ltd. Zhejiang NaTRIUM Energy Co., Ltd. Representative Enterprises of Sodium-Ion Battery Electrolyte Zhuhai Smoothway Electronic Materials Co., Ltd. LionGo (Changzhou) New Energy Co., Ltd. Huzhou Kunlun Power Battery Materials Co., Ltd. Analyst Views on Recycling Industry Core Carrier of Lithium Battery Green Recycling, Key Support for Dual-Carbon Strategy Full Value Chain Taking Shape, Integrated Leaders Driving Closed-Loop Development Facilitating Sustainable Development Across the Full Life Cycle of the Lithium Battery Industry Representative Enterprises in Lithium Battery Recycling Guangdong Brunp Recycling Technology Co., Ltd. Zhejiang Huayou Recycling Technology Co., Ltd. GEM Co., Ltd. Shenzhen Sunwoda Recycled Materials Co., Ltd. Anhui Nandu Huabo New Materials Technology Co., Ltd. Anhui Xunying New Energy Group Co., Ltd. Wuhan Power Battery Regeneration Technology Co., Ltd. Shenzhen Jiecheng New Energy Technology Co., Ltd. Anhui Hengchuangruineng Environmental Protection Technology Group Co., Ltd. Jiujiang Tinci Resource Recycling Technology Co., Ltd. Jiangxi Ganfeng Circular Technology Co., Ltd. Ganzhou Longkai Technology Co., Ltd. Shangrao Huanli Circular Technology Co., Ltd. Ganzhou Tengyuan Cobalt New Materials Co., Ltd. Zhejiang Tianneng New Materials Co., Ltd. Guangdong Fangyuan New Material Group Co., Ltd. Guizhou CNGR New Energy Technology Co., Ltd. Hunan Keyking Recycling Technology Co., Ltd. Shandong Meiduo Technology Co., Ltd. Anhui Nandu Huabo New Materials Technology Co., Ltd. Shanxi Yaxin Green Qingyuan Circular Technology Co., Ltd. Henan Zhongxin New Materials Co., Ltd. At the banquet on the first day of the CLNB 2026 (The 11th New Energy Industry Chain Expo), Zhengyong Huang, Deputy General Manager of the Iron Phosphate Division of Guangzhou Tinci Materials Technology Co., Ltd., and Liang Liu, Deputy General Manager of the Energy Storage Division of REPT Battero Energy Co., Ltd., took the stage to receive the awards on behalf of the award winning enterprises. Shirley Wang, Vice President of SMM, presented awards to the winners! SMM congratulates the above award-winning enterprises and thanks all industry peers for their support!

Liyuan Information's subsidiary Wuhan Xinyuan Semiconductor issued a price adjustment notice, stating that starting from May 6, 2026, Wuhan Xinyuan Semiconductor will implement a new pricing system for its entire product lineup, and all product prices will need to be renegotiated. Xinyuan Semiconductor stated that core upstream raw materials in the semiconductor industry chain, such as wafers and packaging & testing, have continued to rise recently, and industry capacity supply is tight. The original prices can no longer support subsequent capacity assurance and product delivery.

