5 Hydrogen Stocks to Buy Before They Head Higher
Our topic for today is hydrogen stocks are the trading vehicles for companies that produce, use, transfer, or market hydrogen as a source of energy. According to the Department of Energy , “Hydrogen can be produced from diverse, domestic resources. Currently, most hydrogen is produced from fossil fuels, specifically natural gas. Electricity…is also currently used to produce hydrogen. In the longer term, solar energy and biomass can be used more directly to generate hydrogen.” We mostly rely on “grey hydrogen,” which is produced from natural gas. On the other hand, when Wall Street refers to green hydrogen, it means that the hydrogen has been produced on a carbon-neutral manner. More nations have been committing to achieve net zero emission levels by 2050, but analysts suggest the pace is not fast enough. According to the International Energy Agency (IEA), yearly spending should triple to $4 trillion dollars by 2030, in order to achieve net zero by 2050 goal. Therefore, hydrogen is a potential green alternative to conventional fuels.
5 Hydrogen Stocks to Buy Before They Head Higher
Our topic for today is hydrogen stocks are the trading vehicles for companies that produce, use, transfer, or market hydrogen as a source of energy. According to the Department of Energy , “Hydrogen can be produced from diverse, domestic resources. Currently, most hydrogen is produced from fossil fuels, specifically natural gas. Electricity…is also currently used to produce hydrogen. In the longer term, solar energy and biomass can be used more directly to generate hydrogen.” We mostly rely on “grey hydrogen,” which is produced from natural gas. On the other hand, when Wall Street refers to green hydrogen, it means that the hydrogen has been produced on a carbon-neutral manner. More nations have been committing to achieve net zero emission levels by 2050, but analysts suggest the pace is not fast enough. According to the International Energy Agency (IEA), yearly spending should triple to $4 trillion dollars by 2030, in order to achieve net zero by 2050 goal. Therefore, hydrogen is a potential green alternative to conventional fuels.