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On November 21, 2024, the Development and Reform Commission of Xingan League issued a approval decision regarding the approval of the Yuanjing Xingan League Energy Internet Zero-Carbon Hydrogen Production Project. The documents show that the project owner is Vision Green Gas (Xing’an League) Co., Ltd., and the construction site is located in Zhalaitai Banner, Xing’an League. Main construction contents and scale of the project: The total installed capacity of this phase of the project is 1250 MW. New facilities will be built, including 220 KV step-up substations and operation management centers, wind turbines, energy storage systems, box-type substations, power collection lines, access roads, and maintenance roads. Total project investment: The total investment amounts to 5.035 billion yuan, of which 20% is funded by the entity itself, while the remaining 80% is obtained through bank loans. It is understood that this project is the first market-based new energy consumption project approved in Xingan League for 2024. It is planned to have a wind power capacity of 1.25 million kilowatts, with an annual hydrogen production volume of 56,200 tons. The electrical energy storage system will account for 24% of the total new energy installation capacity, with a storage duration of 1 hour, corresponding to 300,000 kilowatts/300,000 kWh. The water used for hydrogen production is surface water supplied from the Meng Economic and Technological Development Zone. The hydrogen application is in the 300,000-ton synthetic ammonia project built as a supporting facility, with the green ammonia produced being mainly sold to overseas markets. The equipment used across the entire value chain of this project (including fans, hydrogen production equipment, and energy storage devices) is manufactured in-house, offering better cost-performance and further improving the project’s net return rate.