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Eli Green Energy invests in Ningbo Hydrogen Energy Innovation Center in an effort to develop the hydrogen production and transportation industry chain. Author/Source: Yihua Coal Chemical Industry. Date: 2020-09-01. Clicks: 8. On August 28, a ceremony for the signing of major projects in Ningbo’s Hangzhou Bay New Area was held at the Ningbo Administrative Conference Center. Relevant leaders from Zhejiang Province and Ningbo city, as well as officials from various levels in the new area and representatives of the parties involved in the project signings, attended the ceremony. Of the 15 projects signed in the new area this time, 14 are advanced manufacturing projects, with a total investment of 21.53 billion yuan. The green development of the new area requires new energy sources to provide sustainable power; the Ningbo Hydrogen Energy Innovation Center and the Hydrogenation/Dehydrogenation Equipment Industrial Park are the only new energy industry platform projects that were part of these agreements. To this end, the Ningbo New Area has brought in five companies: Huyang New Energy Holding Co., Ltd., Ely Green Energy (600277) Co., Ltd., Inner Mongolia Junzheng Energy Chemical Group Co., Ltd., China Wuhuan Engineering Co., Ltd., and Ningbo Industrial Investment Group Co., Ltd. Based in the Yangtze River Delta, with a focus on the entire country and in connection with international standards, these companies work together to create an integrated innovation ecosystem in the hydrogen energy sector that combines research, development, production, and application. Erlie Clean Energy holds significant industrial advantages in developing the hydrogen industry: it has invested heavily in building the Dalaat Industrial Park and the Kubuqi Industrial Park, and possesses large-scale hydrogen production facilities based on electrolysis, coal gasification, and reforming processes, with an overall hydrogen production capacity of over 600 million Nm3 per year. It also boasts extensive experience in production, technology, and management. Leveraging the achievements in ecological restoration in the Kubuqi Desert as well as its natural resources, it has collaborated with companies such as China General Nuclear Group and Chint to build 1 million kilowatts of ecological photovoltaic facilities. It possesses mature experience in the operation and maintenance of large-scale photovoltaic systems, thus having the necessary foundations for developing large-scale photovoltaic hydrogen production. At the same time, building on its existing large-scale ecological photovoltaic projects in the Kubuqi Desert, the company is expanding into the sandy areas in the west, with plans to further increase the scale of photovoltaic installations during the 14th Five-Year Plan period in order to establish large-scale \"green hydrogen\" production facilities. Additionally, on August 28, Ely Green Energy (600277.SH) announced that it, together with Hydrogen Yang New Energy Holding Co., Ltd. (hereinafter referred to as “Hydrogen Yang New Energy”) and China Wuhuan Engineering Co., Ltd. (hereinafter referred to as “China Wuhuan Engineering”), intends to sign a Memorandum of Agreement among the sponsors regarding the establishment of Ningbo Hydrogen Energy Innovation Center Co., Ltd. (hereinafter referred to as “the Hydrogen Energy Innovation Center”). Through friendly consultations among the sponsors, they have agreed to jointly establish this company in order to make full use of each party’s resources and strengths to carry out research, development, and technical consulting in areas such as hydrogen energy production and storage technologies, new energy application technologies, equipment technologies, material technologies, as well as hydrogen fuel cell technologies and their applications. The registered capital of the Hydrogen Energy Innovation Center is 50 million yuan; the company plans to invest 5 million yuan and hold a 10% stake in it.