Canadian Hydrogen Stocks
HDR provides contact to companies focused on the mining and production of lithium, the world’s lightest metal, lithium compounds and lithium components. Lithium is an essential material for lithium-ion batteries that play an important role in electric vehicles and renewable energy storage.
The growth of these industries and their dependence on batteries is driven by the unprecedented demand for lithium caused by the expansion of lithium mines. Hydr is active worldwide in industrial and emerging markets in hydrogen fuel cells, hydrogen technology, appliance production, storage, and transport. Global Market Insights Inc. predicts that by 2027 the booming hydrogen market is expected to exceed $300 billion. The growing focus on clean energy in emerging markets and the increasing use of hydrogen for new applications have improved the industry prospects.
Hydrogen lowers compression costs and makes use in small and large applications such as power supply and fuel cells affordable. Hydrogen can also help reduce carbon emissions because it can be used for transport and electricity generation, two key areas for current renewable energy plans, and applications such as heating and industrial purposes such as cement and steel production.
Our topic “Hydrogen Economy Shares” includes shares of US-listed companies that sell hydrogen fuel cells and related renewable energy plants that supply hydrogen gas. Since late 2019, it has been a solid 17.3%, compared to a yield of 3.2% for the S & P 500, but it has underperformed this year, falling 4% relative to the index, which has gained 4% far this year. Nevertheless, the stock has gained 26% since the beginning of January.
Let’s talk about green hydrogen before we get into stock selection. First, in an article written by David Fessler entitled “Green Hydrogen: The Holy Grail of Renewable Energy,” he divides the process of hydrogen production into four categories. Next, Fessler lists a few reasons why green hydrogen is the best renewable energy.
The term “hydrogen economy” was coined by John Bockris in a lecture he gave in the 1970s at the Technical Center of General Motors (GM). The hydrogen economy is a concept applicable to practices and industries that reduce greenhouse gas emissions, create skilled jobs and improve air quality.
Hydrogen fuel technology is not new, but the opportunities for growth and investment are promising, given the growing attention on the international stage and the increasing willingness to meet challenges. Canada is moving away from long-term commercialization of fuel cell vehicles for consumers and focusing on the short-term development of fuel cell products that can be implemented with existing technology and basic infrastructure – think long-distance commercial transport, high-heat industries such as metal fabrication and large-scale heating of buildings.
If you are a global company that wants to invest in Canada, contact us to discuss your hydrogen project. Earlier this month, Canada and Germany signed an agreement on cooperation in energy research and policy. The agreement focuses on developing hydrogen energy, with both countries aiming for net-zero emissions by 2050. In addition, the partnership aims to accelerate innovation and trade in the green energy sector.
In April, oilfield equipment supplier Baker Hughes BWI entered the plug-and-power charting industry by setting up a private fund to provide capital for major clean hydrogen infrastructure projects.
Saudi Aramco, the world’s largest oil company, sitting on vast oil reserves, is also making waves in the hydrogen sector. Vancouver is becoming a hub for hydrogen fuel cell companies in Canada, where Loop Energy is larger than Ballard Power Systems Inc. Loop targets heavy-duty applications such as trucks, rail vehicles, naval vessels, and aviation, which it says are ideal fuel cell applications.
Loops Rubin praised hydrogen fuel cells as a “functional complement” to diesel vehicles because of their lower emissions. Last year, Boeing’s rival Airbus EADSY unveiled a concept for a hydrogen-powered aircraft, which is currently under investigation.
The New York-based company is focused on developing hydrogen fuel cell systems that can replace conventional car batteries. The company has announced plans for two new green hydrogen plants in the US.
This week, few people noticed, but Vancouver-based Loop Energy Inc. announced that a German trucking company ordered 20% of its hydrogen fuel cells for use in an all-electric fleet of trucks. The order from a German freight forwarder is planned for the next two years and suggests that the green energy transition is far from over. Two of the hottest sectors of the ESG revolution are hydrogen, associated with a $5 trillion global transportation industry.
Technological advances and tons of money spent on research and development are fueling hydrogen for a massive comeback. The European Union has an ambitious hydrogen strategy, and huge utilities are switching to hydrogen, Wall Street is doubling to a projected $1.1 trillion hydrogen market by 2050, hydrogen is abundant, and fuel cell companies see their inventories go skyrocketing, with FCEVs (fuel cell electric vehicles) taking center stage. Given the waning hype and the onset of reality, we believe that the hydrogen economy is poised to tip the balance in favour of attractive opportunities for investors.
Towards 2021, investments in renewable energy and clean technologies looked good despite a setback caused by the unexpected COVID-19 pandemic. The bubble might have hit hydrogen hard, but it still does many interesting things to keep diesel alive.
As we move into the second half of 2021, we look at the leading Canadian cleantech stocks on the TSX and TSXV in 2021. Since the formation of the Hydrogen Council in 2017, a revival of energy sources has been underway.
SolarV Bioenergy has a portfolio of diverse applications based on a proprietary microalgae technology platform which includes fatty acids for the global nutraceutical market and the biochemical production of clean energy from hydrogen.
Eguana Technologies offers a full line of proprietary utility and interactive energy storage systems for residential and commercial fueled cell, photovoltaic and battery applications in Asia, Australia, Canada, Europe and the United States of America. SolarV Bioenergy has patented a process for obtaining solar energy by inducing algae with natural enzymes to break down water, oxygen, and hydrogen to produce clean fuel. The duo is also developing the commercial production of omega-3 fatty acids based on the algae technology platform SolarVest.