Global Energy Ventures Shares Up 13% as It Unveils New Hydrogen Ship

When it comes to stocks you can find some really niche companies.

But Global Energy Ventures Ltd [ASX:GEV] may truly take the cake. Operating as a shipbuilder for compressed gas solutions…

Yup – they build, own, and then operate ships that store compressed gas. Gas that is then delivered to markets as required. A business model that has relied heavily on natural gas demand and supply up until recently.

However, as of today, that has now changed.

Thanks to their latest development, GEV is going green. Building the first ship that can now store compressed hydrogen. News that has sent the GEV share price soaring by 12.96%.

Zero carbon revolution

This landmark move is a bold one. As CEO Maurice Brand made clear:

Today we are excited to announce the Company’s hydrogen strategy to develop a new class of ship for the marine transportation of hydrogen. GEV sees Australia as the global leader for establishing a national hydrogen strategy and industry with major funding programs in place.

Our company was established on entrepreneurial principles and to be the leader in new forms of marine transport of energy. To be focussed on a new class of vessel to transport hydrogen is now timely given the global push by governments and major corporates to focus on “net-zero carbon” polices, with hydrogen as a pillar for decarbonising heavy carbon emission industries.

There is no denying that it is a timely move though. Because as Brand points out, the move towards renewable energy sources is looking like an inevitability.

With this new ship though, GEV will now be able to play a key role in this transition. Especially as their build is reportedly the first to offer a compressed solution.

Plus, the ship itself will also run on hydrogen. Making it a ‘zero-carbon’ option, heavily offsetting the typical emissions of modern shipping.

It is no exaggeration to suggest that this could be revolutionary.

However, we still have to see what kind of demand there will be for this ship and hydrogen in general. Both of which are banking on a broader revolution in the energy sector itself.

Fortunately, it is looking likely that it may in fact be happening…

A world without oil

See GEV is just the latest in a long line of companies that can see the green energy future.

After decades of powering the modern world, it seems that the role of oil and other fossil fuels may be coming to an end. Or, at the very least, they will play a far less prominent part in a more renewable energy mix.

In fact, here at Money Morning we’re even inviting readers to our ‘Beyond Oil’ investment conference. A week-long event that will detail one of the biggest social turning points in our lifetime.

It is something that no investor can afford to miss. Which is why we’re opening it up to anyone and everyone. Because this is information that you need to know.

Secure your spot for the Beyond Oil summit, right here.

Trust me, it is not going to disappoint. And it just might be the most important investment decision of your life.

After all, as GEV has shown today, the future is going green!

Regards,

Ryan Clarkson-Ledward,
For Money Morning


Ryan Clarkson-Ledward is an Editor at Money Morning.

Ryan holds degrees in both communication and international business. He helps bring Money Morning readers the latest market updates, both locally and abroad. Ryan tackles all the issues investors need to know about that the mainstream media neglects.

Ryan is also the Editor of Australian Small-Cap Investigator, a stock tipping newsletter that hunts down promising small-cap stocks by dissecting the latest events affecting the world.

To find out more about the publications Ryan works on and how you can subscribe, please click on the corresponding link here:


Leave a Reply

Your email address will not be published. Required fields are marked *

Money Morning Australia