The global power industry experienced a 56% drop in company filings mentions of hydrogen in Q3 2023 compared with the previous quarter, with the highest share accounted for by Constellation Energy with 120% year-on-year increase, according to GlobalData’s analysis of over 97 power company filings. GlobalData’s Power: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the power industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, hydrogen was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of edtech and ecommerce, according to GlobalData.
Of the top leading companies in the power industry, Constellation Energy had the greatest increase in references for hydrogen in Q3 2023, compared with the previous quarter. GlobalData identified 11 hydrogen-related sentences in the company's filings - 0.8% of all sentences - and an increase of 120% in Q3 2023 compared with Q3 2022. NextEra Energy’s mentions of hydrogen rose by 500% to 6 and Iberdrola’s by 50% to 3 and RWE’s by 75% to 3 and WEC Energy Group’s by 73% to 3.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for hydrogen in Q3 2023 was 113.
For further understanding of GlobalData's Power: Filings Trends & Signals Q3 2023, buy the report here.
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