Capacity-wise, the domestic market for alkaline electrolyzers remains at 43.77GW, and the PEM electrolyzer market stays at 2.7GW, with no new capacity added. There was no public information on the delivery of water electrolysis hydrogen production equipment this week. Updates on electrolyzer projects: Capital Engineering & Research Incorporation Limited (CERI): Signed an engineering, procurement, and construction (EPC) contract worth approximately 2.95 billion yuan with Xinjiang Hengtai Green Energy Metal Casting Co., Ltd. for a project that includes solar PV and wind power generation to produce hydrogen for a 200,000 mt/year hydrogen-based shaft furnace, along with green high-purity precision casting. The first phase of the project involves constructing a 90,000 Nm³/h water electrolysis hydrogen production facility (using 30 sets of 3,000 Nm³/h alkaline electrolyzers), a 1.2 million mt/year hydrogen-heated chain grate rotary kiln oxidized pellet production facility, a 600,000 mt/year hydrogen-based shaft furnace direct reduced iron (DRI) production facility, and a 550,000 mt/year green high-purity precision casting production facility, including its supporting facilities. The second phase will add another 600,000 mt/year hydrogen-based shaft furnace DRI production facility, a 550,000 mt/year green high-purity precision casting production facility, and a 330,000 mt/year vanadium-titanium slag production facility. CEEC Green Hydrogen (Qianguoerluos Mongol Autonomous County) New Energy Development Co., Ltd.: The second phase (chemical part) of the CEEC Songyuan Hydrogen Industry Park (green hydrogen, ammonia, and methanol integration) project has successfully obtained approval. This phase plans to construct two 220,000 mt/year ammonia synthesis plants, equipped with 126,000 Nm³/h electrolyzer units, and a 42,000 Nm³/h air separation nitrogen production unit, with construction expected to start in April 2026. Hexi New Energy Co., Ltd.: Co-hosted a green hydrogen business cooperation signing ceremony with Tangshan New Energy Group Co., Ltd. in Tangshan. It is reported that under the joint application of Zhangjiakou, Chengde, and Tangshan cities, the Hebei Zhangchengtang Hydrogen Region Pilot Project has been successfully included in the first batch of national energy sector hydrogen pilot projects, becoming one of nine such regional pilots nationwide. The pilot will focus on the entire "production, storage, transportation, and utilization" chain of hydrogen, conducting systematic demonstrations. Jilin Electric Power Co., Ltd.: The Baotou Equipment Manufacturing Industrial Park Hydrogen Storage Industry Pilot Base Project has received approval. Construction site: Northern area of Baotou City - Qingshan District - Baotou City Qingshan District Equipment Manufacturing Industrial Park; Total investment: 107.55 million yuan, including 87.55 million yuan of own funds and 20 million yuan from other sources; Planned construction period: May 2026 to October 2027. According to reports, the project's construction scale includes building 4 pilot plants with a total floor area of 19,314 m². The base will house pilot plants for hydrogen energy and ESS, with hydrogen energy primarily comprising an alkaline electrolyzer test workshop, a PEM electrolyzer test workshop, and a high-pressure hydrogen storage cylinder test workshop. The project aims to establish an integrated hydrogen storage pilot base incorporating a hydrogen fuel cell system testing platform, a stack testing line, and PEM/alkaline electrolyzer testing lines. Baotou Qingheng Investment and Development Co., Ltd.: The Ulanqab 100,000 mt/year wind and solar power hydrogen production integrated project (hydrogen production plant section) completed its filing on December 29. The construction site is located in Shangdu County, Ulanqab City. The total project investment and self-owned funds both amount to 5.94 billion yuan, with a planned construction period from June 2024 to June 2026. It is reported that the project will mainly construct 25 new hydrogen production plants, each equipped with 8 sets of electrolyzers, totaling 200 sets of 1,000 Nm³/h alkaline electrolyzer water electrolysis hydrogen production units. Additionally, it will build one 6,000 cubic meter low-pressure buffer tank and approximately 47.6 km of reclaimed water transmission pipelines. Diaobingshan Huadian Clean Energy Co., Ltd.: The Huadian Diaobingshan wind power hydrogen production coupled with 100,000 mt green methanol demonstration project has made new progress. The