TorontoStartsBook a call

Hydrogen Stocks 2025: A Forecast Amid Turbulence

Silicon Scoop · November 18, 2024

Hydrogen Stocks 2025 : A Forecast Amid Turbulence Once celebrated as the beacon of green energy, hydrogen stocks are now facing significant market challenges. As investors and industry leaders contend with fluctuating stock values and changing market dynamics, understanding the future landscape of hydrogen investments becomes crucial. This article delves deep into what lies ahead […]

With Craig Major and Jon Irwin

Open audio in your browser
Hydrogen Stocks 2025: A Forecast Amid Turbulence

Hydrogen Stocks 2025 : A Forecast Amid Turbulence Once celebrated as the beacon of green energy, hydrogen stocks are now facing significant market challenges. As investors and industry leaders contend with fluctuating stock values and changing market dynamics, understanding the future landscape of hydrogen investments becomes crucial. This article delves deep into what lies ahead for hydrogen stocks as we approach 2025.

The Rise and Fall of Hydrogen Stocks

The rise and fall of hydrogen stocks can be attributed to a complex interplay of economic, technological, and market factors. Initially, the surge in hydrogen-related stocks was fueled by the global shift towards sustainable energy solutions, with hydrogen being touted as a clean, versatile energy carrier capable of decarbonizing various sectors including transportation, industrial manufacturing, and electricity generation. The promise of a hydrogen economy led to heightened investor optimism, driving up the valuations of companies involved in hydrogen production, fuel cell manufacturing, and related technologies.

This initial surge, however, encountered several headwinds leading to a subsequent decline. On the economic front, the realization set in that hydrogen production was still predominantly reliant on fossil fuels, particularly natural gas, in a process known as steam methane reforming which emits CO2. Although ‘green hydrogen’ produced via electrolysis using renewable energy emerged as a clean alternative, its high production cost compared to conventional fuels and even to ‘grey hydrogen’ has been a significant deterrent.

Technologically, the scalability of hydrogen infrastructure presented hurdles. The lack of widespread fueling stations, the challenges in hydrogen storage and transportation owing to its low energy density per volume, and the high upfront costs of fuel cell technologies dampened the pace of market adoption.

Market influences also played a role. The competitive landscape saw increasing investments in battery electric technologies, which are seen as more immediately viable for light-duty transportation. In addition, regulatory inconsistency and the lack of clear global standards for hydrogen production and utilization created further uncertainty.

Collectively, these factors underscored the volatility of hydrogen-related stocks. While the long-term potential of hydrogen as a clean energy vector remains significant, the path towards it is fraught with economic, technological, and market challenges that need to be navigated carefully. The initial investor euphoria has been tempered by the reality of these challenges, leading to a recalibration of expectations and valuations in the hydrogen sector.

Current Challenges in the Hydrogen Market

Understanding the current challenges in the hydrogen market is crucial to conceptualize the volatile journey of hydrogen investments as we approach 2025. Following the rise and fall of hydrogen stocks, attributed to an amalgamation of economic, technological, and market forces, it’s essential to delve deeper into the persisting and emergent hurdles that shape the sector today.

Technological barriers represent one of the most formidable challenges. Unlike traditional energy sources, hydrogen technology is still in its nascent stages, requiring substantial advancements to ensure efficiency, reliability, and affordability. Storage and transportation of hydrogen, due to its highly volatile nature, continue to pose significant safety and logistic concerns. Innovations in fuel cell technology and infrastructure development are urgently needed to overcome these limitations, but progress has been incremental and fraught with setbacks.

Another critical obstacle is the production costs associated with green hydrogen, which is obtained through the electrolysis of water using renewable energy sources. Currently, green hydrogen production is significantly more expensive than its less eco-friendly counterparts, grey and blue hydrogen, produced from natural gas. The high cost of electrolyzers and the substantial energy requirement for splitting water molecules are primary factors keeping production costs elevated. Reducing these costs is imperative for hydrogen to become a competitive alternative in the global energy mix.

Market acceptance and regulatory frameworks also play pivotal roles in the industry’s dynamics. The global market is still coming to terms with hydrogen as a viable energy source, with consumer acceptance lagging behind due to limited exposure and understanding of hydrogen-based products. Furthermore, the absence of a comprehensive and uniform regulatory framework across different regions creates an environment of uncertainty for investors and producers alike, hindering large-scale adoption.

