Green Hydrogen Play
There are many options if one wants to play on Green hydrogen Story.
(1) Apart from Reliance , L&T , Adani is another promising option on Green hydrogen play, though Adani group has landed up in controversy and the crash in stock prices, though the valuation still appears to be expensive. However one can accumulate at decline, once the controversy gets cleared.
(2) All OIL & Gas PSU stocks as mentioned in my previous post- are leading from the front with regards to Green Hydrogen projects implementation as per mandate. Fund is not an issue. The companies would make money in hydrogen business in the long run, though change in Govt policy is a risk factor to consider. These companies are with clean balance sheet
(3) If one is adverse to Reliance , L&T , Adani , there are many other EPC players in Green hydrogen in listed space, Jsw energy ,Tata power/ Tata projects, Thermax etc.
(4) Another option is pure renewable play. There is no Green Hydrogen without Solar/wind/ hydro energy. So investing in these stocks , you are investing indirectly in Green hydrogen. Moreover some of these renewable players are going forward integration to take up Green hydrogen EPC. It also makes sense for them- KPI, Inox wind, Suzlon, Borosil renewables, Sterling & Wilson, Waaree renewables in listed space and in ReNew, ACME, Greenko in unlisted space.
(5) There are a lot many thermal power producers who would like to Go Green by adding renewables and/ or Green hydrogen and going forward they will have to phase out thermal power plants… NTPC , NHPC , SjVN , Tata power , Adani , JSW, Torrent , CESC
(6) The other options which many of us are interested is ancillaries- Electrolyser and Fuel cells and related components.
Currently Stand alone Electrolyser and Fuel cell manufactures are mostly MSME’s in unlisted space , funded by PE investors and banks. These are likely to go public when they make a good balance sheet and the PE / banks would like to sell their stake. These can make multibagger opportunities like Drone sector.
Prominent of them are Ohmium for PEM electrolyser, Greenko-John Cockerill for alkaline electrolyser, and H2e for AEM electrolyser … There was an article from a foreign media on Indian electrolyser industry sometime back and it is still valid today - link given below- 1st one .
Very recently another new manufacture Chennai based Hild electric has surfaced when NTPC has placed the largest order of alkaline electrolyser.- please read the link below.
Apart from this there are many companies from different sectors are claiming their earning from Green Energy portfolio- we need to analyse and understand them clearly - to catch them young …
Gujrat fluro on fluoropolymers used in fuel cells…Apar industries for conductors, MTAR etc…
Discl,: This is only for information and education purpose. it is not an investment advice. please do your own assessment before investing.