Huangpu ramps up support for hydrogen energy industry

The second edition of the 10 supportive measures to develop the hydrogen energy industry in Guangzhou's Huangpu district was released on June 15.

The revamped measures saw increased support for project settlement, industrial park operation, R&D and infrastructure construction.

According to the new policy, key spare part projects under national support with a fixed-asset investment of more than 500 million yuan ($78.16 million) will receive a reward of 15 percent of their fixed-asset investment if they settle in Huangpu. The proportion is 10 percent for those with a fixed-asset investment between 50 million yuan and 500 million yuan. The maximum reward for a single enterprise is 100 million yuan.

Policy release press conference. 

The district will offer hydrogen energy industrial parks a one-time reward of 250,000 yuan, an annual operation subsidy of up to 1 million yuan for three years, and an investment attraction reward of 50,000 yuan. In-house enterprises that rent office and production space will get an annual subsidy of up to 1 million yuan for three years.

Huangpu will give a respective reward of 10 million yuan and 5 million yuan to national and provincial recognized R&D institutions. National, provincial and municipal industrial associations that settle in the district will be granted 1 million yuan, 600,000 yuan and 400,000 yuan respectively.

In terms of infrastructure, Huangpu will offer a maximum subsidy of 2.5 million yuan for the construction of hydrogen fueling stations, and a maximum subsidy of 20 yuan per kilogram for the operation of the stations. 

Moreover, Huangpu will also set up a fund of 5 billion yuan to support the local hydrogen energy industry.

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