On December 8, 2022, the launching ceremony of Shanghai Electric hydrogen generation equipment and the unveiling ceremony of Shanghai Electric Hydrogen Equipment Era Technology Co., Ltd. (“Hydrogen Equipment Era”) were held in Shanghai. Bai Tinghui, Secretary of the Party Committee and Head of Shanghai Municipal State-owned Assets Supervision and Administration Commission, and Chen Huawen, Deputy Party Secretary and Head of Minhang District, attended the event. Leng Weiqing, Secretary of the Party Committee and Chairman of Shanghai Electric Group, made a speech.

Hydrogen power, the new key to modern energy system, is dubbed the clean energy with the greatest potential. Its role as a significant path towards deep decarbonization, carbon peaking and carbon neutrality has been recognized by the whole world and society. The unveiled Hydrogen Equipment Era represents an important step of Shanghai Electric to realize the “4+2+X” strategy. Based on technological development of PEM and alkaline water electrolysis, the new company will provide advanced, reliable, customizable hydrogen generation product and energy system solutions.

At the ceremony, two hydrogen generation products were launched, including the “alkaline water electrolysis equipment”, with a unit output of 1,500N?/h. The product uses a new type of high-performance electrodes and features high electrolysis efficiency, long service life, and low operation cost. The other new product, “PEM water electrolysis equipment” has a unit output of 50N?/h. It uses highly active catalyst and highly conductive, corrosion-resistant bipolar plates, and features high electric current density, low energy consumption, and rapid dynamic response. The two products adopt modular design to meet the need to generate hydrogen in a large-scale, integrated, green way, ranking the national top currently.

Leng Weiqing noted in his speech that the establishment of Hydrogen Equipment Era signified a solid step of Shanghai Electric in the hydrogen power industry. It puts into practice the requirements of the 20th National Congress of the CPC, and satisfies the need to promote high-quality development. The two new products show to the world the strength and capability of Shanghai Electric in PEM and alkaline water electrolysis, consolidate the foundation of Shanghai Electric on a new track, and enhance its confidence and determination to push ahead with the hydrogen power strategy. Shanghai Electric will pull full efforts in such aspects as technological R&D and system integration of hydrogen power, accurately and rapidly enter the market, build “generation-storage-refueling-use” whole-chain competence, and offer high-end green hydrogen generation equipment and comprehensive system solutions to global clients. Shanghai Electric is ready to cooperate with various stakeholders to leverage the advantages in China’s market size, industrial base, industrial chain coordination, and government organization, and embrace a new wave of technological and industrial revolution. It aims to become a frontrunner in hydrogen power, develop advantage in global technological and industrial competition, realize win-win results and contribute Chinese wisdom, Shanghai solutions, and Shanghai Electric power to the growth of global hydrogen power development.

At the ceremony, Hydrogen Equipment Era and its partners Pujiang Gases and ICT Developer signed strategic cooperation agreements, and it signed the first hydrogen generation, storage and refueling system equipment agreement with Pujiang Gases. Together, Hydrogen Equipment Era and its partners will build a strategic cooperation platform with industrial appeal and competitiveness.

Chen Ganjin and Yang Hong, both Member of the Party Committee and Vice President of Shanghai Electric, attended the ceremony anchored by Jin Xiaolong. Leaders from related government departments of Minhang District, business partners, and other competitors and representatives from various industrial groups and subsidiaries of Shanghai Electric also attended the ceremony.