Under the background of global energy crisis and geopolitics leading to energy scarcity, accelerating the development of renewable energy has become a common global focus. The International Renewable Energy Agency (IRENA) released the 2022 edition of the renewable energy statistics report shows that by the end of 2021, the global installed capacity of renewable energy is about 3064 GW, accounting for 38% of the total global installed power generation capacity. From a regional perspective, Asia and Europe lead the world in renewable energy development, and the installed renewable energy capacity of both accounts for nearly 70% of the total installed renewable energy capacity worldwide.
As a leading consultant in the field of photovoltaic and hydrogen energy, the research of ASIACHEM shows that in 2022, China is expected to install at least 55GW of wind power and 75GW of photovoltaic, totaling 130GW. According to the calculation of 4,000 hours of annual electrolyzer operation, China will need a total of 141GW of installed electrolyzer capacity in 2030. According to electrolyzer manufacturers, energy companies such as State Grid, Southern Power Grid, SPIC, Sinopec, Three Gorges Group, Datang, CRRC and Huaneng are all planning related green power projects. According to the <New Energy Hydrogen Database>, the total number of new green hydrogen projects in the first half of 2022 is basically the same as the whole year of 2021.
The huge and fast-growing demand and the relatively low entry threshold attract many companies to actively enter the electrolyzer field. Lonji, Qingqing Songsong, CPU Hydrogen, Shouhang High-Tech, Sunfly New Energy, Baowu and other companies are trying their hands on it, most of these companies come from the upstream of hydrogen energy, and the development of hydrogen energy becomes a new business growth point for the company; while some old companies such as Cockerill Jingli, CSSC 718 Institute and Sungrow Hydrogen become the backbone of supporting the first batch of domestic large-scale green hydrogen demonstration projects. Thanks to these large-scale projects, the company entered a period of development and expansion, and in the first half of 2022, China's electrolyzer market flourished:
Cockerill Jingli | On March 23, 2022, three sets of alkaline water electrolysis hydrogen production equipment with a capacity of 1000 Nm3/h were successfully shipped by Cockerill Jingli. The equipment was purchased by a well-known domestic photovoltaic material enterprise. The equipment takes only 2 minutes from hot start to full load at 55℃, and the response speed is comparable to pumped storage. On April 2, 2022, two sets of alkaline electrolytic water hydrogen production equipment with a hydrogen production capacity of 800 Nm3/h were successfully shipped from Cockerill Jingli. On May 6, 2022, Sinopec Xinxing Xinjiang Green Hydrogen New Energy Co., Ltd. released the announcement of the bidding result of electrolytic water hydrogen production sets for Sinopec Xinxing Xinjiang Kuche Green Hydrogen Demonstration Project, in which Lonji Hydrogen, Cockerill Jingli and CSSC 718 were successfully selected together. This tender section includes 13 sets (4 sets of 1 set) of alkaline electrolytic water hydrogen production equipment with a single tank hydrogen production capacity of 1000Nm3/h. On July 12, 2022, Cockerill Jingli said that the company won the bid for 6 sets (24 units) of electrolytic tanks for Xinjiang Kuche green hydrogen project, and the first 4 sets of 1000Nm3/h electrolytic tanks opened the project site. |
CSSC 718 Institute (PERIC) | On March 30, 2022, 21 sets of new chemical hydrogen production equipment produced by CSSC 718 successfully passed the test and acceptance organized by China Meteorological Administration. On April 27, 2022, PERIC Hydrogen Energy said that from April 19 to 26, seven orders were signed in a row, which strongly promoted the development of international market business. The company signed a 5MW containerized hydrogen production equipment supply contract with a new energy company in the United States, exporting 5MW of containerized hydrogen production equipment to overseas for the first time, and the hydrogen produced can be directly used for ammonia synthesis without further compression; signed a 2MW hydrogen production equipment supply contract with a gas company in Malaysia, which includes hydrogen compression, refueling system and oxygen purification system; obtained an order from a public transportation As one of the few Chinese hydrogen equipment manufacturers that can provide localized after-sales service in India, Primary Hydrogen also signed a contract with a famous steel company in India for the supply of a set of 100 cubic meters of hydrogen production equipment supply contract with a famous steel company in India. On May 6, 2022, Sinopec Xinxing Xinjiang Green Hydrogen New Energy Co., Ltd. released the announcement of the bidding result of electrolytic water hydrogen production sets for Sinopec Xinxing Xinjiang Kuche Green Hydrogen Demonstration Project, in which Lonji Hydrogen, Cockerill Jingli and CSSC 718 were successfully selected together. This tender section includes 13 sets (4 sets of 1 set) of alkaline electrolytic water hydrogen production equipment with a single tank hydrogen production capacity of 1000Nm3/h. |
