The
current interest in hydrogen is almost frightening. Too often we
already had H2 hypes, according to which the image of
hydrogen was worse than ever before. A number of industry
representatives with whom I have talked these days are therefore
sceptical and fear that the hope for sustainable change that is just
emerging will immediately be destroyed again.
The
surprising takeover of the Canadian competitor Hydrogenics will also
have a positive impact on Ballard Power’s stock market valuation:
Both companies have been frontrunners in FC development for many
years. Their activities overlap in rail vehicles and trucks. They are
both absolutely tops: Hydrogenics with Alstom and Ballard with CRRC
and Siemens. Ballard also has many other activities in the major
markets of the future, such as the use of fuel cells in drones.
The topic of hydrogen and fuel cells is also becoming increasingly hotly debated on the stock exchange. The takeover of Hydrogenics, the Canadian frontrunner in fuel cell systems for trucks and rail vehicles as well as for electrolysers, by the US company Cummins Engine, should make people sit up and even trigger a wave of further takeovers or participations of listed companies in the industry.
The reports are coming thick and fast: Chinese companies and some provinces are planning to initially invest US$17 billion in hydrogen technology. A master plan already provides for 1 million FC vehicles on the country’s roads in 2030.
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