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Plug Power: High Growth, Strong Backlog

Plug Power: High Growth, Strong Backlog

by | Jul 2, 2018 | North America

Plug Power’s first-quarter results were well received by stock market analysts. Net loss was USD 0.07, less than expected, while revenue surged 90 percent year over year, topping USD 29.1 million. At year’s end, earnings are expected to be between USD 155 million and USD 180 million. It has been reported that multiple new, and large, corporations were now part of Plug’s customer base. One of them is said to be a food company that ranks among the top five in the United States. (more…)

Tesla and why it’s hard to keep the lid on

Tesla and why it’s hard to keep the lid on

by | Jul 2, 2018 | North America

Semi

Semi by Tesla, © Tesla

Tesla’s first-quarter report showed another record loss, USD 700 million, which lowered its cash by a whopping USD 600 million. Considering this, it seems unimportant that revenue jumped to USD 3.41 billion or that Model 3 production is being ramped up to full capacity. Tesla has been burning through massive amounts of money. (more…)

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United States: More R&D Money Than Expected

United States: More R&D Money Than Expected

by | Jul 2, 2018 | North America

map

Alternative stations in the United States

Nikola Motors, which is developing Class 8 semitrucks that use fuel cell range extenders, announced an order for 800 units from Budweiser while suing Tesla for USD 2 billion, alleging patent infringement. Nikola’s announcement got so much attention that FedEx Corp. put out a notice on the receipt of a fuel cell delivery van. (more…)

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Extracting hydrogen from water

Extracting hydrogen from water

by | Jun 5, 2018 | North America

Kennedy

Traver Kennedy

The work of Joi Scientific Inc. continues to be shrouded in secrecy. Who are these Americans who have been present on the scene for months, but haven’t really explained what they’re doing? What does the company, which seems to have already collected millions in investor money, want to offer? A finished product or services only? Moreover, why all this secrecy? H2-international had the opportunity to interview the CEO of Joi, Traver Kennedy, to learn more about the company’s plans for 2017 and beyond. (more…)

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Plug Power: High Growth, Strong Backlog

United States extends fuel cell funding

by | Apr 5, 2018 | North America

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. (more…)

Plug Power: High Growth, Strong Backlog

Charges filed against eZelleron’s Kühn

by | Apr 5, 2018 | Germany, North America

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 (more…)