Lonji Hydrogen | On April 12, 2022, three sets of Lonji Hydrogen's 1000 Nm3/h electrolytic water hydrogen production equipment were successfully shipped. The equipment adopts the world's leading alkaline electrolytic water hydrogen production technology and was sent to a project site in the west. On May 6, 2022, Sinopec Xinxing Xinjiang Green Hydrogen New Energy Co., Ltd. released the announcement of the bidding result of electrolytic water hydrogen production sets for Sinopec Xinxing Xinjiang Kuche Green Hydrogen Demonstration Project, in which Lonji Hydrogen, Cockerill Jingli and CSSC 718 were successfully selected together. This tender section includes 13 sets (4 sets of 1 set) of alkaline electrolytic water hydrogen production equipment with a single tank hydrogen production capacity of 1000Nm3/h. |
Sungrow Hydrogen | On March 21, 2022, Sunshine Hydrogen Energy and Zhengneng Group signed a contract to cooperate to build the "Inner Mongolia Shengyuan Zhengneng Hydrogen Production and Hydrogen Processing Integration Project". It is planned to invest 1.396 billion yuan, and plan to build 6000Nm³/h electrolytic water hydrogen production, 200MW photovoltaic power generation, two 1000kg/12h integrated energy stations with hydrogen refueling as the main project and supporting facilities. Sungrow Hydrogen Energy provides hydrogen power supply, hydrogen production device and intelligent hydrogen energy management system overall solution for the project. On July 16, 2022, Sungrow Hydrogen Energy's 200Nm³/h PEM Green Power Hydrogen Production System was shipped. The system adopts the domestic leading PEM electrolytic water hydrogen production technology and IGBT hydrogen production power supply, and will be shipped to the Ningxia project soon. |
Furuihp | On April 8, 2022, the first 1000 Nm3/h alkaline water electrolyzer was launched on the line of Furuihp, marking the success of the "hydrogen production strategy" in the strategy of producing, storing, transmitting and using hydrogen energy equipment. |
Kylin | On June 4, 2022, Kylin Technology released the new product KAL-500Nm3/h water electrolysis hydrogen production system, which is a standard product developed by KylinTechnology based on the original medium and small standard system for renewable energy hydrogen production scenario, single tank 500-1000 Nm3/h alkaline hydrogen production system. |
SinoHy Energy | On March 31, 2022, SinoHy Energy signed an export agreement with a Spanish photovoltaic company for a 60Nm3/h alkaline electrolyzer. |
China Huadian | On July 12, 2022, China Huadian's 1200Nm3/h alkaline electrolyzer product was launched. |
CPU Hydrogen | On January 22, 2022, the launching ceremony of the first 50 Nm3/h alkaline water electrolysis hydrogen production system of CPU Hydrogen Energy was held in Suzhou, Jiangsu Province. On April 15, 2022, the brand new production base of CPU Hydrogen was officially opened, with the planned annual production of 1GW of hydrogen energy equipment. the company said that the production of 1000 standard cubic meters alkaline water electrolysis hydrogen production system is underway, and the new electrolyzer is also under design and development. |
Qingqing Songsong | On March 24, 2022, Hunan Qingqing Songsong held a ceremony to launch 500 Nm3/h alkaline electrolytic water hydrogen production equipment, which is developed, designed and manufactured by the company itself. |
Shouhang High-Tech | On March 23, 2022,Shouhang High-Tech released the "Announcement on the Filing of PV to Hydrogen Integrated Energy Storage Demonstration Project", which will build a 1000 Nm3/h alkaline electrolytic water hydrogen production system. |
Sunfly New Energy | On May 11, 2022, Sunfly New Energy's shareholding company Shengqing has been officially put into operation, and its business involves the R&D, design, production and sales of alkaline water hydrogen production equipment and gas purification equipment, which can independently produce 5-1500Nm3/h of electrolytic water hydrogen production equipment and hydrogen purification equipment, gas and liquid separation as well as the R&D, manufacturing and sales of pure equipment. |
Baowu Heavy Industry | On January 11, 2022, Baowu Heavy Industries Masteel Heavy Machinery successfully completed the manufacturing and assembly of the first set of 30Nm³/h alkaline water electrolyzer after 4 months of hard work. |