project's water electrolysis hydrogen production purification system has released a tender announcement. It is reported that the total project investment reaches 3.945 billion yuan, with extensive construction content covering a 450 MW wind farm and transmission and transformation project, 295 MW hydrogen production and storage facilities, an 80 MW/80 MWh ESS power station, and a 100,000 mt/year methanol synthesis unit. Upon completion, the project is expected to annually produce 19,000 mt of green hydrogen and 100,000 mt of green methanol. The project officially commenced construction on September 21 this year. Previously, tenders for 12 sets of 250 Nm³/h PEM electrolyzers and a 295 MW hydrogen production power supply system were completed. This current tender is specifically for the 295 MW hydrogen production purification system. In terms of hydrogen production technology, the project's hydrogen production scale is 295 MW, utilizing a hybrid (ALK)+(PEM) configuration. Specifically, it will apply the 3,000 Nm³/h large power high-efficiency alkaline electrolyzer from the "Huadian Hydrogen Energy" product series, along with a 500 Nm³/h PEM water electrolysis hydrogen production unit. Jinta County Yue Shui Dian New Energy Co., Ltd.: The EPC general contracting tender for the Jinta Yue Shui Dian 7 MW PV off-grid hydrogen production, storage, and transmission integrated demonstration project recently announced the winning bid candidates. The top-ranked candidate is China Construction Third Engineering Bureau Second Construction Engineering Co., Ltd. (with its consortium member Luoyang Ruiz Petrochemical Engineering Co., Ltd.), with a winning bid price of 399.5062982 million yuan. It is reported that the project plans to establish a water electrolysis hydrogen production system, comprising one electrolyzer with a rated hydrogen production capacity of 1,000 Nm³/h, a separation and purification unit with a processing capacity of 1,000 Nm³/h, a hydrogen production power supply, a PLC control system, and other auxiliary equipment for hydrogen production. After purification treatment, the hydrogen purity will exceed 99.999%, with an average daily hydrogen production of approximately 500 kg. To match the hydrogen production scale, the project will select one compressor with an intake capacity of 500 Nm³/h and a spherical tank with a capacity of 2,000 m³ as hydrogen storage equipment, with an effective hydrogen storage capacity of about 1,960 kg. CGN (Inner Mongolia) New Energy Investment Co., Ltd. Otog Banner Branch: The 1.5 million kW wind and solar power hydrogen production integration project passed the preliminary review by the Inner Mongolia Autonomous Region Energy Bureau. The total project investment is 7.5 billion yuan, planning to construct 1 million kW of wind power, 500,000 kW of PV, supporting 225,000 kW / 900,000 kWh ESS, with an annual hydrogen production scale of 49,900 mt. After the project is put into operation, the annual power generation is expected to reach 3.3 billion kWh, saving about 1 million mt of standard coal annually and reducing carbon dioxide emissions by about 2.76 million mt. Bayannur Liyuan Alloy Material Co., Ltd.: The electrolytic water hydrogen production project in the Ganqimaodu Port Processing Park was filed. Construction location: Urad Middle Banner, Bayannur City; Total investment: 3.125 billion yuan, including self-owned funds: 937.5 million yuan, applying for bank loans: 2.1875 billion yuan; Planned construction period: May 2026 to May 2028. It is understood that the hydrogen production construction area of the project includes an electrolysis unit area, a hydrogen compression area, etc., and the hydrogen storage area includes hydrogen spherical tanks, liquid hydrogen spherical tanks, etc. Shaanxi Hydrogen Energy Luyuan Technology Co., Ltd.: The procurement tender announcement for the hydrogen production power supply device and auxiliary equipment of the Yulin Zero-Carbon Industrial Park Hydrogen Energy (Hydrogen Production) Demonstration Project was released. It is understood that the thyristor rectifier power supply includes: one thyristor rectifier cabinet (24-pulse) rated DC current 9,000 A, rated DC voltage 650 V set/unit; one thyristor rectifier cabinet (24-pulse) rated DC current 9,225 A, rated DC voltage 654 V set/unit. Each rectifier is equipped with one electrolyzer. IGBT rectifier power supply: 1 set, supporting one 1,000 standard cubic meter ALK electrolyzer (7.0 MWA). IGBT rectifier power supply: 1 set, supporting one 500 standard cubic meter