Towards a sustainable energy future: Factors affecting solar-hydrogen energy production in China
Document Type
Article
Publication Date
8-1-2022
Abstract
Literature reviews and interviews with experts showed that the solar-hydrogen energy market is newly established in China. The development of the solar-hydrogen energy market is a dynamic process influenced by consumers but mainly driven by producers. Thus, the relationships between solar-hydrogen energy production and consumption depend on the input-output relationship of the solar-hydrogen energy industry (SHEI). This paper used Partial Least Square - Structural Equation Model (PLS-SEM) to study the input-output relationship, the mediating effects, and the moderating effects of stakeholder characteristics. By checking the financial statements of Chinese SHEI listed companies from 2011 to 2019, we found that the fixed assets, operating costs, and R&D expenditures, total assets, and intangible assets of SHEI companies increased by year. Input had a significantly positive association with the output of Chinese SHEI companies. SHEI companies' age, total assets, and intangible assets had significant mediating effects. The location, equity owner, and equity concentration of SHEI companies had significant moderating effects. As suggestions, it is important to construct fuel or hydrogen replenishment infrastructure, to improve cost-effectiveness and safety. Deep-level analysis of the input-output relationship, as well as possible mediating and moderating effects may also be beneficial.
Keywords
Solar-hydrogen energy producer, Input-output relationship, Partial least square-structural equation model
Divisions
advanced
Funders
2021 General Project of Humanities and Social Sciences of Ministry of Education of the People's Republic of China: "Policy Research on Promoting Strategic Emerging Industry Agglomeration" [Grant No: 21YJA790027]
Publication Title
Sustainable Energy Technologies and Assessments
Volume
52
Issue
A
Publisher
Elsevier
Publisher Location
RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDS