The world of electrical vehicles (EV) has come a good distance and it is now quite a saturated industry. You have your Toyota Prius and Tesla and they are undoubtedly good electric vehicles. You also see other automotive brands chiming in from time to time, often just to stay current.
That being said, electric vehicles are not the talk of the automotive industry. Currently, all the rumors and whispers circulating in the industry concern FCEVs – fuel cell electric vehicles. So investing in FCEV startups might be a good start.
What is FCEV and what is the hype around it?
Some FCEV, as the second half of its name suggests, is an electric vehicle. However, as a substitute of conventional batteries, these cars and trucks use fuel cells to power themselves. Fuel cells produce electricity using oxygen from the air and compressed hydrogen.
Why the hype around FCEV, you ask? Well, simply put, FCEVs are the way forward for motoring. This is why.
Environmental advantages
FCEVs represent a significant step forward in reducing the automotive industry’s carbon footprint. Unlike traditional combustion engine vehicles, FCEVs produce no emissions, emitting only water vapor and warm air.
Efficiency and efficiency
FCEVs offer higher efficiency and performance compared to their gasoline-powered counterparts.
Fuel cells convert hydrogen into electricity with higher efficiency, resulting in longer ranges and shorter refueling times. Additionally, FCEVs might be refueled quickly and offer a range comparable to conventional cars.
Industry and economic growth
The transition to FCEVs creates significant economic opportunities. Investments in hydrogen production, distribution infrastructure and fuel cell production can create latest jobs and stimulate economic growth. Countries leading in hydrogen technology can turn out to be world leaders in this field emerging green economy.
Why is it value investing in FCEV vehicles now?
The point is that hydrogen, the essential fuel for FCEVs, might be easily produced by various methods, including electrolysis powered by renewable energy sources. But when it comes to storing hydrogen, especially solid hydrogen, things get tricky, often uncontrolled.
Such difficulties in storing hydrogen have made experts query the concept of hydrogen-powered FCEVs for a long time.
Why is hydrogen difficult to store?
Storing hydrogen is difficult mainly due to its low density and small particle size. These chemical properties make hydrogen difficult to retain.
Traditional hydrogen storage solutions require high pressures or cryogenic temperatures to store hydrogen as liquid hydrogen. Unfortunately, this only increases the complexity and costs associated with the process.
Solid-state hydrogen storage is an alternative, but often involves complex materials and processes. These methods require advanced technologies to effectively absorb and release hydrogen. Taking all this into account, storing hydrogen is now becoming much easier. Therefore, the way forward for FCEVs is not in query.
No more problems with hydrogen storage
According to H2MOF, nanotechnology is currently getting used to store solid-state hydrogen for FCEVs. Experts in the field are now turning to artificial molecular machines and lattice chemistry to design latest solid-state nanomaterials. These nanomaterials are characterised by unique hydrogen adsorption properties, which greatly facilitates storage.
Besides, these nanomaterials from top hydrogen storage solution providers offer much higher release efficiency. This implies that the stored hydrogen is hardly wasted when it is extracted from the tanks. There are many other technical wonders happening in the background when it comes to hydrogen storage. You can click here to understand all of it higher.
How all of it comes together
Hydrogen storage has turn out to be much easier, but what does this have to do with favorable investment opportunities in this sector?
Improved hydrogen storage solutions reduce costs associated with hydrogen production, transportation and refueling infrastructure, making FCEVs less expensive.
Advanced solid-state hydrogen storage systems offer higher energy density and safer operation, addressing key concerns of potential investors. These technologies reduce overall operating costs and improve the efficiency and range of FCEVs, making them competitive with traditional and electric vehicles.
As hydrogen storage technology advances, the total cost of ownership for FCEVs decreases. This economic advantage, combined with environmental advantages, provides investors with a compelling argument to support FCEV start-ups. This in turn fosters innovation and growth in the sustainable transport sector.
To sum up, we are entering a latest technological revolution in the automotive industry. With FCEV firms poised to take center stage in this industry soon, investing in FCEV startups is a lucrative opportunity. Needless to say, those that dare to take risks and invest fastidiously in such startups will certainly make money in the coming decade.