Pengfei Group Leading the Way: Green Development Through Hydrogen Energy
Key Ideas
- Pengfei Group, a top 500 enterprise in China, is integrating hydrogen energy into its strategy for energy transformation and upgrading, aligning with China's dual carbon goals.
- The company has established a hydrogen energy industrial park with advanced processes and equipment, showcasing full-industry-chain layouts and full-scenario applications.
- Multiple hydrogen energy projects are operational, including hydrogen production, refueling stations, and hydrogen-powered vehicles, with a focus on innovation and patents in the field.
- Through government guidance funds, green finance, and support from local governments and financial institutions, Pengfei Group has overcome financing challenges, ensuring solid growth in its hydrogen energy business.
Zheng Peng, the board chairman and president of Pengfei Group, presented the company's innovative practices at the 2025 Global South Financiers Forum in Beijing. Pengfei Group, based in Xiaoyi City, Shanxi Province, is committed to China's dual carbon goals and aims to become a global leader in clean energy. The company's focus on hydrogen energy includes production, storage, transportation, and utilization, with a hydrogen energy industrial park that demonstrates advanced processes and full-industry-chain layouts. Operational projects involve hydrogen production, refueling stations, and hydrogen-powered vehicles, showcasing the company's significant progress in the field. Pengfei Group has also collaborated with China Mobile Shanxi branch to establish an AI industrial intelligence laboratory for the hydrogen energy industry. The company's success in overcoming financing challenges through government guidance funds, green finance, and support from local governments and financial institutions highlights its commitment to sustainable growth in the hydrogen energy sector.