Biden´s Infrastructure Bill to bring boom for Green Tech Stocks

As the infrastructure negotiations evolve, one thing is clearly clear: the Biden administration will not back down when it comes to allocating funds to help keep the world's largest, most energy-intensive economy moving towards a clean, green energy infrastructure paradigm . If the GOP doesn't like it, the Dems will simply move on to assigning the infrastructure in the budget reconciliation process starting next year where the filibuster doesn't apply and they only need 50 votes in the Senate (due to VP Harris's crucial tie-breaker vote ). That could mean the bill grows to $ 6 trillion and a lot more allowance for the green tech industry, Politico reported late last week. This has enormous consequences for key players in this field, including NextEra Energy Inc (NYSE: NEE), FuelCell Energy Inc (Nasdaq: FCEL), Eco Innovation Group (OTCMKTS: ECOX), Plug Power Inc (NASDAQ: PLUG), Blink Charging Co (NASDAQ: BLNK) and Enphase Energy Inc (NASDAQ: ENPH). We take a closer look at some of these names with current catalysts below. Plug Power Inc. (NASDAQ: PLUG) offers turnkey hydrogen fuel cell solutions for the electromobility and stationary energy markets in North America and Europe. The company focuses on proton exchange membrane (PEM) fuel cell and processing technologies, fuel cell / battery hybrid technologies and the associated infrastructure for storing and delivering hydrogen. The company offers GenDrive, a hydrogen-powered PEM fuel cell system that powers electric vehicles for material handling; GenFuel, a system for the supply, generation, storage and delivery of hydrogen; GenCare, an ongoing maintenance and service program for GenDrive and GenSure fuel cells, GenFuel products, and ProGen engines; and GenSure, a stationary fuel cell solution that provides modular PEM fuel cell power for the backup and utility power needs of the telecommunications, transportation and utility sectors. Plug Power Inc. (NASDAQ: PLUG) recently announced plans to build a green hydrogen production facility in Camden County, Georgia, to serve customers in the southeastern United States. The announcement confirms Plug Power's continued commitment to build North America's first green hydrogen utility as the Camden County facility extends Plug Power's service coverage to the entire east coast of the United States. "With this hydrogen production facility, we are expanding our green hydrogen network to provide zero-emission fuel to customers in Georgia and throughout the Southeast," said Andy Marsh, CEO of Plug Power. "Investing in Camden County is the right decision to support Plug Power's continued growth." And the stock has done well in the past few days, up around 17% in that time. Plug Power Inc. (NASDAQ: PLUG) had sales of $ -0.3 billion, according to the company's latest quarterly report. This corresponds to a sequential growth rate of -395.7% compared to the previous quarter. In addition, the company has a strong balance sheet, with cash well in excess of current liabilities ($ 1.3 billion versus $ 222.4 million). Eco Innovation Group (OTCMKTS: ECOX) appears destined to become a growing force in the field as it moves a number of interesting projects towards commercialization. The company has an incubator model based on a network of relationships with green tech innovators and inventors. ECOX finds promising projects and helps move them forward, eventually taking commercial control through exclusive licensing agreements that, once signed, fund prototypes and demonstrate, followed by marketing and rollout. Based on corporate communications, the company is currently about to launch some very interesting technology projects. The Eco Innovation Group (OTCMKTS: ECOX) this morning announced further progress on one such project: The company has begun manufacturing a fully functional prototype of its recently licensed PoolCooled ™ climate control technology solution.