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Hyzon Motors – Truck orders coming from Saudi Arabia? 

Hyzon Motors – Truck orders coming from Saudi Arabia? 

by | Apr 21, 2022 | Germany

Things are happening on the analyst and investor front: BlackRock has raised its position in Hyzon Motors. Over 100 institutional investors are already involved. The largest of these is the Saudi Arabian state fund PIF, which holds over 8 million shares. Billionaire Izzy Englander named Hyzon as one of his top three picks and acquired 1.36 million shares.  (more…)

Siemens Energy – Still in the valley of tears

Siemens Energy – Still in the valley of tears

by | Apr 20, 2022 | Germany

Expected (e) wind power additions per year worldwide until 2030 , © Wood Mackenzie, Global Wind Power Market Update: Q4 2021

© Wood Mackenzie, Global Wind Power Market Update: Q4 2021

Siemens subsidiary Gamesa still doesn’t seem to be out of the woods, looking at the strong loss (minus 627 million EUR) that this company contributed to its parent (total minus of 560 million EUR). Onshore wind is considered a problem area – combined with miscalculations and supply chain issues. For this reason, there is speculation that this subsidiary will be fully integrated or restructured via a share swap, which could be implemented in, among other things, a realignment or even a split-off. A partial merger with a competitor may also be possible.  (more…)

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Plug Power expands to Europe

Plug Power expands to Europe

by | Apr 19, 2022 | Germany

Project manager Robert Zalinski presented products and site

Project manager Robert Zalinski presented products and site

The US corporation Plug Power opened its European headquarters in Duisburg, Nordrhein-Westfalen (NRW) on March 18th, 2022. The new production site of Plug Europe lies at the center of Duisburger Hafen, the world’s largest inland port. CEO Andy Marsh had really wanted to make a special trip from the United States to make the opening speech, but he was unable to because of a corona infection. Chris Suriano stepped in for him. Suriano declared, “Our local presence is very important in our key markets.” He smugly added, “We have only just begun.”  (more…)

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FC factory for Herten

FC factory for Herten

by | Apr 18, 2022 | Germany

New Cummins production site in Herten, © Cummins

© Cummins

Cummins has opened a location in Europe. On March 3rd, 2022, the US engine manufacturer put its new fuel cell factory in Herten into operation. Cummins had taken over the Hydrogenics Corp. and with it the German branch Hydrogenics GmbH in the summer of 2019, which had been located in Gladbeck and is now in the HTVG (Gesellschaft für Technologieentwicklung und Vermögensverwaltung der Stadt Herten mbH) technology development center H2Herten.  (more…)

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Hyzon Motors – Truck orders coming from Saudi Arabia? 

Back in hall 13 for Hannover Messe

by | Apr 17, 2022 | Germany

Hydrogen + Fuel Cells Europe, according to the current status, will take place May 30th to June 2nd in person on the Hannover Messe fairgrounds. There, industry representatives will be able to network in the dependable corporeal format again. That’s the assumption of Tobias Renz anyway, the organizer of this trade fair. The space booked for stands may be similar to the last time, in 2019, before the corona pandemic. Renz hopes to be able to present around 200 exhibitors once again. (more…)

Hyzon Motors – Truck orders coming from Saudi Arabia? 

H2 profits from the crisis 

by | Apr 16, 2022 | Germany

Unfortunately, it must be stated so: the global increase in the price of oil and gas or LNG, which is also fueled by Russia’s bellicose actions here in Europe, is beneficial for the ramp-up of the hydrogen economy, since at the end of the day, aside from climate and economic policy issues and price, it’s about the ensured availability and delivery of energy. So there is a winner in this crisis: hydrogen – green hydrogen.  (more…)