Climate change is very unpleasant. But it also becomes uncomfortable to do something about climate change. In Germany, the Coal Commission was formed with the task of conceiving and planning the phase-out of coal. It can last up to twenty years, it’s been agreed. The affected regions painfully fast, and the climate protectors unbearably long. Germany’s withdrawal from coal is not enough for global climate protection. Around 1,300 new coal-fired power plants are currently being built or planned worldwide. And 90 percent of all new coal-fired power plants are built in developing countries. Those who understand these figures will think that the game against climate change has long since been lost.
Prof. Volker Quaschning has been drawing attention to the climate problem for months with many public contributions and actively supports the Fridays-for-Future-Kids by, for example, setting up the Scientists-for-Future group and thus providing scientific support for the youth movement. In mid-August, he published a fact check on the question: Which car has the best climate balance? In this context, he also pursued the thesis that it would be better to rely on the fuel cell car rather than the battery car for climate protection.
For years there has been a discrepancy in the hydrogen sector between North America and Europe: Over on the other side of the Atlantic, fuel cell-powered industrial trucks are enjoying great popularity, while their number in Germany is more in keeping with homoeopathic doses.
Similar to Tesla years ago, completely new players are now entering the market in the fuel cell sector, with the potential to mess up the previous business of vehicle manufacturers. In May 2019, the Chinese start-up Grove Hydrogen Automotive Co., Ltd. presented itself to the public for the first time after three years of preparation.
I’m a hydronaut. No, that’s not a term for an underwater astronaut, but a term Honda uses to describe me, as one of their Clarity Fuel Cell electric vehicle (FCEV) drivers on California’s road today. Between three automakers (Honda, Toyota, Hyundai) there are now over 7,000 (Aug 1, 2019) FCEV’s on the road.
The surprising takeover of the Canadian competitor Hydrogenics will also have a positive impact on Ballard Power’s stock market valuation: Both companies have been frontrunners in FC development for many years. Their activities overlap in rail vehicles and trucks. They are both absolutely tops: Hydrogenics with Alstom and Ballard with CRRC and Siemens. Ballard also has many other activities in the major markets of the future, such as the use of fuel cells in drones.
The topic of hydrogen and fuel cells is also becoming increasingly hotly debated on the stock exchange. The takeover of Hydrogenics, the Canadian frontrunner in fuel cell systems for trucks and rail vehicles as well as for electrolysers, by the US company Cummins Engine, should make people sit up and even trigger a wave of further takeovers or participations of listed companies in the industry.
The reports are coming thick and fast: Chinese companies and some provinces are planning to initially invest US$17 billion in hydrogen technology. A master plan already provides for 1 million FC vehicles on the country’s roads in 2030.
Plug Power has now acquired the Canadian company EnergyOr, which claims to have a leading technology in hydrogen powered drones and robotic systems.
If you hold this H2-international issue in your hands, we will know how FuelCell Energy will continue – whether it will continue: Chapter 11 (US insolvency) or reorganisation. What has happened? Enormous amounts of shares were traded daily by FuelCell Energy – on some days up to 150 million (computer arbitrage programs?). These were felt more than there actually are (reason: Conversion of preference shares). The interim price gain resembled an explosion, as there were even short-term prices of 1.00 US-$, while the price days before was still 0.13 US-$ (all, of course, under the aspect of the 12:1 reverse split).