The green energy boom is thriving.
We already know the green hydrogen boom could be worth more than $1 trillion.
Goldman Sachs called hydrogen a “once in a lifetime opportunity,” adding, the addressable market could be worth up to $11.7 trillion in the next 30 years.
Analysts at Bank of America says green hydrogen could be worth more than $11 trillion by 2050. The firm compared green hydrogen to smartphones pre-2007 and the Internet prior to the dot-com boom, as also highlighted by CNBC.
Raymond James’ analyst Michael Glen said 2021 could be a “watershed moment” for hydrogen. In fact, he expects to see far more hydrogen-related announcements going forward from companies and countries all around the world.
Now, we’re finding opportunity in “green ammonia.”
At the moment, ammonia production is responsible for about 1.8% of the world’s carbon dioxide emissions, as reported by CNBC.
In an effort to reduce that, three Norwegian companies including Statkraft, Aker Clean Energy, and Yara launched HEGRA, which will focus on decarbonizing an ammonia plant.
“The broad idea behind the initiative is that it will use renewable energy to generate ammonia at scale. The ammonia would then be used to produce carbon-free fertilizer. Statkraft also described green ammonia as ‘a promising zero-emission fuel for the maritime sector,’” reported CNBC.
At the moment, we’re hard at work looking for ways to trade the opportunity.
The post Green Ammonia May be the Next Big Investment Opportunity appeared first on Morningology.
