Stock picks Goldman named the following buy-rated stocks as ways to play the theme: Ceres Power The bank gives this stock a price target of £6.70 (£8.03) - or 50% potential upside, saying it has adopted a "differentiated, high margin" model. The cleanest type - green hydrogen - uses energy from renewable sources, while so-called blue hydrogen is produced from natural gas. That means energy created from hydrogen generates no atmosphere-warming carbon dioxide, although transforming hydrogen into a useful format requires energy - and that energy is not necessarily renewable. When hydrogen burns, it generates energy in the form of heat, with water as a by-product. and Canada as the IRA incentives will drive large-scale projects in those regions, said Goldman. However, there is also "strong upside" from the U.S. The capacity of the fuel - one alternative as much of the world looks to shift away from fossil fuels - is set to increase, with the majority of these additions set to come from Europe, Asia and Australia in the near term, according to the bank. Inflation Reduction Act (IRA) at the forefront, and new initiatives to create a global seaborne market (hydrogen can be transported in liquid form by ships). our initial estimates from last year (Feb 4, 2022)." The bank pointed to a few factors driving clean hydrogen, including positive regulation gaining pace with the U.S. "We have reflected this in our hydrogen forecasts, almost tripling our base case scenario to 2030, vs. "The clean hydrogen revolution continues to accelerate," analysts at the bank said in a Feb. The boom in clean hydrogen is picking up pace, according to investment bank Goldman Sachs.
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