Tracking Green Hydrogen Projects—Zhuzhou-Made Large Power PEM Electrolyzers Exported in Bulk, New Breakthrough in Hydrogen Equipment Going Global

On September 28, 2025, Zhuzhou Chunhua Hydrogen Energy's large-power industrial-grade PEM electrolyzer achieved China's first batch export, while Zhuzhou's new energy equipment industry (including CRRC-affiliated enterprises and the hydrogen energy industrial park) achieved multiple breakthroughs, demonstrating the leap of domestic hydrogen energy equipment from technological independence to international output.

I. Core Breakthrough: First Batch Export of PEM Electrolyzer

On September 28, 2025, at the Zhuzhou High-tech Zone Intelligent Manufacturing Industrial Park, Chunhua Hydrogen Energy'slarge-power industrial-grade PEM electrolyzer(covering specifications such as 50-300 Nm³/h) completed batch shipment. These products, with fully independent intellectual property rights, not only passed the strict acceptance of international customers and met advanced international technical standards, but also markedthe first batch export of China's large industrial-grade PEM electrolyzer, a milestone event for domestic hydrogen energy equipment transitioning from "technological catch-up" to "international output."

II. Coordinated Development of Zhuzhou's New Energy Industry

1. Outstanding Performance of CRRC-Affiliated Enterprises

CRRC Times Electric: H1 2025 operating revenue was 12.214 billion yuan, up 17.95% YoY. The new equipment business became the growth engine, with outstanding performance in the power semiconductor field – domestic installations of automotive-grade IGBT modules exceeded 1 million units, with market share steadily ranking second; medium and low voltage power devices were among the leaders in the domestic new energy power generation market, providing core component support for new energy equipment.

Times New Material: H1 2025 revenue was 9.256 billion yuan (up 6.87% YoY), with a net profit of 303 million yuan (up 36.66% YoY). Wind turbine blade sales revenue was 3.911 billion yuan, steadily ranking in the top two domestically; overseas market expansion was rapid, with deepened cooperation with customers like Nordex,overseas revenue surged 300% YoY, while the after-sales operation and maintenance market (blade repair, spare parts, etc.) continued to secure orders.

2. Accelerated Construction of Hydrogen Energy Industrial Park

On December 28, 2024, theGW-level Chunhua Hydrogen Energy Technology Industrial Parkcommenced construction, with a target annual output value of 3 billion yuan. Focusing on PEM electrolyzers as the core leading product, it plans to construct a hydrogen energy equipment factory, an industrial research institute, a headquarters building, an innovation and entrepreneurship incubator, an application demonstration zone, and a technology trade exhibition center, aiming to attract upstream and downstream enterprises to form an industrial cluster and build a complete hydrogen energy ecosystem.The first phase of the park is expected to commence operation in early 2026, which will further solidify the foundation of Zhuzhou's hydrogen energy industry.

III. Chunhua Hydrogen Energy's Technical Strength and Layout

As a specialized and innovative domestic enterprise long focused on PEM water electrolysis for hydrogen production, Chunhua Hydrogen Energy has establishedcore materials - key components - system integrationR&D and production capabilities across the entire industry chain. Leveraging over thirty years of aerospace technological accumulation, it has overcome industry challenges such as high current density and long-life operation, achieving full domestic independence, and its products have been exported to multiple countries and regions including Japan, South Korea, Germany, and Russia.

The company is accelerating the construction of a 1GW PEM water electrolysis hydrogen production high-end equipment manufacturing base. Upon reaching full production, the base is expected to achieve an annual output value exceeding 3 billion yuan, contributing to Hunan's goal of becoming a national core hub for hydrogen energy equipment manufacturing. Concurrently, the company is collaborating with universities and research institutions to establish a hydrogen energy industry research institute, promoting the integration of industry, academia, and research, and providing technical solutions for reducing green hydrogen costs and building zero-carbon industrial parks.

IV. Industrial Significance

The batch export of PEM electrolyzers and the coordinated development of Zhuzhou's new energy industry not only demonstrate the international competitiveness of domestically produced hydrogen energy equipment but also, through the model of "technological breakthrough + industrial cluster + multi-sector collaboration," provide a replicable practical pathway for the high-quality development of the new energy industry in Hunan and across the nation, injecting strong momentum into the country's "dual carbon" goals.