In early trading today (August 26), oil and gas and shipping, which led the market yesterday, differentiated as scheduled. Although the new energy track was repaired during the session, the overall strength was still weak. However, hydrogen energy, an important branch of the new

In early trading today (August 26), oil and gas and shipping, which led the market yesterday, differentiated as scheduled. Although the new energy track was repaired during the session, the overall strength was still weak. However, hydrogen energy, an important branch of the new energy track, was in the news. Stimulated by the situation, a daily limit surge broke out across the board. Degute hit its daily limit of 20CM, Jinhong Gas rose by more than 10%, Xiongtao Co., Ltd. and Dynamics Xinke rose by their daily limit, and Zhiyuan New Energy, Quanchai Power, Houpu Co., Ltd., etc. rose by more than 5%. Hydrogen energy is an important part of the modern energy system. Although there has been speculation in the market before, since this round of market prices, it has hardly risen in sync with wind and solar energy storage, and is still at a relatively low level. Shanghai Securities believes that hydrogen energy industry will usher in important development opportunities.

In terms of news, the Ministry of Industry and Information Technology issued a document after the market closed yesterday saying that it supports research and breakthroughs in key technologies such as ultra-long-life and high-safety battery systems, large-scale large-capacity and efficient energy storage, and mobile energy storage for transportation, and accelerates the development of solid-state batteries and sodium Ion battery , hydrogen energy storage/ fuel cell and other new batteries. Hydrogen energy was once again supported by a document issued by the Shanghai Development and Reform Commission today. Stimulated by the continuous news, more than ten stocks in the sector reached their limit in early trading. So what is the prospect of the hydrogen energy sector?

The country strongly supports the hydrogen energy industry and actively encourages provinces and cities to issue hydrogen energy plans

From a policy perspective, the National Development and Reform Commission and National Energy Administration jointly issued the "Mid- and Long-term Plan for the Development of Hydrogen Energy Industry (2021-2035)" which clarifies Goals for each stage of my country’s hydrogen energy industry development: by 2025 By 2030, a relatively complete institutional and policy environment for the development of the hydrogen energy industry will be formed, industrial innovation capabilities will be significantly improved, core technologies and manufacturing processes will be basically mastered, and a relatively complete supply chain and industrial system will be initially established; by 2030, a relatively complete hydrogen energy industry will be formed The technological innovation system, clean energy hydrogen production and supply system, reasonable and orderly industrial layout, and widespread application of renewable energy hydrogen production will strongly support the realization of the carbon peak goal; by 2035 In 2018, a hydrogen energy industry system was formed to build a diverse hydrogen energy application ecosystem covering transportation, energy storage, industry and other fields.

html Since July, local hydrogen energy-related policies have been continuously released, represented by the policies of Guangdong and Beijing. The Guangdong policy details the plan to accelerate the construction of demonstration city clusters in the next three years, and has made breakthroughs in hydrogen production and vehicle subsidy restrictions. Beijing’s policies have clarified the standards and details of local subsidies in many fields, helping to comprehensively promote the research and development and industrialization of the hydrogen energy industry chain. In addition, among the regions that have released local policies, Guangdong, Shandong, and Zhejiang plan to promote a total of 24,600 hydrogen vehicles in 2025. Beijing, Shanghai and other places are also making progress in promoting hydrogen vehicle scenarios. Hydrogen energy applications are expanding in depth and breadth.

Domestic hydrogen energy development space is huge and the development potential is sufficient

According to the China Hydrogen Energy Alliance, the output value of China's hydrogen energy industry will reach 1 trillion yuan from 2020 to 2025, and the output value will reach 5 trillion yuan from 2026 to 2035. It is expected that hydrogen energy will account for 10% of the energy share by 2050. In addition, according to the prediction of the International Hydrogen Energy Council, by 2050, hydrogen energy will create 30 million jobs, reduce 6 billion tons of carbon dioxide emissions, create an output value of US$2.5 trillion, and is expected to account for 18% of global energy. . The agency predicts that total global investment in the entire hydrogen industry value chain is estimated to be US$500 billion by 2030, and low-carbon hydrogen production capacity will exceed 10 million tons.

With the prospect of a trillion-dollar market, the hydrogen energy industry chain undoubtedly has great potential. Guotai Junan believes that hydrogen energy, as a clean energy with established technology and a relatively complete industrial chain, will be the focus of attention in the energy field in the next period of time. With the expansion of hydrogen demand, more economical and efficient centralized Parallel solutions for hydrogen production pipeline transportation, highly integrated hydrogen production and refueling stations, liquid hydrogen and other parallel storage and transportation paths will be the main development direction. The relevant industry chain companies are:

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