Understandably, with the effects of climate change being more severe than ever, the green energy industry would be increasingly crucial.
Not only that but, the analyst also believes that the green energy trend “is likely to be with us for a good part of the next decade”.
With no shortage of exciting developments in the industry today, you might be keen on green energy stocks yourself.
To date, GE Renewable Energy has installed over 400 gigawatts of clean renewable energy, equipping over 90% of utilities globally with its grid solutions.
As of yesterday, the company is currently working with LafargeHolcim, a global leader in building solutions, on its latest wind energy project.
With the company’s green energy division kicking into high gear now, GE stock could be a viable green energy play.
Diving in, the company says it expects 40% of Ford vehicle sales to be all-electric by 2030 and raised its planned electrification spending to over $30 billion by 2025.
Earlier this week, the company announced a new type of pickup that is stunningly fuel-efficient and packed with clever technology and features.
“The Maverick product proposition is like nothing else out there.
In essence, it operates one of the world’s largest publicly traded renewable power platforms. Its portfolio consists of approximately 21,000 MW of capacity and nearly 6,000 generating facilities in North America.
Diving in, it generated funds from operations of $242 million, or $0.38 per unit, a 21% increase on a normalized per unit basis over the same period in the prior year.
During the quarter, it also signed 29 agreements for approximately 2,300 GWh of renewable generation with corporate off-takers across all major industries.
Plug Power is a company that engages in the development of hydrogen fuel cell systems. Its systems are used to replace conventional batteries in equipment and vehicles powered by electricity.
On Thursday, the company announced plans to build a green hydrogen production plant in Camden County, Georgia to serve customers across the southeastern U.S.