Green hydrogen, which is produced using renewable energy sources such as wind and solar power, is becoming an increasingly popular area for investment as the world moves towards decarbonization. However, with so many options to choose from, it can be difficult to know which companies are the best bets.
In this article, we will take a closer look at some of the most popular green hydrogen stocks currently available on the market and examine what makes them pop to investors of all sizes.
Mentioned in our green hydrogen ETF guide, Plug Power is a leading provider of hydrogen fuel cell systems for material handling equipment, such as forklifts and airport ground support equipment. The company has been in business for over 20 years and has a strong track record of growth. What sets Plug Power apart is its focus on hydrogen as a service (HaaS) business model.
The company provides its customers with a complete solution, including the fuel cell systems, hydrogen fuel, and maintenance services, which eliminates the need for customers to invest in their own infrastructure. This business model has helped the company to become one of the most profitable players in the hydrogen fuel cell market.
Another reason that makes Plug Power so successful and attractive to investors is one word, partnerships. Plug Power has formed strategic partnerships with several major companies, such as Amazon, Walmart, and Procter & Gamble, to provide hydrogen fuel cell systems for their material handling equipment.
These partnerships have helped to increase the company’s visibility and credibility in the market.
ITM Power is a leading developer of hydrogen fuel cell systems for a variety of applications, including transportation, industrial, and power generation. The company has been in business for over 15 years.
What sets ITM Power apart is its focus on renewable hydrogen production. The company’s electrolysis technology is capable of producing hydrogen using renewable energy sources such as wind and solar power, which makes it one of the most sustainable players in the hydrogen market.
What Does ITM Power Do?
ITM Power develops and produces hydrogen storage and dispensing equipment, and operates several hydrogen refueling stations across Europe. The company is also involved in the development of several large scale hydrogen production projects, such as the HyNet project in the UK and the Power-to-Gas project in Germany, which are aimed at producing hydrogen from renewable energy sources on a large scale and making it available for various industrial and transportation use. This makes them a giant in the green hydrogen space.
Nel is a leading developer of hydrogen fueling infrastructure, including hydrogen fueling stations and electrolysis technology. The company has been in business for over 100 years and has a strong track record of innovation and growth.
What sets Nel apart is its focus on the transportation sector. The company’s hydrogen fueling stations are specifically designed for use with fuel cell vehicles and buses, which makes it one of the most experienced players in the hydrogen transportation market.
Nel Hydrogen: Innovator of the Hydrogen Transportation Sector
Nel Hydrogen dominates the hydrogen transportation sector. The company has a deep understanding of the specific needs of the transportation industry and has been able to develop hydrogen fueling stations that are well-suited for this market.
Additionally, Nel Hydrogen has also developed a proprietary technology called AquaGen, which is an electrolysis technology that produces hydrogen using water and electricity. This technology is considered to be one of the most advanced and efficient electrolysis technologies in the market and it’s being used in some of Nel hydrogen’s hydrogen production projects.
Green Hydrogen’s Future
The future for green hydrogen investing is incredibly exciting as we see more and more countries and companies committing to a cleaner and sustainable future by investing in hydrogen as a clean energy source.
It’s amazing to see how green hydrogen is becoming more and more cost-competitive with fossil fuels and it’s exciting to think about the growth potential of this market in the coming years. The companies discussed are leaders in the field, with a solid track record of performance and an exciting potential for growth as the demand for green hydrogen continues to rise.