Shanghai’s Lingang to Further Boost Hydrogen Development

Shanghai’s Lingang New Area has established a set of regulations to support the local development of a hydrogen industry, as reported by Sina Finance on August 26. In Lingang, the city plans to build a fuel cell and hydrogen energy industrial system and expedite the launch of various hydrogen projects in the area, including transportation projects using hydrogen, wind-power-driven hydrogen production projects, a hydrogen energy port project, and a trading platform for hydrogen.

The new regulations in Lingang are in line with Shanghai’s 2022-2035 roadmap to grow the regional hydrogen sector. According to the roadmap, Shanghai’s hydrogen industry chain will reach an industrial scale greater than RMB100bn (USD14bn) by 2025 and aims to have more than 10,000 fuel cell vehicles, around 70 hydrogen refueling stations, 5 to 10 unicorn hydrogen enterprises with global influence, and 3 to 5 world-class innovation and R&D platforms. Lingang expects the local hydrogen fuel cell industry to be worth more than RMB20bn (USD2.9bn) by 2025, including the entire industrial chain of core components for hydrogen fuel cell vehicles and hydrogen energy machinery. In addition to Lingang, the Jiading district of Shanghai also suggested that there will be at least 3,500 fuel cell demonstration vehicles in the area and 18 public hydrogen recharging stations by 2025.

Sources:

https://finance.sina.com.cn/jjxw/2022-08-26/doc-imizirav9827329.shtml?cre=tianyi&mod=pcpager_news&loc=24&r=0&rfunc=9&tj=cxvertical_pc_pager_news&tr=174

http://sh.news.cn/2022-08/27/c_1310656581.htm

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