Insights

Global Energy (ASX:GEV) share price gains 7% on hydrogen export study update

The future is looking bright for Global Energy Ventures and Australian green hydrogen
The post Global Energy (ASX:GEV) share price gains 7% on hydrogen export study update appeared first on The Motley Fool Australia. –

The Global Energy Ventures Ltd (ASX: GEV) share price is surging higher today following news of a study into exporting hydrogen.

The company has announced the beginning of a feasibility study into transporting hydrogen from Western Australia to markets in the Asia Pacific region using its compressed hydrogen ships.

Global Energy Ventures specialises in energy transportation. It is currently an early mover in the transportation of hydrogen.

Earlier today, the Global Energy share price jumped by 12% to 9.2 cents. It has since partially retreated to 8.7 cents, a 7.4% gain on its previous close.

Let’s take a closer look at the latest news from Global Energy Ventures.

Study into shipping hydrogen begins

The Global Energy share price is taking off on the back of a new study into transporting green hydrogen.

Hydrogen is labelled ‘green’ when it’s processed using renewable energy.

The feasibility study will look into the possibility of transporting hydrogen from Province Resources Ltd‘s (ASX: PRL) HyEnergy Zero Carbon Hydrogen Project using Global Energy Ventures’ compressed hydrogen shipping solution.

The study recently received up to $300,000 of funding from the Western Australian government.

It will integrate the HyEnergy Project’s proposed green hydrogen production facility, an onshore compression facility, and an offshore mooring and loading system.

Global Energy Ventures proposes to build the onshore compression facility and offshore terminal.

The study will also integrate a fleet of compressed hydrogen ships, like those owned by Global Energy Ventures, for marine transport. It will assess the potential to transport the green hydrogen to markets in the Asia Pacific region.

The study is expected to be finished in the June quarter of 2022.

Global Energy share price snapshot

This year has been particularly good to the Global Energy Ventures share price.

Right now, the company’s share price is 11% higher than it was at the start of 2021. It has also gained 48% since this time last year.

The post Global Energy (ASX:GEV) share price gains 7% on hydrogen export study update appeared first on The Motley Fool Australia.

Should you invest $1,000 in Global Energy Ventures right now?

Before you consider Global Energy Ventures, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Global Energy Ventures wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

These were the best performing ASX hydrogen shares of September

Global Energy (ASX:GEV) share price leaps 18% on green hydrogen grant

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!