We simply cannot produce enough to meet demand. But there’s a supply chain bottleneck coming in the next 5-10 years.Įxclusive Roth IRA Conversion Calculator for Investors Highlighted We simply aren’t technologically at a place to make this leap.īut… there might be a substance that holds the key to getting us there.Ĭompanies have spent billions on different materials and are trying to achieve a low-cost battery with high energy density that won’t degrade over time. Hydrogen doesn’t come anywhere close to handling this kind of workload. However, as places like Texas have shown, these plants can only do so much. Right now, we are scaling fossil fuel plants up and down. We need batteries to bridge the gap between generation and consumption. But that doesn’t necessarily align with our usage. Nuclear plants produce consistent energy. Now you may be asking, why do we need batteries?Įnergy produced from wind and solar is intermittent. But do yourself a favor and consider purging these from your portfolio. We wouldn’t short these names since they’re prone to face-melting short squeezes. These post-COVID-19 wonders are dead money that are headed for the stock graveyard. Why would anyone be willing to lose 40% of the energy generated as pure waste?Ĭompanies like Plug Power (PLUG) and Bloom Energy (BLOOM) are more than happy to take these handouts.īoth are terrible investments, each burning through cash every quarter, and in Plug Power’s case, as much as $350 million.ĭon’t kid yourself.
Lithium-ion batteries, the current standard used in electric cars, have a potential energy close to 100%. This conversion process is extraordinarily inefficient.Īccording to the Department of Energy, only about 60% of the electricity used to create hydrogen becomes potential energy.Įxclusive Stocks are Set Up for a Quarter's End Window-Dressing Rally We create it through electrolysis: pumping electricity into water to split hydrogen and oxygen. It’s as worthless as Diane Feinstein’s treadmill. Projects can also elect to claim up to a 30% investment tax credit under Section 48.” - Energy.GovĬompanies like Nikola Motors are trying to dress up hydrogen like some new innovation.įolks, this technology hasn’t changed since the 1970s. “The Clean Hydrogen Production Tax Credit creates a new 10-year incentive for clean hydrogen production tax credit with up to $3.00/kilogram. The IRA is the biggest boondoggle since Troubled Asset Relief Program (TARP) bailed out Wall Street banks.īut there’s one provision in the IRA that’s particularly galling. That worked so well for Obama and Solyndra, why not rinse and repeat the same terrible ideas?įrankly, we’d save money and do more for the environment by setting that cash on fire.
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