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Hydrogen fuel is an attractive source for power generation, transportation, and industrial applications. Hydrogen can be produced via natural gas, nuclear power, biomass, and renewable power like solar and wind. It is also a power source that is expected to be boosted by increased investments by automotive companies as the electric vehicle trend continues. Therefore, investing in fuel cell technology is an alternative for investors who want exposure to the transformation to a green world.
According to Precedence Research, the global hydrogen fuel cells market size is expected to surpass USD 131 billion by 2030. It is expected to grow at a compounded annual growth rate (CAGR) of 60.1 per cent from 2022 to 2030. The main reason for this growth trajectory is the increasing popularity and use of hydrogen fuel cells in electric vehicles. Investments in fuel cell technology will benefit from this growth trend.
There are various ways to invest in fuel cell technology:
The fuel cell technology sector is expected to grow rapidly on the back of investments in electric vehicles by the world’s leading automotive companies. If growth trajectories are met, an investment in fuel cell technology can generate good returns.