SMM News: As of March 20, 2026, the market price for Praseodymium-Neodymium (Pr-Nd) metal in China stabilized temporarily at 890,000–910,000 RMB/ton. This article utilizes the SMM Pr-Nd Terminal Demand Calculation Model to dissect the demand logic for 2026 across three core sectors—New Energy Vehicles (NEVs), Internal Combustion Engine (ICE) vehicles, and Wind Power—explaining the current supply-demand dilemma facing the NdFeB magnet and broader Pr-Nd markets.

Australia's large-scale solar and wind assets generated 5.0 TWh of clean energy in February 2026, an 11% year-on-year increase. New South Wales led total output, while Western Australia hosted the 'top-performing' individual assets by capacity factor, including the 100 MW Merredin Solar Farm (41.2%) and Warradarge wind farm (60.5%). Crucially, battery energy storage systems are rapidly scaling. Monthly grid discharges jumped 266% to 245 GWh, supported by an 8.2 GW utility battery pipeline. Meanwhile, New Zealand's utility solar and wind output grew 28% to 294 GWh.

EDP Renovaveis (EDPR) reported a 50% year-on-year increase in recurring net profit to €330 million for 2025, driven by a strategic pivot toward low-risk markets in the US and Europe. Recurring EBITDA rose 17% to €1.97 billion, beating its annual guidance. Despite robust operations—with generation up 11%—reported net income was weighed down by non-recurring charges, including impairments in Europe and the repowering of the Meadow Lake IV wind farm in the US. The company forecast a further EBITDA rise to €2.1 billion for 2026.

Danish manufacturer Vestas has received a firm order to supply 92 of its V236-15.0 MW turbines for RWE’s 1.4 GW Norfolk Vanguard West offshore wind farm in the UK. This milestone follows RWE’s success in the UK’s Contracts for Difference (CfD) Allocation Round 7 and its newly formed 50/50 joint venture with KKR to co-develop the multi-billion dollar project. Located 45 km off the Norfolk coast, the wind farm is expected to power 1.5 million British homes. With a final investment decision (FID) targeted for summer 2026, Vestas will also provide a five-year service agreement for the project, which is scheduled for commissioning in 2029

This week, Renexia, a developer in Italy's renewable energy sector, officially announced the successful deployment of an AXYS FLiDAR WindSentinel floating LiDAR system at the "Med Wind" floating wind farm site—the Strait of Sicily—which is under planning by CNOOC. The system will undertake a 12-month meteorological and oceanographic data measurement campaign, aiming to provide reliable and solid data support for this landmark project.

Capacity side, according to incomplete statistics, the domestic alkaline electrolyzer market maintained at 43.77 GW, and the PEM electrolyzer market maintained at 2.7 GW, with no new capacity added for the time being. No offline public delivery information was available this week. Electrolyzer project updates: Inner Mongolia Huadian Huayang Hydrogen Energy Technology Co., Ltd.: The tender announcement for the survey and design services of the wind, solar, energy storage, and hydrogen components of the Inner Mongolia Huadian Damao Banner 1,000 MW wind-solar-hydrogen integration project was released. It is understood that the project is located in Damao Banner, Inner Mongolia Autonomous Region. The project involves the construction of 1,000 MW of new energy power generation, comprising 700 MW of wind power and 300 MW of PV power. It includes the installation of 70 wind turbine generators with a unit capacity of 10 MW, 614,770 pieces of 610Wp half-cell bifacial N-type modules, two 220 kV booster stations and access roads, and the construction of one 100 MW/200 MWh LFP battery ESS power station. Additionally, it involves the construction of 88 sets of 1,000 Nm³/h water electrolysis hydrogen production units and supporting equipment, with an annual hydrogen production capacity of 547 million Nm³. The project includes 25 hydrogen spherical tanks of 2,000 cubic meters each, providing a hydrogen storage capacity of 650,000 Nm³, and the construction of one 220 kV hydrogen production main step-down station and other facilities and equipment. CECEP Green Hydrogen Ammonia New Energy (Songyuan) Co., Ltd.: Good news came from the CECCE Songyuan Hydrogen Energy Industrial Park (Green Hydrogen-Ammonia-Methanol Integration) project. Since its official commissioning on December 16, 2025, the project's cumulative green ammonia production has exceeded 10,000 mt. Zhonggu (Otog Front Banner) New Energy Co., Ltd. : The land pre-examination and site selection opinion certificate for the CECEE Otog Front Banner Wind-Solar-Hydrogen Integration Project was approved by the Ordos Municipal Bureau of Natural