Buy Hydrogen Car
Colorado will adopt California's zero-emission vehicle (ZEV) mandate, which requires automakers to sell battery-electric cars, plug-in hybrids, or hydrogen fuel-cell cars as a certain proportion of their overall sales, or purchase credits from other automakers to offset lower ZEV sales. Forcing automakers to sell ZEVs has helped spur sales in California, and could have the same effect in Colorado.
buy hydrogen car
BMW has been experimenting with hydrogen fuel cell cars for years, but unlike Honda, Hyundai, and Toyota, the German automaker hasn't put hydrogen cars into production. Forbes reports that BMW will launch a test fleet of fuel-cell X5 SUVs in the early 2020s, followed by a volume-production model, co-developed with Toyota, in 2025.
The hydrogen fuel-cell X5 will likely function as a sort of beta test vehicle, giving BMW real world data on fuel cell technology -- and customers' reactions to it. BMW did a similar thing with battery-electric cars, leasing the Active E and Mini E models to handpicked customers before the full-scale rollout of its first mass-produced electric car, the i3. It also makes sense for BMW to partner with Toyota on a series production model. Toyota has lots of experience with fuel cells, and the two automakers have an existing relationship. They previously partnered on the Toyota Supra and BMW Z4 sports car twins.
Many companies founded after the 1970s oil crisis focused on hydrogen cell technology as a clean, renewable source of energy. There was a breakthrough in the area of fuel-powered technology in the 1990s when a research team at Ballard Power Systems in Canada managed to increase the power density of hydrogen, upping the average figure from 200 Watts/liter to some 1,500.
Two hundred years after the first vehicles running on hydrogen were invented, the first commercially produced hydrogen car was introduced in 2013. It was the Hyundai ix35 FCEV. Then the auto giant was followed by Toyota and Honda, who manufactured their own versions of the vehicles.
However, unlike a battery-electric car, hydrogen-powered vehicles don't require charging. You refuel them with hydrogen gas, which is pumped in the same way as you would fill up conventional petrol or diesel. It takes several minutes to fill a full tank.
As the energy storage of such cars is densely packed, they are usually able to achieve longer distances. For example, while most fully electric vehicles can travel between 100-200 miles on a single charge, hydrogen ones can get up to 300 miles.
As the industry is young, the fuel cost is also not cheap. One kilogram of hydrogen gas costs about $16. Some car-manufacturing companies offer benefits to their clients. For example, Toyota provides all Mirai owners a hydrogen gas card that has $15,000 on it.
In the US, there are currently 39 public hydrogen fueling stations in California (with another 25 in development), along with a couple in Hawaii. The East Coast is getting its own infrastructure. A handful of stations are up and running, and more are in the works in New York, New Jersey, Massachusetts, Connecticut, and Rhode Island.
In terms of fuel economy and range, the Clarity Fuel Cell got up to 68 mpge and could go about 366 miles on a full tank of hydrogen. Like other Hondas, the Clarity Fuel Cell was also equipped with a ton of smart standard features.
The last hydrogen option available is the Mirai. Like the Clarity Fuel Cell, the Mirai is a sedan, but much cheaper than the Nexo with the Mirai starting at about $50,000. Like other hydrogen cars, the Mirai is currently only sold in California. And just like the Nexo, customers can take advantage of federal EV tax credits when they buy the Mirai.
Delivering best-in-class space, NEXO offers SUV versatility. With a boot capacity of 461 litres (VDA), it has plenty of room for passengers and their luggage. The convenient 60/40 split-folding rear seats give you more flexibility and cargo space when you need it. The hydrogen fuel tanks have been specially designed to enable a full fold-flat floor. And with the seats folded flat, you have a generous 1,466 litres of space.
NEXO has also been awarded a 5* Euro NCAP rating. Hydrogen is stored in three tanks for extra security in the event of a collision, and a high strength tank protection structure is designed to absorb high energy impacts without transferring impact loads through to the hydrogen tank.
In this article, we discuss 10 best hydrogen and fuel cell stocks to buy in 2022. If you want to read about some more hydrogen and fuel cell stocks, go directly to 5 Best Hydrogen and Fuel Cell Stocks to Buy in 2022.
The hydrogen and fuel cell market has come under increased media spotlight in the past few years as policymakers around the globe use energy transition as an important stepping stone on the road to zero emissions. Hydrogen-powered battery packs or fuel cells, which produce electricity and emit water and heat, are starting to dominate discussions around possible alternatives to fossil fuels. According to a report by research firm Fortune Business Insights, the global hydrogen generation market will reach $220 billion in value by 2028.
