Hydrogen electrolyzers latest star export item

Technicians inspect hydrogen electrolyzer operations at a plant in Aksu prefecture, Xinjiang Uygur autonomous region, in August 2023. Chinese hydrogen electrolyzer exports are experiencing an unprecedented surge, propelled by booming demand for sustainable solutions in Europe and the Middle East, catapulting this once niche equipment onto the international stage, executives and analysts said. Beijing Peric Hydrogen Technologies Co, a manufacturer of hydrogen electrolyzers, has seen its export revenue double for three consecutive years due to surging global demand, said Li Haipeng, the company's marketing director. The company's export value of hydrogen electrolyzers reached approximately 70 million yuan in 2021, followed by a surge to around 170 million yuan in 2022 and a further jump to nearly 300 million yuan in 2023, Li said, adding that over the next 10 years, order volumes are expected to be over 10 times current levels. Drawing parallels with China's largest-scale photovoltaic-based green hydrogen plant in Kuqa, Xinjiang Uygur autonomous region — where 20,000 tons are produced annually, requiring hydrogen electrolyzer usage — the EU's vision dwarfs existing benchmarks, said Du Jiaen, deputy general manager for overseas markets of Sinohydo.