China's Inaugural Million-m³ Salt Cavern Hydrogen Storage Demo Project Launched in Henan

China's fuel cell vehicle sales hit a record high in Dec 2025 (3,500+ units), but plunged to under 100 in early 2026. The year-end surge was driven by subsidy deadline deliveries, not real demand. As the 15th Five-Year Plan shifts from purchase subsidies to usage-based incentives, the industry must now focus on cost reduction and commercial viability.

[SMM Hydrogen Energy News Brief: Tender Announcement for Commissioning and Trial Run Services of Hainan Offshore Wind Power Hydrogen Production Demonstration Project] On May 14, the announcement of shortlisted candidates for the commissioning, trial run, and demonstration operation services of the Hainan New Energy Offshore Wind Power Hydrogen Production Comprehensive Utilization Key Technology R&D and Engineering Demonstration Project was released. The bid inviter was Hainan Shenneng Materials Co., Ltd. According to the announcement, the first-ranked candidate was Zhonghua No.2 Construction Group Co., Ltd., with a bid price of 5.83 million yuan; the second-ranked candidate was Zhongshihua Engineering Construction Co., Ltd., with a bid price of 5.875 million yuan. The project aimed to implement the construction requirements of Hainan's clean energy priority development demonstration zone, focusing on offshore wind power hydrogen production and comprehensive utilization technology research. It would achieve breakthroughs in key technologies such as floating platform hydrogen production, hydrogen storage and transportation, and hydrogen-to-ammonia/methanol conversion, develop core equipment and an offshore wind power hydrogen production comprehensive utilization floating platform, and provide technological and engineering support for Hainan's clean energy island construction and large-scale offshore hydrogen production.