Large-scale investment by companies, active government support
“The mandatory topic of hydrogen power generation is also’attention’
The era of green hydrogen will advance”
Stocks related to the hydrogen economy are rallying. The formation of the Korean version of the Hydrogen Committee, companies’ investment in the hydrogen economy, and the growing expectations for the hydrogen era. Experts predicted that the era of hydrogen green could come sooner than expected due to the legislation of the mandatory hydrogen power generation system (HPS).
Stocks related to the soaring hydrogen economy
As of 10:22 a.m. on the 3rd, S Fuel Cell(37,200 +12.90%)Silver is trading at 37,400 won, up 4450 won (13.51%) from the previous day. DK Rock(12,750 +5.81%) Poongguk alcohol(20,150 +2.03%) Doosan Fuel Cell(54,300 +6.89%) Dong-A Hwaseong Fortress(14,300 +4.38%) Sambo Motors(7,720 +4.75%) EM Korea(5,530 +4.14%) The light is also rising to the 3-6% range.
It is interpreted that the government’s opening of the third hydrogen economy committee the day before and announcing plans related to the hydrogen economy has a positive effect on the stock price.
Companies have announced that they will focus on investing in the clean hydrogen field to develop large-scale green hydrogen production technology and build domestic and overseas mass production bases.
SK is investing 1.8 trillion won in building fuel cell power plants, and Hyundai Motors investing 11 trillion won in production and distribution of hydrogen vehicles. POSCO will spend 10 trillion won to develop hydrogen reduction steel technology. Hanwha and Hyosung plan to spend 1.3 trillion won and 1.2 trillion won respectively on green hydrogen production and liquefied hydrogen plan. Their investments amount to 43.4 trillion won.
The government supports the introduction of a clean hydrogen certification system and demonstration of green hydrogen research and development (R&D) of various sizes and methods. Safety regulations related to liquefied hydrogen will be established within this year, and the system will be reorganized, such as enacting a mandatory system for hydrogen power generation. In addition, it supports the formation of the’Korean version of the Hydrogen Committee’ that benchmarks the’Hydrogen Committee’, a global corporate group that leads the hydrogen economy.
Pay attention to the concreteness of the HPS system… “The era of green hydrogen will come soon”
Meritz Securities pointed out that the most important part of the Hydrogen Economic Committee is the mandatory hydrogen power generation system (HPS).
The bill is expected to be legislated in the first half of this year. It is judged to be a system to support the use of’Green Hydrogen’, which produces hydrogen using water electrolysis technology that decomposes water, and’Blue Hydrogen’, which eliminates carbon dioxide emissions using carbon capture technology in the process of producing extracted hydrogen.
“If the 2nd Hydrogen Economic Committee focused on securing the economic feasibility of extracted hydrogen, the third Hydrogen Economic Commission focused on green hydrogen, blue hydrogen, and by-product hydrogen,” said Moon Kyung-won, a researcher at this securities company.
“Green hydrogen is still inexpensive, but demand is expected to be secured through policies such as HPS and subsidy for hydrogen vehicles,” he said. “Therefore, it is highly probable that the hydroelectric market will bloom faster than expected.” This means that the era of green hydrogen will come sooner than expected.
Song-ryul Lee, reporter of Hankyung.com [email protected]
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