The Potential Winner in the $50 Billion Hydrogen Investment

The Biden administration's $7 billion investment in hydrogen hubs is expected to catalyze an additional $40 billion in private investment, creating jobs and economic benefits across seven U.S. regions. While many companies were named in these projects, Chart Industries, a specialist in cryogenic tanks and heat exchangers, stands to benefit the most. With its expertise in hydrogen infrastructure and recent acquisition of Howden, a manufacturer of industrial fans and compressors, Chart has seen its total addressable market in hydrogen double in the past year. Additionally, Chart's involvement in natural gas infrastructure and carbon capture technology further positions it for success in the energy transition. The company's stock, which initially sold off after the Howden deal, now presents a potential buying opportunity as the hydrogen hubs kick in.