The industry calls for a return to rationality in hydrogen energy investment

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Industry calls for rationality in hydrogen energy investment Author/Source: Sinochem New Network Date: 31-03-2023 Clicks: 83 In response to the current trend of reckless investment in the hydrogen energy sector, several industry experts have recently suggested that investment in this area should be made more rationally. 　　Dong Chunyu, representative of CIMC Group, said that some inexperienced companies or investors, taking advantage of the growing interest in hydrogen energy, enter the competition by using price-cutting strategies, which poses a significant challenge to other companies that are deeply involved in this field. “Blindly expanding production capacity is not conducive to the healthy development of the industry; market competition drives down prices, which is not beneficial for companies to make long-term investments in technology, services, and other areas. ”He believes that the hydrogen energy industry should still strive for success through stability, and companies should compete with each other on the basis of product quality. 　　It is understood that the hydrogen energy industry is also highly sought after at the local level, with various local policies being introduced frequently. According to statistics from the Research Institute of the China Hydrogen Energy Alliance, as of February 2023, China had issued a total of 335 local policies related to hydrogen energy, of which 150 were development plans and 67 were related to financial support. “The hydrogen industry is still in its early stages of development, yet there are already signs of excessive investment. ”Wei Qiuli from the China Energy Economics Research Institute said, “The development of the hydrogen industry is constrained by factors such as land and water resources; not every location is suitable for its development.” ” 　　Wang Yingge, vice president of LONGi Hydrogen Energy Technology Co., Ltd., also believes that hydrogen energy in China is still in its infancy; the supply chain for this industry is not well-developed, and potential application areas have not yet been fully utilized. He suggested that the industry focus on technological innovation, business model innovation, or the identification of niche markets, working together first to address the most urgent and fundamental common issues facing the industry.