Environmental impact concerns, while driving the push towards green hydrogen, also add a layer of complexity. The sustainability of hydrogen production depends heavily on the source of energy used in the electrolysis process. As such, the industry’s potential environmental benefits are contingent upon the increased availability and use of renewable energy sources, aligning hydrogen’s promise with global decarbonization efforts.

Addressing these challenges requires a concerted effort from industry stakeholders, policymakers, and the scientific community. As we move towards 2025, the balancing act between technological innovation, production cost reductions, regulatory harmonization, and market acceptance will dictate the trajectory of hydrogen stocks and the broader industry. The anticipation of this resolution forms the basis of the subsequent analysis and forecasts for hydrogen stocks leading up to 2025, underscoring the intricate interplay between these pivotal factors.

Forecasts and Predictions for 2025

Building on the understanding of current challenges faced by the hydrogen market, the forecast towards 2025 becomes a fascinating narrative of anticipated advancements, market dynamics, and evolving regulatory landscapes. Experts predict a transformative period for hydrogen stocks driven by multi-faceted developments across technological, market, and regulatory dimensions.

Technological Advancements: A central theme in the evolution towards 2025 is the expected leap in hydrogen production and storage technologies. Innovations aimed at enhancing electrolysis efficiency and green hydrogen production are at the forefront of research. Breakthroughs in this area are pivotal, promising to significantly reduce costs and elevate the competitiveness of hydrogen as a clean energy vector. Furthermore, advancements in storage and transportation technologies, including liquid organic hydrogen carriers and solid-state hydrogen storage, are anticipated to resolve current limitations, expanding the utility and application scope of hydrogen significantly.

Market Expansions and Contractions: The next few years are expected to witness a marked expansion of the hydrogen market, underpinned by sectors like transportation, particularly in heavy-duty and long-haul vehicles, and industrial processes that seek sustainable fuel alternatives. Regions with strong regulatory support for green initiatives, like the European Union and some Asian countries, are predicted to lead this market expansion. However, experts caution against potential market contractions in regions where fossil fuel interests or lack of supportive regulatory frameworks could dampen the pace of hydrogen adoption.

Anticipated Regulatory Changes: Regulatory shifts are expected to play a critical role in shaping the hydrogen market. Increasingly stringent carbon emission targets worldwide are likely to drive supportive policies, including tax incentives for green hydrogen production and usage, funding for research, and infrastructure development programs. These regulatory changes are poised to create a more favorable environment for hydrogen stocks, although the pace and extent of such shifts could vary significantly across different jurisdictions.

In summary, looking towards 2025, the hydrogen market is on the cusp of a potential boom, propelled by technological breakthroughs, expanding market applications, and evolving regulatory support. However, the journey is not without its hurdles, requiring continuous monitoring of technological progress, market trends, and policy landscapes to navigate the volatile terrain of hydrogen investments successfully. The next chapter will explore how these dynamics mirror in investor sentiments and market behavior, highlighting the psychological undercurrents driving investment decisions in this evolving landscape.

Investor Sentiments and Market Behavior

Building on the foundation laid by expert analyses and market predictions, the psychology of investors regarding hydrogen stocks is deeply influenced by past trends, current uncertainties, and the overall market sentiment shaped by media coverage and industry reports. As the focus moves towards 2025, understanding the evolving attitudes and decisions of investors is crucial in navigating the journey of hydrogen investments, especially when compared to other energy sectors such as solar, wind, and traditional fossil fuels.

Past trends have shown a volatile but generally upward trajectory for hydrogen stocks, capturing investor interest in clean and sustainable energy solutions. Yet, this enthusiasm is often tempered by the nascent stage of hydrogen technologies and the market’s sensitivity to regulatory changes and technological advances. The anticipation of more efficient hydrogen production methods and supportive governmental policies, as projected for leading up to 2025, offers a beacon of hope yet is clouded by the inherent risks of pioneering in an emerging field.

Investor sentiment towards hydrogen stocks, therefore, oscillates between bullish optimism driven by the potential of a green energy future and cautious skepticism over the immediate hurdles. This dichotomy is vividly reflected in market behavior, where significant news or reports can trigger sharp movements. Media coverage plays a pivotal role in this context, with positive reports on technological breakthroughs or new legislation often leading to surges in investor interest and stock prices. Conversely, negative press regarding setbacks in technology or policy can dampen enthusiasm markedly.

Moreover, industry reports and analyses offering deep insights into the hydrogen market’s potential growth, competitive landscape, and forecasted trends are closely watched by investors. These documents serve as guideposts, helping investors navigate the complex terrain of hydrogen investments by providing a semblance of clarity amidst uncertainties.

