Although the price of Weichai Power fell away steadily in recent months, it has bounced back very strongly in recent weeks by more than 35 percent. Weichai, as a leading producer of diesel engines in China, is the perfect counterpart to the American corporation Cummins, which is very aggressively expanding its hydrogen and fuel cell activities, and as such is hedging Weichai’s future strategy. For Cummins, the acquisition of Canadian firm Hydrogenics was its ticket into the world of hydrogen. For Weichai, it was its stake in Ballard Power (probably currently standing at about 15 percent) and the joint production of commercial vehicle stacks in a joint venture (51:49). (more…)
The two-part trade fair concept was particularly well received by exhibitors. In addition to the halls at the fairgrounds, the Munich city center was also used as an exhibition area. Especially suppliers in the area of fuel cell drives had new things to present. They recognize the high market potential and feel that the technology will penetrate the passenger car sector through the commercial vehicle sector. (more…)
Plug Power is benefiting from the fact that a variety of analysts view the company to be a front-runner in an American hydrogen economy in 2023/24 and one that should be very well positioned to produce green hydrogen through the development of its own electrolyzer capacity in the longer term. In nine years’ time, a revenue of USD 9 billion may even be possible. Until then, a hydrogen price of USD 1 per kilogram should be achievable, according to Evercore analyst James West. (more…)
If you read about any of the major hydrogen projects underway, you will be unable to avoid Siemens Energy. Orders like the recent ones worth EUR 700 million should be on the agenda. Even the problems with its wind power subsidiary Gamesa seem solvable because – regardless of short-term problems (price increases in raw materials and component shortages) – the market is growing strongly. Here, I would venture to suggest to the company that it integrates wind farms into existing projects and offerings via Power Purchase Agreements, or PPAs, from the outset. Then you would be able to view a wind farm from a different return perspective and margin. (more…)
On October 6th, 2021, during the Green Hydrogen Forum at The smarter E Europe Restart 2021, the German hydrogen and fuel cell association DWV (Deutscher Wasserstoff- und Brennstoffzellen-Verband) as well as Hydrogen Europe together with the European Fuel Cell Forum published “The Green Hydrogen Manifesto.” It contains twelve demands addressed to policy-makers and governments at the EU, national and regional level. The authors’ aim is to promote the role of hydrogen as the means to a circular economy and full decarbonization and to create a sustainable hydrogen and energy economy. (more…)
Host Olaf Lies, environmental minister of Niedersachsen
On October 26th, 2021, the German national association for hydrogen and fuel cells (Deutsche Wasserstoff- und Brennstoffzellenverband, DWV) celebrated its 25-year anniversary at the Vertretung Niedersachsen in Berlin and appropriately held a parliamentary evening with numerous prominent participants. A central theme was that DWV has been advocating for a sustainable hydrogen and fuel cell industry since 1996 and now also expects agreement from the new federal government on a detailed, concrete roadmap for the ramp-up of an H2 economy. (more…)
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