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China is launching a pilot program to lower green hydrogen prices to below 25 yuan ($3.6) per kilogram by 2030 as part of its five-year development plan. The initiative aims to expand the use of green hydrogen across more sectors, especially in transportation and heavy industry, with a target of 100,000 fuel-cell vehicles by 2030.

China currently has the world's largest green hydrogen capacity. Meanwhile, state-owned grid operators, including State Grid Corp. and China Southern Power Grid, are investing heavily in infrastructure to enhance renewable energy integration, with plans to spend about 5 trillion yuan in electricity networks over the next five years, following record bond issuance.