As investors peer into the future, weighing the promises against the pitfalls, their sentiments and resulting market behavior are crucial determinants of the trajectory for hydrogen stocks heading into 2025. The interplay between belief in hydrogen’s potential and wariness of its challenges will continue to shape investment decisions, influenced by every new technological milestone achieved, policy enacted, and piece of analysis published. This evolving investor psychology, set against a backdrop of comparative analysis with other energy investments, highlights the unique position of hydrogen stocks within the broader energy market as we move towards a more sustainable energy paradigm.

Comparative Analysis with Other Energy Stocks

In the quest to decipher the future prospects of hydrogen stocks by 2025, a meticulous comparative analysis with other prominent energy stocks—spanning from solar and wind to traditional fossil fuels—is imperative. This examination not only unravels the variegated risks and rewards intrinsic to each energy investment faction but also contextualizes hydrogen’s position within the broader energy market.

Starting with solar and wind energy stocks, the narrative of renewable energy investments has been significantly bolstered by global sustainability drives and technological advancements. Solar and wind stocks, reflecting this momentum, have shown robust growth patterns and are perceived as less volatile when compared to the embryonic hydrogen sector. Notably, solar and wind energies enjoy a more established market presence, benefitting from more predictable government policy support and technological maturity. However, the inherent intermittency of solar and wind power generation poses a considerable challenge, creating a market niche for complementary technologies like hydrogen, which offers energy storage solutions.

In contrast, traditional fossil fuel stocks, while historically dominant, face increasing scrutiny due to environmental concerns and regulatory pressures. Their volatility has heightened amidst global efforts to transition towards cleaner energy sources, making investments in oil and gas more susceptible to geopolitical tensions and a declining social license to operate. Fossil fuel stocks, despite offering substantial dividends in the past, now carry a heightened risk profile due to the inevitable shift towards decarbonization.

Hydrogen stocks, situated uniquely at the convergence of renewable energy momentum and the imperative for decarbonization, present a high-risk, high-reward proposition. Their volatility is pronounced, influenced significantly by investor sentiment and market behavior previously discussed, wherein media coverage and industry reports play pivotal roles. The potential rewards, however, are immense, especially as governments worldwide are increasingly backing hydrogen technologies through policies and support programs, as will be elaborated in the following chapter. Hydrogen’s ability to offer solutions for energy storage, transportation, and industrial decarbonization positions it as a critical player in the future energy landscape.

In summation, while solar and wind investments offer a more stable albeit less explosive growth trajectory compared to hydrogen stocks, the latter’s volatility is matched by its potential for unprecedented returns amidst the energy transition. Traditional fossil fuels, on the other hand, increasingly appear as the less attractive investment avenue due to evolving regulatory and environmental landscapes. The journey towards 2025 for hydrogen stocks, therefore, while fraught with uncertainty, is illuminated by the promise of transformational change across the global energy sector.

Role of Government and Policy Support

The role of government and policy support in the evolution of the hydrogen industry cannot be understated. As we move towards 2025, the interplay between governmental initiatives and the viability of hydrogen technologies—and by extension, hydrogen stocks—becomes increasingly critical. Unlike the comparative analyses with other energy stocks which illuminate the market dynamics from a financial perspective, understanding the policy landscape provides insight into the regulatory backbone that either fosters or impedes growth in the hydrogen sector.

Subsidies, tax incentives, and international agreements stand as pivotal mechanisms through which governments can either propel or hinder the hydrogen economy. Firstly, subsidies aimed at research and development in hydrogen technologies can lower the entry barrier for new companies and innovations, addressing upfront costs that often deter investment in emerging technologies. This nurturing of the hydrogen ecosystem does not only accelerate technological advancements but makes the market more appealing for investors, indirectly bolstering hydrogen stocks.

Similarly, tax incentives for companies investing in hydrogen production, storage, and fuel cell technologies play a vital role in offsetting operational costs, thus enhancing profitability and attractiveness to investors. Policies such as tax credits for clean energy investments or reduced corporate taxes for sustainable energy companies directly influence the financial health of hydrogen firms, making their stocks more desirable to both retail and institutional investors.

Beyond domestic policies, international agreements on climate change and emissions reductions set the stage for a global shift towards cleaner energy sources, including hydrogen. These agreements, like the Paris Accord, often come with commitments from member countries to reduce carbon footprints, creating a ripe market for hydrogen solutions. For hydrogen stocks, this translates into an expanding market scope and increased demand for hydrogen-based applications, propelling stock valuations.

