How worthwhile is it to invest in something as new as green hydrogen? Common Cents Media can answer your questions. Check out their latest industry report on North America’s green hydrogen market!
If you’ve been on the lookout for investment opportunities in the renewable energy sector, you may have come across green hydrogen a few times. Indeed, green hydrogen has the potential to completely overturn the energy industry as we know it, but you may not be so keen to invest your life savings into something that isn’t quite tangible yet. That being said, there are definitely some companies you should watch out for, and Common Cents Media’s latest market report will help shed some light on their latest activities!
Get the latest info on green hydrogen at https://www.stockspeak.com/stocks/charbone-coverage
Green hydrogen is typically produced from water electrolysis, a process that is powered by sustainable energy. Because said process results in a negligible carbon footprint, the use of hydrogen as a clean alternative to fossil fuels can potentially decarbonize many sectors and result in significant reductions in emissions, according to Common Cents Media.
It sounds promising, right? And it is! But don’t be too hasty with your investing decisions. While public and policymaker support for the green hydrogen industry is growing, the production of technologies and facilities that produce and employ hydrogen is still in its early stages for many companies.
You may think some research is in order, but don’t worry; Common Cents Media has done a lot of the analytical heavy lifting for you, and their report goes into depth on key players in the green hydrogen industry.
A notable company is CHARBONE Hydrogen (TSXV: CH | OTCQB: CHHYF), North America’s only publicly traded green hydrogen firm. With two green hydrogen projects set to commence production in 2024, along with development plans for 16 other modular plants in strategic industrial locations throughout the US and Canada, Common Cents Media notes that CHARBONE’s activities have the potential to pioneer the industry, making the company a worthwhile investment prospect.
CHARBONE has also announced capital formation strategies with US Capital Global Partners, offtake agreements with Superior Plus to ensure that supply consistently meets demand, and actionable plans to reduce distribution costs, the latter of which will allow them to offer green hydrogen at competitive prices.
With that much planning and foresight, chances are high that they’ll secure a comfortable place in the industry!
The report also lists Bloom Energy (NYSE: BE) as another public company to watch, as it has begun exploring decarbonization options as part of its recent partnership with Shell. As a manufacturer of high-efficiency solid oxide electrolyzer technology, Bloom Energy is capable of generating substantial amounts of low-cost, clean hydrogen for use across Shell’s assets, among other applications.
Private enterprises such as Electric Hydrogen and Everwind Fuels have also begun funding for green hydrogen development, but these projects will likely remain inaccessible to investors for several years. Common Cents Media says that CHARBONE Hydrogen and Bloom Energy are currently the best early-stage options. If you’ve been looking for sustainable energy options to include in your portfolio, you should definitely keep an eye on both companies.
Green hydrogen is still uncharted territory in many ways, but it’s an exciting and promising option worth exploring, especially when you consider the potential for financial growth and environmental impact. Keeping yourself up-to-date on the latest developments in the industry is one way you can make informed decisions about your investments. Common Cents Media is here to help people like you by providing you with coverage on those updates, and you can read their full report to get a bigger picture on green hydrogen!
Visit https://www.stockspeak.com/stocks/charbone-coverage to learn more!
