① Recently, the Ottok Qianqi Natural Resources Bureau approved and approved the “Construction Project Planning Permit” for the Shengneng North PV hydrogen production project. ② Donghai Securities pointed out that with the continuous increase in the installed capacity of photovoltaics and continuous breakthroughs in hydrogen production technology from electrolyzed water, photovoltaic hydrogen production is one of the important ways to reduce the cost of hydrogen production.
Recently, the Ottok Qianqi Natural Resources Bureau approved and approved the “Construction Project Planning Permit” for the Shengneng North PV hydrogen production project. According to reports, the project includes two parts: a photovoltaic zone and a hydrogen production zone. It will build a new photovoltaic power plant with an installed capacity of 250 MW and an average annual power generation capacity of 470 million kilowatt-hours, an electrolyzed water hydrogen plant with an annual production capacity of 6,000 tons, and supporting facilities.
Donghai Securities pointed out that according to estimates, 10MW photovoltaics can produce 10 cubic meters of hydrogen per hour, and a 25-square-kilometer photovoltaic array can produce 1 million tons of hydrogen a year. In places with good lighting, the cost of photovoltaic power generation for hydrogen production is about 1.05 cents per cent of electricity, which is significantly lower than the current electricity cost of hydrogen production. With the continuous increase in the installed capacity of photovoltaics and continuous breakthroughs in hydrogen production technology from electrolyzed water, photovoltaic hydrogen production is one of the important ways to reduce the cost of hydrogen production. In addition, the hydrogen market for superimposed terminals continues to expand, and demand for hydrogen in heavy trucks, ships, commercial vehicles, cogeneration, industrial metallurgy, etc. continues to rise. We are optimistic about the large-scale and commercial promotion of hydrogen production in photovoltaics in the future.
According to the Finance Federation's theme library, among the relevant listed companies:
Jinkotech and Cummins have established a strategic cooperation in the field of photovoltaic hydrogen production, and have a dedicated photovoltaic+hydrogen solutions division. The company's 100MW photovoltaic hydrogen production and hydrogenation integrated project in Anqiu, Shandong is under construction.
The first phase of Guanghui Energy's green power hydrogen production and hydrogen energy integration demonstration project was launched in October 2022. The project plans to invest 133.5 million yuan. The hydrogen production scale is 400 tons/year for “green hydrogen” + 700 tons/year for “blue hydrogen”; 1 hydrogen refueling station: 2,000 kg/d hydrogen refueling scale and supporting heavy hydrogen trucks.