The intersection of governmental policies with the hydrogen industry creates a foundational support system that is crucial for the sector’s growth. As policies evolve to further support clean energy, hydrogen technologies stand to become more competitive and financially viable, promising a robust outlook for hydrogen stocks as we look towards 2025. This narrative naturally segues into the next discussion on technological innovations, where the focus shifts from the policy canvas to the advancements and breakthroughs that are set to redefine the hydrogen market landscape.

Technological Innovations Shaping the Future

Building upon the solid foundation laid by governmental policies and support mechanisms, the hydrogen industry is at the cusp of a technological renaissance that promises to transform the landscape of hydrogen stocks by 2025. A focal area where innovation is set to drive significant growth is in fuel cell technologies. The next generation of fuel cells is expected to be more efficient, durable, and cost-effective, primarily due to breakthroughs in materials science. Advances in catalysts that reduce reliance on expensive platinum, coupled with improved membrane technology, promise to lower costs and extend the lifespan of fuel cells. This has the potential to greatly enhance the competitiveness of fuel cells for a range of applications, from stationary power generation to transportation.

Parallel to advancements in fuel cell technologies, transformative improvements in hydrogen production methods are underway. Electrolysis, the process of using electricity to split water into hydrogen and oxygen, is seeing innovations that could slash energy consumption, a critical factor in the cost of green hydrogen. Development in solid oxide electrolyzers and advancements in PEM (proton exchange membrane) technology are leading the charge towards more efficient hydrogen production. This is especially significant in the context of increasing availability of low-cost renewable electricity, which can make green hydrogen production more economically viable.

In addition to technological innovations in hydrogen generation and utilization, the development of hydrogen infrastructure is a critical enabler for the sector’s growth. Projects focused on hydrogen transport, storage, and refueling stations are pivotal. Innovative storage solutions that offer high-density hydrogen storage, along with advancements in hydrogen liquefaction and compression technologies, aim to address the challenge of efficiently transporting hydrogen. The deployment of hydrogen refueling stations is expanding, facilitated by modular designs that allow for scalable and cost-effective infrastructure build-out.

The synergy between improved fuel cell technologies, advances in hydrogen production methods, and the development of a robust hydrogen infrastructure forms a potent combination that is poised to drive the next wave of growth in hydrogen stocks. As these technological innovations materialize and scale, the costs associated with hydrogen energy are expected to decrease, making hydrogen a more attractive option across a broader range of applications. This development trajectory suggests a bullish outlook for hydrogen stocks as we approach 2025, underpinned by a dynamic innovation ecosystem that is continuously pushing the boundaries of what is possible in the hydrogen sector.

FAQ on Hydrogen Stocks

What are the primary factors driving hydrogen stocks?
The momentum behind hydrogen stocks is principally powered by the global push towards greener energy sources to combat climate change. Innovations in fuel cell technology and hydrogen production methods, as discussed in the previous chapter, alongside increasing investments in infrastructure, are significant drivers enhancing the appeal of hydrogen as a key element in achieving a sustainable energy future.

How volatile are hydrogen stocks expected to be towards 2025?
Given the burgeoning state of the hydrogen market, stocks in this sector are anticipated to experience high volatility. This stems from fluctuating government policies, technological breakthroughs, and varying pace of infrastructure development across regions. Investors should be prepared for a turbulent journey marked by potential high rewards, juxtaposed with risks associated with nascent markets.

What are the potential risks of investing in hydrogen stocks?
Investment risks include technological obsolescence, regulatory changes, and market competition from other green energy sources. As hydrogen technology is in a critical development phase, any lag in innovation or adoption could impact market position. Additionally, investors should monitor geopolitical and policy-driven fluctuations affecting the sector.

Can the environmental impact of hydrogen production affect stock value?
Yes, the environmental footprint of hydrogen production, particularly grey and brown hydrogen, could significantly influence investor sentiment and regulatory landscapes, impacting stock valuations. The shift towards green hydrogen production technologies presents both a challenge and an investment opportunity as the sector matures.

Are there specific technological dependencies for hydrogen stocks to thrive?
Yes, the success of hydrogen stocks is closely tied to advancements in electrolysis technology for green hydrogen production and improvements in fuel cell efficiency. Infrastructure development such as hydrogen refueling stations is also crucial. Without these technological progresses, the scalability and economic viability of hydrogen as a widespread energy source could be limited.

