This Monday, January 11th, 2021 Plug Power(PLUG) closed at $53.97 in the latest share trading session, it has gained 98% over the past month. Today with a fresh expansion announcement it is standing at $64.02 at this moment of time. Clearly, Plug Power is outpacing the Industrial Sector. It belongs as one of the alternative energy company stocks that focuses on green hydrogen, the present ultimate answer to as close as you can get to a zero-carbon fuel.
So what is going on? What is causing this incredible jump and market sentiment?
To add a little more to this “what is going on” let me do something else.
Why do I compare Plug Power to Apple in past years? It is simply how its stock has rapidly accelerated away in the past year or perhaps the growing expectation of sizable growth to come, on new products and market penetration.
Why did I choose to give a specific focus on different aspects of innovation within the energy transition? Well, it is simple for me. I have focused on building capabilities, competencies and capacity to innovate for 20 plus years. Innovation has been my core area of focus. Today, I am channelling that specifically towards the building of innovationwithin our Energy Transition
The real imperative for finding new innovative technology is critical. We have such a real threat of climate change and any pathway to meet the Paris Agreements, where all countries pledged to keep the rise of the global temperature below 2 degrees C by 2050 and ideally try to work towards the position of 1.5-degree C above pre-industrial levels. These target goals mean bringing our temperatures down dramatically.
In recent weeks I have been thinking about our business environment differently. The past few months have forced the majority of us to work in different ways. We have become in a very short time “remote workers.” in necessity and need.
Yet for many “newbies” in remote working, who have been working from home in these last few months, are now facing the decision of when and if they can return to their old normal of their office. It is a difficult decision and one that needs careful consideration and clarification of “how safe is this and what will have changed in my old working environment?”
Going back to the business office is undergoing such a radical shift due to the pandemic and all of what it has forced us to do; social distancing, being in lockdown, minimizing physical contact. The environment we work in is not simply a physical one, it has become a psychological one to manage as well.
Something that will take thirty to forty years to turn from being ambitious and full of intent into realization is hard to relate too. Hydrogen is one of those promised solutions that can potentially allow us to achieve our “net-zero” carbon ambitions that have been “set in stone” (The Paris Agreement) dealing with greenhouse-gas-emissions mitigation, signed in 2016 that we need to achieve by 2050.
Hydrogen is becoming a central pillar for many countries across the world to help achieve their targets to this net-zero by mid-century. Hydrogen holds, it seems, such a promise, but it is nearly all to do. There is so much to validate, prove, and certainly scale to make a real impact on changing the sources of our energy.
The more you investigate Hydrogen, the more you realize the complexity of making it a viable energy source of sufficient scale. One that will really deliver the suggested results that Hydrogen could meet 24% of the worlds final energy demands by 2050. Today it provides around 1%. To change our energy systems reliant on Oil, Gas, Coal, and make these renewables based on Solar, Wind, and Water separation is at a level of magnitude is hard to imagine.
I strongly relate to Smart Cities or Smart Infrastructure as the grouping area dealing with the business dealing with the Edge for final energy transmission or the final beneficiary, the Consumer but I do relate to Urban Development as a “greater” catch-all for thinking a little wider on the potential to engage far more.
There is so much potential in technology currently being invested in our cities and their infrastructures. There are many estimates of this investment, according to the McKinsey Global Institute, they estimated that cities around the world would need to double current infrastructure investments from $10 to $20 trillion annually, to build the necessary physical infrastructure to support growing populations and needs.
The Smart Grid is evolving and will be essential in the next decade to bring the kind of transformation our existing energy grids require. Infrastructures to be fit for purpose must be fully integrated and smart to manage the increasing complexity and needs of electricity in the 21st century.
Smart Grids are part of the Smart Infrastructure approach in our need for complete Urban Transitions currently being undertaken. Let me try to step back here and give some broader understanding of “smart grids”
Smart infrastructure connects many parts of the city both physically and digitally. Services that capture the relevant information enable the deployment and introduction of the appropriate assets as the solutions.
Smart solutions for resolving the demands placed in everyday events like traffic flows, energy, and water requirements, transportation utilization, or in managing energy peak demands or optimizing buildings.
Through digital understanding, you learn from what is in place to improve the future in designs, capability, and asset utilization through the use of intelligent data providing relevant insights.
A digital understanding can help predict many variances and assumptions, for example on load demands, on traffic flow, on shifting resources to balance the “system” for the immediate and future; all of these are based on the data collected and can be compared on the forecasts made.
To achieve this, you need a constant flow of ‘real-time’ data, not historical ‘lagging’ information, that is often out of date before you can evaluate it.
Energy is essential to the modern economy. It provides the vital power source of electricity for industry, for public services and powering infrastructure, as well as resolving domestic activities where heating, lighting, cooking can take place in different ways from traditional wood fires. Our growing reliance on communications, technology, and mobility all are reliant on having this constant source of energy.
As we grapple with the impact and effects of the CORVIt- 19 virus, we are rightly ‘transfixed’ on saving lives, keeping people healthy, but underpinning this is maintaining essential services. A reliable, constant power source is critical for hospitals, for our homes and work environments to support and sustain us.