PEM electrolyzer (4.5 MWA). Delivery period: Delivery before March 10, 2026. Inner Mongolia Huadian Tengger Green Energy Co., Ltd.: The high-tech industrial project for the Huadian Baotou Wind, Solar, Storage, and Hydrogen High-End Equipment Manufacturing Base (Phase I) industrial project submitted by the Baotou Intelligent Equipment Manufacturing Branch was filed. Construction location: Baotou Rare Earth High-Tech Zone, Baotou City; Total investment: 70,663.35 million yuan, including self-owned funds: 21,205.98 million yuan, applying for bank loans: 49,457.37 million yuan; Planned construction period: September 2025 to July 2030. According to reports, the Phase I project is planned to cover an area of approximately mu, focusing on high-end equipment manufacturing industries such as hydrogen energy, ESS, and recycling of decommissioned wind turbine blades. It will construct production facilities for industries including hydrogen energy and ESS environmental protection. Mongolia Wuhai Haifeng New Energy Co., Ltd.: The project filing for the photovoltaic station of the Inner Mongolia Wuhai Xilaifeng Wind and Solar Power Hydrogen Production Integration Demonstration Project was revoked. It is understood that the project previously planned to build a 100 MW PV power generation system, construct a new 220 kV booster station in the new energy field area, and establish a new 220 kV hydrogen production step-down station in the hydrogen production area. The new energy booster station will be connected to the hydrogen production 220 kV step-down station via a single-circuit 220 kV line to supply power to the hydrogen production station. The hydrogen production station will be connected to the Xilaifeng substation through a 110 kV line. The project adopted an integrated grid connection method to connect to the power grid, with an online capacity not exceeding 20%. Policy Review 1. The National Energy Administration issued the "Industrial Green Microgrid Construction and Application Guide (2026–2030)". The core content related to hydrogen energy in the document is as follows: Industrial green microgrids clearly include clean and low-carbon hydrogen production and utilization facilities, representing an integrated comprehensive energy system that incorporates hydrogen energy and other energy sources; Promote efficient multi-energy complementarity, coordinate hydrogen energy with solar, wind power, and other energy sources, and build a collaborative clean energy supply system for power and hydrogen supply; In terms of hydrogen production, orderly develop integrated "hydrogen production + hydrogen use" projects in regions rich in clean energy, and advance the large-scale purification of industrial by-product hydrogen; Regarding hydrogen storage and application, reasonably deploy diverse hydrogen storage, fuel cells, hydrogen internal combustion engines, and other facilities based on hydrogen sources and hydrogen load, encourage enterprises and industrial parks to pioneer and trial the green electricity–green hydrogen–green ammonia/green alcohol industry chain, explore distributed green ammonia production applications, and develop small skid-mounted, modular production units; In terms of technology and equipment R&D, promote the development and application of high-efficiency water electrolysis hydrogen production devices, high-efficiency fuel cell power generation facilities, and integrated flexible wind and solar power hydrogen production systems; In application scenarios, classify water electrolysis hydrogen production enterprises or industrial parks as large-scale adjustable application scenarios, specifying that water electrolysis hydrogen production systems can utilize wide-range regulation characteristics to quickly adjust operating loads while ensuring process safety, absorb peak renewable energy generation, and alleviate grid pressure. Previously, the General Office of the State Council had issued the "Manufacturing Industry Green and Low-Carbon Development Action Plan (2025–2027)". This "Guide" serves as a concrete implementation of that plan, focusing on energy conservation and carbon reduction goals in the industrial sector, and centering on the production, storage, application, and technological R&D of clean energy such as hydrogen energy, forming a policy synergy of "top-level plan + specific implementation guide", providing clear guidance for the large-scale and standardized development of the hydrogen energy industry in the industrial sector. 