10 best hydrogen stocks to invest in now to become a millionaire by 2030. The global green hydrogen market is estimated to be worth $223 million this year and is projected to grow at a CAGR of 11.1% to $419.3 million by 2028, making this a great time to consider investing in hydrogen stocks or a hydrogen ETF. In 2022, 680 large-scale projects were announced, reflecting $240 billion worth of investment, a jump of 50% since November 2021, and 10% of those have reached final investment decision, and are under construction, or already operational. Stationery fuel cell capacity is estimated to have increased from under 200 Mega Watts in 2015 to over 500 MW in 2022. The global number of hydrogen refueling stations rose from 700 at the end of 2021 to 975 by June 2022. The EU set a target of 10 million metric tones per year of local renewable hydrogen production, and the equivalent again in imports, by 2030, which requires more investment. The International Energy Agency predicts that costs for electrolyzers could drop by 70% by 2030, if manufacturing capacities scale successfully. With falling costs for green hydrogen, the invasion of Ukraine and global policy-making are key drivers for the growth in hydrogen stocks. The US adopted the Inflation Reduction Act, which makes green hydrogen eligible for up to $3 per kg of tax credits, with some experts predicting that this alone will halve the cost of green hydrogen and make it a competitive energy source. Other countries are also introducing hydrogen-friendly policies, with the UK aiming to double its hydrogen production from 5GW to 10GW by 2030, with at least half to be achieved through green hydrogen, and China revealing a five-year plan to make hydrogen one of the country’s six industries of the future. The global energy crisis sparked by the Russian invasion of Ukraine is also driving the growth in renewable energy, with governments looking at low-emission hydrogen as a way to reduce dependency on fossil fuels.

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