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Qingdao's hydrogen hub attracts landmark investment for expansion

chinadaily.com.cn| Updated: July 16, 2024

On July 12, the Qingdao Hydrogen Energy Industry Park in Qingdao West Coast New Area hosted a signing ceremony for key projects, marking a significant step forward with an investment of 2.3 billion yuan ($316.57 million) across six initiatives.

These projects complement the park's existing portfolio, which now encompasses nine projects with a combined investment of 9.76 billion yuan. The park is dedicated to hydrogen energy equipment, fuel cells, and related financial services, aiming to become a hub for the industry.

Spanning an area of 1,266 mu (approximately 84.4 hectares), the Qingdao Hydrogen Energy Industry Park is the city's sole professional park for the hydrogen energy sector. It concentrates on the advancement of fuel cell systems, hydrogen production, storage and refueling equipment, and key materials for hydrogen energy.

The park's strategy includes a synchronized approach to investment attraction and infrastructure planning. It has been developing new roads, pipeline networks, and standardized factory buildings to support the incoming projects. This proactive infrastructure ensures that once completed, projects can commence operations swiftly.

In addition to infrastructure development, the park has prioritized soft power by establishing cooperative relationships with prestigious universities and research institutions, including Tsinghua University and Huazhong University of Science and Technology.