Some other hydrogen fuel cell cars include Hyundai’s Nexo and the fuel-cell version of the Honda Clarity.Īnother major catalyst for hydrogen fuel cell stocks in 2021 and beyond would be the applications of fuel cells is data centers. Its fuel cell car Mirai is extremely famous in Japan. Toyota was one of the very few companies that started selling hydrogen fuel cell cars. The company is partnering with Honda to build fuel cell operations in Montreal. Toyota is one of the largest automakers in the world focusing on the hydrogen fuel cell technology. There are about 23,000 fuel cell-powered operational forklifts across the U.S, in addition to some fuel cell buses in use or planned in Ohio, Michigan, Illinois, Massachusetts and California.
The market for hydrogen fuel cell-based cars and trucks in the U.S., Europe and Asia is extremely nascent and there is a huge space for growth. A report suggests that fuel cell electric vehicle (FCEV) industry is expected to reach a market value of $15 billion by 2027, with a CAGR of 38% from 2020 through 2027. Perhaps the biggest growth catalyst for hydrogen fuel cell stocks is the electric vehicles market. The EV Market: Growth Catalyst for Hydrogen Fuel Cell Stocks According to a report, the hydrogen fuel cells market size is expected to reach $13.7 billion by 2026, up from $2.5 billion in 2020, growing at a CAGR of 33% in the period. This has catapulted hydrogen fuel cell stocks into the limelight. They just need hydrogen (derived from water) for a continuous supply of electricity. Hydrogen fuel cell uses chemical energy to generate electricity.
Hydrogen fuel cell is one of the top clean energy sources in the world. Governments worldwide are ditching non-renewable energy for clean energy sources for economic growth and environment-friendly business expansion.
The world direly needs clean energy sources to avert climate disasters and maintain a sustainable growth of the economy. You can skip our analysis of the hydrogen fuel cell industry and click to read 5 Best Hydrogen Fuel Cell Stocks to Buy Now. Clean energy stocks are gaining a lot of attention these days, but it's extremely important to choose your stocks wisely if you want to profit from the upcoming wave of green energy worldwide. In this article we discuss 10 best hydrogen fuel cell stocks to buy now.
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