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Bloom Energy – Current Market Value a Good Opportunity

Bloom Energy – Current Market Value a Good Opportunity

Bloom
Bloom combines individual cells and stacks into large hybrid multi-MW solutions, © Bloom Energy

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.

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Up to 52 Fueling Stations at Truck Stops

Up to 52 Fueling Stations at Truck Stops

News

Fueling Stations
Fueling Stations, © Hydrogentle

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.

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Northern German Hydrogen Industry Network

Northern German Hydrogen Industry Network

Heinrich Klingenberg
Heinrich Klingenberg

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.

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Nathalie Runs Off Serenergy Stack

Nathalie Runs Off Serenergy Stack

electric sports car
It is likely that only a few hundred units of this electric sports car costing several hundred thousand euros will ever be built, © Gumpert Aiways

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.

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Joint Effort to Transform the Energy Sector

Joint Effort to Transform the Energy Sector


GP-Joule
Frank Zimmermann, H-Tec; Reinhard Christiansen, EdN; and Sönke Tangermann, Greenpeace Energy; © Greenpeace Energy

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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