Hydrogen is expected to play a key role with green energy. In fact, according to analysts at UBS, as quoted by CNBC, “Global discussions around the potential for a hydrogen (H2) economy have accelerated in the past 12-months… H2 has been well discussed as one of the major contributing forces in helping decarbonize the world’s economy, in particular given that some industries cannot easily make the battery shift.” In addition, the firm said that with supportive policies, and falling costs, hydrogen could make up about 10% of global energy use by 2050, creating a potential trillion-dollar opportunity. That could be beneficial 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).
In addition, analysts at Bank of America once noted that green hydrogen could be worth more than $11 trillion by 2050. Even Goldman Sachs said the hydrogen market could be worth just over $11 trillion in the next 30 years.
Look at Jericho Energy Ventures for example
Jericho Energy Ventures (TSXV:JEV)(OTC:JROOF) announced that Brian Williamson, CEO, will be a featured presenter at two exclusive events later this month.
On June 17, Mr. Williamson will be the guest speaker at the MIT Alumni Club of Princeton on “Advancing the Low-Carbon Energy Transition Through Hydrogen,” as part of the Club’s “Sustainable Planet 2021″ theme. The event is open to MIT Alumni Association members and their guests.
“I am honored to be invited to speak to the MIT alumni and believe our corporate direction fits well with their focus on climate change and renewable technology,” Mr. Williamson stated.
As well, on June 25, Mr. Williamson will be the opening presenter at the American Boiler Manufacturers Association’s (ABMA) 2021 Summer Meeting in Bonita Springs, Florida. ABMA is a leader in the constantly evolving boiler sector that advocates for the safe production and operation of boilers, facilitated advances in energy efficiency, and provided solutions for member companies.”
“I am excited to present at the ABMA Conference about Hydrogen Technologies’ breakthrough, zero- emission DCCTM cleanH2steam boiler technology. The gathering will be a unique opportunity to collaborate with leading experts in the boiler industry and to increase awareness of our novel DCCTM system with key decision makers,” said Mr. Williamson.
Other related developments from around the markets include:
Plug Power and the Renault Group, a dominant player in the automotive industry, are launching their joint venture HYVIA, as outlined in the memorandum of understanding (MOU) agreement signed on January 12, 2021. The joint venture is equally owned by the two partners and is chaired by David Holderbach, with over 20 years of experience in strategic, product and international sales at the Renault Group.
Ballard Power announced purchase orders from Solaris Bus & Coach S.A., a leading European bus and trolleybus manufacturer and Ballard partner headquartered in Bolechowo, Poland, for 13 Ballard FCmove™ fuel cell modules to power 13 Fuel Cell Electric Buses (FCEBs) deployed with In-der-City-Bus GmbH, which operates bus routes in Frankfurt, Germany. Ballard plans to ship the modules in 2021 and the buses are planned for deployment in 2022.
Bloom Energyannounced an agreement with Idaho National Laboratory (INL) to independently test the use of nuclear energy to create clean hydrogen through Bloom Energy’s solid oxide, high-temperature electrolyzer. This carbon-free hydrogen is obtained through electrolysis that is powered by nuclear generation. When the electric grid has ample power, rather than ramping down power generation, the electricity generated by nuclear plants can be used to produce cost-effective hydrogen in support of the burgeoning hydrogen economy.
FuelCell Energy, a global leader in fuel cell technology — with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy — today announced the upcoming release of its second quarter results prior to the Stock Market Open on Thursday, June 10, 2021. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, June 10, 2021 to discuss the second quarter results for fiscal 2021.
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