A bird's-eye view of Lishui city in Zhejiang. [Photo/zjol.com.cn]

Investors recently signed up to build a major hydrogen energy plant in the Lishui Economic and Technological Development Zone – located in Lishui city, in East China's Zhejiang province – that will cost 2.08 billion yuan ($312.02 million) 

The planned plant will involve the research and development of hydrogen power batteries and the production of related equipment. It will also bring in international technical experts who have mastered hydrogen power generation and new energy materials technologies. 

On completion, the plant is expected to generate annual output value of 4.6 billion yuan and pay taxes of 460 million yuan a year.

The Lishui development zone has been integrating green and low-carbon concepts into its development, to help support the country's goal of achieving peak carbon dioxide emissions before 2030 and carbon neutrality before 2060.

The project is expected to significantly boost the development of green energy industry in the development zone to a new level, according to zone officials.