Bloom Energy (Nasdaq: BE), a manufacturer
of fuel cell systems, is a new one for me to discuss on these pages. The
company went public in July 2018, and after issuing shares at a price of USD 25
each, it went on to reach a market cap of above USD 3 billion, though it is
valued at less than half of its IPO price today. It posted revenues of USD 742
million for 2018 and expects a steady 20 percent growth per year in the
near-term future.
At
the FC Expo in Tokyo in late February, Hydrogentle, based in Hamburg,
said it would collaborate with other stakeholders in the industry to
install a countrywide network of hydrogen fueling stations in Germany
to offer drivers a wide range of places to fill up their commercial
vehicles. To this end, it signed an agreement with an unnamed partner
company about adding hydrogen pumps to truck stops alongside German
autobahns. In all, 30 stops are expected to be put up in nearby
industrial areas, although the number could ultimately rise to 52.
Hydrogen is an oft-discussed topic in and around Hamburg these days: In summer last year, the city became the birthplace of the Hydrogen Industry Network in Northern Germany. In November 2018, it was where the economy and transportation ministers of the German states on the coastline met for a conference on a joint hydrogen strategy for the region. H2-international talked to Heinrich Klingenberg, the network’s spokesman and chief executive of hySolutions, about the organization’s plans and the future role of the city.
On
March 5, at the Geneva International Motor Show, Roland Gumpert
showed attendees his Nathalie Race, an electric sportscar named after
his daughter. The distinctive feature of the coupe, unveiled in
spring 2018, is the engine under the hood: Gumpert, who designed Audi
Quattro’s four-wheel drive, said it had been important to him “to
build an electric car that doesn’t grind to a halt because the
battery is drained but generates electricity during the ride. To
achieve this, we used a fuel cell that produces hydrogen from a
methanol-water blend.” The fuel cell was made by Serenergy, based
in Denmark.
In 2019, Reinhard Christiansen, the chief executive of Energie des Nordens, or EdN, is continuing at the same pace at which he implemented his ideas last year. On January 24, he signed a purchase deal for another PEM electrolyzer, in addition to the 225-kilowatt unit, type ME 100/350 by H-Tec Systems, that was started up in October 2018. He is planning to have the new and larger ME 450/1400 device with a capacity of 1 megawatt installed in the German town of Haurup. Reportedly, this second plant will inject 3.75 million kilowatt-hours of hydrogen, produced from surplus wind power, into Germany’s pipeline system.
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