The Real Answer for Future Energy: The Second Stop of the 4th "Carbon Neutral Star Species · Carbon Exploration Program" Enters the Hydrogen Energy Industry in Daxing, Beijing

On October 31, 2025, the topic of carbon peaking and carbon neutrality returned to the real industrial scene once again.

After the first stop in Zhengzhou, the fourth "Carbon Star Species · Carbon Exploration Program" jointly organized by 36Kr, Orient Securities, and its subsidiaries Orient Securities Innovation and Orient Securities Capital became more clearly targeted.

For the second stop, the event came to the Daxing International Hydrogen Energy Demonstration Zone, a representative model area for China's hydrogen energy industry. At the meeting, guests such as Yin Haiqing, the deputy mayor of Huangcun Town Government; Wang Hong, the director of the First Investment Promotion Department of the Daxing Investment Promotion Service Center; Xie Zuoqiang, the senior vice president of 36Kr; Wang Shimin, the deputy director of the office of Orient Securities; Wang Zhe, the director of Orient Securities Capital; Zhang Xuesong, the deputy general manager of the Beijing Branch of Orient Securities; Li Yaoyao, the deputy general manager of Shuimu New Innovation; and Xie Tao, the director of the Industrial Service Department of the Daxing International Hydrogen Energy Demonstration Zone, were present to jointly witness new ideas for carbon peaking and carbon neutrality and new industrial logics. Meanwhile, a roadshow for hydrogen energy industry projects was also held on - site.

Under the theme of "Future Energy", the government, the industry, capital, and leading enterprises in the industry chain gathered at the scene, and a picture of the hydrogen energy era slowly unfolded.

Entering the Real Hydrogen Energy Scene: Seeing the Industry's Position in the Era

Daxing is no stranger to the narrative of the new energy industry and is not short of "highlight - style" reports. However, this time, the "Carbon Exploration Program" chose to return to the infrastructure, the factory production lines, and the calm scene of quality inspection.

Currently, the Daxing International Hydrogen Energy Demonstration Zone has gathered more than 200 hydrogen energy enterprises, and more than 80 leading units have been settled, covering key links in multiple industrial chains such as fuel cells, stack materials, vehicle platforms, and detection systems. During this visit, the participants walked through the International Hydrogen Energy Exchange Center, the Haipuer Hydrogen Refueling Station, the National Quality Inspection and Testing Center for Hydrogen Fuel Cell Vehicles, and then to Haipute at the application end, Haidelizi at the hydrogen production end, and the "Zero - Carbon Park" demonstration project for hydrogen - electricity coupling, jointly witnessing the complete hydrogen energy industrial chain covering "production - storage - transportation - refueling - utilization".

"We are not looking at an industry hotspot but verifying an industrial system," said Xie Zuoqiang, the vice president of 36Kr, in his opening speech. "Three years ago, no one dared to draw a conclusion when we discussed the current penetration rate of electric vehicles. Three years later, when discussing hydrogen energy, we should also let our imagination run wild, but our feet should be firmly planted on the real production lines and detection systems."

The "reality" he mentioned has already been implemented. In addition to the high - density collaboration in the hydrogen production and supply links, Daxing has established platform - level infrastructure. The National Quality Inspection and Testing Center for Hydrogen Fuel Cell Vehicles focuses on large commercial vehicles and covers six major laboratories. It is currently the leading one - stop service platform in China covering the entire hydrogen energy industrial chain. Through this platform, Daxing is trying to drive standards through testing, drive collaboration through standards, and promote industrial leapfrog development through collaboration.

These underlying capabilities determine whether hydrogen energy can truly step out of the "demonstration park" and enter higher - intensity industrial application scenarios across the country.

As Wang Shimin, the deputy director of the office of Orient Securities, pointed out: "Daxing District is a vivid example of green development." He further pointed out that "the achievement of the carbon peaking and carbon neutrality goals not only depends on the breakthroughs in hard power brought about by technological innovation but also requires the soft support provided by capital empowerment."