2. Inner Mongolia released the "Implementation Plan for the Development and Construction of Direct Green Electricity Connection Projects for Single Power Users in the Inner Mongolia Autonomous Region (Trial)". This implementation plan applies to the development and construction of direct green electricity connection projects for single power users in the Inner Mongolia Autonomous Region, including hydrogen-based green fuels. New hydrogen-based green fuel projects (green hydrogen, green hydrogen to green ammonia, green hydrogen to green methanol, green hydrogen to sustainable aviation fuel, etc.) can carry out direct green electricity connections. In principle, the project should be controlled by the same investment entity, operating as a market entity, and during the construction and operation period, it must be managed under the same legal person. It is also necessary to implement application scenarios and provide consumption agreements. 3. The European Commission approved a 4 billion euro special fund for electrolyzers, providing a 30% equipment cost subsidy for projects with a capacity ≥500MW/year, and setting a 2030 green hydrogen project electrolyzer efficiency target of ≥60% (LHV basis). Enterprise Dynamics Hubei Interly Electric Co., Ltd.: The ACME Oman National Green Ammonia Project, which Interly won, has entered an intensive delivery phase. The required hydrogen production power supply for the project is shipped in a skid-mounted container form, with a daily average of four to six sets being shipped, and is steadily advancing according to plan. Shaanxi Yulin Energy Group Co., Ltd.: Signed the "Strategic Cooperation Agreement for the Yulin Dingbian Comprehensive Energy Base Project" with the People's Government of Dingbian County at the Yulin People's Building. Both parties will jointly build a green and low-carbon comprehensive energy demonstration base around "wind and solar power, thermal storage, hydrogen, and solid waste comprehensive utilization", constructing a circular economy industry chain that integrates energy reserves, industrial coupling, and local consumption, to help optimize the regional energy structure and improve energy security levels. Weichai Power Technology Co., Ltd.: Participated in the 2026 International Consumer Electronics Show (CES) in Las Vegas, US, with its core product, a 200kW hydrogen fuel cell engine. Shaanxi Xurui Clean Energy Group Co., Ltd. : The joint party committee of the Han City Hydrogen Industry Chain was officially established. The meeting read out the guiding opinions on the pilot work of the industry chain party building and the approval for the establishment of the joint party committee, as well as the implementation plan, and presented the plaque to the office of the joint party committee. Representatives from the Bureau of Industry and Information Technology, Economic Development Zone, and Xurui Group Company made exchange speeches. China Huadian Corporation Ltd. Fujian Branch: Held a promotion meeting for the off-grid seawater hydrogen production technology demonstration project. The meeting emphasized that hydrogen energy has a large future development space and broad application prospects, serving as an important strategic direction for the company to cultivate and develop new quality productive forces and promote high-level scientific and technological self-reliance and strength. Jilin Electric Power Co., Ltd.: During the China-South Korea Business Cooperation Agreement Signing Ceremony held amid the high-level visit from South Korea to China, Jilin Electric Power Co., Ltd. formally signed the "Green Fuel Procurement Memorandum of Understanding" with representatives of South Korean clean energy enterprises. Patent Applications 1. Shanghai Institute of Ceramics, Chinese Academy of Sciences (China) disclosed patent CN2025110028, developing a ceramic-based anion exchange membrane with a laboratory test lifespan reaching 80,000 hours. 2. Johnson Matthey (UK) filed patent WO2025109876, disclosing a Fe-Ni-Mo ternary non-precious metal catalyst formulation with activity close to platinum-based materials. Technology Footprints/Technical Specifications 1. Research achievement by Liao Qiang's team at Chongqing University—an innovative design for the anode transport layer of PEM electrolyzers solves the bubble blockage problem under high current density. 1. The newly developed non-precious metal electrodes by Ansichuo New Energy exhibited outstanding electrochemical performance, achieving a hydrogen evolution overpotential of 180mV and an oxygen evolution overpotential of 245mV at 100mA·cm −2 , while maintaining over 70% energy conversion efficiency and 99.9% hydrogen purity. 