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

This report provides an overview of China's green hydrogen value chain—comprising production, storage and transport, and utilization—to identify investment opportunities and challenges for climate tech investors.

• The green hydrogen value chain in China is divided into three stages: production, storage and transport, and utilization. In the production stage, domestic electrolyzer manufacturers and upstream 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 considered critical for scaling deployment and reducing costs.
• China's hydrogen storage and transport sector is transitioning from demonstration to commercialization. Early-stage innovation in this sector is driven by three primary channels: international cooperation, collaboration between academia, research institutions, and industry, and cross-industry technology transfer.
• In terms of utilization, green hydrogen is identified as a practical decarbonization solution for the chemicals and steel industries, provided there is a stable and cost-competitive supply. For mobility, fuel cell vehicles are particularly advantageous for heavy-duty, off-route, and long-haul transport scenarios.
• Investment in green hydrogen startups has accelerated since 2020, though it remains subject to 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} }