The Daxing Sample: An Upgrade of the Industrial Ecosystem

In fact, Daxing's "leadership" is not just about infrastructure.

As the only core area for hydrogen energy development in Beijing included in the "14th Five - Year Plan" for future industrial layout, the Daxing International Hydrogen Energy Demonstration Zone was the first to systematically connect policies for R & D, manufacturing, scenarios, finance, etc., forming 10 "quantitative support policies". Through key facilities such as incubators, detection platforms, and quality certification centers, it has established a green verification system of "verifying while operating".

"The most important thing for us now is not how many enterprises have entered but whether there is a system to support them to survive," said Xie Tao, the director of the Industrial Service Department of the Daxing International Hydrogen Energy Demonstration Zone, in his on - site speech. "What we are building is not just a park but an ecological network that can be operated, supervised, and verified."

Beyond the industrial platform, the more complex question is whether enterprises have real capabilities, whether capital has enough patience, and whether the scenarios are ready to move from "demonstration" to "commercial use".

"Daxing not only provides strong support for regional green transformation but also accumulates valuable experience for the development of the hydrogen energy industry across the country and even globally," Wang Shimin pointed out. "It can be regarded as a microcosm and benchmark for China's hydrogen energy development."

This ability of "structural nesting" is becoming the most important evaluation standard for the next stage of the hydrogen energy industry.

During the communication process, many industry guests mentioned that the technical maturity of hydrogen energy projects is no longer the biggest problem. The key lies in whether the rapid verification path from the laboratory to the sample vehicle and from the sample vehicle to the commercial scenario can be completed through the platform. And this is exactly the most representative achievement of Daxing at present: a verification - type area integrating "standards - detection - application".

Moreover, more new forces are emerging. When hydrogen energy is no longer just a "conceptual investment" but has become an "industrial problem", the definition of the roadshow has also changed. Projects are not here to tell stories but to solve problems. Whoever can integrate into the industrial chain will attract the attention of capital.

A total of 7 enterprises participated in this roadshow, covering multiple industrial chain links such as electro - catalytic materials, proton exchange membranes, organic liquid hydrogen storage, hydrogen liquefaction equipment, and hydrogen internal combustion engines.