Resources. It is understood that the project is located in Chengchuan Town and Aolezhaoqi Town, Otog Front Banner, Ordos City, with a total investment of 1.1527 billion yuan and a total land area of 5.7253 hectares. The construction content involves a new wind farm area, which includes 48 wind turbine generators with a unit capacity of 6.25 MW, a new 220 kV booster station, and an access road. China Coal Pingshuo Group Co., Ltd. : The tender for the alkaline electrolyzer package equipment and ancillary facilities for the Phase I 600,000 kW off-grid renewable energy hydrogen production project in the coal mining subsidence area of China Coal Pingshuo Group (Green Hydrogen Coupling with Coal Chemical Industry section) was released. It is understood that this tender includes 12 × 1,200 Nm³/h alkaline electrolyzers, 3 × 4,800 Nm³/h gas-liquid separation systems, 3 × 4,800 Nm³/h gas purification systems, along with supporting electrical instruments and spare parts, etc. The supply scope covers the design, manufacturing, factory acceptance, supply packaging, shipment, and delivery on board the truck at the site for all equipment. The project adopts a primary and auxiliary supply model. Main Supply: Includes 8 alkaline electrolyzers of 1,200 Nm³/h each, collectively supporting 2 sets of gas-liquid separation systems (4,800 Nm³/h each), 2 sets of gas purification systems (4,800 Nm³/h each), and other auxiliary facilities. Auxiliary Supply: Includes 4 alkaline electrolyzers of 1,200 Nm³/h each, collectively supporting 1 set of gas-liquid separation system (4,800 Nm³/h), 1 set of gas purification system (4,800 Nm³/h), and other auxiliary facilities. Sikage (Hebei) Hydrogen Energy Technology Co., Ltd.: The Sikage Hydrogen Energy Ecosystem Chain Project (Phase I) 8,000 mt electrolytic water hydrogen production project has been filed. The project's main entity is Sikage (Hebei) Hydrogen Energy Technology Co., Ltd. (established on December 29, 2025). Construction Location: Anci District, Langfang City, Hebei Province. Technical Route: Electrolytic water hydrogen production, including alkaline electrolytic water hydrogen production, proton exchange membrane electrolytic water hydrogen production, and 10 MW solid oxide electrolytic water hydrogen production. The annual hydrogen production capacity is 8,000 mt. Phase I will construct 200 MW wind power generation and ESS green electricity direct connection (off-grid type), achieving green hydrogen production from green electricity. Hebei Haite Weiye Petrochemical Co., Ltd.: The 2 million mt/year residue oil deep processing project has been filed. Construction Location: Huanghua City, Bohai New Area, Cangzhou City, Hebei Province. Total Investment: 1.594 billion yuan. It is reported that the project will construct a 2 million mt/year residue oil deep processing unit; a 1 million mt/year fuel oil desulfurization unit; a 20,000 Nm³/h dry gas hydrogen production unit; and a 100,000 mt/year sulphuric acid combined unit. Annual production includes liquefied petroleum gas (10,000 mt), isobutane (10,000 mt), propane (9,600 mt), etc. Hydrogen production is 30,000 Nm³/h. The hydrogen production route adopts the dry gas hydrogen production process. Yunnan Energy Research Institute Co., Ltd.: Announcement of winning candidates for the procurement of hydrogen production power supply equipment for the Key Technology Research Project on Control of Renewable Energy Electrolytic Water Hydrogen Production System. According to the announcement: The first winning candidate is Beijing Leidong Zhichuang Technology Co., Ltd., with a bid price of 760,000 yuan/tax included; the second candidate is Hubei Intelli Electric Co., Ltd., with a bid price of 650,000 yuan/tax included; the third candidate is Baoding Hongri Electric Co., Ltd., with a bid price of 799,000 yuan/tax included. It is reported that the project intends to procure 1 dry-type transformer, 1 IGBT rectifier power supply, 1 DC/DC converter, and 1 set of EMS energy management system, with the above power supplies integrated into one container. Fengqing Hydrogen Energy (Guizhou) Technology Co., Ltd. : Fengqing Hydrogen Energy (Guiyang Duyun Base) has launched the tender for civil construction of its Green Hydrogen Zero-Carbon Smart Park project, marking the official commencement of the project's implementation phase. The project is expected to achieve an annual production capacity of 10,400 mt of electrolytic water hydrogen production, with supporting construction including a green hydrogen plant, storage and transportation area, hydrogen energy detection center, and comprehensive energy station facilities. The hydrogen production plant is subdivided into five hydrogen production units: the first unit is equipped with 5 sets of 1,000 Nm³ electrolyzers, 5 sets of 1,000 Nm³/h gas-liquid separation devices, and 1 set of 5,000 Nm³/h purification device; the second and third units each contain 4 sets of 1,000 Nm³/h electrolyzers, 1 set of 4,000 Nm³/h gas-liquid separation device, and 1 set of 4,000 Nm³/h purification device; the fourth unit (as a backup) is configured with 6 sets of 1,000 Nm³/h electrolyzers, 6 sets of 1,000 Nm³/h gas-liquid separation devices, and 1 set of 6,000 Nm³/h purification device; the fifth unit adopts PEM technology with a capacity of 200 Nm³/h. Shandong Shankerongfa Pilot Base Co., Ltd. : Shankerongfa is advancing the procurement of cost consulting services for the 20,000 mt per year integrated green hydrogen-methanol demonstration project. The project is located in the Rizhao Haiyou Chemical Industry Park in Ju County, Rizhao City, Shandong Province. Its core construction involves a set of integrated green methanol production equipment with an annual capacity of 20,000 mt and its supporting facilities. This integrated green methanol production equipment covers multiple key production stages, including biomass grinding and gasification devices, syngas purification devices, green electricity electrolysis hydrogen production devices, methanol synthesis and distillation devices, etc. In the production process, the project uses biomass as the raw material, going through a series of steps including biomass gasification, syngas purification, green hydrogen production via green electricity, methanol synthesis, and distillation, ultimately producing green methanol. In terms of energy and raw material consumption, the project annually consumes approximately 100 million kWh of green electricity and about 30,000 mt of biomass. Anhui Yousai Technology Co., Ltd.: The Gucheng Economic Development Zone in Hengshui City signed a cooperation framework agreement with Anhui Yousai Technology Co., Ltd. for a 300 MW wind power hydrogen production project. Lanzhou New Area Nengke Ecological Development Co., Ltd.: The EPC general contracting winning candidates were announced for the Lanzhou New Area 100,000 mt/year biomass green methanol project (Phase I). The top winning candidate is the consortium led by Shanghai Electric Group Guokong Global Engineering Co., Ltd. (members: China Chemical Engineering Fourteenth Construction Co., Ltd., China Chemical Engineering Ninth Construction Co., Ltd., Shanxi Installation Group Co., Ltd.) with a bid of 959.06 million yuan. Section 2 was invalidated due to insufficient bidders (less than three). It is understood that the project's main production equipment includes biomass gasification to syngas units, shift and purification, compression, methanol synthesis, methanol distillation, 200 MW PV power generation (PV power generation and lines are not included in this tender) and water electrolysis for hydrogen production, etc. Policy Review 1. The Gansu Provincial Development and Reform Commission, the Gansu Provincial Department of Industry and Information Technology, and the Gansu Provincial Energy Bureau issued the "Gansu Province Zero-Carbon Park Construction Plan."The document pointed out that organically integrating solar, wind, geothermal, and air energy to directly supply buildings with energy, and relying on technologies such as wind-solar-hydrogen-storage microgrids, heat pumps, and molten salt thermal storage, will enhance the multi-energy conversion and mutual utilization of "electricity, heat, cooling, steam, and hydrogen" in industrial parks. It will vigorously develop emerging green and low-carbon industries, promote breakthroughs in core technologies for wind, solar, and ESS equipment, increase the localization rate of new energy equipment production, and build a "high-proportion green electricity-driven" new energy equipment industry chain. It will support the construction of projects for wind-solar coupled green hydrogen production and hydrogen energy storage industry chains, advance the integrated development of "green hydrogen production, storage, transportation, refueling, and utilization," and create a "wind-solar-hydrogen-methanol-ammonia" zero-carbon industry chain. It will guide the coordinated development of computing power projects and clean energy layout, increase the proportion of green electricity supply in data centers, and build a "computing power + green electricity" digital economy industry chain. 