The United States today produces four times as much renewable electricity from the sun and wind as it did 10 years ago, while the European Union, China, Japan and South Korea are collectively spending hundreds of billions of dollars in hydrogen infrastructure. Hyundai for example, is expected to export 64,000 hydrogen-powered trucks by 2030. There are many areas for businesses to leverage clean energy. While electrifying vehicle fleets around the world sounds the most obvious with Tesla leading the way, there are many other applications.
The multi-billion dollar data centre market is one. Microsoft, for example, is already using fuel cells to generate power efficiently at its data centres to reduce costs and emissions, and may switch to hydrogen in the near future. Agriculture is another. Research has shown that farming crops under solar panels can boost food production and save water.
Mario Singh
Chief Executive Officer
Fullerton Markets
