The global energy transition is gathering noticeable momentum, and hydrogen is considered one of the key drivers of this transformation. New technologies, multibillion-dollar infrastructure projects, and increasing support from governments and industries sustainably strengthen the sector. For investors, this means that opportunities in the hydrogen space are more attractive than they have been in a long time.
Our Hydrogen Portfolio confirms this trend impressively. Since the beginning of the year, performance has already reached +26% – a strong signal of market strength and the relevance of our strategic approach. To consistently capitalize on this momentum, we have realigned the portfolio.
A More Dynamic Setup with Clear Focus Areas
In recent weeks, we have significantly reduced our cash positions and increased the investment level to around 90%. This allows us to focus more on the winners in the hydrogen transformation:
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Solution Providers (53%): Companies that provide key building blocks of the hydrogen value chain through their technologies and solutions. They will form the core of our portfolio going forward.
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Pure Plays (22%): Companies fully focused on the hydrogen sector with a clearly targeted business model. They offer the greatest direct exposure.
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Green Hydrogen Producers (15%): Producers remain an important component but have been slightly reduced to improve allocation efficiency.
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Cash (10%): Intentionally kept lean to be flexible for market movements.
Global Diversification with a Focus on Asia
Another step in the realignment is the increased weighting of Asia. Currently, particularly exciting opportunities are emerging there in production, infrastructure, and export. This targeted expansion has improved portfolio diversification while simultaneously broadening the opportunity base.
Outlook
With the new allocation, our Hydrogen Portfolio is more dynamic, opportunity-oriented, and future-focused. We are confident that hydrogen will remain a decisive driver of the global energy transition – and that our portfolio is optimally positioned to benefit from the upward movement in the sector.
Further Reading on Fuel Cell Technology and Hydrogen Mobility
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Hydrogen drives combine the advantages of conventional fuels with the environmental friendliness of electric vehicles. They generate electricity in fuel cells with water as the only emission product. More information at https://www.opel.ch/de/simply-electric/wasserstoff-mobilitaet.html.
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In Germany and Europe, there is already intensive investment in expanding hydrogen filling station infrastructure to support emission-free fuel cell vehicles. More information at https://luzern-wird-klimaneutral.ch/wasserstoff/.
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Fuel cells offer a promising alternative especially in heavy vehicles and the transport sector. The technology is emission-free and delivers high ranges with short refueling times. More information at https://www.e-mobilbw.de/themen/brennstoffzellentechnologie.
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Various pilot projects for buses, trucks, trains, ships, and even airplanes rely on hydrogen as an alternative energy carrier to meet climate goals. More information at https://www.isi.fraunhofer.de/de/blog/2022/status-quo-und-zukunft-h2-Verkehrssektor.html.
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Fuel cell technology is considered key to sustainable mobility in the future, even though production costs and infrastructure still present challenges. More information at https://www.auto.swiss/alternative-antriebe/elektromobilitaet-mit-wasserstoff-brennstoffzelle/.
