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Ceres Power - 1 Caroline Hargrove - 1 Hargrove - 1
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☆ Green hydrogen tech boss warns of AI energy consumption risk
  + stars: | 2024-04-15 | by ( Vicky Mckeever | ) www.cnbc.com   time to read: +1 min
Vertigo3d | E+ | Getty ImagesThe chief technology officer of Ceres Power has warned that as artificial intelligence tools become more widely used for efficiency, there is a risk that this could result in even higher energy consumption. "What scares me is the energy consumption if you're using ChatGPT [for simple queries]," Caroline Hargrove said during an "IOT: Powering the Digital Economy" panel on the new energy landscape. Hargrove is CTO of Ceres Power, a developer of clean energy technology, including electrolysers for green hydrogen. An International Energy Agency report, published in January, highlighted that on average a typical Google search uses 0.3 watt-hours of electricity versus 2.9 watt-hours for a ChatGPT request. Hargrove said if this consumption was not managed properly "then the perverse effect could happen that we use so much more energy."
Persons: Ceres Power, Caroline Hargrove, Hargrove Organizations: Ceres, International Energy Agency
☆ Want to cash in on 'clean' hydrogen? HSBC shares its stock picks — giving one over 110% upside
  + stars: | 2023-04-25 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +3 min
Analysts have been very bullish about investing in an area of clean energy: hydrogen. "Clean" hydrogen remains a "more compelling" decarbonization option than batteries when it comes to trucks, ships, trains and planes, HSBC said in an April 20 note. Clean energy has been gaining impetus with the U.S. Inflation Reduction Act, and some regard hydrogen as a renewable power source. It gave the stock a price target of 80.30 yuan ($11.60), or potential upside of 114%. HSBC gave the stock a price target of 21 euros ($23), or potential upside of 32%.
☆ Goldman names 2 global stocks to play the 'clean hydrogen revolution,' giving one 50% upside
  + stars: | 2023-02-20 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +2 min
The boom in clean hydrogen is picking up pace, according to investment bank Goldman Sachs. "The clean hydrogen revolution continues to accelerate," analysts at the bank said in a Feb. 13 note. The cleanest type — green hydrogen — uses energy from renewable sources, while so-called blue hydrogen is produced from natural gas. Industrie De Nora Goldman said De Nora is a key beneficiary of the IRA incentives given its high exposure to U.S. sales. Goldman gave the stock a price target of 24 euros ($25), or potential upside of nearly 30%.
☆ The market for EV tech is revving up — and it's a good time to cash in on these stocks, Citi says
  + stars: | 2022-10-13 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +3 min
Fuel cells could be the next big technology to power electric vehicles — Citi is naming it one of the 10 fastest-growing markets in industrial tech. Fuel cells use hydrogen or other fuels to cleanly produce electricity. Citi estimated the fuel cell market could grow from around $2.5 billion in 2021 to $43 billion by 2030. A 'hidden' EV battery play Morgan Stanley flagged one stock that it says is a "hidden EV battery play." Morgan Stanley also pointed to the firm's healthy balance sheet and cash resources, saying the EV battery recycling industry could give it further upside.
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