Since the beginning of November 2019, Kerstin Andreae has been the new Managing Director of the Bundesverband der Energie- und Wasserwirtschaft e. V. (Federal Association of Energy and Water Management, BDEW).
Where is the best place to demonstrate how hydrogen and wind power technology can grow together in the future? Northern Germany is certainly predestined for this. This is why Hamburg Messe und Congress GmbH with its WindEnergy has now set a clear course for offering both technologies a common platform at the world’s leading trade fair for wind power.
The expansion of the H2 infrastructure continues – albeit much slower than it could be. The declared goal of having 100 hydrogen refuelling sites in Germany is expected to be achieved by mid-2020 – more than a year later than originally planned. By the end of 2021, 10 to 15 new locations are to be added each year.
At the annual meeting of the Clean Energy Partnership (CEP) at the end of 2019, a new management trio came together. Jörg Starr of Audi, who was recently elected Chairman of the Board, was joined by two Co-Chairs: Stefanie Beck from Toyota and André Steinau from GP Joule.
In October 2019, gas manufacturer Linde acquired a stake in British electrolyser manufacturer ITM Power. Linde AG acquired a total of 95 million new ITM shares for EUR 45 million. The former German industrial group, which relocated its headquarters to Guildford in the UK after the merger with Praxair, now owns 20 percent of the Sheffield-based plant engineering company. In addition to this participation, there will soon also be a 50-50 joint venture that will provide green hydrogen for industrial projects.
At the beginning of July 2019, the HyStarter tender was decided. Nine regions have been awarded the contract and will receive support for their entry into hydrogen and fuel cell technology as part of the HyLands overarching funding project. In the future, their concepts will also serve as a blueprint to inspire other regions.
I am watching these titles very closely. However, the valuations are now so high – relative to sales, equity, orders on hand – that one should rather remain engaged in the titles I have presented and even put the above-mentioned for sale and cash-in existing book profits. This is an opinion – without commitment – based on the comparison of the indicators. But what is clear: The more investors continue to focus on the fuel cell, the more all companies and their shares will be able to profit from it – the new mega-trend is only now really beginning.
A process of rethinking took place at the political level last year. Even though the energy turnaround has still not progressed noticeably, there is now at least a vision of what a future energy supply could look like. It is becoming increasingly clear that hydrogen will play an important role in this.
The new Fuel Cell Industry Review 2019 withmarket data and analyses was published in January 2020. Since 2014, E4tech’s team has been contacting fuel cell companies worldwide to build it, aggregating their supply figures and creating an independent annual reference point on the current state of the fuel cell industry. Some excerpts are presented below.
Freudenberg Sealing Technologies (FST) is regarded as one of the pioneers of fuel cell technology, at least in Germany. The globally active seal manufacturer is one of those automotive suppliers who see the far-reaching changes in the mobility sector as an opportunity. With the purchase of battery manufacturer XALT Energy and parts of FC supplier Elcore in 2018, the basis was laid. Claus Möhlenkamp, Chairman of the Management Board, explained to H2-international that this combination brings not only technological but also cost-specific advantages.