Demand for Hydrogen Could Create a $300 Billion Investment Opportunity

The hydrogen market could be worth $300 billion by 2027, says Global Market Insights. They note, “Increasing focus toward clean energy in the emerging economies coupled with rising utilization of hydrogen in new application areas comprising metal refining, power generation and heating for buildings among others will positively enhance the industry outlook. Stringent government standards & policies in various countries regulating the use of conventional methods are set to drive the global hydrogen market share.” That could be a significant catalyst for companies, such as Jericho Energy Ventures (TSXV:JEV)(OTC:JROOF), Plug Power (NASDAQ:PLUG), Ballard Power (NASDAQ:BLDP)(TSX:BLDP), Chart Industries, Inc. (NYSE: GTLS) and Baker Hughes (NYSE:BKR).

Helping quite a bit, Goldman Sachs calls hydrogen a “once in a lifetime opportunity,” saying the addressable market could be worth up to $11.7 trillion in the next 30 years. Plus, analysts at Bank of America says green hydrogen could be worth more than $11 trillion by 2050.

Look at Jericho Energy Ventures (TSXV:JEV)(OTC:JROOF), for example

Jericho Energy Ventures just provided shareholders with an update about the substantial progress and increasing demand for HTI’s patented zero-emissions, hydrogen-based, cleanH2steam Dynamic Combustion Chamber™ boiler.

The Company has had ongoing discussions with a roster of potential customers that are large consumers of heat and steam for space heat, hot water, high-quality process steam and high-pressure steam for Combined Heat & Power applications. Steam intensive industries that aim to decarbonize their processes are inquiring about the DCC™, including companies focused on basic Chemicals and Petrochemicals as well as Food and Beverage processing. As more corporations sign on to become Net-Zero, analyzing thermal energy requirements becomes an immediate focus for achieving their objectives. The DCC™ solution allows our customers to fast track their emission reduction targets.

The Food and Beverage industry, in particular, is highly focused on delivering consumers with low Carbon Content products introducing Carbon Labels showing a product’s lifetime carbon footprint. The growing use of so-called Carbon Labels comes as consumers, investors and regulators are increasingly interested in emissions amid rising concern about global warming. Over 57% of the food and beverage processing industries’ carbon emissions come from high utilization of steam for sterilization, disinfecting, reducing microbiological risks in addition to cooking, curing and drying. Reducing their emissions, means reducing their reliance on emissions-based boilers.

The second source of inbound demand has largely come from customers and energy consultants focused on the Power and Utility markets, where the DCC™ can be utilized to create high-pressure steam for a turbine to run in a Combined Heat and Power plant setting. Hydrogen’s ability to be a store of energy and be separate from the DCC™ system allows customers to take advantage of favorable power pricing during off-peak hours or when renewable power sources generate excess power supply to produce the hydrogen input fuel – creating a favorable economic proposition.

Ryan Breen, Head of Corporate Strategy at JEV & HTI, commented, “Our growing customer pipeline is a testament to our unique zero-emissions hydrogen-based boiler. Intensifying efforts by large steam consuming corporations to achieve their Net-Zero goals, in addition to supportive public policy, provide strong tailwinds to our business fundamentals. We look forward to further educating the market about our new hydrogen-based solution and converting robust customer interest into repeatable sales.”

The latest global policy developments demonstrate the critical role clean hydrogen plays in the future energy and decarbonization plans of a rapidly expanding roster of nations and Fortune 500 companies.

HTI’s go-to-market strategy aims at decarbonizing the nearly $30 billion Commercial & Industrial heating sectors with clean Steam and the Company recently announced a manufacturing partner for its DCC™ boilers as the first step in scaling up the business to meet the ever evolving demand for its zero emission hydrogen-based boiler solution.

Other related developments from around the markets include:

Plug Power, Chart Industries, Inc., and Baker Hughes just announced their intention to become cornerstone investors in the formation of the FiveT Hydrogen Fund , a unique new clean-hydrogen-only private infrastructure fund dedicated to delivering clean hydrogen infrastructure projects at scale. Plug Power intends to commit €160 million ($200 million), and Chart Industries and Baker Hughes each intend to commit €50 million respectively ($60 million), recognizing the unique value proposition that FiveT will bring to the hydrogen sector.

These investments enable FiveT to establish itself at the heart of the hydrogen industry and help advance a broader global mission to address climate change and accelerate the energy transition. This Euro-denominated Fund, offered only to qualifying and verified investors, has the ambition to raise a total of €1 billion from both financial and industrial investors. The energy industry and many corporations broadly agree the hydrogen economy needs to build scale at speed to succeed and become a key part of the solution to building a net-zero global economy. Investors have an important role to play in driving success, and smart collaboration between financial and strategic stakeholders in hydrogen infrastructure can unlock the potential of the broader hydrogen economy, accelerating the pace of investment and supporting a net-zero emissions future. Plug Power, Chart Industries and Baker Hughes are early cornerstone investors in the Fund, helping it to establish its market presence and enabling the first stages of its investment activity.

Ballard Power announced that the Company’s proton exchange membrane (PEM) fuel cell technology and products have now powered Fuel Cell Electric Vehicles – or FCEVs – in commercial Heavy- and Medium-Duty Motive applications for an industry-leading cumulative total of more than 75 million kilometers on roads around the globe.

Ballard PEM fuel cell technology and products – with the 8thgeneration power module launched in 2019 – have been integrated for many years into FCEVs to provide zero-emission power for vehicle propulsion in over 20 countries around the world. This includes more than 3,400 fuel cell electric buses and commercial trucks. Approximately 80% of the more than 75 million kilometers has been achieved in FCEVs deployed in China, with the remaining vehicles deployed in Europe and North America.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Jericho Energy Ventures by Jericho Energy Ventures. We own ZERO shares of Jericho Energy Ventures. Please click here for full disclaimer.

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