2. The Jilin Provincial Energy Bureau issued the "Implementation Plan for the Development and Construction of Green Electricity Direct Connection Projects in Jilin Province (Trial)" (Draft for Comments). The document indicated that new load projects can carry out green electricity direct connections, with key support for hydrogen-based green energy (green hydrogen, green hydrogen to green ammonia, green hydrogen to green methanol, green hydrogen to sustainable aviation fuel, etc.), steel metallurgy, computing power (data) centers, automotive manufacturing, and other industries. Electricity consumption projects that have not registered with grid companies (including expansion parts of existing loads), projects that have registered but whose supporting grid projects have not yet started construction, and existing projects agreed upon through consultation with grid companies are all regarded as new loads. In principle, new loads (including expansion parts of existing loads) and existing loads should not have direct electrical connections. 3. The European Commission approved a €4 billion electrolyzer special fund, providing a 30% subsidy on equipment costs for projects with an annual capacity of ≥500MW, and set a 2030 efficiency target for green hydrogen project electrolyzers at ≥60% (LHV basis). Corporate Updates CRRC Zhuzhou Institute Co., Ltd. : The green electricity hydrogen production equipment laboratory successfully obtained both CNAS and CMA certifications. As the first domestic institution to receive this dual certification, its water electrolysis hydrogen production system testing capacity reached 26MW, leading among similar certified institutions in China. Hyundai Motor Hydrogen Fuel Cell (Guangzhou) Co., Ltd. : The launch ceremony for the hydrogen energy bus delivery experience event, co-hosted with Skywell New Energy Automobile Group Co., Ltd., was held at the Guangbao Guangzhou Technology Park in Huangpu District, Guangzhou. Following the successful bidding for related projects in November and December last year, HTWO Guangzhou, in collaboration with Skywell Group, delivered 249 hydrogen fuel cell buses in bulk to the Guangzhou Bus Group. Cummins : Due to a significant deterioration in the market environment for hydrogen production technology, the US engine manufacturer Cummins announced that it will no longer engage in new electrolyzer commercial business. Mingyang Group : Mingyang Group, together with the Director of Vietnam's Xuan Qiao Group and Zhou Jiayi, Asia Pacific Regional General Manager of PowerChina International, gathered to reach a consensus on cooperation. The three parties will leverage the significant advantages of cross-border collaboration to jointly invest in and develop an energy project cluster. This cluster encompasses three core sectors: offshore wind power, green hydrogen and green ammonia, and zero-carbon industrial parks, with a substantial total scale, aiming to establish a new benchmark in the field of Sino-Vietnamese green transformation cooperation. Tianji Hydrogen Energy Technology (Beijing) Co., Ltd. : Lu Beiming, Chairman of Impex Group Co., Ltd., and Zhang Xiaolin, Deputy General Manager, visited the Changshu R&D and production site of Tianji Hydrogen Energy Technology (Beijing) Co., Ltd. for a field trip and exchange. Yuchai Xinlan (Jiangsu) Hydrogen Energy Technology Co., Ltd.: formally signed a strategic cooperation agreement with Hydrogen Green Power New Energy (Wuhan) Co., Ltd. The two parties will engage in in-depth cooperation regarding the full range of Yuchai hydrogen energy products, focusing on multi-scenario application development and market sales. Patent Applications 1. Shanghai Institute of Ceramics, Chinese Academy of Sciences (China) publicly disclosed patent CN2025110028, developing a ceramic-based anion exchange membrane with a laboratory test lifespan reaching 80,000 hours. 2. Johnson Matthey (UK) submitted patent WO2025109876, disclosing a Fe-Ni-Mo ternary non-precious metal catalyst formulation with activity close to that of platinum-based materials. Technology Footprints/Technical Specifications 1. The team of Liu Qingju from Yunnan University constructed a superwetting Pt/NF@CF graded heterojunction electrocatalyst for low-energy consumption, high-efficiency hydrogen production. 2. A team from Hunan Normal University and Central South University revealed the effects of compressive strain and oxygen vacancies on iridium oxide in proton exchange membrane water electrolyzers in Advanced Materials. 3. A 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/Ti3C2Ox@NF bifunctional electrocatalyst for seawater electrolysis. 4. The group standard "Technical Specification for Wind-Solar-Storage Green Electricity Coupled Electrolysis Hydrogen Production" (Number T/CIEP 0272—2025) was released and implemented by the China Industrial Association of Environmental Protection. Zhongneng Dayou Energy Technology Co., Ltd. successfully developed a 100kW-class 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 layer (HP-PTL) for proton exchange membrane (PEM) electrolysis.

