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July 23rd, 2021 | 12:47 CEST

Nel ASA, dynaCERT, Plug Power - Investments in hydrogen increase worldwide

  • Hydrogen
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Sustainability is a trend that is gaining more and more momentum. This can be seen well in the investments announced in the hydrogen sector. In February, members of the Hydrogen Council, which is made up of 109 global companies, wanted to put USD 80 billion into developing hydrogen projects. By July, that sum had increased by USD 70 billion to USD 150 billion. Europe is a frontrunner in hydrogen technology thanks to funding from the EU Commission's Important Projects of Common European Interest (IPCEI). According to McKinsey, it is only a matter of time before hydrogen is traded like all other commodities. Today we highlight three companies in the hydrogen segment.

time to read: 3 minutes | Author: Armin Schulz
ISIN: NEL ASA NK-_20 | NO0010081235 , DYNACERT INC. | CA26780A1084 , PLUG POWER INC. DL-_01 | US72919P2020

Table of contents:

    Dirk Graszt, CEO, Clean Logistics SE
    "[...] We can convert buses and trucks to be completely climate neutral. In doing so, we take a modular and incremental approach. That means we can work with all current vehicle types and respond to new technology and innovation [...]" Dirk Graszt, CEO, Clean Logistics SE

    Full interview


    Nel ASA - Now with 3-fold bottom

    Nel ASA is benefiting from EU funding through the "Fit for 55" program. The initiative is intended to ensure the achievement of climate targets. After the disappointing quarterly figures at the beginning of May, it was quiet around the Company for a long time. Until June 22, when a cooperation with several companies, including Volvo and Hitachi, was announced. The collaboration aims to enable the rolling of steel using hydrogen. Green hydrogen is to be used, i.e. hydrogen obtained from renewable energy sources and is therefore climate-neutral. The project will receive a total of 180 million Swedish kronor (SEK) in funding.

    On June 24, a framework agreement was signed with Howden for the supply of hydrogen compressors. For CEO Løkke, this contract is a strategic partnership. The goal is to bring the cost of green hydrogen down to USD 1.50 per kilogram. A very ambitious plan, considering that you currently pay EUR 9.26 per kilogram at public hydrogen filling stations in Germany. The high price is currently the biggest problem for hydrogen technology.

    The primary trend in hydrogen is underpinned by this news, but the downgrade by JPMorgan sent the stock down almost 6% last Friday. The bank downgraded Nel ASA to "underweight" and lowered its price target from 28 Norwegian kroner (NOK) to NOK 15. Last Monday, the stock retested the double bottom already formed and bounced back from NOK 16.38 to NOK 18.55. If the NOK 18.74 level is exceeded, the share should test the high at NOK 21.45.

    dynaCERT - Growth prospects

    dynaCERT has spent over CAD 70 million in 18 years researching and developing the HydraGEN technology and operates as a cleantech company. The patented process can be installed in all diesel vehicles and promises less fuel consumption (10-15%), longer engine life, and most importantly, up to 88% less toxic gases within the emission. Currently, the Company is working to obtain emission credits that will be shared between the customer and the Company. If this step succeeds, the Company faces a bright future.

    Tesla's profits are based mainly on these carbon credits. For dynaCERT, this revenue stream would be similarly lucrative and would be another selling point for HydraGEN. The Corona Crisis cost the Company a lot of revenue. Management has taken advantage of the time to continue research and development and upgrade the large manufacturing facility in Toronto. CEO Jim Payne anticipates growth as the Corona pandemic slowly recedes.

    On June 21, the collaboration with Galaxy Power was announced. The two companies share a vision to make the world a better place. The hydrogen economy combined with cleantech offers new business opportunities. In addition, there are tax incentives from the government if solutions are found to stop climate change. Due to the pandemic, the share price has come under a lot of pressure. However, the chart technology sends the first positive signals, so the bottom may have been found.

