Technology Development and Financing Trends Across the Green Hydrogen Value Chain in China

The report analyzes the green hydrogen value chain in China across production, storage and transport, and utilization, noting that while investment in startups has accelerated since 2020, risks remain regarding technology, operations, and capital markets.

• The green hydrogen value chain in China is divided into production, storage and transport, and utilization. In the production stage, domestic electrolyzer manufacturers and suppliers are focusing on the localization and domestic substitution of materials and components. Because green hydrogen is currently more expensive than grey hydrogen, targeted policy support is essential for scaling deployment.
• China's hydrogen storage and transport sector is transitioning from demonstration to commercialization, with expected increases in demand and complexity. Innovation in this area is primarily driven by international cooperation, cross-industry technology transfer, and collaboration between research institutions, academia, and industry.
• Green hydrogen is identified as a practical decarbonization tool for the chemicals and steel industries, provided there is a stable and cost-competitive supply. In transport, fuel cell vehicles are particularly advantageous for heavy-duty, off-route, and long-haul scenarios.
• Funding for green hydrogen companies has increased over the last ten years, with a notable acceleration after 2020. Despite the potential, investors face risks related to capital market dynamics, business operations, and technology development.

APA

RMI (2025). Technology Development and Financing Trends Across the Green Hydrogen Value Chain in China. https://rmi.org/resources/technology-development-and-financing-trends-across-the-green-hydrogen-value-chain-in-china/

Chicago

RMI. Technology Development and Financing Trends Across the Green Hydrogen Value Chain in China. 2025. https://rmi.org/resources/technology-development-and-financing-trends-across-the-green-hydrogen-value-chain-in-china/.

Wikipedia

{{cite report |author=RMI |title=Technology Development and Financing Trends Across the Green Hydrogen Value Chain in China |date=5 November 2025 |url=https://rmi.org/resources/technology-development-and-financing-trends-across-the-green-hydrogen-value-chain-in-china/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2025technology, author = {{RMI}}, title = {{Technology Development and Financing Trends Across the Green Hydrogen Value Chain in China}}, institution = {RMI}, year = {2025}, month = nov, url = {https://rmi.org/resources/technology-development-and-financing-trends-across-the-green-hydrogen-value-chain-in-china/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }