Pengfei Group Leading the Way in Hydrogen Energy Innovation for Global South
Key Ideas
- Pengfei Group showcases 'dual carbon' practices integrating hydrogen into energy transformation, aiming for carbon neutrality by 2060.
- The company has established a hydrogen energy industrial park with a complete industrial chain and advanced technology, setting a global example.
- With multiple operational hydrogen projects and industry standards, Pengfei Group positions itself as a leader in the hydrogen energy sector.
- Innovative financing models, including government guidance funds and green finance, are driving the growth of the company's hydrogen energy business.
Zheng Peng, the board chairman and president of Pengfei Group, presented the company's innovative approach to integrating hydrogen energy into its overall strategy at the 2025 Global South Financiers Forum in Beijing. Pengfei Group, a top 500 enterprise in China, is based in Xiaoyi City, Shanxi Province, and is committed to China's dual carbon goals. The company has invested in hydrogen energy production, storage, transportation, and utilization, establishing a hydrogen energy industrial park with cutting-edge technology and a full industrial chain. Pengfei Group's hydrogen projects, including hydrogen production and refueling stations, showcase its leadership in the sector. Additionally, the company's focus on patents and industry standards underscores its commitment to advancing hydrogen energy. By implementing innovative financing models such as government guidance funds and green finance, Pengfei Group is overcoming financing challenges and driving the growth of its hydrogen energy business.