Hydrogen is one of the top sources of energy that exudes zero greenhouse gasses when used. Hydrogen only emits water vapor as a waste product. This makes Hydrogen a cleaner alternative to fossil sources of energy such as fuel, natural gas, coal, and oil. The only disadvantage of hydrogen as a source of fuel is that it can not be found in a gaseous form. Even though hydrogen can be produced from different sources, these sources emit greenhouse gasses. Most Importantly the number of hydrogen gasses produced is not enough to compete with fossil fuels. Nevertheless, this could improve in the years to come. Numerous companies are working tirelessly to boost the production of emission-free fuel. In this article, we will focus on the Best Hydrogen Energy Stocks to Invest in.
Most traders do not know much about hydrogen stocks. There are numerous ways used in the production of hydrogen. Most methods lead to the manufacturing of carbon dioxide as a byproduct. These types of hydrogen are referred to as blue hydrogen. The usage of this type of carbon requires the trapping and storing of the associated carbon dioxide underground. This is done to ensure that no greenhouse gas is emitted. Another method used in the production of hydrogen is by using renewable energy to power an electrolyzer that divides hydrogen from water molecules. This method generates green hydrogen, which forms no carbon emissions.
Green hydrogen energy’s potential is endless. Hydrogen Fuel cells function as a form of battery, producing electricity from an electrochemical reaction source. However, this is different from the normal inverter that uses recharged energy. In this case, the hydrogen fuel cells are refueled with more hydrogen. Hydrogen fuels can be used to motorize vehicles such as Cars, trains, buses, trucks, and maritime vessels, it can also be used as a stationary power supply. In years to come, Hydrogen will be able to replace natural gas in the pipeline system, however, some improvements need to be made. Hydrogens can also be used as fuels used in power plants to produce electricity in households and firms. Due to its recent boom, green hydrogen has been predicted by most analysts to increase to over $10 trillion in the coming years.
Even though green hydrogen has great potential in becoming an emission-free source, it is expensive to produce. In 2020 the production of one dekatherm of green hydrogen costs between $18.58 and $33.44. The cost of the production of natural gas costs between $1.00 and $4.50 per dekatherm. The production costs of hydrogen are gradually falling, thereby providing a more competitive market for natural gas and fossil fuel.
Air Products (NYSE: APD)
Air products are the top world leaders in providing industrial gasses. It is also a top dog in processing technology and equipment for liquefied natural gas (LNG). It is one of the largest hydrogen suppliers in the world. And also a global figure in hydrogen fuel infrastructure.
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Air Products has the intention of becoming a world-class solution provider in the energy industry, and the environmental challenges. It has many hydrogen projects underway which will materialize in the coming years. These projects include the $7 billion carbon-free hydrogen firm located in Saudi Arabia, the $4.5 billion blue hydrogen project located in Louisiana, and the $1 billion net-zero hydrogen project located in Canada. These future and ongoing projects will propel Air products to maintain a top spot in the energy Industry.
Plug Power (NASDAQ:PLUG)
Plug power is one of the first firms to begin the production of the hydrogen fuel cell industry. It produced the first marketable hydrogen fuel. The company has distributed over 50,000 fuel cell systems for electric vehicles. The company is currently developing a green hydrogen production system in North America. The company is currently constructing numerous hydrogen plants. The company intends to become the world-leading market in the hydrogen ecosystem.
Bloom Energy (NYSE:BE)
Bloom energy deals with the production of reliable, clean, and cost-effective energy. Bloom unveiled its Electrolyzed in 2021, it utilized the same solid oxide technology as its bloom energy server to manufacturing pure hydrogen. The company also affirms that the Electrolyzer will provide a major push forward for hydrogen. It also affirms that the technology will allow heavy industries such as cement, glass, steel, and chemicals. The company is a good buy, as it has long-term potential, and will increase over time, as there is still much room for improvement.
Fuelcell Energy (NASDAQ: FCEL)
FuelCell Energy is a world-class company that deals with the production of hydrogen via its proprietary fuel cell technology. The products generated from this company allow their users to produce ultra-clean power on-site. It enables big facilities like hospitals and production sites in generating electricity for their operations.
FuelCell Energy is striving to become a world-class top company in decarbonizing technology. It deals with the production of low-to-zero-carbon power. This means the fi captures carbon and other greenhouse gasses. They use these products in generating electricity and also produce blue and green hydrogen. The company is currently investing in building more energy firms, to meet up with its energy rivals in the market.
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