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Plug Power buys Giner ELX and United Hydrogen

Plug Power buys Giner ELX and United Hydrogen

by | Oct 16, 2020 | worldwide

Plug Power stock is resilient. On the plus side, Plug [Nasdaq: PLUG] completed its USD 123 million acquisition of Giner ELX and United. It will allow the company to not only produce hydrogen but also start making electrolyzers. As I often noted, this kind of deal would be needed for an upward trend in Plug’s price. Moreover, the fuel cell supplier announced that it had received several sizeable orders, including a recent one from a new UK customer, Asda, a Walmart subsidiary.

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Ballard and the ingredients to a perfect success story

Ballard and the ingredients to a perfect success story

by | Oct 16, 2020 | worldwide

FCmove
FCmove-system, © Ballard

Recent high volumes of trading saw Ballard Power stock shoot past USD 21 at one point. Subsequent profit-taking then caused the price to fall again. I would say this kind of correction is not unusual during an upward trend and gives investors another opportunity to (re)purchase shares.

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Europe’s Green Hydrogen Deal

Europe’s Green Hydrogen Deal

by | Oct 16, 2020 | Europe

Hydrogen Grid
Hydrogen Grid © European Hydrogen Backbone Initiative, Guidehouse

On June 8, the EU followed Germany’s example by announcing a hydrogen strategy. The European Commission even published two road maps, one for energy systems integration and another for clean hydrogen as part of the NextGenerationEU stimulus package and the European Green Deal.

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New management, new direction

New management, new direction

by | Oct 16, 2020 | Germany

DWV board
DWV’s board members

The quiet life is over. That much is clear, even to the German hydrogen and fuel cell association DWV. Growing interest in hydrogen and fuel cells has some wanting to turn the organization into a powerful industrial body.

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Mathias Bode leaves Horiba

Mathias Bode leaves Horiba

by | Oct 16, 2020 | Germany

Mathias Bode, © Andreas Lander

Mathias Bode, FuelCon and Sensotech’s longtime chief executive, has decided to change careers. An automation technician by trade, he is now working for Aquin & Cie., a privately owned consultancy that specializes in mergers and acquisitions, mainly in the industrial automation, automotive testing and electric vehicle markets.

Bode founded Sensotech in 1990 and FuelCon in 2001, developing the latter into a major supplier of fuel cell and battery test equipment. He also supported FuelCon’s acquisition by the Japanese Horiba Group in 2018. He told H2-international that “Horiba asked me to stay with the company. But after 30 years in the market, I wanted to try out something new. Day-to-day business is now in the hands of Horiba Europe’s Markus Bode [no relation].”

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