The fuel-cell companies quoted on the stock exchange have used 2015 perfectly to strengthen their market positions. These efforts have resulted in more orders, improved balance sheets, increased capital and some very important strategic collaborations as well trendsetting product developments. This lets us conclude for 2016 that probably most of these companies – if not all – will be able to become cash-flow positive or even generate sustainable profits after many years of preparing for this moment.
Ballard Power is placing a bigger focus on China, evidenced by the various agreements with Chinese companies from the field of bus manufacturing and the development of hydrogen-driven rail vehicles. According to company information, the Canadian fuel-cell manufacturer paid special attention to only collaborate with known, reputable partners, whether big or small, which enjoy their own location advantages.
Many big boys – as the leading US investment banks are called – have given Tesla an unquestionably positive rating. CEO Elon Musk understands how to polarize as well as convince analysts, but at the end of the day only hard facts count. The Credit Suisse analyst specializing in the field already expects a profit of US$ 4.00 per share for fiscal year 2016, since there had allegedly been so many orders for Model X, which would impact earnings.
Dear Reader, I would like to present you with some short number examples: The German Callux program installed 474 fuel-cell heating systems within eight years; the original target was 800. Japan currently has over 140,000 of these systems. The German 50 Filling Station program was supposed to set up 50 H2 filling stations until the end of 2015. In the end, there were only 19. Until the middle of 2016, another 23 are said to be added. Meanwhile, Japan has already had 80 of these stations in operation (On a side note, the CEP predecessor, the Verkehrswirtschaftliche Energiestrategie, had envisioned 2,000 public H2 filling stations until 2010).
Oct. 13, 2015, was the official start of activities for H2 Mobility Germany. After the joint-venture consisting of six industry partners had already been founded in January last year (see July 2015), the joint launch came in fall in the presence of the Federal Minister of Transport, Alexander Dobrindt, and all company representatives. This meant that the organization’s CEO, Frank Sreball, had nine months to familiarize himself with the issues
At the end of last year, Heliocentris Energy Solutions selected Sabine Kauper to become CFO of the company. Having graduated in business administration, she has been specializing in taxation and auditing and assumed her new position at the Berlin-based fuel-cell manufacturer on Jan. 1, 2016. She has filled the gap left by her predecessor, Andras Gosztonyi, who parted ways with Heliocentris in 2014.
Hamburg-Reitbrook is home to what many consider an extremely compact and efficient Power-to-Gas plant: the WindGas system. It was inaugurated on Oct. 15, 2015, after being set up by a company consortium during a three-year preparation period under the auspices of an NIP subsidy project. Both Hamburg’s First Mayor, Olaf Scholz, and the Parliamentary State Secretary of the Ministry of Transport, Norbert Barthle, were missing during the ceremony despite an announcement to the contrary
Change in personnel at the beginning of the year at Clean Energy Partnership (CEP): Patrick Schnell, who had worked at the organization since it started out as a demonstration project (which succeeded the Verkehrswirtschaftliche Energiestrategie or VES in 2002), handed over his chairmanship of CEP to Thomas Bystry. Schnell, whose primary employment is managing the Sustainable Development department
Dr. Heinz Günter Klug passed away last fall. On Oct. 12, 2015, the long-time pioneer of hydrogen technology died at the age of 78. The mechanical engineer, who was born in Mainz, provided important contributions to hydrogen engine testing for aircraft during his time as project head at Airbus. Twenty years ago, he was one of the founding members of the German Hydrogen and Fuel Cell Association. Klug, who last lived in Hamburg, was the coordinator of the Europe-wide Cryoplane research project before he retired in 2002.
The parliamentary evening organized each year by the German Hydrogen and Fuel Cell Association (DWV) was held at the British embassy in Berlin in mid-November of 2015. More members of parliament than ever showed up to the event dedicated to Green Hydrogen for an Efficient Energy Transformation.