Recently, Mingyang Group Chairman Zhang Chuanwei, Xuan Cau Group (XCE Energy is its subsidiary) Chairman Su Yong, and PowerChina International Asia Pacific General Manager Zhou Jiayi met at Mingyang's global headquarters, reaching a strategic cooperation consensus and finalising a major layout for cross-border zero-carbon energy cooperation between China and Vietnam. The three parties will leverage cross-border synergies to invest in and develop an energy project cluster with a total scale of 6 GW, covering three major sectors: offshore wind power, green hydrogen and green ammonia, and zero-carbon industrial parks, setting a new benchmark for green transition cooperation between China and Vietnam. Building on Mingyang's mature experience with GW-scale wind power projects in Guangxi, this project cluster will develop offshore wind power in Vietnam's advantageous sea areas. Leveraging Vietnam's open policy for private electricity retail, the project will innovatively adopt a "direct power supply" model and connect with Singapore's "2 GW green electricity channel," expanding the scope of cross-border energy cooperation across multiple dimensions. Regarding industry chain extension, the three parties will focus on wind power-generated green electricity to build a complete industry chain of "green electricity - green hydrogen - green ammonia/green methanol," supported by an energy storage system (ESS) to ensure operational stability through an integrated "wind and solar power + ESS + hydrogen" model. Concurrently, a zero-carbon industrial park will be established in Vietnam, focusing on core areas such as wind power and ESS, introducing heterojunction PV technology to achieve "self-generation and self-consumption, with surplus electricity fed into the grid," and promoting localised production of core equipment like blades and transformers, forming a complete manufacturing loop. To solidify the cooperation foundation, XCE Energy General Manager Ruan Deming led a team, jointly with PowerChina Central Southern China Electric Power Design Institute and Harbour & Shipping Engineering Company, on a field trip to Hainan. They conducted on-site surveys of key facilities such as the Mingyang Lingao test wind farm and the 200 Nm³/h ion membrane hydrogen production integrated station, and witnessed the off-line and shipment ceremony of the 14 MW offshore wind turbine, gaining a direct understanding of Mingyang's technical strength and industrialisation capabilities in wind power and hydrogen production. During the field trip, leaders from the three parties implemented the spirit of the previous meeting, held in-depth discussions on cooperation details, and formally signed a strategic cooperation agreement. This laid a solid foundation for the subsequent advancement of the China-Vietnam cross-border zero-carbon energy project and will strongly promote the green and low-carbon transition of regional energy.

The UK’s target of achieving a 95% low-carbon electricity grid by 2030 is under threat due to planning delays and infrastructure bottlenecks, according to a House of Lords report.

