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Home Hydrogen Production

The overseas expansion of China’s electrolyser manufacturers

Editor by Editor
2 years ago
Reading Time: 2 mins read
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China’s leading electrolyser manufacturers now are eagerly exploring business opportunities in oversea markets amid global trend of green hydrogen transition.

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Chinese electrolysers are highly cost competitive for low cost and good performance, particularly for ALK electrolysers.

BloombergNEF said China’s ALK electrolysers are 70% cheaper than western peers, our intelligence resources show that latest major procurements of ALK electrolysers for China’s domestic green hydrogen projects ranging from $200/kw to $230/kw, in accordance with BNEF’s survey.

With the cost advantage, China’s electrolyser manufacturers are trying to gain leading position in global market. We observed that several advancements have been achieved in 2023, including:

Longi, which is already the world largest solar producer and set to become one of the largest ALK electrolyser producer, has signed a contract in July with an India client to supply electrolysis equipment.

Longi has 1.5 GW of electrolyser manufacturing capacity by 1st half 2023 and the company is expected to expand to 5-10 GW by 2025 to meet the market demand.

On June 16, 2023, CPU Hydrogen Power Technology (Suzhou) Co., Ltd. officially signed a cooperation agreement with DCH Group from Germany.

As an agent, DCH will collaborate with CPU to provide hydrogen generation equipment for the regions of Germany, Switzerland, and Austria.

Dddddd

On June 26th, HYZEC, the electrolyser branch of Horizon, announced that it will cooperate with Anglo American Group to explore global PEM electrolyser market.

Horizon is the holding company of US listed Hyzon Motors which dedicated to innovation and production of zero-emission commercial vehicle.

Anglo American plc is a British multinational mining company with headquarters in London, England. It is the world’s largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal.

In March, Kylin Tech reached a cooperation agreement with Egyptian local governments and enterprises: the two sides will jointly build green ammonia projects in Egypt, and establish a joint venture company to facilitate the construction of green hydrogen infrastructure in Egypt.

The joint venture will be controlled by Kylin Tech and will initially have the capacity to produce 500MW of electrolysers.

Kylin Tech is located at Shenzhen and focused on both ALK and PEM electrolysers.

Source: China Hydrogen Bulletin


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