1 Energy Company to Watch in Hydrogen Fuel
When Bloom Energy (NYSE: BE) announced earlier this month that it is entering the commercial hydrogen market with new electrolyzers and fuel cells, it was a big moment in energy. The company announced that it expects products to be at cost parity with gasoline in 2021, a potential paradigm change for how we consume energy and a boon for renewable energy stocks that can take advantage.
Hydrogen has long been a dream fuel for energy wonks and environmentalists because it's 100% clean as an energy source, but there have been cost and technical hurdles that companies haven't been able to overcome to make that dream a reality. However, those barriers are coming down, and it may soon be the case that fuel cells are commonplace in U.S. cities and hydrogen storage could be on every corner.
Image source: Getty Images.
Source Fool.com