Recently, Vallourec, a global leader in premium seamless tubular solutions, announced that its vertical gaseous hydrogen energy storage solution, Delphy, has officially passed DNV verification. As a globally pioneering solution, Delphy can store hydrogen ranging from 1 to 100 mt under the highest safety standards. This vertical system can extend up to 100 meters underground, occupying minimal land area, and is capable of meeting the challenges of complex and demanding industrial environments. Its target customers include green hydrogen producers, as well as industrial enterprises such as synthetic fuel (e-SAF, e-methanol) producers, green ammonia producers, steel companies, and refineries. The Delphy solution stems from Vallourec's long-term professional expertise and technological accumulation. Based on practically verified tubular and connection technologies, it exhibits excellent sealing and corrosion resistance. The project was initiated in 2022, bringing together approximately 30 researchers and experts, with particular emphasis placed on high-precision rebar processing, heat treatment, and non-destructive detection. In December 2023, the demonstration project for this solution was completed. Subsequently, Vallourec conducted a rigorous development, testing, and verification process for its hydrogen storage technology, ultimately leading to the successful verification of Delphy in recent days. This conformity statement issued by authoritative experts fully ensures the safety and reliability of the solution, marking a crucial milestone towards its commercialization. With the endorsement of authoritative verification, Vallourec has signed two Memoranda of Understanding (MoUs) with customers: one with H2V for green hydrogen production and utilization projects, and another with NextChem Tech for advancing green hydrogen and green ammonia projects. Currently, approximately 50 projects are under negotiation in France and globally, with potential revenue reaching around 2 billion euros. This verification result comes at a time when the demand for energy storage infrastructure is expected to grow—driven by the intermittent and flexible nature of green hydrogen production. The market demand for Delphy's energy storage solution will be propelled by both European regulations (requiring energy storage solutions to be paired with renewable electricity production) and France's hydrogen strategy (encouraging green hydrogen producers to operate flexibly to contribute to power grid stability). Philippe Guillemot, Chairman and CEO of Vallourec Group, stated: "The successful verification of Delphy underscores Vallourec's ability to transform industrial and technological expertise into new energy solutions. Thanks to the outstanding performance of our team, we have been able to launch this unique solution to address the challenges of global hydrogen energy development. This crucial milestone also solidifies our position in the hydrogen energy market and our leadership role in supporting the global decarbonization process." Santiago Blanco, Executive Vice President and Regional Director for Southern Europe at DNV Energy Systems, commented, "DNV is honored to provide validation services for Vallourec's Delphy hydrogen storage solution - a significant milestone in the field of safe and scalable hydrogen infrastructure. According to our Energy Transition Outlook model, the global demand for hydrogen is projected to reach 188 million mt per year by 2050. Flexible energy storage solutions like Delphy are crucial for bridging the gap between renewable energy supply and industrial demand. As hydrogen energy enables decarbonization in industries that are difficult to electrify, independent technical testing and validation will be key to accelerating deployment and building market confidence." About Vallourec Vallourec is a global leader in premium seamless tube solutions for the energy market and demanding industrial applications, with products spanning oil and gas wells in harsh environments, next-generation power plants, high-demand construction projects, and high-performance machinery equipment. Its pioneering spirit and cutting-edge R&D capabilities continuously push the boundaries of technology. With nearly 13,000 dedicated and passionate employees in over 20 countries worldwide, Vallourec collaborates with customers to provide not just tubular products, but innovative, safe, and cost-competitive smart tubular solutions that make every project possible. About DNV DNV is an independent certification and risk management services provider with operations in over 100 countries. Leveraging extensive experience and profound expertise, DNV is committed to enhancing safety and sustainable performance, setting industry standards, and inspiring and creating innovative solutions. Whether it's assessing new ship designs, providing certification for floating wind farm technologies, analyzing natural gas pipeline sensor data, or certifying food company supply chains, DNV empowers clients and their stakeholders to confidently navigate technological and regulatory complexities. DNV provides assurance across the entire energy value chain through consulting, monitoring, validation, and certification services. As a leading global independent energy expert and technical advisor resource, it helps industries and governments navigate the numerous complex and interconnected transformations occurring in the global and regional energy sectors. DNV is dedicated to achieving the goals of the Paris Agreement and supporting clients in their transition to a deeply decarbonized energy system at a faster pace.

[SMM News] Huayin Electric Power: Plans to Invest 1.398 Billion Yuan in Wind and Solar Power Projects On June 6, Huayin Electric Power announced in a statement that the company plans to invest in the construction of the Weishan Wind Farm Project in Liling City, Zhuzhou City, the Puluo Wind Power Generation Project in Guidong County, Chenzhou City, and Phase I of the Xiangyang PV Power Generation Project in Hengnan County. The total installed capacity of the three projects is 230 megawatts (MW), with an estimated total investment of approximately 1.398 billion yuan.