Please see below five technology areas that we believe pose the most opportunities in China. Please get in touch with us if you wish to discuss more about them.
Hydrogen is the critical component of reacting to climate change and constructing a net-zero society. China has formed an ambitious plan to transformed itself into a hydrogen economy, by substantially increasing the production and usage of green hydrogen in the next decade. China has set the target to achieve over 50% hydrogen product from renewables, put 1million hydrogen fuel cell vehicles on the road, and build over 1000 hydrogen refueling stations, all by 2030.
Across the hydrogen business value chain in China, we see the following opportunities for global cleantech companies and investors:
A cost-effective electrolyser is a key to the development of green hydrogen. Currently, in China, alkaline water electrolyser technology is relatively mature and ready for large-scale production, but proton exchange membrane (PEM) water electrolysers and solid oxide water electrolysers still have plenty of room for improvement and are hence in high demand.
Hydrogen storage and transportation
Hydrogen storage and transportation are the key enabling technology for the advancement of hydrogen and fuel cell technologies in applications including stationary power, portable power, and transportation. We expect to see in China a substantial increase in investment into the relevant technologies such as high-pressure hydrogen storage, liquified hydrogen storage, solid adsorption/ absorption storage pipeline hydrogen transmission, etc. We have got a lot of interest from important industry players in China to seek partnerships with global technology providers in this sector.
Fuel cells technology
Innovations in membrane electrode, air compressor control technology, Solid oxide fuel cell (SOFC) technology, hydrogen circulation systems, etc, are in high demand.
Fuel cell electric vehicle (FCEV)
A lot of market attention on chassis and power system integration technology, efficient heat dissipation technology, and all the other core technologies that can improve the reliability, safety, and environmental adaptability of fuel cell vehicles.