There were no marketing fireworks this time at the 67th International Motor Show in Frankfurt, Sept. 14 through 24, 2017. In contrast to 6 years prior, the trade show wasn’t bent on zero-emission stickers and lush green isles but focused on simple product presentations instead.
Late last November, the total number of hydrogen filling stations in Germany stood at 35, prompting a statement from NOW that the expansion of the refueling grid was making significant progress. Rhineland-Palatinate’s first public hydrogen station, which had received around EUR 900,000 from the federal transportation ministry, had just been inaugurated in Koblenz
The dust has settled on a rally to the top and a share price that nearly tripled temporarily. Stock market experts like to call it chart consolidation and profit taking. ITM (London: ITM) was successful in raising EUR 120 million in fresh capital. Now, the British manufacturer’s market capitalization is above long-term expectations despite its bright outlook. I think investors should put this one on the watchlist, but look for other, more promising options in the meantime.
Proponents of hydrogen and fuel cell solutions had something to look forward to at COP23, the 23rd UN climate conference, which took place in Bonn, Germany, Nov. 6 through 17 last year. Until the beginning of December, the Deutsches Museum featured a special exhibition on “Hydrogen – The unlimited energy source,” supported by the Hydrogeit Verlag publishing house. Additionally, some of the buses transporting attendees around the grounds during the summit were CleanShuttle battery, hydrogen and hybrid versions from all over Germany.
During a first market analysis several years ago, Professor Birgit Scheppat from RheinMain University conducted extensive tests and evaluations of fuel cell stacks available at the time (see October 2010 issue of German-language magazine HZwei). On behalf of Hessen Agentur and in collaboration with the H2BZ initiative, she examined which challenges customers face
H2-international has recently asked manufacturers of fuel cell stacks not only about their systems’ technical specifications, but also about their opinion of current market developments. As only seven companies participated in the survey, the results may not be very indicative of where the entire market is heading. However, you can discern a few trends.
Buyers of “kraftwerk” fuel cell chargers may have to wait a little longer still. The manufacturer of the devices, eZelleron, cited an ongoing legal dispute about trademark rights and intellectual property as the reason for having to postpone shipments even further. Sascha Kühn, CEO of eZelleron, told H2-international that he would like to provide more details on the situation, but the charges which Kraftwerk, an electronic music band, had brought against the company just 5 days after its crowdfunding campaign ended
By now, it should be glaringly obvious that times are changing: Mercedes-Benz is exiting the German Touring Car Championship and entering the Formula E in 2019, alongside Audi, BMW and Porsche. Electricity is also increasingly driving Formula 1. The fossil fuel to electric power transition is in full throttle. Technologies that used to be visions (see also Eco-marathon) are becoming reality.
ITM Power (London: ITM) based in the UK was able to increase bookings by GBP 4.87 million to GBP 23.54 million. Projects for which contracts should be awarded soon have a combined value of GBP 16.67 million, so that the expected backlog is at around GBP 40 million. An intriguing product development is ITM’s recent showcase of a 50-megawatt electrolyzer design at the Las Vegas trade show SPI. It reportedly made it possible to produce 20 tons of hydrogen per day.
The current standard in all things transportation is China. It makes policy with which even automakers in Germany need to comply if they want to keep their foot in the door. Air pollution in many large Chinese cities is so high that politicians have been forced to take drastic measures. It is the reason why the government is providing massive amounts of subsidies to promote electric transportation, which has led to half of all electric vehicles worldwide being manufactured in China – and driven there as well.