    Plug Power - Green hydrogen project launched

    Plug Power uses hydrogen as a fuel cell solution to power electric motors. To date, over 40,000 vehicles have been delivered with Plug Power solutions. In addition, the Company operates a hydrogen pipeline across North America and owns hydrogen refueling stations. The GenKey concept offers a wide range of solutions to help companies that want to run on hydrogen get started right away.

    Plug Power is trying its hand at green hydrogen for the first time and has partnered with Apex Clean Energy. To generate green hydrogen, renewable energy is needed, and therefore 345 megawatts of wind power have been acquired. When development is complete, the plant is expected to produce 30 tons of green hydrogen per day. The plan is to be able to make at least 1,000 tons of hydrogen daily by 2028.

    Similar to Europe, the hydrogen industry is supported by politicians. In the US, a price target of USD 1 per kilogram of hydrogen has even been issued. To achieve this goal, the Company brought David Mindnich, a former Tesla employee, onboard on July 22. The stock broke out of its downtrend in early June but is still struggling to form new highs. Closing prices above USD 28.46 would significantly brighten the chart picture.

    Although electromobility currently has the edge, the battle between electromobility and the hydrogen drive has not yet been decided. If the price of hydrogen can be reduced significantly, its use will make more and more economic sense. Nel ASA and Plug Power are active in this area. A cleantech approach based on hydrogen is used by dynaCERT and offers the most fantasy in the short term.

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    Der Autor

    Armin Schulz

    Born in Mönchengladbach, he studied business administration in the Netherlands. In the course of his studies he came into contact with the stock exchange for the first time. He has more than 25 years of experience in stock market business.

    About the author

    Related comments:

    Commented by André Will-Laudien on November 29th, 2023 | 09:50 CET

    DAX on record course, hydrogen sell-off! Plug Power, First Hydrogen, Nel ASA and Daimler Truck on the test bench

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    The DAX is soaring because most investors expect interest rates to fall. Based on the assumption of slower growth, investors are again focusing on cyclically sensitive stocks at the turn of the year. According to the expectation curves for ECB and FED interest rates, the first downward adjustments are already expected in Q2. The key factors here are the slight fall in inflation and the central banks' desire to cushion the potential downturn. Despite all the euphoria, the desire to buy is currently bypassing the hydrogen sector. Representatives of the sector are the stock market losers of 2023. Is there still a possibility of a quick rebound in 2024? We do the math.


    Commented by Fabian Lorenz on November 24th, 2023 | 13:00 CET

    100% upside potential with hydrogen! Siemens Energy, thyssenkrupp and dynaCERT instead of Nel?

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    Is there about to be a changing of the guard in the hydrogen sector? There are significant doubts that the previous investor favorites, Nel and Plug Power, will get their losses under control. Who could be the new favorites? Siemens Energy and BASF are working on a production plant for CO2-free hydrogen. The partners are now receiving funding from the federal government and the state of Rhineland-Palatinate. dynaCERT is having its technology tested under the toughest conditions. The hydrogen and emissions reduction specialist is equipping a team for the Dakar Classic Rally. Could 2024 bring revenue growth? thyssenkrupp nucera shows that you can also earn money with hydrogen. Analysts see almost 100% share price potential.


    Commented by André Will-Laudien on November 23rd, 2023 | 07:30 CET

    Getting in now? Hydrogen - The analysis: Nel and Plug Power sold off, rebound at dynaCERT!

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    It was like a crash. The hype sector hydrogen experienced one of the most significant sell-offs in recent stock market history with a complete reversal to the downside. Parallel to otherwise bullish markets, losses of 70 to 90% were not uncommon. The rationale behind this is understandable and frustrating at the same time: green-oriented governments around the world are trying to accelerate the climate transition but often have the wrong targets in mind due to their lack of expertise. Hydrogen is just a selectively applicable technology and not a solution for global energy supply. Studies show that only the complete, green production of H2 makes any economic sense. Investors have long since seen through the game, and politicians may have to fail before the necessary insight comes. Nevertheless, there are some opportunities for sensible hydrogen applications. We delve into the topic and put current models to the test.