Report
Xavier Regnard

Cleantech & Energy transition | Welcome to the age of hydrogen !

Cleantech & Energy transition | Welcome to the age of hydrogen !
Given the urgent nature of climate change and in view of the various objectives of the energy transition, hydrogen is experiencing a new wave of strong interest. Awareness is growing over the fact that hydrogen can complement and decarbonise the energy mix, as well as improve its resilience.


• We are initiating coverage of: i/ Nel (Buy | TP NOK 28), ii/ ITM Power (Buy | TP 450p), and iii/ Ceres Power (Conviction Buy | TP 1250p).
Underlyings
Ceres Power Holdings PLC

Ceres Power Holdings is a fuel cell technology and engineering company. Co. is working with partners to embed its SteelCell™ technology in mass-market energy products for the commercial, residential and transportation markets. SteelCell™ is Co.'s Solid Oxide Fuel Cell. SteelCell™ is a perforated sheet of steel with special screen-printed ceramic layers that electrochemically convert a variety of fuels directly into power. The principal activity of Co.'s subsidiary, Ceres Power Ltd is the commercialisation and continued development of Co.'s fuel cell technology.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Xavier Regnard

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