On December 20, Luen Mei Quantum Co., Ltd (600167.SH) announced that it has formally invested in Cemt. Co., Ltd. (hereinafter referred to as Cemt.) through equity transfer and became its important shareholder. Luen Mei Quantum has taken a solid step in actively exploring the plan of hydrogen energy industry.

It is known that Cemt. Co., Ltd., established in 2016, is one of the hydrogen fuel vehicle power system solution providers in China that integrates the R&D and production of metal bipolar plates, membrane electrodes and fuel cells, with fuel cell system as the core component. At present, Cemt. has established production bases in Jiashan (Zhejiang), Foshan (Guangdong), Zibo (Shandong), Qingpu (Shanghai) and Daxing (Beijing), with a production capacity of 10,000 units/year.

In terms of market application, Cemt.'s hydrogen fuel power system has been assembled and put on the market. 480 buses and logistics vehicles have a total mileage of over 10.8 million kilometers, and the maximum mileage of bicycles exceeds 150,000 kilometers.

Under the multiple effects of technology, capital and policy, hydrogen energy has become increasingly prominent in strategy and pioneering as one of the important directions of energy development. On December 3, the Ministry of Industry and Information Technology issued the 14th Five-Year Plan for Industrial Green Development, which clearly stated that hydrogen energy technology innovation and infrastructure construction should be accelerated to promote diversified utilization of hydrogen energy. During the upcoming 2022 Beijing Winter Olympics, a total of 625 hydrogen fuel cell vehicles will be put into Zhangjiakou to provide transportation service for the event.

It is generally believed that hydrogen fuel cell vehicles have much room for development. China Hydrogen Alliance predicted that domestic hydrogen demand will amount to 35 million tons by 2030, accounting for 5% of the terminal energy system; The demand is expected to reach 60 million tons by 2050, accounting for 10% of the terminal energy system. Among them, 24.58 million tons of hydrogen is used in transportation, accounting for about 19% of the energy used in this field.

With the increasing expansion of commercial application scenarios of hydrogen energy, Luen Mei Quantum actively lays out around hydrogen energy and seizes the commanding heights of hydrogen energy technology as the leading enterprise of A-share clean thermal energy. In the Roadmap for Upgrading the Comprehensive Energy Strategy of Luen Mei Quantum issued by the company previously, Luen Mei Quantum once again clearly proposed that "actively explore the layout of hydrogen energy and focus on the blue ocean space of CHP of hydrogen energy".

"After the establishment of the Hydrogen Energy Division and the signing of strategic cooperation with Shanghai Yangtze River Delta Hydrogen Energy Technology Research Institute, this investment in Cemt. is a key step for us to enter the hydrogen energy industry officially." The relevant person in charge of Luen Mei Holding said.

It is said that Cemt. Co., Ltd. started to explore the application of hydrogen fuel cells in fixed power generation, CHP and other fields. Luen Mei Quantum has rich experience, mature supporting technologies and application scenarios in CHP. Both parties will gradually establish technical standards and systems for hydrogen cogeneration through in-depth cooperation to jointly promote and lead related technologies and business models to mature. (source: Securities Times)