Some of them state that the current situation is very similar to what was happening before the turn of the millennium. However, not all investing companies are so optimistic. Luxembourgian financial company Thematica states that H has attractive prospects in the long term, while the new hydrogen-based products are being commercialized. For example, Weichai Power Company Limited (the biggest Chinese manufacturer of diesel engines) is a stakeholder of BLDP and CWR. Moreover, a few industrial giants (such as Cummins and Bosch) have invested around 1 billion USD in the firms manufacturing fuel cells during the latest several years. However, they did not make profit, either.Īccording to CWR's CEO, both energy storage and fuel-cell technologies are crucial for shifting toward more eco-friendly sources of power, and the stock price increase proves that the worldwide tendency to reduce CO2 emissions will bring advantage to H tech (including the cement and steel production). PLUG's and BLDP's stock rose by 300% during a year (as of February, 2020). The optimistic forecasts caused Ceres Power's stock price to rise by 57% over first two months of 2020, although the firm didn't become profitable. IEA predicts that H can soon become a feasible green energy source. Before the coronavirus pandemic caused the oil crisis, lots of firms had been developing the solutions supposed to bring the time of hydrogen tech closer. Besides, the infrastructure of hydrogen fueling stations is not developed yet, and this keeps hydrogen technologies from being adopted, too. For instance, hydrogen engines are up to ten times more expensive than normal motors. First of all, the chemical element doesn’t exist in nature in the form of fuel and has to be produced, which makes hydrogen fuel cell products too costly. That is why, very few investors consider hydrogen stocks as an attractive option.Īlthough hydrogen is a green energy source, it is associated with a range of practical issues. However, there has always been some obstacle preventing the gas from becoming a feasible renewable resource of clean energy. Hydrogen technologies have been known for more than two decades already. Listed below are a few of the most commonly used fuel cells and the characteristics that make them unique.Investing in Hydrogen and Fuel Cell Stocks Fuel cell systems vary greatly in size and power, from combustion engine replacements for electric vehicles to large-scale, multi-megawatt installations providing electricity directly to the utility grid. In turn, these stacks can be combined into larger systems. This means that individual fuel cells can be joined with one another to form stacks. To push the efficiency even higher, a fuel cell can be coupled with a combined heat and power system that uses the cell’s waste heat for heating or cooling applications.įuel cells are also scalable. Because fuel cells generate electricity through chemistry rather than combustion, they can achieve much higher efficiencies than traditional energy production methods such as steam turbines and internal combustion engines. Some types of fuel cell systems are capable of using hydrocarbon fuels like natural gas, biogas, methanol, and others. Fuel cells that use pure hydrogen fuel are completely carbon-free, with their only byproducts being electricity, heat, and water. As there are no moving parts, fuel cells operate silently and with extremely high reliability.ĭue to their chemistry, fuel cells are very clean. At the cathode, the protons, electrons, and oxygen combine to produce water molecules. The protons pass through the porous electrolyte membrane, while the electrons are forced through a circuit, generating an electric current and excess heat. At the anode site, a catalyst splits the hydrogen molecules into electrons and protons. A typical fuel cell works by passing hydrogen through the anode of a fuel cell and oxygen through the cathode. Fuel cells do not need to be periodically recharged like batteries, but instead continue to produce electricity as long as a fuel source is provided.Ī fuel cell is composed of an anode, cathode, and an electrolyte membrane. Fuel cells are used today in a range of applications, from providing power to homes and businesses, keeping critical facilities like hospitals, grocery stores, and data centers up and running, and moving a variety of vehicles including cars, buses, trucks, forklifts, trains, and more.įuel cell systems are a clean, efficient, reliable, and quiet source of power. In a fuel cell, hydrogen and oxygen are combined to generate electricity, heat, and water. A fuel cell is a device that generates electricity through an electrochemical reaction, not combustion.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |