H2 has garnered significant attention, prompting many to question its investment potential. Amid global efforts to decarbonize, hydrogen investing has emerged as a prominent topic, with investors keen on determining its financial viability and strategic moves to capitalize on potential opportunities.
Various factors contribute to H2’s perceived potential. However, it’s crucial to clarify that this article does not constitute investment advice. While it discusses the appeal of hydrogen investing, it’s essential to seek guidance from financial experts before making any investment decisions.
For many observers, hydrogen is poised to play a pivotal role in the global shift towards clean energy. Countries, organizations, and companies are actively developing, testing, and implementing new technologies. Numerous projects are underway, focusing on applications in transportation, heavy machinery, and various industries.
What attracts investors to hydrogen investing?
For those who view hydrogen investing as a viable opportunity, several factors drive their interest in this field. These include:
It is promising as a clean energy
Hydrogen is hailed as a promising clean energy source. Its versatility, clean combustion, and applicability across various industries, including some of the most polluting sectors, contribute to its appeal.
The obstacles seem surmountable
While challenges exist, such as price, distribution infrastructure, and storage, they are seen as surmountable hurdles. Efforts are underway to address these obstacles, offering potential solutions in the foreseeable future.
It is versatile
Hydrogen’s versatility extends beyond its applications. It can be sourced or produced through various methods, transported in different forms (gas or liquid), and utilized for energy production in diverse ways, including fuel cells or combustion in internal combustion engines (ICEs).
Governments are into hydrogen investing
Governments worldwide, including the United States, Canada, Japan, Australia, Saudi Arabia, India, China, and others, are actively investing in hydrogen. They aim to establish hydrogen economies to prepare for a decarbonized world and reduce energy import dependencies.