In particular, those investing in hydrogen-focused companies must have a long-term perspective. All is well and good, but the current reality is that hydrogen is far from being a viable commercial alternative to fossil fuels. Hydrogen adoption technology is in its infancy, from distribution and storage to transportation and consumption.
Canada is one of the largest hydrogen producers globally, but national and global companies in Canada are developing innovative applications and end-use technologies for the industry. Canada has few hydrogen reserves, but many prominent players, especially energy players, are well-positioned to start large-scale hydrogen production. For example, Ballard Power Systems is one of the best hydrogen reserves in Canada, although it does not produce hydrogen by itself.
Its on-site hydrogen production solutions make it ideal if the demand for hydrogen refuelling stations (producing hydrogen locally using water) grows. The company supplies its fuel cells to hydrogen consumers in electric vehicles and as a portable energy source based on environmentally friendly fuels and using electricity to produce hydrogen. In March, Chief Executive Amin Nasser said that the state-owned giant would work with China to develop blue hydrogen and ammonia technologies critical to fuel cell inventories. Hydrogen fuel cells use hydrogen to generate electricity for the vehicle and drive the powertrain.
Fuel cells differ from batteries because they require constant fuel and oxygen (usually from air) to maintain chemical reactions. In contrast, chemical energy is derived from chemicals already present in the battery in batteries. A related technology is a flow-through battery, in which fuel can be regenerated by charging. A fuel cell is an electrochemical cell that converts the potential energy into electricity through the electrochemical reaction of hydrogen with oxygen or other oxidants. Green hydrogen uses energy from the sun and wind to power, extracting hydrogen from water.
Canadian Fuel Cell Stocks
Historically, hydrogen has been produced from natural gas and other fossil fuels, although producers are looking for renewable energy sources to spur green growth as costs come down. In recent years, a key catalyst for fuel cell stocks has been the dramatic decline in wind and solar power prices, leading to the creation of the most desirable form of hydrogen. In addition, hydrogen and fuel cell makers’ stocks fared well last year thanks to growing interest in clean energy, the recent expansion of tax breaks for fuel cell projects and the election of Democrat Joe Biden as President of the United States, who has proposed spending at least $ 2 trillion on climate change. … For years, Plug Power, FuelCell Energy and Ballard Power’s stock prices have been stuck in single digits.
Ballard shares surged to multi-year highs in early 2021 when interest in the hydrogen industry peaked. Like Ballard, Loop Energy, which designs and manufactures hydrogen fuel cells, listed on the Toronto Stock Exchange in February and traded at $16.90 a share in March but has since fallen to $4.34, a drop of about 74%. … Shares in FuelCell Energy, a company that designs, manufactures and operates fuel cell power plants that burn natural gas or biogas, have fallen about 3% over the past five trading sessions and continue to drop about 12%. Last month. Shares of Xebec Adsorbion Inc., a Montreal-based green energy company that converts methane leaks from landfills and other sites into renewable natural gas, peaked at $11.11 a share in January.
Shares in clean fuel cell solution provider Ballard Power Systems rose after the company said it would supply the Spanish company’s hydrogen fuel cell modules for regional trials of commuter and passenger trains.
While the headlines about solar panels and electric vehicles have been the biggest winners, another topic that seems to have attracted investor interest is the concept of a “hydrogen economy,” or the use of hydrogen to fuel transportation and other energy needs. Replace fossil fuels. Canada believes that under this strategy, hydrogen could account for 30% of final household energy by 2050. Canada also launched its hydrogen strategy last December.
The deal aims to develop hydrogen power as both countries aim for zero emissions by 2050. I think this exciting deal could be highly profitable for most hydrogen fuel cell manufacturers, including Ballard Power.
As hydrogen becomes a valuable alternative fuel source (not yet fully available), real long-term growth potential exists. The high ratings of most of the best hydrogen FCEV games today are a testament.
Analysts expect the global cleantech sector to be dominated in 2021 by critical trends such as offshore wind power, electric vehicles (EV), electric vehicle infrastructure, and clean energy long-haul commercial transport solutions such as hydrogen and energy storage. Our hydrogen economy stock chart includes US stocks that sell fuel cells, renewable energy equipment and supply hydrogen gas.
If you are a global company looking to invest in Canada, don’t hesitate to get in touch with us to discuss your hydrogen project. While the country has been a leader in oil and gas production for decades, innovation in sectors such as hydrogen will be essential to Canada’s future energy leadership. Canada has moved beyond the long-term commercialization of consumer fuel cell vehicles to focus on short-term developments in which fuel cell products can be realized using existing technologies and simpler infrastructure – think long-distance commercial transport, high-temperature manufacturing (metal production ), and large-scale heating buildings.
Eguana Technologies offers a complete line of interactive proprietary energy storage systems for residential and commercial fuel cell, photovoltaic and battery applications in Asia, Australia, Canada, Europe and the United States. In addition, it has several applications based on this platform, including Omega-3 fatty acids for the global nutraceutical market and organic green hydrogen production.
Solarvest’s patented process can harvest solar energy and induce natural algae enzymes to split water into oxygen and hydrogen to create sustainable fuel. Loop Energys’ key benefit is the eFlow (TM) fuel cell, a patented technology that (according to the company) makes fuel cells 16% more fuel-efficient and delivers 90% higher peak power than industrial counterparts. Xebec has already built 250 hydrogen plants worldwide, making it as powerful a player as the other link in the fuel cell supply chain, supplying the hydrogen consumed by these fuel cells.
Although the Chinese government has begun announcing the regions where it will fund hydrogen research and start developing the production chain, it has yet to add Shandong province, where Ballard built his plant, to the list. Meanwhile, CEO Randy McEwan spent Christmas and New Year’s Eve quarantined alone last year in a guarded hotel room in China. The company is building what he described as the world’s largest super-powered hydrogen vehicle facility capable of producing 20 000 cars a year, worth about $ 67 million.