H2 will not be defeated
May 30, 2021 (Sun) Sunny
・H2 won't lose. The treasure-trove company of Nippon’s leadership
Hydrogen burns but only emits water, so it does not release carbon dioxide (CO2) during operation.
Hydrogen, called the "ultimate clean energy."
In resource-poor Japan, research progressed early, and in hydrogen-related technologies, it has led the world.
On the other hand, high hydrogen production costs and lagging infrastructure such as hydrogen stations have hindered widespread adoption.
・H2 won't lose. The treasure-trove company of Nippon’s leadership
It points out that Japanese companies’ stance toward the hydrogen business has markedly changed recently.
Behind this is ESG (environment, social, governance) money estimated to exceed $30 trillion worldwide (about 3300 trillion yen).
Semiconductors, mobile phones, consumer electronics—Japan led the world at first, but was overtaken in numerous cases, losing by a wide margin.
This time, can Japan regain the lead and clinch a "Port to Win"?
(Port to Win = start from pole position and win the race)
・H2 won't lose. The dream fuel, can the lead be maintained
The competition over hydrogen, referred to as the "dream fuel" and the "ultimate clean energy," is intensifying.
Japan, a resource-poor nation, has led in technology development, but Europe is investing huge budgets to foster hydrogen-related industries.
Riding the decarbonization wave, can the Japanese lead in the "pole position" be maintained?
・H2 won't lose. The dream fuel, can the lead be maintained
Toyota, accelerating adoption, circles of finance; future parts of Nagoya, applicable to trucks, rail, ships
Toyota <7203> [Closing price 9,135 yen] Accelerating "friend-making" toward hydrogen energy adoption.
At the end of 2020, the new FCV "MIRAI" was released, and
foreseeing the application of fuel cell (FC) technology to a wide range of fields such as commercial vehicles and ships.
Even in China, the world’s largest EV market, local companies are collaborating in FCV development.
For rail rolling stock, JR East <9020> [Closing price 7,785 yen] and Hitachi <6501> [Closing price 5,816 yen] collaborated
to develop hybrid vehicles that combine FC and batteries, which was made clear in 20-year plans.
・H2 won't lose. The dream fuel, can the lead be maintained
Pioneer Iwatani Corporation, steady preparations; in the US and Japan, experiments toward FCV stations and mass production in Australia
Iwatani Corporation <8088> [Closing price 6,430 yen] manufactures hydrogen from production to transportation, storage, and supply, accounting for about 70% of domestic hydrogen sales
A pioneering presence dating back to prewar days in hydrogen businesses. Establishing a framework for large-scale future hydrogen production and consumption is essential.
There seems to be a need to show a path to become a global hydrogen player alongside overseas giants.
・H2 won’t lose. The dream fuel, can the lead be maintained
Heavy industry giants lock onto the supply network
Kawasaki Heavy Industries, world's first carrier; Mitsubishi Heavy Industries actively invests in Europe and the US
Kawasaki Heavy Industries <7013> [Closing price 2,724 yen] Iwatani Industries <8088> [Closing price 6,430 yen], plus demonstration of sea transport of hydrogen produced from Australian lignite
Mitsubishi Heavy Industries <7011> [Closing price 3,393.0 yen] Develops gas turbines powered by hydrogen. Participates in Germany’s hydrogen projects
IHI <7013> [Closing price 2,724 yen] Develops gas turbines for power generation powered by ammonia
・Hydrogen is categorized by raw materials and production methods by “color”
Green hydrogen: produced using renewable energy (wind, solar, etc.)
Blue hydrogen: produced using fossil fuels with carbon dioxide (CO2) capture and storage
Gray hydrogen: produced using fossil fuels without CO2 capture and storage
・H2 won't lose. Domestic hydrogen-related stocks
Toyota <7203> [Closing price 9,135 yen] Estimated PER (price-earnings ratio) 10.9x; as of 27th, 1-year stock price rise 33%; FCV, hydrogen engines
ENEOSHD <5020> [Closing price 455.0 yen] 25.2x; 5%; Hydrogen stations
Kawasaki Heavy Industries <7012> [Closing price 2,682 yen] 25.2x; 47%; Development of liquefied hydrogen carriers
Iwatani Corporation <8088> [Closing price 6,430 yen] 14.8x; 65%; Leading industrial gas company; 70% domestic hydrogen share
Toda Corporation <1890> [Closing price 804 yen] 14.4x; 19%; Demonstration of hydrogen production from sewage sludge
Chiyoda Corporation <6366> [Closing price 394 yen] 25.5x; 46%; Development of technology to carry hydrogen and to convert it with toluene
Toho Kanketsu <6369> [Closing price 2,363 yen] 10.8x; 49%; Hydrogen tanks
Mitsubishi Chemical Engineering Corp. <6331> [Closing price 2,691 yen] 13.1x; 51%; Hydrogen production equipment
× ![]()
