2026 first half: Domestic hydrogen energy investment and financing remain active

On 2026/7/25, industry statistics show that investment and financing in China's hydrogen sector remained robust in the first half of the year, with over 25 equity deals completed.

I. Investment Overview

Although fuel cell vehicles face short-term headwinds, state capital remains bullish on the long-term growth potential of green hydrogen industrial applications and new energy-coupled hydrogen production. Provincial and municipal industrial funds across multiple regions are actively investing in key areas such as water electrolysis equipment, green hydrogen projects, and storage and transportation technologies.

II. Regional Investment Hotspots

1. Chongqing: Launching multiple hydrogen energy investment projects, focusing on fuel cell core components 2. Inner Mongolia: Leveraging abundant wind and solar resources to advance major integrated wind-solar-hydrogen projects 3. Northwest Region: Gansu, Ningxia, Xinjiang, and other areas have introduced policies to support the hydrogen energy industry

III. Changes in Investment Focus

Investment focus has shifted from early-stage fuel cell vehicles to upstream areas such as water electrolysis equipment, green hydrogen project development, and hydrogen storage and transportation technologies, reflecting the industry's recognition of green hydrogen's long-term value.

IV. Financing Cases

In the first half of the year, electrolyzer manufacturers, green hydrogen project developers, and hydrogen storage and transportation technology companies emerged as investment hotspots, with individual funding rounds typically exceeding $100 million.

Shanyao New Energy's deep expertise in green hydrogen project development and water electrolysis has consistently attracted capital market attention, providing strong support for the company's future expansion.