Gelonghui July 27th (Xiexin New Energy (00451.HK) announcement)The company is pleased to announce the establishment of the hydrogen Energy Division, actively studying and developing hydrogen energy and related industries.
Since 2018, the company has continued to increase strategic cooperation with domestic enterprises directly under the central government and local state-owned enterprises, unite with strong forces, accelerate cash inflows, and unswervingly promote the strategic transformation of light assets through the sale of its photovoltaic power stations. As of the date of the joint announcement, the company has announced or completed the sale of more than 5.6 gigawatts of photovoltaic power plant assets, successfully realizing the transformation of light assets and returning the company's liabilities to a more robust level. In the future, in addition to focusing on photovoltaic business, the company will actively seek other clean energy business opportunities.
At present, major economies in the world are actively promoting corresponding energy policies to curb carbon emissions, and China is determined to adopt effective energy policies to achieve the "carbon peak" by 2030 and the goal of "carbon neutralization" by 2060. The company believes that hydrogen energy, as one of the cleanest energy sources in the world, will become an important solution for decarbonization. In fact, in the outline of the 14th five-year Plan for domestic National Economic and Social Development, hydrogen energy appears in the second section of Chapter 9, "forward-looking Planning for Future Industries". With brain-like intelligence, quantum information, genetic technology, future networks, deep-sea space development and other cutting-edge technologies, hydrogen energy has been recognized as "organizing the implementation of future industrial incubation and acceleration plans, planning and layout of a number of future industries." As one of the major strategic directions of domestic energy transformation.
In view of the global promotion of decarbonization, the company believes that there is a huge room for domestic and global demand for hydrogen energy, and it is expected that the next decade will be a key strategic opportunity for the investment and application of hydrogen energy. However, because there is no natural hydrogen deposit on the earth, hydrogen must be extracted from other compounds by chemical methods. At present, there are mainly hydrogen production methods, such as coal chemical hydrogen production, methanol hydrogen production, water electrolysis hydrogen production, natural gas hydrogen production and so on. Hydrogen energy produced by water electrolysis technology powered by renewable energy such as photovoltaic power generation has zero carbon emissions in the production process, also known as "green hydrogen", which is a kind of green energy. Green hydrogen not only realizes the green cleaning of hydrogen energy in the whole life cycle, but also expands the utilization of renewable energy. With the significant reduction of photovoltaic power generation cost and the expansion of production scale, green hydrogen economy will no longer be the main obstacle. With its zero-carbon advantage, green hydrogen will become an important form of hydrogen energy supply.
The company will give full play to its strong scientific research capability, profound technology and experience in the field of photovoltaic power generation, and carefully study the use of the existing photovoltaic power generation platform to produce greenhouse gas-free hydrogen energy by water electrolysis technology. At the same time, natural gas accounts for more than 70% of global hydrogen production, which is the main source of hydrogen energy. Because of the advantages of rich resources, low production cost and mature technology, hydrogen production from natural gas, as a kind of "transitional clean energy", will play an important role in the implementation of the strategy of "carbon peak and carbon neutralization". To this end, considering the diversified layout of the company's hydrogen energy in the future, the company has signed a non-legally binding memorandum of understanding with Poly Xiexin Natural Gas Group Co., Ltd., a connected person of the company, making use of its rich natural gas resources overseas. it will be processed into liquid ammonia and then transported back to China to produce hydrogen, so that the company is expected to meet the hydrogen needs of major domestic steel mills, glass mills, ceramic factories and other major customers. Rapidly expand the company's production capacity to meet the huge market demand and build the company into a major international hydrogen energy supplier and integrated service provider.