Ballard [Nasdaq: BLDP] and Weichai, Ballard partner and major shareholder, announced they are building an LCS factory in China. Past tense, it has probably already been built. Production should begin this year.
In my view, Plug Power [Nasdaq: PLUG] is definitely on the right track: Building and expanding liquid hydrogen production facilities while planning to acquire United Hydrogen. The latter’s 6.5-ton annual capacity should be raised to 10 tons, thus meeting 25 percent of Plug’s in-house demand, meaning eventually the profit margin can come from consumables. Plug is also negotiating with an electrolyzer manufacturer that could or should be absorbed. That all looks very good to me. In a few years’ time, Plug intends to cover more than 50 percent of its own production with green hydrogen.
On April 23, NOW’s supervisory board announced its new director in Berlin. Starting on May 15, Kurt-Christoph von Knobelsdorff, formerly a department head at Brandenburg’s economy and energy ministry, will lead the German national hydrogen and fuel cell organization.
Apex Energy Teterow CEO Mathias Hehmann has one vision: to turn his Rostock-based business into a one-stop hydrogen contractor. He intends Apex Energy to design, plan and install devices producing and storing hydrogen as well as run and maintain them over their lifetime.
Although the European Commission funded many hydrogen and fuel cell projects in the last several years, the industry sector was rarely mentioned in Brussels. That changed in 2019, when high-ranking German politicians started taking a second look at the technology.
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