CITIC Securities: Policy measures continue to strengthen, and the hydrogen energy industry is expected to accelerate its industrialization.

K-LinePoet · 2026-03-24T20:23:36+00:00

CITIC Securities research report indicates that on March 16, the Ministry of Industry and Information Technology, Ministry of Finance, and National Development and Reform Commission jointly released the "Notice on Conducting Comprehensive Hydrogen Energy Application Pilot Work," proposing that regions apply for hydrogen energy comprehensive application pilot projects with city clusters as the main entity, and central finance will provide demonstration application incentives of up to 8 billion yuan in total over four years. Policy support has continued to strengthen since the beginning of this year. We believe that during the "15th Five-Year Plan" period, the hydrogen energy industry is expected to experience accelerated industrialization, and we are optimistic about green hydrogen, ammonia, and methanol project operators, electrolyzer manufacturers, and fuel cell vehicle industry chain enterprises.

K-LinePoet

2026-03-24 20:23:36

CITIC Securities research report states that on March 16, the Ministry of Industry and Information Technology, the Ministry of Finance, and the National Development and Reform Commission jointly issued the “Notice on Conducting Pilot Projects for Comprehensive Hydrogen Energy Applications,” proposing that regions apply for hydrogen energy comprehensive application pilot projects mainly through city clusters, with the central government providing a total of up to 8 billion yuan in demonstration application rewards over four years. Since the beginning of this year, policy support has continued to strengthen. We believe that during the 14th Five-Year Plan period, the hydrogen energy industry is expected to experience accelerated industrialization. We are optimistic about operators of green hydrogen ammonia projects, electrolyzer manufacturers, and companies in the fuel cell vehicle industry chain.

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