• Hydrogen Easy Energy takes the LOHC (Organic Liquid Hydrogen Storage) technology as the core technical path. Through the hydrogenation reaction, hydrogen is chemically bonded to the organic carrier to form a stable liquid hydride at normal temperature and pressure, which has the technical advantages of high density, low risk, and long - term cycle, and is especially suitable for long - distance and large - scale hydrogen energy transportation and storage scenarios.
• Hydrogen Aviation Technology is an enterprise focusing on the R & D and industrialization of miniaturized applications of hydrogen fuel cells. It has built a complete self - research ability in air - cooled stack fuel cells and system integration, and its products have obtained the world's first IEC safety certification. Its hydrogen - powered drones have achieved large - scale commercial operation in scenarios such as the State Grid and China Southern Power Grid, and have reached cooperation with leading manufacturers such as DJI, Diamond Aircraft, AVIC General Aircraft, and the 602nd Institute. The hydrogen - powered shared two - wheeled vehicles jointly developed by the company and leading enterprises such as Yadea have become the industry benchmark in China.
• China Electric Power Research is a mass - production manufacturing enterprise of titanium - based alloy hydrogen storage devices. In cooperation with the Research Institute of Engineering Technology under the General Research Institute for Nonferrous Metals, it has developed a solid - state hydrogen storage system with the advantages of safety, low pressure, and high density, and has now achieved large - scale production from materials to equipment. Its devices are coordinated with the self - developed flexible control system in cooperation with the State Power Investment Corporation and have been implemented in scenarios of green hydrogen dispatching and large - scale application, constructing the world's largest green hydrogen synthetic ammonia ecological demonstration project.
• Focusing on hydrogen liquefaction and ultra - low - temperature systems, Ke'an Chuangneng is committed to opening up the entire chain of "production - storage - transportation - utilization" of low - temperature liquid hydrogen. At the roadshow site, it particularly demonstrated its achievements in the field of distributed flexible ultra - low - temperature hydrogen liquefaction, which can provide flexible domestic solutions for scenarios such as aerospace fuel filling, hydrogen energy engineering, and medical & fusion cryogenic magnet cooling.
• Kaigeruisen focuses on building a platform for the anode circulation system of fuel cells, emphasizing modular architecture design and vehicle - grade system engineering capabilities. It demonstrated its R & D achievements in the modularization of the hydrogen circulation system of fuel cells, especially the integrated solution of ejectors and explosion - proof hydrogen circulation pumps, covering multiple scenarios such as passenger cars, heavy trucks, and stationary power supplies.
• Hydrogen Green Mobility focuses its business on the high - power internal combustion engine for ammonia - hydrogen blended fuels, targeting typical scenarios such as industrial park power generation, ports, mines, and heavy - duty transportation. It has strong engineering conversion capabilities, and its "ammonia - hydrogen composite + direct in - cylinder hydrogen supply" technical path is expected to expand the application boundaries of hydrogen energy.
• Zhongke Xuanda is an advanced hydrogen storage material product supplier and a provider of solid - state hydrogen storage technology solutions. Its main "low - pressure integrated solution for charging, transportation, storage, and utilization" covers low - pressure filling at the green hydrogen production end, safe and convenient deployment in the transfer and transportation links, and flexible docking at the hydrogen - using terminals, and can be widely adapted to application scenarios such as hydrogen - fueled two - wheeled vehicles, forklifts, heavy trucks, off - grid power generation, and zero - carbon parks.

Overall, the hydrogen energy industry is in a transition period from "technical verification" to "system implementation".

On the one hand, the technical directions are diversifying. There are innovators around alternative paths such as green ammonia, LOHC, and hydrogen internal combustion engines, as well as those who focus on underlying links such as membrane electrodes, stacks, and liquid hydrogen equipment. Each represents different scenario requirements and technical maturity levels, reflecting that the hydrogen energy industry is no longer betting on a single path but embracing the strategic diversity of "fit is justice".

On the other hand, system integration has become the focus. Enterprises with the ability to provide full - process solutions for "production - storage - transportation - utilization" are attracting more and more attention. While emphasizing cross - link collaboration, many roadshow enterprises also propose that "opening up" is the source of efficiency, and in the future, hydrogen energy will achieve cost reduction and efficiency improvement in a truly "operational" system project.

It is gratifying that this "Carbon Exploration Program" has witnessed a group of emerging forces with material innovation, system integration, and scenario solution capabilities as their core competencies, which are painting a more resilient infrastructure blueprint for the hydrogen energy industry.

From "Compliance" to "Main Line": The Role of Carbon Peaking and Carbon Neutrality is Legitimized

Before the "Carbon Star Species · Carbon Exploration Program" visited Daxing, Beijing, the first stop in July had already visited the Zhengzhou Airport Economic Zone to explore the real industrial scenarios of "future transportation". And this visit to Daxing with the theme of "Future Energy" essentially verified at a deeper level that carbon peaking and carbon neutrality have changed from "compliance" to the "main line of growth".

The inspiration from this stop in Daxing is clear: Green is not just an embellishment but an endogenous variable of the production system. It must be implemented on the verification platform, anchored to the infrastructure, penetrate into the technical details, and finally form a closed - loop in the real scenarios.

From Zhengzhou to Daxing, Beijing, the map of the "Carbon Exploration Program" is still unfolding, and the systematic capabilities for China's green growth are gradually becoming clear in these chains that are being explored step by step. The Carbon Star Species · Carbon Exploration Program will continue to move forward, exploring the real answers for green industrial growth in every industrial scene.