United States extends fuel cell funding

The United States Congress has restored the 30 percent investment tax credit for fuel cell power generation and forklifts, extending it through 2022, with a reduction in the final two years. The credit would be 26 percent in 2021 and 22 percent in 2022. This brings the fuel cell incentive in line with incentives for other advanced and renewable energy technologies.

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Charges filed against eZelleron’s Kühn

In April 2016, eZelleron, a German startup, filed for bankruptcy protection (see H2-international, August 2016). Now, its former CEO, Sascha Kühn, was charged with violating accounting principles, committing fraud and deepening the company’s insolvency, the Dresdner Neueste Nachrichten newspaper has reported. Kühn left Germany for the United States to head kraftwerk Inc. and eZelleron Inc. based in Silicon Valley. He is alleged to have filed balance sheets too late

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Hedge fund takes on Ballard – the new stock market thriller?

Stack
Stacks for commercial vehicles, © Ballard

Ballard Power’s stock recently came under pressure for not fulfilling all the expectations of market analysts. The last quarter of 2017 didn’t see a net loss of USD 0.01 but USD 0.02 per share. The net loss for the whole of last year was as much as USD 0.05, although on a non-adjusted basis. It means that despite a considerable leap toward breakeven in 2017

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FuelCell Energy – Carbon capture offers great potential

Bridgeport
Installation in Bridgeport, USA, © FuelCell Energy

FuelCell Energy (Nasdaq: FCEL) has announced its financial results for the first quarter in 2018, ended Jan. 31. Total revenue amounted to USD 38.6 million, up from USD 17 million in 2017. The company posted a loss of USD 8.4 million, including USD 3.5 million in deemed dividends on preferred stock. Financial liquidity on the balance sheet date added up to USD 115.4 million, part of which is a USD 40 million revolving project financing facility by NRG Energy

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Plug Power expects strong second quarter

share
Stock prices, © www.wallstreet-online.de

Technological breakthroughs and rosy prospects for growth may have raised expectations of the fuel cell companies described below, but their grossly undervalued stocks haven’t followed suit. Zooming out for a moment, there should be a greater focus on sustainability if the goal is to up the stock price. Instead, too much emphasis is placed on current financial results, specifically on the reports published each quarter. A pessimistic view of the next two years seems especially unjustified

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Hydrogenics versus ITM Power

Simon Bourne
Simon Bourne in the ITM container, © ITM Power

Canadian producer Hydrogenics (Nasdqaq: HYGS) and British manufacturer ITM Power (London: ITM) aren’t entirely comparable, but they use similar technologies. There are some commonalities in the form of power-to-gas projects, hydrogen stations and powerful electrolyzers to generate the gas. Their market caps aren’t as far apart as I would expect based on the number and contract value of bookings. Both stocks have experienced severe price drops.

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Tesla: Livin’ in my own little world

Tesla
Recharge, please, © Tesla

This or a similar sentiment could describe in a nutshell the content of the tweets and comments by Elon Musk, the charismatic CEO of Tesla (Nasdaq: TSLA). Reality is a bit of a world apart. In the fourth quarter of 2017, Tesla lost around USD 675 million despite strong growth in revenue to USD 3.3 billion. The average share loss was either USD 4.01 based on GAAP, which I prefer, or USD 3.04 per share based on non-GAAP.

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SOLIDpower partners with Microsoft

Microsoft
Fuel cell units on top, servers directly below, © SOLIDpower

While SOLIDpower’s core business is the supply of energy to residential and commercial buildings, it has recently branched out into IT. As a German-Italian manufacturer of high-temperature fuel cells, it will now provide units to businesses that need to keep servers running. The most well-known partner it has signed a cooperation agreement with is Microsoft.

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First hydrogen and fuel cell show in Las Vegas

ForumThe leap over the big pond has been made. Tobias Renz Fair and Deutsche Messe organized the first Hydrogen + Fuel Cells North America, which took place in Las Vegas, Nevada, Sept. 10 through 13, 2017. The hydrogen and fuel cell trade show ran alongside Solar Power International and Energy Storage International in one large hall at the Mandalay Bay Convention Center. It attracted many interested visitors.

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Trump Administration Update

ExxonMobil
Ad by ExxonMobil and FuelCell Energy, © ExxonMobil

The Trump government’s move toward fossil fuels has intensified in the fourth quarter. The Energy Information Center is primarily intended for power plants that are to receive a certain electricity price in order to be able to guarantee base load protection. The Environmental Protection Agency (EPA) is committed to revamping and eliminating the clean power plan.

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