Is there a forecasted leader in the hydrogen market by 2025?
Given the current trajectory, companies leading in electrolyser technology, fuel cell innovation, and those with strategic partnerships for infrastructure development are poised to be at the forefront. However, predicting a clear leader is challenging due to the rapid pace of technological development and emerging market players.

How will government policies affect hydrogen stocks?
Government policies will play a pivotal role, with subsidies, incentives for R&D, and regulations around carbon emissions shaping the competitive landscape. Positive policy frameworks in leading economies can significantly bolster market confidence and drive investments in hydrogen technology.

What role does international collaboration play in the growth of hydrogen stocks?
International collaborations are crucial for standardizing technology, facilitating trade in hydrogen, and deploying global infrastructure. Agreements between countries can help in overcoming technical and economic barriers, promoting a concerted effort towards hydrogen economy realization.

How important is the development of a hydrogen economy for stock growth?
The establishment of a hydrogen economy is vital for sustained stock growth. It encompasses not just technology and production but also creating a market demand across industries such as transportation, manufacturing, and utilities. A robust hydrogen economy could open vast new markets, driving growth for companies involved in the hydrogen sector.

What should investors watch for in hydrogen stocks in the upcoming years?
Investors should monitor technological advancements, particularly in green hydrogen production and fuel cell efficiency, regulatory landscapes, and the execution of infrastructure projects. Market entry of new players and strategic alliances will also shape the sector’s dynamics. Keeping an eye on these aspects will be crucial for informed investment decisions in the hydrogen market as it progresses towards 2025.

Conclusions

Looking toward 2025, hydrogen stocks present a mixed bag of challenges and opportunities influenced by technological advancements, policy changes, and global energy demands. Despite current fluctuations, strategic investments backed by informed decisions could see these stocks play a crucial role in the global transition to clean energy.

Ontario’s Startup Ecosystem:

Additional Links

Episode transcript

Read the full transcript

Craig: what's happened in the last little bit is hydrogen stocks have crashed a little bit, as the initial excitement surrounding this low carbon hydrogen has faded mostly due to high project costs, regulatory uncertainty, and weak demand, which is not surprising because there's still a lot of hurdles that need to be overcome in order for hydrogen to become mainstream. it's not mainstream yet. and, there is still of, a lot of work, a lot of new projects that are happening. the thing that i think probably affected this the most is that major energy companies like shell and equinor have paused their green hydrogen plant in europe. but, and and the other part too is that, only a small percentage of hydrogen projects in north america and europe have reached final investment decisions, but there's still a lot of potential out there. there's still, there's a lot of growth happening, but there are challenges. right? so what are your thoughts?

Jon: well, i you know, it's like i haven't been following, the financial sector of hydrogen, their ups and downs. so it's hard to say specifically, for me at least, what caused this. but, you know, i made some notes. oil, looks like the oil prices are going down, which is interesting. it's probably causing, you know, part of this issue. yeah. hydrogen stocks experienced a significant decline recently. industry analysts had, once hyped hydrogen as the green energy solution. you know, we've got a reality check that has occurred to as techno technological and economic challenges have surfaced. investors have reevaluated the viability of hydrogen fuel in the current market. and i think, you know, some of the stuff is we thought we'd be much farther along than we are right now. like, we're just talking about orders for hydrogen trucks with and stuff where they need to start building up the hydrogen infrastructure because it just doesn't really exist. right? yeah. so hydrogen fuel faces tough competition from other renewable energy sources. government policies and subsidies play a critical role in sector sustainability, and they're all jumping in on evs rather than hydrogen. yeah. future prospect for igen depend on overcoming current technology technological limitations. so yeah. i mean

Craig: yeah. so, there was, a mckinsey, global energy perspective where they said that the hydrogen industry is projected to see significant growth. so, i think what we're seeing now is that there's a shift from project planning to potentially implementation, which could indicate more mature and realistic approach to hydrogen technology development. i don't know. but, i think one of the biggest parts that the biggest hurdles that's holding all of this back is regulatory support, and addressing the cost challenges. i think those are the two main big issues that still need to be addressed. so we've covered some things. we've covered, cheaper cost of storage. we've covered cheaper production. but when we covered those, they were still in the, like, not even prototype phase for some. right? so i think once those technologies or any similar technologies come to light and get to commercialization stages, then we're gonna see a big boost in, hydrogen stocks and hydrogen, investment and things like that.

Jon: yeah. again, you know, we expected i think people expected that we'd be further along when you come to investors. like, how many hydrogen cars do we see on the market? and, like, we've got in our area one or two pumps so the question is, you know, who do you listen to, and how long does it take to come around? or will something else take its place before?

