They are electrochemical devices that transform the chemical energy of hydrogen fuel into electricity.
Unlike batteries, they don’t run down and need recharging, instead, they produce electricity for as long as there is a supply of hydrogen and oxygen.
The only byproducts of the process are water and heat, making hydrogen fuel cells a clean energy source.
Unfortunately, there aren’t many pure-play hydrogen fuel cell companies listed directly on the National Stock Exchange of India (NSE). But, there is a good news.
The hydrogen sector is still developing in India, but several large companies are investing:
1) NTPC Limited
2) Reliance Industries Limited
3) Indian Oil Corporation Limited
4) Larsen & Toubro
5) Reliance Industries Limited
These companies may not have dedicated hydrogen fuel cell divisions, but their investments in green hydrogen are likely to drive developments in that area.
The Indian hydrogen market is in its early stages, so keep an eye out for smaller, more specialized companies that may emerge in the future.
Always research thoroughly and consult a financial advisor before investing.