#None #Beijing #Global South #Hydrogen Energy #Pengfei Group

Pengfei Group Unveils Innovative Green Development Model

The recent Global South Financiers Forum 2025 held from March 19 to March 21 in Beijing saw the Pengfei Group, one of China's leading enterprises, present a transformative approach to facilitate green energy development among companies in the Global South. Zheng Peng, the group's chairman and president, debuted these pioneering strategies during a dedicated side event at the forum, focusing on their 'Dual Carbon' practices, which advocate the integration of hydrogen energy into broader strategies for energy transition and modernization.

As a formidable player among the top 500 firms in China, and headquartered in Xiaoyi City, Shanxi province, the Pengfei Group is committed to achieving China's ambitious climate goals of reducing CO2 emissions by 2030 and attaining net-zero emissions by 2060. Zheng articulated the company’s vision of becoming a leading global entity in the clean energy sector, emphasizing hydrogen energy’s vital role.

The company has specialized in various facets of hydrogen energy, including its production, storage, transportation, and utilization. During his presentation, Zheng showcased a hydrogen industry park configured with cutting-edge technologies that complies with industry best practices, featuring a complete industrial chain and advanced operational pathways. This approach allows for the establishment of comprehensive hydrogen energy demonstration scenarios that highlight the potential of a fully integrated hydrogen ecosystem.

Among Pengfei Group's key operations are several hydrogen energy projects that utilize by-products from coking gas and water electrolysis for hydrogen production. They have also developed four integrated hydrogen refueling stations capable of dispensing 8 tons of hydrogen daily and manage a fleet of 830 hydrogen-powered vehicles that have collectively traveled 35 million kilometers.

In a noteworthy collaboration earlier this year, the Pengfei Group partnered with a branch of China Mobile Shanxi to launch an industrial AI intelligence lab, marking a pioneering initiative in the telecommunications sector aimed at improving safety management in the hydrogen energy domain. This innovative facility is expected to set industry standards, particularly for seamless operational safety.

The group currently holds eight patents along with five industry standards related to hydrogen energy, underlining their prominence in the field. Zheng also detailed an innovative financial model termed the 'state-guided fund plus green financing,' which aims at addressing common funding challenges faced by countries in the Global South. This model takes into account the guidance provided by state funds for the hydrogen energy sector, the incentives and subsidies from local governments, and the preferential support from financial institutions for loans related to hydrogen energy initiatives and new energy vehicles.

This comprehensive strategy aims to provide solid foundations for the expansion of the Pengfei Group’s hydrogen energy enterprise while empowering energy companies in the Global South to adopt sustainable practices. As global energy needs continue to evolve, the efforts demonstrated by the Pengfei Group could play a critical role in leading the transition toward a greener and more sustainable energy future for developing nations.

In conclusion, the Pengfei Group's introduction of a fresh green development paradigm not only underscores its commitment to innovation in the clean energy sector but also emphasizes collaborative efforts to secure sustainable financing strategies that benefit the broader international community engaged in the green energy transition.