SINOHYTEC (02402) surged over 7%, rising 7.63% to HK$29.64 with turnover of HK$71.5579 million as of press time.

On the news front, the EPC general contracting tender for the hydrogen production component of Phase I of the Zhangjiakou Wind-Hydrogen Integration Source-Grid-Load-Storage Comprehensive Demonstration Project has recently been launched. According to the tender announcement, the project is located in Zhangbei Town, Zhangbei County, Zhangjiakou City, with a construction scale including a 16,000 Nm³/h hydrogen production system, an 8,000 Nm³ hydrogen energy storage system, and a 40-megawatt hydrogen fuel cell power generation system. This project represents Hebei Province's first large-scale wind-hydrogen integration project.

The project is led by Hebei Guochuang Hydrogen Energy Technology Co., Ltd., an indirectly held company of SINOHYTEC, aiming to reduce green hydrogen production costs through off-grid renewable energy hydrogen production and promote large-scale application of fuel cell vehicles.

As the hydrogen energy industry enters a rapid development phase, fuel cell system costs have declined significantly in recent years. With support from national and local policy incentives, the purchase cost of fuel cell vehicles has gradually approached the threshold for market-oriented promotion. However, hydrogen supply, particularly the high price of green hydrogen, remains a key bottleneck constraining the industry's large-scale development. This demonstration project specifically addresses this pain point.

According to preliminary calculations, once the project reaches full production capacity, the cost of green electricity-based hydrogen production is expected to drop below 18 yuan/kg, providing strong support for the large-scale promotion and application of fuel cell vehicles, while also establishing a sustainable and replicable economic development model for China's hydrogen energy industry.