China plans massive clean hydrogen deployment – BNEF
Rapid growth in electrolyser market as Chinese companies race to show compliance with government’s carbon-neutrality target
Large industrial companies in China are planning massive clean hydrogen projects on a scale unheard of anywhere else in the world—and to an extent that surprised the authors of research firm BloombergNEF’s newly released H2 2021 Hydrogen Market Outlook. “Deployments and plans for deployments in China are going through the roof,” says Martin Tengler, BNEF’s lead hydrogen analyst. The surprise regarding China’s rise to prominence is because the country has no national hydrogen policy, although it does have a 2060 net-neutrality target, announced on 22 September 2020. What is happening in China right now is revolutionary for clean hydrogen” Tengler, BNEF “What is happening in China rig
Also in this section
10 January 2025
Country’s emerging clean hydrogen sector faces its first big political test as centre-right party leads in polls
8 January 2025
In the first of our series of excerpts from the 2025 Hydrogen Market Databook, we look at how green and blue hydrogen will drive the energy transition, despite significant differences in forecasts for future demand
7 January 2025
A greater number of projects will be eligible for 45V tax credits following a long period of industry consultation
2 January 2025
From politics to power and pipelines, the year ahead looks challenging for the emerging clean hydrogen sector