Energy Game Reshuffled with Big-techs, China Clean Energy Syndicate

Last week is, as usual, a hectic week with various hydrogen new deals and milestone projects. However, do keep an eye on the existing development in the new policy boosting storage sector, too.

Our picks of China clean energy market updates from last week: 

  • Net-Zero Investment: China’s big-techs have participated in the crowded clean energy market, with growing interest in energy storage, distributed renewables and other sectors–the most recent development is a cooperation deal between JD and wind company Goldwind
  • Hydrogen: investment scene remains heated, with new major development announced by Sinopec, CNPC and Jinko; Meanwhile, Guangdong launched its first fuel cell ship.
  • Wind: while China’s offshore wind market has exceeded 10GW installed capacity, the first floating turbine comes into the spotlight
  • Energy Storage: China’s data centre constructions are set to benefit EV battery recycling business

Please scroll down for the 10 updates from last week.

Meanwhile, Energy Iceberg will be speaking on the Hydrogen Blue Talks Programme of Nor-Shipping (Oslo June 2, 2021). We will briefly talk about China’s opportunity to international shipping companies. Stay tuned.


Net-Zero Investment

Big-Techs Take Big Step in New Energy Investment, as JD-Goldwind Deal suggests

JD Property, a subsidiary of JD.com signed a contract with Beijing Tianrun New Energy Investment last week to establish a joint venture focusing on clean energy development, investment and operation. The latter is a wholly-owned renewable project development subsidiary of China’s leading wind turbine maker Goldwind.

The new venture will focus on the demand-side distributed renewable projects development and provide energy-efficient solutions, integrated energy services, low-carbon green solutions and smart energy management.

Energy Iceberg’s Note: Before this deal, another internet powerhouse Xiaoju Technology (the parent firm of Didi Taxi) entered the EV charging market and was recently recruiting for its PV and energy storage business.

Integrated energy solution services and energy storage (both supply-side and demand-side) are vital areas attracting investment from the big-techs.

Wind Power

China’s first floating wind turbine ready for installation

Ming Yang has assembled the 5.5MW turbine for China’s first floating offshore wind demonstration project.

Its MySE5.5MW typhoon-resistant floating wind turbine will have a 158-metre rotor diameter and will be installed on a semi-submersible platform. China Three Gorges Corporation (CTG) will own and operate the pilot project.

It will be located close to other offshore wind farms CTG has developed off Yangjiang City in the country’s southern Guangdong province.

Energy Iceberg’s Note: the project is led by China Three Gorges, SGIDI Engineering Consulting Corp (a subsidiary of CTG, 上勘院), Ming Yang, and South University of Technology. The wind farm to host the floating project is CTG’s Shapa offshore wind farm.

The milestone marks the team is one step ahead compared to two other floating projects–led by Shanghai Electric & Shanghai-government run developer and one led by CSIC. More info on China’s floating offshore wind project lists.

Offshore Wind Capacity in China Exceeded 10GW

Statistics from National Energy Administration (NEA) shows that China had connected 10.42 GW of offshore wind energy capacity to the power grid as of the end of April, which has exceeded the UK’s offshore wind figure of 10.21 GW end of 2020.

In the first four months of this year, the country’s offshore wind installations generated 9,940 GWh of electricity, accounting for 0.39% of the national total, NEA said.

Hydrogen

Jinko Solar Announces to Set Foot in Hydrogen

Jin Rui, the CEO of Jinko Solar, recently announced that the company would expand its investment to power trading, carbon trading, and solar-based power-to-gas projects. Jin stated that Jinko Solar would take PV project development as the basis and gradually move to the whole PV value chain.

Currently, the company has built more than 350 photovoltaic power plants in more than 20 provinces in China. Its domestic grid-connected capacity exceeds 3GW, and the overseas power station capacity is 3.4GW (in the pipeline). The annual power generation is nearly 4000 GWh.

Sinopec kicked off its Flagship Green Hydrogen Project

Chinese national oil company China Petroleum & Chemical Corporation (Sinopec) recently announced that it expects to launch its first green hydrogen for petrochemical project, a zero-carbon fuel production project based on renewable power-to-gas, in Inner Mongolia to start operation in 2022.

  • The ¥2.6b green hydrogen plant in the Ordos, which will use solar and wind, is designed with an annual H2 production capacity of 20,000 tonnes.
  • The first phase will establish a PtG facility of 10,000 tonnes capacity, supported by 270MW of solar power and 50 MW of wind power.
  • The green hydrogen will be consumed by Sinopec’s Zhongtian Hechuang coal-to-chemicals project in Ordos.

Sinopec set a goal to become China’s first hydrogen energy company.

Guangdong Launched its First Fuel Cell Ship in Foshan

Guangdong Province last week launched the province’s first hydrogen fuel cell leisure ship, the Xianhu I, in Foshan City.

Measuring 12 meters long and 4 meters wide, the ship is fitted with a 30-kW hydrogen electricity generator to ensure autonomous navigation of at least 10 hours with 20 to 30 passengers on board. The vessel has high performance in environmental protection, comfort, energy-saving as well as low noise pollution.

Speaking about fuel cell ships, on June 2, Energy Iceberg will be speaking at the Hydrogen Blue Talks session of the “Ocean Now” programme of Nor-Shipping (2021 Oslo). We will brief on the opportunity of China’s hydrogen market for the international maritime industry.

Stay tuned!

Join this Interesting Event here.

CNPC Establishes Hydrogen Energy Research Institute

The China National Petroleum Corp (CNPC) Petrochemical Research Institute, a directly affiliated research institution of CNPC, announced establishing three new research institutes for hydrogen energy, biochemical and new materials at a meeting.

The Hydrogen Energy Research Institute will focus on hydrogen energy industry-related technology research such as hydrogen production, extraction, storage, transportation, efficient utilization, fuel cells and energy storage technology. The Institute of Biochemical Engineering researches technologies such as biomass fuels while bio-based materials and chemicals.

Energy Storage & Charging

China Kicks off the World’s First Compressed Air System of +100MW

China Power Construction Hydropower Fourth Bureau (Fourth Bureau) and Shanghai Giant Energy Technology recently signed a general contract for a 100mw advanced compressed air energy storage EPC project, which signifies the Fourth Bureau officially won the bid for the world’s first set of compressed air system.

The construction scale of the project is 100 MW/400 MWh. After the project is completed, it will become the world’s first 100 MW new compressed air energy storage system.

China Encourages Large-Scale Use of Recycled EV Batteries in Data Centers

Four of the country’s top regulatory and policymaking authorities – the National Development and Reform Commission (NDRC), Cyberspace Administration of China, Ministry of Industry and Information Technology (MIIT) and the National Energy Administration last week jointly released a new national data centre strategy to further expand the country’s digital economy, while meeting Beijing’s ambitious green targets.

The strategy proposed that:

  • China will set up national data centre hubs in the Beijing-Tianjin-Hebei area, the Yangtze River Delta region, the Guangdong-Hong Kong-Macau Greater Bay Area, the Chengdu-Chongqing city cluster, Guizhou province and the Inner Mongolia autonomous region, as well as the northwestern province of Gansu and the Ningxia Hui autonomous region.
  • Under the premise of satisfying safe operation and maintenance, it is encouraged to use recycled EV battery products like energy storage and backup power devices in the data centres.
  • Make full use of renewable energy such as wind, solar, tidal, and biomass energy. Support the construction of data centre clusters supporting renewable energy power stations. Expand the scope of renewable energy market-oriented transactions, and encourage data centre companies to participate in renewable energy market transactions.
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