Nick Hodge,
Publisher
June 16, 2021
The World Bank is a controversial organization, but it’s pretty good at forecasting global trends.
And in August of 2020, it published a report with an interesting thesis about energy in the developing world.
“Green hydrogen—hydrogen produced with renewable energy resources—could provide developing countries with a zero-carbon energy carrier to support national sustainable energy objectives, and it needs further consideration by policy makers and investors,” the supranational bank wrote.
Indeed, green hydrogen has the potential to solve many of the global south’s energy problems more cleanly — and perhaps even more cheaply — than fossil fuels.
Several developing countries have already made big investments in green hydrogen…
India’s National Hydrogen Energy Mission
The world’s largest democracy already has a detailed blueprint for how it intends to incorporate green hydrogen into its energy sector.
India’s National Hydrogen Energy Mission (NHM) has a budget of more than $200 million and a mandate to help with the country’s goal of bringing 175 gigawatts of renewable energy online by the end of next year. The country also spent several billion dollars on new gas pipelines in 2020, which should make it easier to integrate hydrogen into its energy matrix.
And India’s national government isn’t the only one pushing for more hydrogen energy in the country. The government of Delhi, India’s capital and largest urban area, is looking into purchasing 1,000 hydrogen-powered buses to lessen the smog burden associated with conventional buses.
India may have one of the most ambitious hydrogen agendas in the developing world, but its even-larger neighbor has been working with hydrogen energy for longer…
China Started Making Room for Hydrogen Energy In the 1990s
China used hydrogen power on a large scale to plug gaps in its coal, oil, gas and nuclear power stocks between 1990 and 2000 — and it’s turning its attention back to the energy source today.
According to China’s Ministry of Industry and Information Technology, the nation currently plans to have 1 million hydrogen fuel cell vehicles on the road by 2030 and will build 1,000 hydrogen refuelling stations to support them.
And Asia isn’t the only developing continent where green hydrogen is catching on. The gas is also gaining currency as a shipping fuel source among the emerging markets of northeastern Europe…
Hydrogen-Powered Shipping
The number of zero emission demonstration projects focused on the Baltic shipping industry has grown by 38% over six months. And many of these projects involve zero-emission ship propulsion using hydrogen fuel.
The trend could help the maritime-shipping-oriented economies out of the jam created by the UN’s International Maritime Organization (IMO) 2020 fuel guidelines, which banned the use of high-sulfur fuels commonly used by shipping fleets in developing countries.
Green hydrogen is quickly gaining a foothold in several developing economies. But the biggest green hydrogen gains will be earned in North America and Europe — where national globally-influential governments are aggressively investing in this technology.
I believe in an all-of-the above approach when it comes to energy. I’ll invest in oil and solar stocks with back to back clicks of the mouse.
And as new solutions like hydrogen are introduced I remain convinced that investing in the technology that will power the entire sector — no matter how the electricity is produced — is one of the smartest plays to make right now.
See why here.
Call it like you see it,
Nick Hodge
Editor, Daily Profit Cycle
Nick Hodge is the co-owner and publisher of Daily Profit Cycle and Resource Stock Digest. He's also the founder of Hodge Family Office, the umbrella organization for his three premium services: Foundational Profits, Family Office Advantage, and Hodge Family Office . He specializes in private placements and speculations in early stage ventures, and has raised tens of millions of dollars of investment capital for resource, energy, cannabis, and medical technology companies. Co-author of two best-selling investment books, including Energy Investing for Dummies, his insights have been shared on news programs and in magazines and newspapers around the world.
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