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Energy Transition Today - Pink Hydrogen Surge with Nuclear Energy Boost
Reviewed by Simply Wall St
As the world intensifies efforts to reduce carbon emissions, pink hydrogen, produced through the electrolysis of water using nuclear energy, is becoming a crucial player in the energy transition. This method presents a carbon-free alternative to traditional hydrogen production that relies on fossil fuels, aligning with global decarbonization goals, particularly in energy-intensive sectors such as steel, cement, and transportation. Significant investments and advancements in nuclear technologies, such as small modular reactors, are facilitating the growth of pink hydrogen, especially in regions with robust nuclear infrastructure like Europe. With supportive government policies, the global pink hydrogen market is expected to expand substantially, as demonstrated by recent projects and commitments in countries like France and the UK.
In other trading, Dian Swastatika Sentosa (IDX:DSSA) was trading firmly up 10.6% and ending the day at IDR49,725.00, near its 52-week high. In the meantime, Barito Renewables Energy (IDX:BREN) softened, down 6.9% to end the day at IDR8,400.00.
Best Energy Transition Stocks
- Vistra (NYSE:VST) settled at $168.53 up 0.3%.
- Applied Materials (NasdaqGS:AMAT) closed at $178.80 down 0.9%.
- Tesla (NasdaqGS:TSLA) closed at $383.68 down 5.2%.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:TSLA
Tesla
Designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.