The Hydrogen Boom Could Ignite a $300 Billion Opportunity for these Companies

Global demand for hydrogen is on the rise. For one, Raymond James’ analyst Michael Glen, for example, just said 2021 could be a “watershed moment” for hydrogen. In fact, he expects to see far more hydrogen-related announcements going countries all around the world. Two, look at China for example. By 2050, it’s expected that demand will exceed 180 million tons, according to Global Times. “The China Hydrogen Alliance predicts that by 2025, the output value of China's hydrogen energy industry will reach 1 trillion yuan ($152.6 billion) and by 2030, China's demand for hydrogen will reach 35 million tons, accounting for at least 5 percent of China's terminal energy system,” they added. That’s another strong catalyst for companies such as Jericho Energy Ventures (TSXV:JEV)(OTC:JROOF), Plug Power (NASDAQ:PLUG), Ballard Power (NASDAQ:BLDP), Bloom Energy (NYSE:BE), and FuelCell Energy (NASDAQ:FCEL).

Three, by 2027, the market could be worth up to $300 billion, says Global Market Insights. Four, according to the Clean Hydrogen Future Coalition, “Clean hydrogen has the ability to accelerate decarbonization across all sectors of our economy, as well as transition existing - and create new - skilled, high wage jobs needed to support the clean energy transition. In addition to the wide range of market applications and potential for significant future demand, clean hydrogen can be produced from a variety of energy sources, used as a replacement fuel or feedstock in several industries, store energy over long periods of time, as well as move and deliver energy to where it is needed.”

Look at Jericho Energy Ventures for example

Jericho Energy Ventures (TSXV:JEV)(OTC:JROOF) just reported that Hydrogen Technologies’ patented, zero-emissions, hydrogen-based, cleanH2steam Dynamic Combustion Chamber™ boiler solution – through its exclusive UK licensing partners, Protium Green Solutions and sister company Deuterium – was included in a successful Phase One government funded feasibility study, dubbed Project HyLaddie, for the renowned Bruichladdich Distillery, located on the island of Islay in Scotland.

Project HyLaddie is part of the UK Government’s Green Distilleries Competition, a £9 million Government funded program to help the UK’s world-famous distilleries get into the spirit of going green, cutting emissions and supporting green jobs. The grants will specifically support successful distilleries to accelerate projects that decarbonize their production processes, which typically rely on fossil fuels. Funding will enable distilleries to cut carbon emissions by half a million tonnes every year.

Hydrogen presents a significant opportunity for the whiskey industry and Islay itself, which currently uses fuel oil to meet its steam and heating demand. The production of whiskey in the UK directly produced around 530,000 tonnes of CO2e in 2018, with the majority of these emissions coming from the generation of heat for the distillation process which accounts for more than 80% of the distillation industry’s fuel consumption – all of which is currently from fossil fuels. HTI’s cleanH2steam DCC boiler creates heat and steam via hydrogen combustion through a closed-loop system, with zero emissions. With the number of UK distilleries totaling over 500, there are significant opportunities, in connection with our UK licensing partner, to expand our technology across the expansive UK alcoholic beverage markets.

Funding for the Green Distilleries Competition is part of a larger £1 billion Net Zero Innovation Portfolio which aims to accelerate low-carbon technologies, systems and processes in power, buildings, and industrial sectors. Alongside a dedicated hydrogen strategy, the UK is quickly moving towards large-scale funding initiatives to decarbonize many of its most carbon intensive industries.

Brian Williamson, CEO of JEV, stated, “We are thrilled that our DCC technology has been given the opportunity to demonstrate how hydrogen can be utilized to deliver a zero-emission steam solution for the world-class Bruichladdich distillery. The Food & Beverage market is presently a major consumer of steam from fossil fuels and we look forward to working with our partner Protium to help the industry transition to zero-emissions with our unique hydrogen-based heat and steam solution.”

Other related developments from around the markets include:

Plug Power, a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, announced that it has been invited to submit a Part II Application for a loan guarantee under the U.S. Department of Energy (DOE) Title XVII Loan Guarantee Program. The invitation for the Part II application is for a proposed $520 million loan guarantee from the DOE to support the use of green hydrogen to transform the materials handling, transportation, and industrial sectors in the United States. This is the first of several steps in the process to secure a conditional commitment and final loan agreement from the Department. Plug Power will work closely with the DOE to fulfill the requirements of Part II of the application process.

Ballard Power will hold a conference call on Tuesday, May 4, 2021 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first quarter 2021 operating results.

Bloom Energyannounced it will release its first quarter fiscal year 2021 financial results on May 5, 2021 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT)/ 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

FuelCell Energy, reported financial results for its first quarter ended January 31, 2021 and key business highlights. “During the first quarter, we strengthened our balance sheet by raising capital, paying down debt and executing against our core business backlog,” said Mr. Jason Few, President and CEO. “We are excited to announce that we made tangible progress in our decarbonization development efforts by producing hydrogen with our solid oxide electrolysis platform at our headquarters in Connecticut. Additionally, we continued to advance our joint research with ExxonMobil Research and Engineering Company on fuel cell carbon capture solutions.”

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