Green Hydrogen Equipment Makers Poised for Rapid Growth in China
- Local electrolyzer demand could be 40 gigawatts by 2028: CICC
- CNPC is among domestic companies leading sector’s development
An electrolyzer stack.
Photographer: Adam Glanzman/BloombergThis article is for subscribers only.
China’s capacity to manufacture electrolyzers – the equipment used to make green hydrogen – could grow about 20 times by 2028 as costs of the clean energy source plunge, according to CICC.
The zero-emissions fuel, produced by using renewable energy to extract hydrogen from water, is on track to achieve cost parity with other methods fueled by natural gas or coal as soon as the end of this decade, which will drive rapid deployments, CICC analysts wrote in a note.