China is preparing to build hydrogen energy industrial park in Wuhan this year.
The park is part of the country’s new “hydrogen city,” an urban development program.
Furthermore, it will also help develop the hydrogen fuel industry.
The project’s annual production is expected to stand at around 35 billion yuan.
Why Wuhan? This area located near the Yangtze River is the home of a large number of automakers, including Dofeng Motor Corporation, one of China’s top four vehicle manufacturers.
Another motivation for this project is forming an industrial chain incorporating fuel cell research, sale, and production.
Additionally, the project includes cooperation with other Chinese automakers to develop and produce buses powered by hydrogen fuel cells.
The first hydrogen city
This will be China’s first hydrogen city.
In detail, it will be located in Wuhan’s Economic and Technological Development Zone.
The initial investment for the project amounted to 11.5 billion yuan (about $1.7 billion).
This hydrogen city was funded by Shenzhen and is set to be completed between 2018 and 2020.
It will also gather over 100 fuel cell automakers and related companies.
Hydrogen city will have 20 charging stations
Around 20 hydrogen fueling stations will be built in this new hydrogen city.
These stations will support the running of approximately 3,000 fuel cell-powered vehicles.
Wuhan is set to become a global hydrogen city by 2025.
The plan is to have three to five global hydrogen enterprises by then, as well as 30 to 100 fueling stations.
So far, the annual production value of hydrogen fuel cells is estimated to exceed 100 billion yuan (around $15.6 billion).