The Ministry of Finance and other five departments recently issued a notice to include Beijing, Shanghai, Guangdong, Hebei, Henan and other places in the fuel cell vehicle demonstration application urban agglomeration. According to the requirements, the above-mentioned cities will report the previously submitted implementation plan to the five departments before April 30, and the expert committee will review and determine the final list. According to industry insiders, the demonstration city project is expected to be launched within the next two months.
It is worth mentioning that recently, many places are actively laying out the hydrogen energy industry, and plan to build hydrogen energy industry clusters. According to statistics, Hebei, Guangdong, Henan, Beijing and other places have announced special investment projects in the hydrogen energy industry of more than 100 billion yuan. Beijing also just released an implementation plan for the development of the hydrogen energy industry yesterday to solicit opinions, with the industrial scale target of exceeding 50 billion yuan in 2023.
Stimulated by this news, the fuel cell plate soared against the trend in early trading. After the pioneer leading snowman shares opened low, a wave of board successfully promoted to four boards. In April 2019, Zhongjun Meijin Energy, a plate that hyped fuel cells, then assisted by the daily limit. Subsequently, Yuneng Holdings, Houpu shares, Hongda Societe Generale and Xiongtao shares rose one after another, and the plate rose more than 2%.
The "top three in Asia" accelerate the promotion of hydrogen energy industry
After the lithium battery industry has made remarkable achievements, in recent years, China has focused its attention on the field of hydrogen energy. In recent years, China has actively introduced industrial policies to promote domestic fuel cell vehicle industry enterprises to seize the opportunity of industrial development. According to the "Energy Saving and New Energy vehicle Technology Roadmap 2.0" compiled under the guidance of the Ministry of Industry and Information Technology and led by the China Society of Automotive Engineering, the number of fuel cell vehicles in China is expected to reach about 100000 by 2025. By 2030-2035, its development goal is to reach 1 million vehicles.
Statistics show that relevant policies and plans have been issued in Beijing, Shanghai, Guangdong, Hebei, Shandong and other regions. In the local plans that have been released, there will be more than 130000 fuel cell vehicles and more than 700 hydrogenation stations by 2025. The cumulative output value of hydrogen energy and fuel cell vehicle industry will exceed 950 billion yuan.
It is worth noting that, not only in China, the development of hydrogen energy and fuel cell vehicle industry has increasingly become a global consensus. As our neighbors, Japan and South Korea have also made continuous support policies in the field of hydrogen energy. Prior to this, the South Korean government held the third meeting of the hydrogen Energy Economic Committee to discuss the investment of 43.3 trillion won (247.8 billion yuan) by the country's five giants and small and medium-sized backbone enterprises to develop the hydrogen energy economy.
Coincidentally, on December 25, 2020, the Japanese government has also announced the "Green growth Strategy", defining the time schedule with the goal of "zero greenhouse gas emissions in 2050". In terms of hydrogen energy, the target hydrogen energy supply is 3 million tons by 2030 and 20 million tons by 2050.
In this regard, some people in the industry pointed out that the development and utilization of hydrogen energy technology has become an important direction of the new round of world energy technology reform, but also the strategic commanding height of the future development of the automotive industry, the development of hydrogen energy is of great significance to the realization of carbon neutralization.
The International hydrogen Energy Commission estimates that by 2050, hydrogen will account for 18% of the world's energy terminal demand, creating a market value of more than US $2.5 trillion, and fuel cell vehicles will account for 20% of the world's vehicles. 25% of the world's vehicles, at that time, it will become the main consumer of the terminal energy system alongside gasoline and diesel.
Ping an Securities believes that hydrogen energy is an important choice to replace fossil energy to achieve carbon neutralization, and hydrogen energy has become an important energy source to deal with climate change and build a decarbonized society. Developed countries such as Europe, the United States, Japan and South Korea have formulated hydrogen energy roadmaps to accelerate the layout of technology research and development and industrialization of hydrogen energy industry. Hydrogen energy industry has become an important part of China's energy strategic layout. The related investment and planning fund of hydrogen fuel cell industry in 2019 is 180.5 billion yuan. Despite the impact of the epidemic, the amount of hydrogen energy investment is still 160 billion yuan in 2020, and the market is still full of confidence in the hydrogen energy industry.
More than 30 provinces and cities scramble to grasp the layout of hydrogen energy industry
From the perspective of practical application of hydrogen energy, hydrogen fuel cell vehicles are the most effective way to utilize hydrogen energy efficiently, but the large-scale commercial application of fuel cell vehicles is still restricted by economy and practicability. Judging from the information learned in the industry, the progress that has been made is gratifying, but there is still room for further maturity in hydrogen production, hydrogen storage, hydrogen transport, cost, life, and infrastructure.
Therefore, at this stage, the continuous decline in the cost of fuel cell system and the continuous improvement of performance are the most important problems to be solved before large-scale commercial application.
According to the information provided by the industry website, hydrogen production in China is mainly in the northwest and North China, mainly from fossil energy. In 2020, the output and consumption of hydrogen energy in China have exceeded 25 million tons, making China the largest hydrogen producer in the world. According to the source of production, hydrogen energy can be divided into three categories: "gray hydrogen", "blue hydrogen" and "green hydrogen". At present, hydrogen mainly comes from gray hydrogen in our country. In the future, the production of green hydrogen from electrolytic water matching with large-scale photovoltaic power generation or wind power generation will become a development trend.
According to the data provided by Huatai Securities, by the end of 2020, the number of fuel cell vehicles in China was 7352. By 2050, hydrogen energy will account for at least 10% of China's terminal energy system, 24.58 million tons of hydrogen will be used in transportation, accounting for about 19% of the energy used in this field, and the output of fuel cell vehicles will reach 5.2 million vehicles per year.
In the huge market space, various localities have grasped the layout of hydrogen energy industry. At present, more than 30 provincial and municipal hydrogen energy development plans have been issued, including Beijing-Tianjin-Hebei, Yangtze River Delta, Pearl River Delta, Sichuan, Shandong and so on. The construction progress of hydrogenation stations has been gradually speeded up. By the end of 2020, 128 hydrogenation stations have been completed. At the same time, more than 20 large central enterprises, such as PetroChina, Sinopec and the National Energy Group, have developed hydrogen energy industry across borders.
Guolian Securities Research News pointed out that in the upstream and downstream of the industrial chain, the leading players in the localization of core components are the first to benefit. It is recommended to pay attention to the leaders in the field of air compressor, platinum catalyst, hydrogen tank and membrane: snowman shares, your research platinum industry, Furuitte equipment, Dongyue Group, followed by upstream and downstream hydrogenation equipment and hydrogenation station construction also bring new business expansion flexibility for traditional companies, pay attention to Houpu shares, cryogenic shares; Finally, in the long run, the stack and system will also go out of the company with long-term competitiveness and pay attention to Yihuatong, Dayang Electric, Tenglong and Xiongtao, which are manufacturers of stack and system.
