On November 8th, the officially released Energy Law included hydrogen energy, marking a historic opportunity for the hydrogen energy industry. The Energy Law clearly stipulates that "the state encourages the development of clean energy, including hydrogen energy, and promotes the research and development, application, and industrialization of hydrogen energy technology." This provision provides clearer legal support for the development of hydrogen energy, indicating the state's emphasis on the hydrogen energy industry in the process of energy structure transformation.
The unique advantages and strategic significance of hydrogen energy
Hydrogen energy is hailed as the "future energy" as a zero emission energy source. In China, hydrogen energy not only occupies an increasingly important position in the green energy system, but also provides new impetus for achieving carbon peak and carbon neutrality goals. According to the "China Hydrogen Energy Industry Development Report (2023)", the market size of hydrogen energy is constantly expanding, and it is expected that by 2030, the overall market size of the hydrogen energy industry will reach the trillion level.
After hydrogen energy is included in the Energy Law, it will bring multiple positive impacts to the hydrogen energy industry, and policy support will be strengthened.
The inclusion of hydrogen energy in the Energy Law means that the country will give more attention and support to hydrogen energy at the policy level. From technology research and development to market promotion, the development of the hydrogen energy industry will receive more systematic and long-term policy guarantees.
Industry standards are gradually improving. With the clear positioning of hydrogen energy under the legal framework, the construction of relevant industry standards and regulations will also accelerate. For example, technical standards and safety regulations for hydrogen production, storage, transportation, and use will gradually be introduced, laying the foundation for the healthy development of the industry.
Promote investment and marketization process. The inclusion of hydrogen energy in the Energy Law will not only stimulate more capital inflows into this field, but also promote the participation of market entities, promote the improvement of the hydrogen energy industry chain and the marketization process. This is an important opportunity for hydrogen energy companies, especially small and medium-sized enterprises.
Promote the diversified development of green energy. Under the framework of the Energy Law, hydrogen energy, as a part of clean energy, together with renewable energy such as solar and wind energy, constitutes a diversified pattern of future energy. This transformation will help optimize China's energy structure and achieve a win-win situation for both the economy and the environment. The inclusion of hydrogen energy in the Energy Law is a key step for the country to promote energy structure transformation and achieve carbon neutrality goals. For the hydrogen energy industry, it is both an opportunity and a challenge. As practitioners in the hydrogen energy industry, we should seize this historic opportunity, accelerate technology research and industrialization, promote the application of hydrogen energy in a wider range of fields, and contribute more to the green energy revolution.