I think this may well be correct. However I’m torn. I am not sure I have the skills to pick which companies will make the difference.
I am dubious about hydrogens worth. Fuel Cells, are neat and all but struggle against batteries in a lot of applications. It’s an energy carrier, the round trip efficiency is poor so it has to make sense from an energy density perspective, trains, big trucks and planes may be ideal. Not real stand out players in this space.
Solar and wind are basically solved, to be commoditised further and efficiency and costs are the most important.
SMRs are cool, but acceptance is still a big issue and a lot can be done with acceptance at big existing conventional facilities, eg Sizewell C, or building new nuclear on old coal plants,
Wildcard? Fusion, maybe. First light fusion, Tokamak Energy, Commonwealth Fusion Systems, Helion Energy, General Fusion (4 of them building in Oxfordshire!) all recieving large private investment and making advancements.
ITER, STEP and DEMO are governmental orgs and are a while off, but if ITER shows a Q above 1 expect the money to flood in to the others.
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