![]() On May 22, Piper Sandler analyst Kashy Harrison maintained a Neutral rating on Plug Power Inc. It is one of the best hydrogen stocks to watch. Plug Power announced this will be the biggest hydrogen powered fuel cell installation in the United States. (NASDAQ:PLUG) announced that it will supply 8 MW of hydrogen fuel cell stationary power for the generation of clean energy, in collaboration with Energy Vault Holdings, Inc. (NASDAQ:PLUG) caters to supply chain and logistics, electric vehicles, and stationary power applications, providing clean hydrogen and fuel cell solutions. Photo by Tommy Krombacher on Unsplash Best Hydrogen and Fuel Cell Stocks To Buy 11. In February 2023, Andres Angulo, Energy Analyst at GlobalData, said:ġ1 Best Hydrogen and Fuel Cell Stocks To Buy This indicates an impressive growth of 44% when compared to 2021. ![]() Around 200 million tonnes of hydrogen is required by 2030 to meet the net zero emissions goal by 2050.Īccording to GlobalData, a renowned data and analytics company, the global production capacity of green hydrogen exceeded 109 kilo tons per annum (ktpa) in 2022. IEA forecasts that hydrogen demand could skyrocket to 115 million tonnes by 2030, and about 2 million tonnes would be attributed to new applications. Hydrogen has the potential to create 3.5 GW power by 2030. Hydrogen fuel cell-powered trains are now running in Germany, and there are hundreds of on-going projects that are testing the use of hydrogen and hydrogen derivatives in shipping and the power sector. New steel projects are being declared swiftly, just one year after the successful demonstration of utilizing hydrogen in direct reduction of iron. Majority of the higher hydrogen demand stems from traditional uses, such as refining and industrial applications. If you want to skip our detailed analysis of the hydrogen and fuel cell market and check the top stocks in the sector, check out 5 Best Hydrogen and Fuel Cell Stocks To Buy.Īs per the International Energy Agency’s “ Global Hydrogen Review 2022 ”, the demand for hydrogen reached 94 million tonnes in 2021, up from the pre-pandemic demand of 91 million tonnes in 2019. In this article, we discuss 11 best hydrogen and fuel cell stocks to buy.
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