A move towards green energy is being made by world economies as a result of growing concerns about greenhouse gas emissions.
Canada will meet its most recent climate objective, according to Prime Minister Justin Trudeau. Canada must reduce emissions by 55 to 60% by 2030 in order to meet the next reduction target.
For the dehydration, purification, and separation of gases and compressed air, Xebec Adsorption manufactures and designs products. Revenue for Xebec Adsorption increased from C$ 32.7 million in Q2 2021 to C$ 44.5 million in Q2 2022. The company’s adjusted EBITDA increased from C$5.2 million in the same period in 2021 to C$12 million in 2022.
Xebec established a PSA supply deal with Haffner Energy for the June 2022 quarter in order to produce green hydrogen economically.
Ballard Power Systems develops power systems and works with proton exchange membrane fuel cells. The company’s main activities include PEM fuel cell product development, sales, and services.
In Q2 2022, Ballard Power Systems’ overall operating costs increased by 58% and were reported at US$38.5 million compared to Q2 2021. The cash operating costs likewise climbed by 59% during the same comparison period, reaching US$ 32.1 million.
Distribution utility Algonquin Power & Utilities offers a variety of services. The corporation is divided into the Regulated Services Group and the Renewable Energy Group. The business also provides affordable, reliable, and safe water and energy solutions.
Algonquin Power’s total revenue for the second quarter of 2022 increased by 18% to US$624.3 million from US$527.5 million in the second quarter of 2021. In addition, the adjusted EBITDA improved by 18% to US$ 289.3 million from US$ 244.9 million in the same period in 2021.
Owner and operator of clean energy assets across multiple technologies, Brookfield Renewable Partners. The company’s portfolio includes solar, wind, and hydroelectric power as well as storage facilities.
Cash and cash equivalents increased from US$ 764 million on December 31, 2021 to US$ 823 million as of June 30, 2022. The assets for the same time period increased as well, going from US$ 55,867 million to US$ 57,030 million.
For Brookfield Renewable Partners L.P., revenue increased and was reported at US$ 1,274 million in Q2 2022 compared to US$ 1,019 million in Q2 2021.
Products for geothermal and hydroelectric energy are sold by Polaris Renewable Energy. Also included are the projects’ acquisition, exploration, development, and operation.
Polaris Renewable Energy achieved US$ 15.2 million in revenue for the three months ending June 30, 2022. The adjusted EBITDA increased for the same comparison period from US$ 10 million to US$ 11.2 million.
Consider factors other than solvency and other financial measures when evaluating your clean energy and hydrogen holdings. Pay attention to the perspective point and comprehend the underlying principle. Additionally, diversification shouldn’t be absent from your portfolio because it is essential.
Investors have been more vigilant as worries about greenhouse gas emissions have grown. It has also served as a reminder of the necessity of switching to clean sources. It may be important to keep an eye out for this growing reliance on clean energy sources in the long run.
Source: Kalkine Media