Between euphoria and industrial realism: How Linde, Hapag-Lloyd, and dynaCERT are defining the new reality of the hydrogen economy

Linde: The sovereign of molecules benefits from the US boom

Linde exemplifies the industrial scale of the new energy world. The Company has positioned itself as the undisputed "sovereign of molecules" and is benefiting significantly from the current fragmentation of the hydrogen market. While pure-play green hydrogen developers struggle with high capital costs and a lack of infrastructure, Linde is pragmatically focusing on "blue hydrogen" – production from natural gas combined with CO2 capture. This approach is proving particularly advantageous in the United States.

There, the "One Big Beautiful Bill" (OBBB) Act has reshaped the investment landscape. As analysts note, blue hydrogen is politically regarded in the US as a bridge technology and an instrument of energy security. This strengthens Linde's massive presence on the US Gulf Coast, where the Company already has a unique network of pipelines and caverns. For investors, Linde represents a foundational investment: a company supplying the critical infrastructure for the hydrogen economy, regardless of whether the end product is green or blue. This form of pragmatism would also suit the EU well – in other regions of the world, the principle of feasibility over perfection has long been the norm.

Hapag-Lloyd: The maritime demand explosion

On the demand side, shipping is facing its most significant transformation since the invention of the container. Hapag-Lloyd, one of the world's largest shipping companies, must radically rebuild its fleet to meet the EU's stricter climate targets. Regulations such as "FuelEU Maritime" are forcing the industry to reduce emissions drastically, otherwise it faces heavy fines.

Hapag-Lloyd is responding to this with extensive investments in dual-fuel ships that can run on methanol. As the Company's third-quarter report for 2025 shows, this strategy is the key to long-term profitability. The order for eight new methanol container ships underscores that decarbonization is no longer just lip service, but a hard economic necessity. Hapag-Lloyd is thus transforming itself from a pure logistics provider to a driver of demand for hydrogen derivatives, as methanol will have to be produced from green hydrogen in the future.

dynaCERT: The game changer in the niche

While Linde is building infrastructure and Hapag-Lloyd is ordering new vessels, Canadian company dynaCERT is addressing what is perhaps the most pressing issue of the transition phase: what will happen to the millions of existing diesel engines that will continue to run for decades to come? dynaCERT provides an answer to this question with its patented HydraGEN™ technology, which is increasingly resonating with investors.

The system produces hydrogen "on demand" and feeds it into the combustion process of diesel engines, significantly reducing fuel consumption and emissions. But the real lever for the stock lies in monetizing these savings.
Some time ago, the Company achieved a decisive breakthrough: the renowned standardization organization Verra verified dynaCERT's methodology for carbon credits. As a result, users of the technology can certify their CO2 savings and trade them as CO2 certificates.

(image: z-chart-dynacert-01.png caption: The chart speaks for itself – when will dynaCERT shares make a comeback?

dynaCERT: An addressable market is emerging

This development is changing dynaCERT's business model and taking it to a new level. It is no longer just about selling hardware, but also about generating recurring revenue from climate protection. In a world where logistics companies are required to pay for every ton of CO2 they emit under the EU ETS, dynaCERT offers a solution that pays off immediately and does not require billions in investments in new fleets. As a technological bridge builder, the Company occupies a strategic niche between the fossil fuel present and the green future.

For investors seeking opportunities beyond the major indices, dynaCERT offers an exciting combination of technological validation by Verra and a huge addressable market in the existing global logistics business. After a weak 2025, the stock has recently shown early signs of recovery - putting dynaCERT back on the radar of speculative and thematic investors.