Over 100 billion dollars invested in hydrogen fuel cell projects

The investment scale of China's hydrogen fuel cell industry is growing rapidly under the impetus of national strategic guidance and market development.

According to Mao Zongqiang, a professor at the Institute of Nuclear Energy and New Energy Technology at Tsinghua University and chief scientist of the National 973 Hydrogen Energy Project, the 2017 hydrogen fuel cell investment project(put into production in 2020) alone reached more than 100 billion, and the production capacity was 170,000 hydrogen fuel cell engines.

Behind the intensive investment in the hydrogen fuel cell industry, a large number of companies began to deploy hydrogen fuel cells, but most of them are still in the pre-construction phase and have not produced actual returns, resulting in losses in corporate performance.

For example, the domestic veteran lead-acid battery giant Xiongtao shares(002733) 2017 annual performance bulletin showed that the company's total operating income during the reporting period was 2.797 billion yuan, an increase of 11.84 % year-on-year; The net profit of shareholders belonging to listed companies was 36.2935 million yuan, a year-on-year decline of 69.77 %. Xiongtao SHARES said that the main factor that caused the company's profit to decline is that the company has increased its investment in new energy fields such as fuel cell industry chain, IDC industry chain, energy storage industry chain, and lithium ion power battery. The project can not produce benefits in the short term.

In addition to Xiongtao shares, Great Wall Electric also stated that the fuel cell business related to the new source power is still in the research and development pilot phase, no industrialized products, and there are major uncertainties in subsequent R&D.

It can be seen that China's hydrogen fuel cell vehicle industrialization process still has a long distance.

Here are some new developments in the fuel cell sector this week:

1,General Motors will launch the world's first autonomous fuel cell platform

General Motors(GM) will launch its first autonomous flexible fuel cell platform, SURUS. The system is designed for commercial and military use and is scheduled to be unveiled for the first time at the AUSA autumn conference.

2, Ballard received Nisshinbo follow-up order

Foreign media reported that Ballard Energy Systems has announced that it has signed a follow-up order with Nisshinbo Environmental Protection and Energy Company. The two sides plan to take the previously announced technology solution to the next stage.

3, Ultra Electrics USSI signed FC drone contract

Foreign media reported that Ultra Electronics USSI signed a $1.2 million contract with ANNARBOR, and the company's D245XR and D350XR models will begin to use fuel cells. The D245XR and D350XR use today's most advanced solid oxide fuel cell (SOFC). The small drone system can last up to 8 hours.

4, the British Ministry of Transport 8.8 million pounds deployed hydrogen fuel cell project

A consortium of Shell, Hyundai, Toyota and Honda companies has won a # 8.8 M grant by the British Department of Transportation to upgrade and expand infrastructure at the UK hydrogen fuel cell bus station, foreign media reported. To increase the number of hydrogen station networks and hydrogen fuel cell vehicles in the United Kingdom.

5, HTEC and Shell cooperation to build hydrogen station

The Canadian company will set up its first hydrogen refueling stations in Greater Vancouver and Victoria in collaboration with Shell, allowing it to deploy its first 1,000 zero-emission hydrogen fuel cell electric vehicles(FCEVS) in British Columbia, foreign media reported.

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