Gold and US$1m for hydrogen tech

An advanced hydrogen-producing equipment won gold in the third TERA-Award Smart Energy Innovation Competition amid a rise in zero-carbon innovations.

Organized by the Hong Kong and China Gas Co and the State Power Investment Corp, the competition is aimed at creating a globalized entrepreneurial service platform.

China's Hua Xia Hydrogen Technology won the award for developing a design for hydrogen production through water electrolysis.

The project will receive US$1 million (HK$7.8 million).