In the past few years, hydrogen has become a popular topic of discussion in the clean energy sector. Hydrogen is a clean, renewable energy source that can be used to generate electricity or fuel vehicles.
In recent years, there has been a rise in interest in hydrogen as a clean energy source. What’s more, it is increasingly being used as a substitute for fossil fuels like oil and coal.
Hydrogen is produced by splitting water molecules into its two constituent elements: hydrogen gas (H2) and oxygen gas (O2). The process is called electrolysis and uses electricity from solar panels or wind turbines to split water into its components. This process can also be reversed, allowing for use of the hydrogen as an energy source for transportation or heating purposes.
The advent of electrolyzer technology has made it possible for companies to produce cheap hydrogen at scale using renewable sources such as wind turbines or solar panels.
A trader might want to consider stocks like General Electric (GE), Vestas Wind Systems A/S (VWS), Siemens AG (SIEGY), and Enercon GmbH & Co KG (ENER). A trader should also deploy a good stock trading bot to assist in executing trades.
The renewable energy sector is one of the fastest-growing industries in the world, and companies that develop or produce clean technology are well positioned to take advantage of this trend.
DISCLAIMER: This article is not professionally written and is not meant to be an investment advice. Please seek your independent professional advisor for any investment decision.