In less than five years from now, it is predicted that the output value of China’s hydrogen energy industry will reach 1 trillion yuan ($152.6 billion USD), according to the latest industry forecast from The
China Hydrogen Alliance. Fast forward two more years and Global Market Insights says the market could be worth up to $300 billion (USD).
By 2030, China’s demand for hydrogen is expected to reach 35 million tons, accounting for at least 5% of China’s terminal energy system. Global Times foresees demand exceeding 180 million tons by 2050.
As part of the clean energy transition hydrogen was recently hailed by the Clean Hydrogen Future Coalition as a means to:
- Replace fuel or feedstock in several industries
- Store energy over long periods of time
- Move and deliver energy to where it is needed
Produced from a variety of energy sources, there are a number of hydrogen energy stocks out there eager to take advantage of its newfound attention.
Pure Hydrogen Corporation Limited (TSX-V: STRXF) develops hydrogen and gas projects.
Jericho Energy Ventures (TSX-V: JEV) is advancing the low-carbon energy transition with investments in hydrogen technologies, energy storage, carbon capture, and new energy systems. Through its exclusive UK licensing partners, recently reported that its zero-emissions, hydrogen-based, cleanH2steam Dynamic Combustion Chamber boiler solution in conjunction with
Hydrogen Technologies was included in a successful Phase One UK government funded feasibility study in Scotland.
Hydrogen Hybrid Technologies Inc. (TSX-V: HYHY) sells and distributes on-board hydrogen generating and injections systems for the Original Equipment Manufacturer, car, and light truck markets globally.
There are numerous benefits around vehicles that run on hydrogen fuel cells over electric vehicles, especially for the existing industry. The biggest benefits are in range and speed, as hydrogen fuel-cell vehicles have shown to have an increased range over Tesla’s vehicles on one tank, and they’re filled up like regular gas vehicles, a significant increase over the time it takes for a full EV battery charge.
Could this indicate that hydrogen stocks are a long-term play worthy of your portfolio? Let us know your thoughts in the comments below.
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