Three ASX hydrogen shares worth your attention in January 2022

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Three ASX hydrogen shares worth your attention in January 2022

 Three ASX hydrogen shares worth your attention in January 2022
Image source: Sharon Cottle, Shutterstock.com

Highlights

  • The year 2021 saw companies and governments across the world laying strong emphasis on clean energy.
  • Several ASX companies operating in the sector reported significant returns for shareholders in 2021.
  • QEM, SPN, and ECT are a few ASX-listed hydrogen shares to look at in January 2022.

The year 2021 saw companies and governments across the world doubling down on clean energy push. The concept of clean and green energy was aggressively implemented across the world, including Australia. Several companies operating in the sector reported significant returns for shareholders in 2021. While the ASX 200 produced a 13% return before dividends, majority of hydrogen shares gained more than 100% during the last 12-month period. However, investors should also note that most ASX-listed hydrogen shares that fared well on the stock market are penny shares.

QEM Ltd (ASX:QEM)

QEM Ltd is an Australia based exploration and project development company. The company’s share price saw a massive jump in March 2021 after it announced plans to employ green hydrogen strategy at its Julia Creek Project.

In the recent past, the company has conducted several studies to evaluate a project which could make use of solar or wind farm to produce green hydrogen. In July last year, the company said that the project could accommodate a wind farm capable of producing 126 megawatts of electricity.

The small-cap stock has delivered a negative year-to-date (YTD) return of 5%. In the past year, the stock has given a return of 90%.

Sparc Technologies Ltd (ASX:SPN)

Sparc Technologies is a graphene technology company from South Australia focused on developing innovative technology solutions utilising graphene’s unique features.

The company came up with the concept of ‘ultra-green’ hydrogen in 2021. The concept, which is being developed along with University of Adelaide, utilises direct solar radiation to produce hydrogen from water.

The stock has delivered a negative year-to-date (YTD) return of 0.95%. In the past year, the stock has given a return of over 377%.

Environmental Clean Technologies Ltd (ASX:ECT)

The company is engaged into licensing commercially practical and environmentally cleaner technologies and processes, reduction of carbon emissions and environmental damage through investing.

The company is actively working in the field of production of hydrogen energy via its two technologies - HydroMOR and COHgen. The two technologies use lignite, also known as brown coal, to produce hydrogen energy. Last year, the company purchased the site for its proposed hydrogen refinery project.

The stock has delivered a negative year-to-date (YTD) return of 17.50%. In the past year, the stock has given a return of 230%.

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