At least four hydrogen companies have announced plans to list on the market this year and more are expected to follow as the sector is set for strong growth.
A series of hydrogen companies will undertake initial public offerings this year as they seek to capitalise on growing investor interest in a market that is tipped to soar over the next 12 months.
Andrew Forrest has toured the world signing agreements to study green hydrogen and promoting the product – including on London taxis.An Italian manufacturer of electrolyser electrodes, Industrie De Nora SpA, Thyssenkrupp AG’s hydrogen business, US synthetic fuel maker eCombustible Energy and Shanghai Hydrogen Propulsion Technology Co all announced plans in November to go public, and BNEF said it expected more.
Mr Tengler said he expected the public listings to stem from the strong financial performance of many hydrogen companies, which have profited from soaring demand amid mounting pressure to reduce emissions.Such is the demand, BNEF said it expected sales of hydrogen electrolysers to quadruple in 2022 from last year, with Chinese buying underpinning much of the growth
While the US will see strong growth – led in large part by the likes of Plug Power for forklift and stationary power customers in New York, Georgia, Pennsylvania and California, BNEF said the world’s biggest economy would see “a tidal wave” once it started allocating funding from the Infrastructure Investment and Jobs Act.The signature legislation of US President Joe Biden includes $US9.5 billion for hydrogen research, development and demonstration between 2022 and 2026.
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