Huatai Securities: 2026 may be the turning point year for the green hydrogen industry

Huatai Securities pointed out that on March 16, the Ministry of Industry and Information Technology, the Ministry of Finance, and the National Development and Reform Commission jointly issued the "Notice on Carrying Out Pilot Projects of Comprehensive Application of Hydrogen Energy", and the policy orientation has shifted from simple subsidies for vehicles to penetration in multiple scenarios. It is optimistic about the intensive catalysis of domestic green hydrogen policies, the further tightening of carbon emission constraints in overseas transportation, and the amplification of global energy price fluctuations under the disturbance of the geopolitical situation in the Middle East. 2026 may become a turning point for the green hydrogen industry, and it is optimistic that domestic green hydrogen project operators, ammonia equipment suppliers, and electrolysis tank equipment manufacturers are expected to benefit.