This represents a compound annual growth rate of 5.6% for the hydrogen sector that was valued at around $150 billion in 2021. Some of the best hydrogen and fuel cell stocks that investors might want to consider profiting from this boom include Linde plc (NYSE:LIN), Shell plc (NYSE:SHEL), and DuPont de Nemours, Inc. (NYSE:DD). Some of the advantages that hydrogen tech offers over other green power sources are that fuel cells can use a wide range of fuels and feedstocks and can provide power for both large and small systems.
For example, automakers have struggled to convince consumers of the potential of hydrogen-powered vehicles. However, the trucking industry is rapidly embracing the new technology. Andreas Gorbach, the technical chief of Daimler Trucks, said at IAA Transportation 2022 that even though no battery chemistry will ever outperform how much energy engineers can store with hydrogen, there were still major obstacles to overcome before hydrogen fuel cell trucks could start to replace diesel vehicles. He reiterated:
The companies that operate in the hydrogen and fuel cell sectors were selected for the list. In order to provide readers with some context for their investment choices, the business fundamentals and analyst ratings for the stocks are also discussed. Data from around 900 elite hedge funds tracked by Insider Monkey in the second quarter of 2022 was used to identify the number of hedge funds that hold stakes in each firm.
On September 22, RBC Capital analyst Erwan Kerouredan initiated coverage of Fusion Fuel Green PLC (NASDAQ:HTOO) stock with a Sector Perform rating and a $7 price target, highlighting that green hydrogen demand is expected to grow substantially in the next decade and the company's integrated product offering and strategic location near cheap renewable power and green hydrogen demand could make for a compelling investment case.
Westport Fuel Systems Inc. (NASDAQ:WPRT) engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications worldwide. It is one of the best hydrogen stocks to invest in. Westport Fuel Systems Inc. (NASDAQ:WPRT) shares have jumped recently after the company announced that it was awarded a program to develop and supply liquefied petroleum gas systems for Euro 6 vehicle applications for an unnamed global original equipment manufacturer. Westport Fuel Systems Inc. (NASDAQ:WPRT) is also developing fuel systems for future regulations, including proposed Euro 7 standards.
Ballard Power Systems Inc. (NASDAQ:BLDP) provides atmospheric gasses, process and specialty gasses, equipment, and services worldwide. It is one of the premier hydrogen stocks to invest in. Ballard Power Systems Inc. (NASDAQ:BLDP) recently announced plans to establish a new China headquarters, R&D center, and membrane electrode assembly (MEA) manufacturing facility. The company will spend $130 million over the next three years to establish its new site at the Jiading Hydrogen Port in Shanghai.
Bloom Energy Corporation (NYSE:BE) designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. It is one of the premier hydrogen stocks to invest in. Bloom Energy Corporation (NYSE:BE) recently priced an underwritten public offering of 13 million shares of Class A common stock at a public offering price of $26.00 per share for expected gross proceeds of $338 million.
Plug Power Inc. (NASDAQ:PLUG) delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for various sectors. It is one of the most prominent hydrogen stocks to invest in. Plug Power Inc. (NASDAQ:PLUG) shares have risen after the firm agreed to supply liquid green hydrogen to Amazon starting in 2025 to help decarbonize the latter's operations. As part of the deal, Plug Power Inc. (NASDAQ:PLUG) granted Amazon a warrant to acquire up to 16 million common shares, with an exercise price for the first 9 million warrant shares of $22.98 per share.
On October 04, Citi analyst P.J. Juvekar kept a Buy rating on Plug Power Inc. (NASDAQ:PLUG) stock and lowered the price target to $28 from $36, underlining that Plug Power is bringing on 70 TPD of green hydrogen plants by the end of this year, with a target of 500 TPD by 2025.
As of October 3, 2022, the number of open retail hydrogen stations in California stood at 57, which is 7 more than at the beginning of the year. 9 new stations are under construction. See the full list of hydrogen infrastructure here.
However, other hydrogen refuelling stations are due to come on stream in Sydney, Brisbane and Melbourne in the next two to three years; in Europe hydrogen is available alongside petrol and diesel bowsers at selected service stations.
For now, pricing is yet to be revealed. However, based on overseas markets, hydrogen cars currently cost the equivalent of $100,000 to $120,000. It is hoped the cars will become cheaper as the cost of the technology is amortised. 041b061a72