LONGi takes aim at green hydrogen market with new business unit
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LONGi founder and president Li Zhenguo has been listed as the new entity’s chairman. Image: LONGi Green Energy.
LONGi Green Energy has confirmed the creation of a new business unit centred around the world’s nascent green hydrogen market.
Li Zhenguo, founder and president at LONGi, is listed as chairman at the business unit, dubbed Xi’an LONGi Hydrogen Technology Co, however there has yet to be any confirmation as to what end of the green hydrogen market the business unit will serve.
In a statement issued by the company via WeChat, Yunfei Bai, director of industrial research at LONGi, said that continued cost reductions of generating solar power had presented the opportunity to reduce electrolysis costs in turn. Combining the two technologies can “continuously expand” the scale of green hydrogen production and “accelerate the realisation of carbon reduction and decarbonisation goals of all the countries in the world”, Bai said.