Contact

China switches to fuel cells

By

July 2, 2019

Image titel:

Sources:

China switches to fuel cells

PowerCell stacks at the Hannover Fair 2019.
PowerCell stacks at the Hannover Fair 2019.

This remark (“major new customers”) stuck particularly with me, because Ballard – although already on board with many top partners and large companies in research technology – expects further major new customers, according to CEO Randy MacEwen in the telephone conference on the occasion of the figures for the fourth quarter of 2018.

With all this know-how, this is not surprising, since Ballard is technologically ahead of the market. Ballard himself now has to raise money for the production venture with Weichai for LCS-Stacks, because they are setting up a production facility in China in which Ballard holds 49 percent. Although only small quantities are expected for 2019, the breakthrough in terms of volume is likely to take place in 2020.

Advertisements

Investors must be prepared for the fact that the year 2019 will first result in a capital outflow of more than US$ 20 million (investments) and that logical losses will result from this before the harvest (= orders, sales and earnings) from LCS production can accrue after 2020. New major customers, however, are creating course fantasies, as the focus is on research funds/projects, but also on the production of FC stacks. In my opinion, this will result in high-margin new business with good prospects.

So ABB’s order for a flagship and a ferry can be seen as an indication of where major orders are waving sooner or later. Even the receipt of an order for twenty FC stacks for buses in London from the Irish company Wrightbus is only a drop in the ocean for the time being. It has just started. Meanwhile, Ballard partner Van Hool plans to produce one FC bus per day soon. Since this would probably require two stacks each, this partner alone could purchase 600 stacks annually.

Bosch joins PowerCell

The report was explosive: Bosch enters into a license deal with the Swedish company PowerCell and transfers 50 million euros. For PowerCell, an accolade and, at the same time, a direction set by Bosch, which is now also increasingly focusing on the fuel cell. What does this possibly – pure theory – have to do with Ballard? PowerCell was selected as a partner/supplier by Nikola Motors, which will launch hydrogen-powered hybrid trucks (13,000 pre-orders, 400 H2 filling stations to be built with Nel Asa) from 2020 onwards. But who does Nikola rely on as a supplier?

read more in H2-international July 2019

Author: written by Sven Jösting, May 24, 2019

Here are interesting and current articles on the topic of hydrogen – stocks and the stock market!

Economic prospects for companies in the hydrogen sector | Future, stocks & hydrogen companies on the stock exchange and more…

Which hydrogen companies will prevail in the competitive market in the long term? Get tips and cartwheels and learn more about risks or opportunities. Our stock market specialist and expert author Sven Jösting reports critically, independently and competently.

Mar 11 2024

On the way to becoming a green hydrogen partner

Oman aims to score points with H2 infrastructure Wind, sun and loads of expertise – these...
Mar 07 2024

We can master a scale-up for green hydrogen

Interview with Dr. Kai Fischer, Director at RWTH Aachen The efficient scaling of green hydrogen...
Mar 07 2024

Frustration over continuing uncertainties

Interview with Jorgo Chatzimarkakis, CEO of Hydrogen Europe There is a lot that needs sorting out...
Mar 05 2024

“If ever there was momentum for hydrogen, it is now”

Interview with Dr. Jochen Köckler, chairman of Deutsche Messe “We’re bringing people together.”...
Feb 28 2024

H2Direkt: Blueprint for heating with pure H2

The energy providers Thüga und Energie Südbayern (ESB) as well as Energienetze Bayern have...
Feb 26 2024

Just switch over?

Hydrogen in the existing natural gas network Whether hydrogen contributes to the clean heating...
Feb 26 2024

Pilot plant for coating bipolar plates

At Fraunhofer FEP (Fraunhofer-Institut für Organische Elektronik, Elektronenstrahl- und...
Feb 20 2024

55 MW electrolyzer to decarbonize Saarland

Hydrogen Regions series: HydroHub Fenne living lab The power plant site in Fenne, Völklingen, a...
Feb 20 2024

Chicken feathers as FC membrane material

Feathers from chickens or other poultry could in the future help make fuel cells more effective...
Feb 15 2024

SMEs demand more security

Guest article by André Steinau, CEO of GP Joule Hydrogen After all, the Ampel Coalition leading...
Feb 15 2024

Accelerated expansion of renewable energies

RED III is here – Elsewhere, the wait continues Progress is being made at EU level – albeit...
Feb 12 2024

Picea 2 relies on lithium instead of lead

HPS presents new product generation The company HPS Home Power Solutions has unveiled a new...
Feb 12 2024

H2 production by photocatalysis

The direct generation of hydrogen from sunlight has long been considered the most elegant solution...
Feb 05 2024

Regional instead of international

Hy-Fcell has it difficult asserting itself The aspiration of Landesmesse Stuttgart with Hy-Fcell...
Feb 01 2024

Hydrogeit Verlag turns 20 years old

Hydrogeit Verlag is proudly celebrating its 20th anniversary as a renowned specialist publisher in...
Jan 26 2024

Stracke other H2Now managing director

BMV Energy GmbH is entering the market as another player in hydrogen refueling stations. The...
Jan 26 2024

Starting points for a comprehensive hydrogen ramp-up

Industry congress GAT 2023 in Cologne To establish a functioning hydrogen economy, the entire...
Jan 26 2024

The industry highpoint in autumn

Hydrogen Technology Expo total success In autumn 2023 as well, the Hydrogen Technology Expo was...
Jan 22 2024

New management for the northern real-world lab

Obituary for Professor Werner Beba Mike Blicker will be the new project coordinator of the...
Jan 22 2024

Axel Funke moving to Apex

The Apex Group is expanding its management team from five to six people. Starting the new year,...

0 Comments

Leave a Reply