Hydrogen is expected to play a key role with green energy.
In fact, according to analysts at UBS, as quoted by CNBC, “Global discussions around the potential for a hydrogen (H2) economy have accelerated in the past 12-months…H2 has been well discussed as one of the major contributing forces in helping decarbonize the world’s economy, in particular given that some industries cannot easily make the battery shift.” In addition, the firm said that with supportive policies, and falling costs, hydrogen could make up about 10% of global energy use by 2050, creating a potential trillion-dollar opportunity.
That could be beneficial for companies such as Jericho Energy Ventures (TSXV:JEV)(OTC:JROOF), Plug Power (NASDAQ:PLUG), Ballard Power(NASDAQ:BLDP), Bloom Energy (NYSE:BE), and FuelCell Energy (NASDAQ:FCEL).
In addition, analysts at Bank of America once noted that green hydrogen could be worth more than $11 trillion by 2050. Even Goldman Sachs said the hydrogen market could be worth just over $11 trillion in the next 30 years.