[New Technology]Hydrogen Cell

The big hike in gasoline price this year has impacted many people finacially and has turned many people into public transportation. Although crude oil price has retreat from the year high of over $70 per barrel down to $60 per barrel, high gasoline price is here to stay. As there are more and more worries on decreasing oil reserve, governments and corporates have take initiatives to find alternative energy resources to counter the energy crisis which will come eventually. One of the most popular alternative energy resource is solar which we discussed in previous post. Today we will introduce another alternative energy resource - hydrogen energy.

Hydrogen is considered a clean energy source as it is colorless, orderless, tasteless and notoxic. The energy is reusable and is environmental friendly. This is why governmenet is also pusing for wider use of this alternative energy source. The followings are some players in hygrogen energy:

• Distributed Energy System (DESC): the Wallingford, CT based company engages in the development of hydrogen fuel cell and hydrogen generators. It is also developing hydrogen fueling stations for hydrogen powered car. The stock has surged from $2.35 in January this year to as high as $10.7 in November.
• Hydrogenics Corp. (HYGS): the Ontario, Canada based company is developing hydrogen fuel cell for transit buses and personal vehicles. The stock, however didn't perform as well as the hype as it is now trading at 52 week low of $2.67 per share.
• Millennium Cell(MCEL): the Eatontown, NJ based company develops hydrogen fuel cells to be used in miliary vehicles, medical devices, GPS and more. Take a look at the company's website for the wide range of market of the fuel cell. The stock is also under pressure recently from more than $2.8 per share in August to $1.47 today, a 50% discount.