Plug Power Stock: Increasing Conviction For Green Hydrogen Leader (NASDAQ:PLUG)

Scharfsinn86/iStock via Getty Images The importance of green hydrogen is becoming increasingly recognized by countries all over the world as a viable and essential clean energy for the future. In early 2019, when attempting to look for countries interested in a national hydrogen strategy, there were only a handful in preliminary stages like China, South Korea and France. However, as of end 2021, there were more than 10 countries including Australia, most major countries in the EU, Chile have come up with elaborate and long term plants for the hydrogen strategies, with 9 more countries likely to announce similar strategies soon. The United States is also increasingly looking to incorporate green hydrogen in its total energy strategy, as the US department of energy having identified hydrogen as one of its key focus. It aims to reduce the cost of clean hydrogen by 80% to $1/kg in the…

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