Leaders of the world’s largest economies will be gathering in New Delhi, this week for the G20 Summit. Global investors are recognizing the potential of India’s economic and industrial prowess, making several sectors attractive to them.
Green hydrogen is produced by separating the hydrogen element from other molecules where hydrogen occurs. For example, water has two hydrogen atoms and one oxygen atom. It can be split into those component atoms through electrolysis. When the hydrogen is separated by using renewable energy, the resulting hydrogen is green hydrogen.
Analysts expect the global market for green hydrogen to reach $ 410 billion by 2030, which is more than double its market size. It is being touted as a clean energy solution to take the carbon out of high-emitting sectors like transport and industrial manufacturing.
Experts expect that global cooperation on green hydrogen manufacturing and supply is expected to be discussed by G-20 leaders at this week’s summit in New Delhi.
Some of the top green energy stocks that one can add to their watchlist include Reliance Industries, GAIL (India), NTPC, Larsen & Toubro, and Indian Oil Corporation among others.
Green Hydrogen can be used in a spectrum of industries including steelmaking, concrete production and manufacturing chemicals and fertilisers. Moreover, it can be used to generate electricity, as a fuel for transport and to heat homes and offices.
Written by Simran Bafna
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
