China is starting to catch up with green hydrogen

shanghai

Employees test fuel cell batteries in a laboratory.

(Photo: Bloomberg)

Beijing For the Chinese government, green hydrogen is a future technology with which it wants to play a global pioneering role. Technologically leading German manufacturers such as Siemens and Thyssen-Krupp “are threatened in the medium term by fierce competition similar to that of the solar industry,” warns Nis Gr├╝nberg of the Chinese think tank Merics. The research institute released a study on China’s hydrogen ambitions on Tuesday, which the Handelsblatt reported exclusively in advance.

According to the study, the lure of higher sales and cheaper hydrogen production in China has already prompted several European electrolysis equipment manufacturers to join forces with local suppliers and manufacture in China. This brings China closer to its long-term goal.

Foreign companies and governments should take precautions “to ensure they don’t sacrifice their long-term competitiveness for short-term gains,” the authors warn. Because China has also become so strong in the solar industry because Germany and Europe have exported their technologies, industry experts say.

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