A recent Reportlinker.com report estimates the global hydrogen fuel cell market to explode at a CAGR of 41.5% between now and 2026. The report believes that the global market will reach a value of over $22 billion by that time, and will be a significant source of renewable energy.
Tesla (NASDAQ:TSLA) CEO Elon Musk is one of Hydrogen’s most important critics, which makes sense as the leader of an electric vehicle company. Musk has long supported technologies and movements that improve the environment, even if it is not from one of his companies. While Musk is usually referring to hydrogen being a ‘silly’ way of fueling cars, he isn’t necessarily against it being used as a renewable energy source.
There are plenty of companies that are bullish on hydrogen though including global automakers like Toyota and Renault. Other hydrogen vehicles include Nikola (NASDAQ:NKLA), Ballard Power Systems (NASDAQ:BLD), and Korean automaker Hyundai. Then there are hydrogen infrastructure companies that could benefit as the industry continues to rise. Stocks like Fuelcell Energy (NASDAQ:FCEL), Plug Power (NASDAQ:PLUG), and plastic waste conversion investor, CleanVision Corp (OTC:CLNV) also stand to gain from the global shift to renewable energy sources.
Recently there has been much discussion over the future of European energy sources as the Union looks to cut ties with commodities giant, Russia. One potential source is Morocco, a country that is dedicated to sustainability and improving its clean energy status. In fact, earlier this year, Morocco and CleanVIsion’s subsidiary Clean Seas, helped to establish a plastic conversion network in the country to convert collected plastic waste into hydrogen fuel outputs. Given the sudden demand for clean, alternative energy sources, CleanVision could be in for a major surge in business.
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$CLNV – Clean Vision Corporation