2. The research group of Shi Le from the College of Environmental and Resource Sciences at Zhejiang University, in collaboration with the group of Professor Weng Xiaole and the group of Professor Bruce E. Logan from Pennsylvania State University in the US, made a breakthrough in distributed electrolytic hydrogen production from non-traditional water sources, with the main content being the use of water vapor electrolysis to directly produce green hydrogen from non-traditional water sources. 3. The relevant research team from the School of Electrical Engineering and the State Key Laboratory of Electrical Insulation and Electrical Materials at Xi'an Jiaotong University successfully developed a Ru/Ti/Ti 3 C 2 O x @NF bifunctional electrocatalyst for seawater electrolysis. 4. The group standard "Technical Specification for Green Hydrogen Production by Electrolysis Coupled with Wind and Solar Power and Energy Storage" (Number T/CIEP 0272—2025) was released and implemented by the China Industrial Environmental Protection Promotion Association. Zhongneng Dayou Energy Technology Co., Ltd. successfully developed a 100kW-level PEM electrolyzer hydrogen production multi-field coupling test equipment. 5. GKN Powder Metallurgy announced the development of a new generation of high-performance, high-porosity, high-purity porous transport layers (HP-PTL) for proton exchange membrane (PEM) electrolysis.

[Lopal: Plans to Invest 2 Billion Yuan in High-Performance Lithium Battery Cathode Material Project] Lopal announced that its subsidiary, Changzhou Liyuan New Energy Technology (LBM), intends to sign a cooperation agreement with the Management Committee of Jiangsu Jintan Hua Luogeng High-Tech Industrial Development Zone to invest in a high-performance lithium battery cathode material project. The total investment for the project is expected not to exceed 2 billion yuan. The project will be implemented by LBM's wholly-owned subsidiary, Liyuan (Jiangsu) Technology Co., Ltd., and will be constructed in two phases. The first phase is expected to build a capacity of 120,000 mt of LFP. The implementation of the project may involve risks such as project approval, construction progress, and investment amount.

Lopal disclosed an announcement regarding changes to the construction content of some raised capital investment projects. The "Large-Scale Production Project for Cathode Materials for NEV and ESS Batteries" originally planned to build production lines with an annual capacity of 150,000 mt of LFP cathode material, to be constructed in three phases. Currently, the first-phase project (capacity of 25,000 mt/year) and the second-phase project (capacity of 62,500 mt/year) have been completed. After prudent study, the company plans to change the capacity scale of the third-phase project from the originally planned 62,500 mt/year to 100,000 mt/year. Lopal's controlled subsidiary, Sichuan Liyuan, originally planned to build an annual capacity of 150,000 mt of LFP cathode material in Suining, Sichuan, with intended use of raised capital amounting to 1.29 billion yuan. As of November 30, 2025, the project had used raised capital of 733.3407 million yuan. The project's expected operational date was extended from the original May 2025 to May 2026.

The Heze Municipal Bureau of Ecology and Environment announced that the environmental impact assessment for Shandong Liyuan Technology Co., Ltd.'s 110,000 mt high-performance phosphate-based cathode material project has been accepted. The project is located in the Juancheng County Chemical Industry Park in Heze, invested and constructed by Shandong Liyuan under Lopal Technology, with a total investment of 1 billion yuan. The environmental assessment indicates that the 110,000 mt high-performance phosphate-based cathode material project is expected to occupy an additional area of approximately 33,867 m², and its production process is largely consistent with the main process of the previously built LFP cathode material project, with the main product being LFP powder. The Meishan Municipal Bureau of Ecology and Environment issued a notice on the acceptance of environmental impact assessment documents for construction projects, and the "Environmental Impact Report for the First Phase of the Sichuan Jinyuansheng New Energy Materials Co., Ltd. Annual Production of 100,000 mt Special-Grade Iron Phosphate Project and 100,000 mt Special-Grade LFP Project" has been accepted.