Hyperdrive
Investors See Green Hydrogen Advancing as China Signals Support
- Sector set to receive ‘heavy policy support’: JH Investment
- Beijing, Inner Mongolia seek to cultivate new energy firms
Ventilation fan units at the Wesseling green hydrogen refinery in Wesseling, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Chinese investors see potential for further gains in companies making equipment needed to produce or use green hydrogen, a clean energy source most governments are betting will help them meet mid-century climate targets.
The sector has so far offered a haven from government crackdowns on technology and education companies that Beijing blames for exacerbating inequality and increasing financial risk. As China tightens oversight, industries driving growth through innovation and technology are seen gaining support.