Green Horizon: NETDA charges forward in hydrogen energy

Nantong Economic and Technological Development Area co-hosted the second edition of Green China·Green Energy Investment Salon with the investment promotion agency of the Ministry of Commerce in Shanghai on Nov 6. With the theme "Cross-border Cooperation, Hydrogen Leading the Future," the event attracted 40 representatives from prominent domestic and foreign enterprises, including Jufu Group and China Southern Power Grid, fostering collaboration in the new energy and hydrogen sectors.  

Green China·Green Energy Investment Salon was co-hosted by NETDA in Shanghai on Nov 6. [Photo/WeChat account: gh_78ba52d6e1ed]

Recognized as one of the first 14 national-level economic and technological development areas by the State Council, NETDA has embraced the nation’s schedule in reaching carbon peak and strategy in achieving carbon neutrality. The area’s new energy industry achieved a remarkable 149% growth last year, reaching an output value of 26 billion yuan ($3.56 billion).

In response to the evolving industrial landscape, the development area is strategically positioning itself in the hydrogen energy sector. Initiatives include the construction of a hydrogen energy demonstration zone and an industrial park, promoting hydrogen applications across various domains for sustainable, low-carbon development.

During the event, NETDA unveiled plans to attract 30 to 50 core enterprises in the hydrogen energy industrial chain over the next three to five years, aiming to generate a minimum output value of 20 billion yuan. To support this endeavor, a  one billion earmarked development fund will be established, with a special task force set to specifically attract investment in this field.

Cao Haifeng, deputy Party secretary and director of the management committee of NETDA, emphasized the area's appeal for investors, citing a comprehensive policy framework, attractive incentives for innovation, and a robust fund support system. Through the salon, the area showcased its commitment to green energy and transition. Looking ahead, the area invites further exploration, anticipating increased investments and partnerships in the burgeoning hydrogen energy industry.