![]() When you think of heavy-duty engines, Cummins is a name that comes to most people’s minds right away. If hydrogen has a big break, BLDP will be one of the key winners. The stock is up 174% in the past year, 120% coming year to date. This Canadian firm has been waiting for the hydrogen heyday for decades and it’s now in the spotlight, with strategic deals in Europe and China with auto manufacturers. You can’t create demand for hydrogen without supply, but you can’t create supply without demand.īLDP has been tactical in its approach to this quandary, and found markets that generate solid income so that it can reach for bigger markets while establishing its name. BLDP specializes in the building the motors and then sells them to other companies looking to put them in their products.Īgain, the challenge is managing a “chicken and egg” dilemma. If you can’t build a motor, the rest of the associated challenges are moot. This PEM has been the greatest challenge for the hydrogen industry. The fundamental technology that makes hydrogen power work is what’s called a proton exchange membrane (PEM), which utilizes hydrogen and oxygen in an electrochemical reaction. The wildfires in California have stoked interest but this uptrend is growing, not subsiding. Given the challenges presented by our aging grid and the need in more industries for “always on” systems, back-up and uninterruptible power are no longer options, but competitive necessities.ħ Augmented Reality Stocks To Buy Now For The FutureīE is up 221% in the past year, 83% year to date. Each unit delivers 200 to 300 kilowatts of power, and customers can add units as needed. What’s more, the entire system is scalable. These units can also store energy and distribute AC or DC power. These cutting-edge technologies can have such long runways.īE’s unique selling point is a fuel cell that allows its industrial-sized generators to run on natural gas, biogas or hydrogen without combustion. Source: Sundry Photography / Ī decade ago, BE was featured in a 2010 60 Minutes segment that asked if it was an “energy breakthrough,” though the company was founded nearly a decade before that. ![]() Bloom Energy logo at their headquarters in Silicon Valley ![]()
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