CHINA AHEAD ON ELECTROLYSERS
China is installing 2.5GW of hydrogen electrolysers in 2024, beating the rest of the world combined. UK is aiming for 10GW by 2030 but has hardly reached 1% of that target and seems to be lagging. The investment required to achieve this is about £2.5 bn. To use this new Chinese green hydrogen, industries like steel, ammonia, cement and refineries are being supported by NDRC (National Development and Reform Commission) to ensure success by 2030.
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