SMM Hydrogen Energy Industry Weekly Review 20250424

I. Policy Review
1. China Releases Implementation Rules for the Medium and Long-Term Development Plan for the Hydrogen Energy Industry (2025-2035) 
   This week, the National Development and Reform Commission (NDRC) and the National Energy Administration jointly released the detailed rules of the plan, setting the phased target for the hydrogen energy industry by 2025: the ownership of fuel cell vehicles will exceed 100,000 units, more than 500 hydrogen refueling stations will be built, and a subsidy of 0.3 yuan per kilogram will be provided for green hydrogen production projects. The policy emphasizes "replacing subsidies with rewards," focusing on supporting integrated wind and solar power hydrogen production projects in north-west China.
2. EU Passes Amendment to the Hydrogen Infrastructure Act
   The EU has included hydrogen energy in the core of the "Green Deal," requiring member states to build at least 40 cross-border hydrogen pipelines by 2030 and setting carbon tariff exemption clauses for imported green hydrogen. Six countries, including Germany and France, jointly launched the "Hydrogen Corridor Initiative," planning to invest 20 billion euros to build an offshore wind power hydrogen production base in the North Sea.
3. Japan Launches "Ammonia-Hydrogen Co-firing Power Generation" Demonstration Policy
   The Ministry of Economy, Trade and Industry of Japan announced that it will conduct a pilot project of ammonia-hydrogen mixed fuel power generation in the Tokyo Olympic venue area by 2025, aiming to reduce carbon emissions by 40%, and plans to revise the "Basic Energy Law" to clarify the strategic position of hydrogen energy.

II. Corporate Developments
1. Sinopec and Saudi Aramco Sign Green Hydrogen Cooperation Agreement
   The two parties plan to invest 3.5 billion US dollars to build a 2GW electrolytic water hydrogen production project in the Jazan Economic City in Saudi Arabia, using local low-cost solar energy to produce green hydrogen, with the goal of operation by 2027. The hydrogen will be transported to China via the Middle East-Indian Ocean-Malacca Strait.
2. SPIC Releases "Hydrogen Teng 3.0" Fuel Cell Stack
   The new-generation product has a power density of 4.8kW/L, and the low-temperature cold start temperature is reduced to -30℃. The 200 hydrogen-powered heavy trucks will be delivered to the Ordos coal transportation line in Q2, with a driving range increased to 800 kilometers.
3. Plug Power Acquires Siemens' Hydrogen Business
   The US hydrogen leader Plug Power acquired Siemens' proton exchange membrane (PEM) electrolyzer division for 1.8 billion US dollars, integrating the technical resources of both parties to accelerate the layout of the decarbonization market for heavy industry in Europe and the US.

III. Technological Progress
1. Breakthrough in Solid-State Hydrogen Storage Materials
   A team from the University of Science and Technology of China has developed a new rare-earth-based solid-state hydrogen storage alloy, achieving a hydrogen storage density of 7.2wt% at normal pressure (1MPa), with a cycle life exceeding 10,000 times. It has passed pilot verification and is planned to be used in distributed hydrogen supply scenarios.
2. Alkaline Electrolyzer Life Exceeds 80,000 Hours
   The 10MW alkaline electrolyzer jointly developed by Siemens and ThyssenKrupp achieved continuous operation for 80,000 hours (about 9 years) in a laboratory environment, with an annual decay rate of less than 0.5%, significantly reducing the cost of green hydrogen to 2.5 US dollars/kg.
3. Commercialization of Methanol Reforming Hydrogen Fuel Cells
   Japan's Toray has launched a methanol-water reforming hydrogen module, which is 60% smaller in volume than pure hydrogen systems, suitable for commercial vehicles and ships. It has completed the demonstration operation of 10 methanol-fueled forklifts at Kagoshima Port.

IV. Industry Collaboration
1. Yangtze River Delta Hydrogen Alliance Establishes Industry Chain Mutual Assistance Fund
   20 companies, including Shanghai Jie Hydrogen and Jiangsu Qingneng, jointly initiated a 5 billion yuan fund, focusing on supporting the localization of "bottleneck" materials such as fuel cell catalysts and bipolar plates. The first phase of investment focuses on the upgrade of the membrane electrode production line in Foshan, Guangdong.
2. Expansion of Germany's Hydrogen Train Network
   Deutsche Bahn Group, in collaboration with Hyzon Motors, launched the second phase of the hydrogen train tender, planning to purchase 15 Coradia iLint trains for the Bavarian-Austrian border line, and build 3 hydrogen refueling stations to achieve cross-border railway decarbonization.
3. Middle East-East Asia LNG-to-Hydrogen Trade Pilot Launched
   Japan's Mitsui and the UAE's ADNOC reached an agreement to conduct a methane steam reforming hydrogen production test on the first LNG cargo at the Hassyan Clean Coal Power Station in Dubai, exploring a hybrid business model for traditional energy giants transitioning to hydrogen energy.