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By: Common Cents Media Staff
Published: Mon, 15 Apr 2024 04:00:00 GMT
COMMON CENTS MEDIA STAFF - Fueled by a global race to find clean and adaptable new energy sources, investor interest in green hydrogen continues to grow. Green hydrogen is produced from water electrolysis using renewable energies, and presents the type of transformative potential across industrial, commercial and future medium and heavy mobility sectors that has many business leaders and policymakers buzzing with opportunity. Green hydrogen offers tangible solutions to help decarbonize sectors like steel and chemicals that are traditionally reliant on fossil fuels, and the potential to make substantial reductions in carbon emissions a reality is helping to drive its growing appeal among investors.
Recent activity among some large companies within the hydrogen sector -- spanning major energy corporations, renewable energy developers, and specialized hydrogen tech firms -- are driving innovation and capturing mainstream media interest. Without a doubt, market giants such as Linde (NASDAQ: LIN), Adani Energy (NSE: ADANIGREEN), Plug Power Inc. (NASDAQ: PLUG), Bloom Energy Corp. (NYSE: BE) and Air Liquide (EP: AI) have played pivotal roles in shaping the overall hydrogen market.
Bloom Energy (NYSE: BE) and its recent partnership announcement with Shell to explore decarbonization solutions that leverage Bloom’s hydrogen electrolyzer technology bodes well for potential project development. According to the company, Bloom now boasts the world’s largest operating electrolyzer manufacturing capacity, and together Bloom and Shell could develop systems capable of producing hydrogen for potential utilization across Shell’s assets.
On the flip side, private enterprises like Electric Hydrogen, a manufacturer of electrolyzer systems, are contributing to funding excitement having just announced a deal to secure $50 million in equipment financing. In Canada, the government recently announced agreements with World Energy GH2 to provide a $128-million credit facility for a project in Newfoundland, and with Everwind Fuels in Nova Scotia for a $166-million loan. These capital endorsements signal an upswing of green hydrogen interest is taking shape in North America, but these projects are quite likely still years in the making and remain closed off from typical retail investor access.
Will Actual Production Become the New Proving Ground in North America?
Still, despite growing public and policymaker support for green hydrogen and the upturn of investments being made in the sector, when it comes to talk of actual, near-term production, it is just largely that -- talk.
The fact is that, across all of United States, there appears to be only a small handful of green hydrogen projects that are close to, or just beginning, actual production. In Canada, none of those noted are giving any timelines. And despite projections from analysts like Precedence Research that see the green hydrogen market reaching US$89.2 billion by 2030, there is literally only one publicly traded pure-play green hydrogen company trading in North America. And not only is it the sole company open to retailers for early-stage investment, this company has the potential to be Canada’s first green hydrogen producer -- as well as sitting among the small pack of first-movers in the US
The CHARBONE Hydrogen Advantage (TSXV: CH; OTCQB: CHHYF; FWB: K47)
CHARBONE Hydrogen is at the forefront of developing innovative solutions in green hydrogen and modular plant production that leverage renewable energies for a sustainable future. The only publicly traded pure-play green hydrogen company, CHARBONE recently announced that its flagship facility, located near Montreal along the "Steel Highway," is set to commence production by mid-2024. Additionally, the company just announced it intends to launch a second green hydrogen production project in the Detroit, Michigan area before year-end. The potential to see two production projects operating in two countries in 2024 makes this tough to ignore.
Quick facts about this potential game-changer to consider:
CHARBONE just announced that its first shipment of storage equipment is now ready to be delivered to its Quebec site, in keeping with its planned mid-year production schedule
The company recently announced entering into the final stages of the site selection process in Oakland County, Michigan for its first green hydrogen facility in the United States (Oakland County is the home of dozens of major automotive companies including numerous corporate headquarters and R&D facilities)
US Capital Global Partners was recently announced to lead CHARBONE’s capital formation strategy - a potential signal that financing plant build/s could be kicking into a higher gear
Innovative, modular plant design for faster builds in strategic industrial areas - a full 16 projects earmarked in the US and Canada with the first project expected to be production-ready in mid-2024
Offtake agreements in place with Superior Plus, ensuring supply and demand are always in sync and in close proximity to end-customers
Actionable execution - purpose-built to reduce distribution costs (an integral and often overlooked part of green hydrogen economic equation) by being closer to end users, offering cleaner green hydrogen at competitive prices typically reserved for less-friendly gray hydrogen
The Canadian Government has announced plans for a CHITC (Clean Hydrogen Investment Tax Credit) of up to 40%, depending on the carbon intensity of hydrogen produced, which could greatly benefit Charbone
In the US, tax incentives for clean electricity represent a significant portion of the landmark Inflation Reduction Act and CHARBONE would also stand to benefit from the clean electricity PTC (Production Tax Credit)
SEE CHARBONE'S LATEST TRADING ACTIVITY
North America’s Only Publicly Traded Pure-Play Green Hydrogen Company
Investing in green hydrogen stocks offers potential for financial growth and environmental impact. Technological advancements, investments and policy shifts are quickly shaping first-mover futures. CHARBONE Hydrogen, North America’s sole publicly traded pure-play green hydrogen firm, boasts modular plants, partnerships, and potential for tax credits and policy support. With 2024 production expected in the coming months, Charbone (OTCQB: CHHYF / TSXV: CH) presents a pioneering investment prospect.