China's Green Hydrogen Dominance and Canadian Ambitions
Key Ideas
- China invested US$42 billion in green hydrogen in 2023, leading to the installation of one gigawatt of hydrogen electrolyzer capacity.
- Chinese universities are at the forefront of green hydrogen research, with the country responsible for over half the world's green hydrogen patents in 2018 and 2019.
- China is expected to produce more hydrogen than the rest of the world combined by the end of this year, signaling a green hydrogen boom.
- A Canadian firm in Vancouver aimed to capitalize on China's green hydrogen advancements, showcasing the global interest and potential in the sector.
China's remarkable investment of US$42 billion in the green hydrogen sector in 2023 has positioned the country as a dominant force in the field. With the installation of one gigawatt of hydrogen electrolyzer capacity, China is set to outproduce the rest of the world combined in terms of hydrogen by the end of the current year. Chinese universities have established themselves as leaders in green hydrogen research and innovation, contributing to over half of the global green hydrogen patents in both 2018 and 2019. This wave of advancements has sparked a green hydrogen boom, attracting attention and investment globally. One such example is a Canadian firm based in Vancouver, which aspired to be part of China's green hydrogen success story, highlighting the growing interest and ambitions in the green hydrogen industry. The developments in China not only showcase technological progress but also represent significant economic implications and potential industry growth in the green hydrogen sector.