Craig: yeah. and, honestly, i think that, because the auto industry released hydrogen cars, i think people had an assumption or had expectations that things would move along much quicker.

Jon: yeah. you know? agreed. and these things have dropped, like you were saying, fifty percent plus, fifty three percent, fifty eight percent, sixty five percent this year. so i think that it's also part of, the new world where reality is starting to sink in that, along with every other start up. right? we're seeing, okay. wait a minute. we have overvalued what you are for too long, and now it's time to come back to reality from evaluation when it comes to funding. and are we gonna continue to throw billions and billions at this right now? because are we still ten or twenty years out before we see return on investments? and if so, we're gonna get a lot of investors, not you know, a lot more cold feet.

Craig: yeah. yeah.

Jon: because these companies aren't profitable yet. right?

Craig: no. they're not. they're not gonna be until, there's the infrastructure, until there's more adoption, until there's regulatory support, until costs come down. but that's just like any new industry that's coming up. like, there's these challenges. the difference now with hydrogen as opposed to the gas industry was that there was no internet back then. so there was no talk about it. but i'm guessing they had the somewhat similar challenges back then, or maybe not because there was less red tape back then.

Jon: yeah. i think more realistic market valuations are necessary, for sustainable investment decisions. like, we've seen there's reasons why this hasn't happened. you know, we've seen the california laws that the ev mandate. you know, everyone will be by twenty thirty, every car sold will be an ev in california. now, you know, the supreme court has said that's kind of you can't do that. but, someone has hasn't challenged that yet. when i say they can't do it, it's they made this law. they're not allowed to make the law. so somebody's gonna challenge it. it'll go congress at some point, and and we'll see what happens. but we think i think it was shortsighted. right? when you talk about, okay. we got evs, but what's powering the evs? or, you know, you know, is hydrogen more likely as we start to see that the shine is starting to come off the rose from, people aren't buying them. the park lots are full, the resale value, all the things we talked about. and people start to see the fires. and, you know, the white knuckle syndrome up front and out is still, a big thing, space especially here in canada where we have winners and whatnot. you're you know, you run too low. there's a big fear. and now, you know, you can get over it just by managing you know, you're, charging at the right times and stuff, but still, it's all perception.

Craig: and they're not even that green, though.

Jon: yeah. that's the problem.

Craig: like, they're not green. like, i'm sorry, guys, but, like, the cost to produce the minerals, the rare earth minerals for those batteries far exceeds, the carbon output to do that, far exceeds the carbon output of a car of an internal combustion engine car over its lifetime. what has happened is the ev industry has just got just like the diamonds, de beers. like, they've got, good marketing. they've got good, lobbyists, and that's it.

Jon: yeah. and just eighteen percent of low carbon or renewable hydrogen projects in north america, so low, so just eighteen percent of us low carbon or renewable hydrogen projects in north america, only five percent of such projects in europe, aim to begin operations by twenty thirty. so

Craig: yeah.

Jon: we're still six years out before these things start to make production, and then it'll be a while before they're profitable. so, you know, couple of the cost increase for renewable power and a electrolyzers has led to delays and cancellations projects, in particular with hydrogen projects. remember, we were talking about some of that new technology where chrome and whatnot were making, electrolysis cheaper because of the machines. because those things are expensive. i can't remember. they were millions and millions of dollars on the bigger ones. right?

Craig: yeah.

Jon: and yeah. i'm go ahead. yeah. and so that's part of the problems. right? you these things are so expensive. they take such an initial investment to get the, the electrolysis machines to get the hydrogen out at scale that, you know and they wear down unless they have the titanium quote. they have this and that, and the power to do it is such that yeah. we're just not there yet.

Craig: no. no. no. but we're getting closer. there's gonna be ups and downs. there's ups and downs in every market. but i'm glad we covered this because, it gives us an opportunity to kinda talk about the future and kind of have a realistic conversation about where hydrogen technology currently is and how far it still needs to go. right?

Jon: yes.

Craig: yeah. and i know in this article and by no means are we giving any, stock advice, but they're saying, there's companies like chart industries, plug power, and cummins are positioned for potential growth. so i know, in the article, they're talking about plug power, how it dropped, i think, fifty three percent. but, yeah, do your research if you're investing, and, i'm definitely gonna look into them myself. so

Jon: yeah. and they're anticipating regulatory changes in twenty twenty five both in eu, asian countries, and, north america that will facilitate this. so we'll see.

Craig: yeah.

More from Silicon Scoop

All episodes