of Longji Green Energy, said at the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change that "green electricity" and "green hydrogen" are systematic solutions to achieve the goal of carbon neutrality. He believes that it is imperative to achieve clean, low-carbon and low-cost in the process of green hydrogen manufacturing. One of the key links is to reduce the cost of electricity in the production of green hydrogen and use green electricity. It also emphasizes that whether it is photovoltaic industry or hydrogen industry, only through continuous technological innovation to achieve cost reduction and efficiency, is the core factor to promote industrial development.
Recently, the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) was held in Dubai, United Arab Emirates. On December 8, Li Zhenguo, founder and president of Longji Green Energy, delivered a speech in the COP28 United Nations Live News Room. He believed that "green electricity" + "green hydrogen" is a systematic solution to achieve the goal of carbon neutrality, and also a way to solve the "three difficulties" of energy. It can help the world achieve the goal of net zero emissions. On the opening day of COP28,
the World Meteorological Organization released a provisional version of the 2023 Global Climate Status Report, declaring that 2023 was the hottest year in human history on record. By the end of October this year, the average temperature of this year was about 1.4 degrees higher than baseline before industrialization, which is very close to the temperature control target of 1.5 degrees.
Li Zhenguo said that under the climate crisis, "carbon neutrality" has moved from global consensus to global action, and in the next three or four decades, the transformation of renewable energy has become a deterministic event. In the current stage of new energy and sustainable development, how to solve the security, economy and green sustainability of energy at the same time is very important to achieve the goal of carbon neutrality. To achieve the goal of carbon neutrality in the
world, a new power system with new energy as the main body should be built to reduce the cost of chemical energy storage for 10-15 years through pumped storage and full use of existing flexible resources, until the economy of chemical energy storage can support the peak shaving of new energy. Photovoltaic power generation is expected to cover 70% of energy consumption in the future, but about 30% still need to rely on fossil energy, such as steel, cement, air transport, ocean-going cargo ships and other fields. So, how to decarbonize deeply in these areas that are not covered by green electricity? Longji believes that hydrogen energy is the best solution for deep decarbonization in the 30% energy sector. Based on this, Longji proposes the strategy of "green electricity" + "green hydrogen" to achieve the global net zero emission target . In the Guiding Principles for Hydrogen Energy Deployment Consistent with Climate Goals, the
United Nations emphasized that hydrogen production from renewable energy is the only choice among all hydrogen production paths that is strictly consistent with achieving the temperature control target of 1.5 degrees Celsius. In the current global energy structure, the proportion of green hydrogen is still less than 1%, while the proportion of grey hydrogen obtained from coal or natural gas is as high as 96%. The main reason is that the production cost of green hydrogen is high, which is 2-3 times that of fossil energy hydrogen production.
Li Zhenguo believes that it is imperative to achieve cleanliness, low carbon and low cost in the process of green hydrogen manufacturing. One of the key links is to reduce the cost of electricity in the production of green hydrogen and use green electricity. As the "amplifier" of clean energy, photovoltaic can well achieve the balance of energy security, energy equity and environmental sustainability. It is estimated that the direct energy consumption of silicon energy from quartz mine to photovoltaic industry chain is about 0.4 kWh/W, the life of photovoltaic system is more than 30 years, and the average annual power generation is more than 1.5 kWh/W. By converting light energy, the energy output is more than 100 times of energy consumption.
At present, Longji's hydrogen energy business focuses on electrolytic water hydrogen production equipment . In 2023, the annual production capacity of Longji electrolytic water hydrogen production equipment is 2.5G W, and it is expected to reach 5-10G W by 2025. By actively exploring the path of "multi-technology route + multi-scenario application" of green hydrogen, modular and intelligent solutions are formulated, which are widely used in petrochemical, chemical, electric power, iron and steel metallurgy, transportation, other manufacturing and other scenarios, so as to drive the high-quality development of green hydrogen industry through technological innovation. In
June 2023, Longji Hydrogen Energy provided green hydrogen equipment for the world's largest and China's first 10,000-ton green hydrogen demonstration project. After the project is put into operation, the green hydrogen produced can replace natural gas and supply the refinery, which is expected to reduce carbon dioxide emissions by 485,000 tons per year.
On December 5, Longji Green Energy signed a strategic cooperation framework agreement with GH2 International Green Hydrogen Organization at COP28 Photovoltaic Corner. This cooperation is a solemn commitment of both sides to jointly promote the high-quality development of green hydrogen industry, and also an important step to join hands with "green electricity" and "green hydrogen" to help achieve carbon neutrality.
Li Zhenguo stressed that whether it is photovoltaic industry or hydrogen industry, only through continuous technological innovation to achieve cost reduction and efficiency , is the core factor to promote industrial development. Photovoltaic field should reduce the cost of electricity, hydrogen energy field should reduce the unit cost of hydrogen production, and ultimately, reduce the overall initial investment cost, help more countries, regions and different industries to achieve net zero emissions while obtaining power generation income.
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