There has been no shortage of the demand for clean and renewable energy – for some, the desire is for America to enjoy “energy independence”, while for others is it strictly about environmentalism.
The current answer appears to be hydrogen – which many think has the potential to revolutionize the way we power every aspect of our lives.
Here are the top companies investing in hydrogen power research and development in the US (along with a document from our RealDealDocs database):
1. General Motors
General Motors has announced plans to invest $27 billion in electric and hydrogen fuel cell vehicles over the next five years. The company aims to have 30 hydrogen fuel cell electric vehicles in its lineup by 2025.
General Motors Co Exh 21 List Of Subsidiaries
2. Toyota
Toyota is one of the most well-known companies investing in hydrogen power. The company has developed the Mirai, a hydrogen fuel cell electric vehicle that has been on the market since 2014. Toyota also plans to invest $7.8 billion in hydrogen fuel cell technology by 2030.
364 Day Credit Agreement (Syndicated Facility Agreement) Dated As Of November 13, 2017 Among
3. Honda
Honda is another major player in the hydrogen power market. The company has developed the Clarity Fuel Cell, a hydrogen fuel cell electric vehicle, and plans to invest $85 million in a new hydrogen fuel cell system production facility in Ohio.
Amendment No. 1 To Sale And Servicing Agreement for AMERICAN HONDA RECEIVABLES LLC, AMERICAN HONDA FINANCE CORPORATION
4. FuelCell Energy
FuelCell Energy is a leading developer of hydrogen fuel cell technology. The company designs, manufactures, and installs fuel cell power plants that convert hydrogen into electricity.
Fuelcell Energy Extends Term Of Agreement With Exxonmobil For Development And Deployment Of Carbon Capture Technology
5. Plug Power
Plug Power is a leading developer of hydrogen fuel cell technology for the material handling and transportation markets. The company designs and manufactures hydrogen fuel cell systems that are used in forklifts and other material handling equipment.
Plug Power Inc 8-K for PLUG POWER INC
Image courtesy of Gerd Altmann