From revolutionizing the energy industry to capturing the global market, hydrogen is causing a buzz. Bank of America is forecasting a whopping $11 trillion in potential growth by 2050, shifting the world into harnessing 90% of the universe. With major innovations, production costs are falling, and prospects look brighter than ever before. It’s no wonder Germany and Norway are building a hydrogen pipeline to replace natural gas and coal. Australia’s project pipeline is enormous, while the U.S. sees potential in the Gulf Coast becoming a clean-hydrogen hub. In fact, McKinsey predicts Texas alone will need up to 21 million tons of hydrogen yearly by 2050, generating an additional $100 billion in GDP for the state.
Notably, JP Morgan asserts that hydrogen will be the “pivotal” source of energy in the future. Enter GH Power, which is on the verge of breaking into the $11 trillion industry with their pioneering technology. Their reactor employs a method using only aluminum and water to produce hydrogen, alumina, and exothermic heat. It’s scalable, eco-friendly, and is projected to be 60% cheaper than conventional hydrogen production. GH Power’s breakthrough is set to be an integral part of the energy transition, with the full-scale reactor scheduled for commercial operations next year.
GH Power’s technology is poised to be a game-changer, offering countless opportunities for both commercial and environmental applications. The company is attracting global recognition and investment, and it’s clear that the future of the energy industry is hydrogen-powered.
Aside from GH Power, other companies experiencing significant growth in the hydrogen space include Air Products and Chemicals, Inc., Ballard Power Systems Inc., and Linde plc. Each is contributing to shaping a more sustainable and eco-friendly future, well worth considering from an investment perspective. The hydrogen revolution is here, and these companies are at the frontline.