As the world moves toward renewable energy, Hydrogenics President and CEO Daryl Wilson sees big opportunities for hydrogen power and energy storage.
For high-end products, the UK and Northern Europe are ideal markets with reasonable freight rates. In Germany, Austria, Finland and Sweden, timber costs are significantly higher than North American costs. The pricing in Europe and the UK tend to pay a better price for the products. Russia needs wood to meet population size and demand for better housing, particularly as the country starts to emerge as a strong economy because of its commodities. The Middle East presents a different market. Its downfall of lower grade items, usually for concrete forming, likely won’t propel it into the high-end of the market. Saudi Arabia, the United Arab Emirates, Kuwait and potentially India, over time their markets will shift towards the higher-end.