Ballard Power Systems is a pioneer in the fuel cell industry. Since 1983, fuel cells have been developed in the company founded by Geoffrey Ballard in Burnaby near Vancouver. Randy MacEwen has been President & CEO of the Canadian fuel cell manufacturer since 2014. On October 23, 2019, the International Hydrogen Symposium brought him to Hamburg where H2-international seized the opportunity for an interview.
California continues to move the needle in adopting more and more ambitious climate, energy and transportation goals, to improve air quality and reduce health impacts from emissions, and to develop a strong clean energy economy in the state that creates sustainable jobs.
I’m a hydronaut. No, that’s not a term for an underwater astronaut, but a term Honda uses to describe me, as one of their Clarity Fuel Cell electric vehicle (FCEV) drivers on California’s road today. Between three automakers (Honda, Toyota, Hyundai) there are now over 7,000 (Aug 1, 2019) FCEV’s on the road.
Solar Power International (SPI) will take place this year from September 23 to 26 as part of North America Smart Energy Week in Salt Lake City, but without Hydrogen + Fuel Cells North America. As the organiser Solar Power Events confirmed to H2-international, the cooperation of the past two years with Deutsche Messe and Tobias Renz will not be continued. There will nevertheless be an H2 and FC area under the title Hydrogen + Fuel Cells International.
Following a short-term dip, the stock of Canadian fuel cell manufacturer Ballard Power (Nasdaq: BLDP) went on to rebound in a big way, shooting up daily. A good sign. While the company didn’t ink any major deals, it signed several framework agreements and received multiple letters of intent. It also tried to branch out, getting in on projects such as H2Ports. As a global leader, Ballard will remain in the spotlight, in multiple markets, thanks to its highly advanced technology.
For me, the new year started off with a bang: While hydrogen and fuel cells had rarely been discussed at the many energy conferences held in past years, power-to-gas, electrolyzers and fuel cells are quickly seizing the spotlight these days. It’s very good news for technology suppliers listed on the stock exchange, especially for those mentioned below. The market has finally built enough momentum, and the public is taking note. Also, Tesla’s position as the leader of the field took a bit of a hit in 2018: Competition grew fiercer, with more and more businesses offering electric or hybrid models.
The bloodletting among the executive ranks at Tesla (Nasdaq: TSLA) continues. The carmaker’s general counsel stepped down only two months after taking the position and its chief financial officer, who had already been in this role once before, years ago, resigned as well, this time after two years. This doesn’t bode well. Tesla’s CEO, Elon Musk, at least managed to bring his billionaire friend and Oracle founder Larry Ellison on board. Ellison has bought Tesla shares worth over USD 1 billion, making him the automaker’s second-largest private shareholder, after Musk.
On February 22, Plug Power (Nasdaq: PLUG) celebrated the Grand Opening of a new factory in Rochester in the United States. Reportedly, the site will create more than 180 jobs and produce as many as 400,000 membrane electrode assemblies, compared to a company-wide production of 10,000 in 2018. The big increase in capacity is thought to be achieved by using a technology that the manufacturer obtained by buying American Fuel Cell. Additionally, tests of courier vans have created high expectations.
After a sharp decline, with high volumes being traded at prices as low as USD 0.40, the tide suddenly turned for FuelCell Energy (Nasdaq: FCEL). While trade volume increased even more, to 17.5 million shares, the price shot to USD 0.90 within a few days. Then, the tide turned again, and the shares fell to a new low. It’s almost as if the stock is part of a high-stakes gambling game. Who is in the know?