Solar giant Longi invests in hydrogen

The leading global manufacturer of solar modules, Longi, is moving into the hydrogen sector, as the business portal Caixin reports. Together with a private equity fund, Longi has founded the hydrogen subsidiary Xi’an Longi Hydrogen Technology with a start-up capital of the equivalent of €38 million. State-owned energy companies such as Sinopec have also already invested in the hydrogen sector to advance Beijing’s goal of peaking CO2 emissions by 2030.