Financial News Agency (Shanghai, Editor Zilong) News, Today, the hydrogen energy sector opened higher and strengthened. As of the noon close, the sector index rose by nearly 2%. Among the stocks , Kangsheng Shares, Shaangu Power , Jin Four stocks, Neng Technology and Yangmei Chemical , hit their daily limit. Zhongtai shares rose by nearly 12%. Beijing Kerui, Kerong Environment, Jidian shares and other stocks were among the top gainers. In terms of news, it is reported that more than 50 prefecture-level cities have released hydrogen energy industry plans. Industry experts said that a top-level design for the development of the hydrogen energy industry at the national level will also be released.
Hydrogen fuel cells are accelerating, and the construction of hydrogen refueling stations is developing well
Since this year, hydrogen energy-related policies have continued to advance. On November 7, the Central Committee of the Communist Party of China and the State Council issued the "Opinions on Deepening the Fight against Pollution". The "Opinions" mentioned that in the field of blue sky defense, clean diesel vehicles (engines) will be implemented in depth and basically eliminated across the country. National III and below emission standards vehicles, promote the demonstration application of hydrogen fuel cell vehicles, and orderly promote clean energy vehicles . Further promote the electrification of public transportation and official vehicles in large and medium-sized cities.
In the context of carbon neutral , the penetration rate of new energy vehicles is rising rapidly. Not only the production and sales of lithium battery electric vehicles are growing rapidly, but also fuel cell vehicles represented by hydrogen energy are also benefiting. According to the "Technical Roadmap for Energy Saving and New Energy Vehicles 2.0", it is estimated that by 2035, annual sales of energy-saving vehicles and new energy vehicles will each account for 50%, and the automobile industry will realize electrification transformation; the number of hydrogen fuel cell vehicles will reach about 1 million. Commercial vehicles realize hydrogen power transformation.
China Galaxy Securities pointed out that hydrogen energy has a high calorific value, about three times that of petroleum, and is an ideal substitute for fossil fuels. Hydrogen energy does not produce any harmful or greenhouse gases after being burned and used, which is of great significance for my country to achieve goals such as "carbon peaking" and "carbon neutrality". Compared with lithium battery electric vehicles, hydrogen energy vehicles not only are not affected by temperature and have a longer cruising range, but also have the advantage of being able to replenish fuel quickly (3-5 minutes).
At present, domestic hydrogenation stations are also being constructed rapidly. According to statistics from the China Hydrogen Energy Alliance, my country has built 127 hydrogenation stations in 2020, and the construction intensity has exceeded the original plan. The "Technical Roadmap for Energy Saving and New Energy Vehicles (Version 2.0)" increases the construction goals of hydrogenation stations to 1,000 and 5,000 in 2025 and 2030-2035 respectively.
The hydrogen industry chain has broad prospects, and cost reduction is the key.
Compared with lithium battery vehicles, the current penetration rate of hydrogen energy vehicles is still low. Although they have the advantages of high energy density, safety, and comfort, their use costs are high. It has become a key factor restricting its popularity. Ping An Securities pointed out that to realize the commercialization of subsidy-free fuel cell vehicles, it is necessary to significantly reduce the cost of fuel cell engines and hydrogen , and at the same time reduce the construction costs of hydrogen refueling stations. However, although the hydrogen energy industry chain is still in its infancy, with the gradual improvement of various technologies, there is great room for development in hydrogen production, hydrogen storage, and hydrogen use. In the upstream hydrogen production link of
, Open Source Securities pointed out that the most common hydrogen production methods in my country are hydrogen production by reforming fossil energy, hydrogen production from industrial by-product gas and hydrogen production by electrolysis of water. The renewable energy + water electrolysis hydrogen production model has great potential and is expected to solve the energy storage problem. This model is green and environmentally friendly, produces high-value oxygen as a by-product, and can effectively absorb unstable power such as wind power and photovoltaic power generation to achieve surplus power. Energy storage. As my country continues to promote grid parity in renewable energy power generation, the cost of producing hydrogen by electrolyzing water is expected to continue to decline, which is conducive to the promotion and application of hydrogen energy.
The midstream storage and transportation link can be divided into gas storage and transportation, liquid storage and transportation, and solid storage and transportation. China Galaxy Securities pointed out that high-pressure gaseous long-tube trailers are the main way of hydrogen transportation in my country. my country is currently building hydrogen pipeline projects. In the future, the upgrade of the pressure level of hydrogen pipeline transportation and the expansion of the scale of hydrogen pipelines can reduce the cost of hydrogen energy pipeline transportation. Liquid storage and transportation has the advantages of high hydrogen storage density, the ability to transport large amounts of hydrogen, and is suitable for long-distance hydrogen transportation.However, the cost of liquid conversion is high, and is expected to become competitive in liquid hydrogen transportation as costs decrease in the future.
In the downstream terminal hydrogen use segment, domestic hydrogen energy vehicles are currently mainly commercial vehicles such as passenger cars. Everbright Securities believes that compared with electric vehicles, fuel cell vehicles also have longer cruising range, shorter refueling time, and stronger environmental adaptability. With advantages such as small resource constraints, is more feasible than electric vehicles in specific usage scenarios (heavy trucks, forklifts, logistics, low-temperature areas, lithium resource shortages, etc.). Therefore, fuel cell vehicles and electric vehicles can complement each other in usage scenarios. , which will become an important supplementary route for the low-carbon development of the automotive industry.
The sector has continued to strengthen in recent days, with highlight stocks rising by more than 30% this month.
Since the beginning of this year, the hydrogen energy sector has performed well overall. As of around 13:20 pm today (November 18), the sector index has risen by nearly 55% this year. After nearly two months of correction and shock since the end of September, the sector has continued to rebound slightly since the beginning of this month. Many stocks have increased by more than 20% since the beginning of this month. Among them, as of about 13:20 this afternoon, Hansoh Co., Ltd. and Han Cable Shares, Huadian Heavy Industry, Continental, and Kerong Environment have increased by more than 30% this month.
Note: The hydrogen energy sector has performed strongly this year.
Hydrogen energy has accelerated its development, and all links in the industry chain are expected to benefit. In terms of specific industry chain targets, Everbright Securities pointed out that under the background of “carbon peak and carbon neutrality”, the state’s support for the hydrogen energy industry is continuing to increase. Under the guidance of the government, more and more leading companies in related industries are Actively choose to enter the hydrogen energy industry. The introduction of both capital and technology will promote the continuous improvement of industry prosperity. We remain highly optimistic about the development of the hydrogen energy industry. It is recommended to pay attention to leading companies in each link of the industry chain:
Upstream: Longi Holdings , Sungrow Power ; midstream: key equipment suppliers Houpu Co., Ltd., Snowman Co., , Jingcheng Co., Ltd., Cryogenics Co., Ltd., Furui Special Equipment , Zhongke Fuhai (unlisted), etc., as well as hydrogenation Website construction operators Sinopec , PetroChina , China Shenhua ; downstream: Billion Huatong , Tenglong Holdings, Weichai Power , Jet Hydrogen Technology (unlisted), Dongyue Future Hydrogen Energy ( Unlisted).
