China Bets Big on Green Hydrogen
China is rapidly expanding its green hydrogen industry, making it one of the world’s biggest bets on a fuel seen as important to the global energy transition. Since the end of 2024, China has more than tripled its annual operational green hydrogen capacity to nearly 250,000 tons. This is more than double the combined capacity of the rest of the world. Under its latest five-year plan, Beijing aims to raise production to about 2 million tons annually by 2030. China’s strategy is supported by two major advantages: its enormous industrial base and its growing supply of renewable electricity. Industries such as steel, cement and chemicals remain difficult…