The large increase in the number of orders placed with each one of the fuel cell businesses analyzed in this and following articles promises a very bright future for the industry. Prototypes give way to mass production. The recent stabilization of the oil price is an effective mental tool. The road to profitability is there. The shares have potential – but not everyone has realized it yet! (more…)
The fourth quarter brought another growth boost by 70% to USD 38.4 million compared to the same quarter last year. Plug Power’s total revenue added up to more than USD 103 million, although it could have been 3.6 million more if the sale-leaseback transactions hadn’t forced the company to distribute the amount for tax reasons across contracts. Revenue was originally thought to reach USD 100 million. (more…)
As predicted several times before, #dieselgate is the driver of upcoming changes at German carmaker Volkswagen. In March 2016, it was said that the Wolfsburg-based corporation would concentrate all fuel cell activities at its Audi subsidiary. This will necessitate a move of most of the fuel cell research, which has so far been conducted in the German city of Salzgitter. Stefan Knirsch, board member and head of development at Audi, told the magazine Automobilwoche: “This January, the task of corporate research on fuel cell engines was given to Audi.” And VW’s board of directors had supported the concentration of activities. (more…)
When not charged, Marlotherm is of clear yellow color
Five years ago, some called carbazole the “wonder fuel” and “fuel source of the future,” although basic research hadn’t even been concluded yet. After intensive development, Hydrogenious Technologies has just presented a potential successor to the carbazole legacy: dibenzyl toluene. On Jan. 29, 2016, the company based in Erlangen, Germany, brought its first hydrogen storage unit based on this liquid organic hydrogen carrier (LOHC) into operation at the company’s headquarters. Around 150 people were present when Ilse Aigner, Bavaria‘s economy minister, inaugurated the system. (more…)
On March 1, 2016, Lukas Rohleder took over management of Energy Saxony. The 34-year-old replaced Robert Franke, who became head of the Office of Economic Development in Dresden, the capital of the German state of Saxony, on Oct. 1, 2015. Rohleder was last employed as the executive assistant for political communication at aireg, after he had worked as a research assistant at the Bundestag office of Germany’s finance minister, Wolfgang Schäuble. (more…)
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