Xiamen Introduces New Hydrogen Energy Policy with Subsidies Up to 30 Million Yuan
Xiamen has introduced a new hydrogen energy policy offering substantial subsidies to promote the industry, with funding support of up to 30 million yuan for companies expanding production capacity and various incentives for organizations involved in standard formulation and advanced technology projects. The policy also provides financial rewards for investors in hydrogen refueling stations and subsidizes short-term credit insurance premiums for related enterprises.
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On December 29, the Xiamen Development and Reform Commission released a draft policy promoting the hydrogen energy industry. Entities in the municipal public technology service platform can receive funding support up to 20 million yuan.
Organizations leading standard formulation may obtain subsidies of 2 million yuan, 500,000 yuan, and 400,000 yuan. Companies expanding production capacity for hydrogen energy equipment can receive subsidies of up to 10% of investment, capped at 30 million yuan per project.
Equity investment funds in hydrogen projects may earn rewards of 6%-8% based on investment benefits. The policy also includes rewards for technologically advanced hydrogen projects, up to 30% of total investment, with a maximum of 1 million yuan.
Investors in hydrogen refueling stations may receive construction subsidies of up to 30% of fixed asset investment, with limits of 3 million and 5 million yuan per station. Additionally, short-term credit insurance premiums for trade-related enterprises will be subsidized at 50%, up to 2 million yuan annually.
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