According to CoinMeta, since the beginning of this year, China's hydrogen energy industry has developed rapidly. In the first three quarters, investment in the hydrogen energy industry has doubled, reaching a total of 28.7 billion yuan, with a year-on-year increase of 108%. More than 10 new renewable energy-based hydrogen production projects have been launched, adding a new production capacity of 100,000 tons per year. As of now, China's annual production capacity from renewable energy-based hydrogen production projects has exceeded 350,000 tons, accounting for over 50% of the global total, and the annual production capacity of projects under construction exceeds 1.2 million tons, placing China at a leading level globally.