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After more than 50 years of experience with hydrogen, Honeywell is also banking on green hydrogen with its company Energy and Sustainability Solutions (ESS). The US conglomerate takes the entire value chain into account: from more efficient PEM electrolysis all the way to transport infrastructure.
The US is investing a lot of money in renewable energies and also in hydrogen. With the Inflation Reduction Act (IRA), the Biden administration has released large sums of money to promote sustainable technologies. Even if at least some of this is likely to be reversed under a new Trump administration, a number of states have embarked on this path and - like New Mexico - are focusing on hydrogen. HZwei spoke to Governor Michelle Lujan Grisham about this in Rotterdam in the summer of 2024.
The atmosphere was good. Not ecstatic, as was sometimes the case last year, but certainly lively. Especially in Hall 13, where the Hydrogen + Fuel Cells Europe event took place, where the aisles well filled and the babble of voices was much louder than in the other halls on the exhibition grounds. Nevertheless, the impression remains that also in the 30th year of this H2 fair, the market breakthrough is still a long time coming and will happen “in only five years,” as has been said for 20 years.
In the past, hydrogen was usually isolated from fossil fuels such as natural gas using steam reforming and stored. Ecologically more sensible is hydrogen generation through the electrolysis of water using green electricity, for example for later electricity generation in fuel cells – but this reduces the efficiency compared to other storage media and the economic efficiency suffers. Hydrogen – itself not a primary energy source – serves primarily as a secondary energy source, so as a storage medium, and can be an ideal buffer to absorb excess capacity in electricity generation (e.g. from wind and solar) and then provide it when needed.
Siemens Energy is on the right track, as the latest figures show. Although the wind subsidiary Gamesa, like before, is registering losses, all other divisions are doing well and are profitable – trend rising. That the stock market also sees it that way is shown by the share price being at times over...
The press conference in February 2024 on the fourth quarter results and the entire year 2023 and, above all, the outlook for the current fiscal year support my very optimistic assessment of this start-up. Of the 42 built Tre FCEVs, 35 were delivered in the fourth quarter. Seven are currently being...
Hyzon Motors will start production of 200‑kW modules for commercial vehicles in the USA in the second half of 2024. This should then lead to a recovery of the strongly depressed share price via incoming orders. Parallel to this are running product presentations such as the recent one in Melbourne...
The share of Cummins Engine brings joy: The share price rose to a new high for the year, after the company was able to settle a long-standing legal dispute – it was about non-compliance with emission standards for engines – with a penalty payment of 1.6 billion USD, and with that this chapter is...
The main shareholders Bosch and Weichai are already counting on the English Ceres Power and their high-temperature fuel cell systems or their patents and know-how. With the South Korean Doosan Fuel Cell there is a license agreement and the planning of a joint FC production. Now, US company Delta...
#Shares from the crypto universe and from many technology companies are currently reaching new highs. Armaments are also booming on the stock market in view of the many global, some war-like, political conflicts. Only the topic of hydrogen and fuel cells is still leading a shadowy existence, with prices at crash level, which however – still – fully obscures the prospects of sustainably produced energy, and above all of hydrogen.
Things had quietened down on the Bonhoff front. But then new information surfaced in February 2024 which prompted German transportation minister Volker Wissing to take action. On Feb. 15, he released Klaus Bonhoff, head of the policy issues department, from his duties with immediate effect and also moved a divisional head. The reason behind the decision lies in a discrepancy uncovered during an internal review undertaken by the transportation ministry, also known as the BMDV. The affair gained added force when German news magazine Der Spiegel reported on Feb. 20 that Wissing had stopped “completely the approval of hydrogen funding.” Yet in reality funding is not being axed. The ministry is merely carrying out reassessments that could lead to a delay.
The share price of Ballard Power is at an all-time low. The published figures for the fourth quarter of 2023 and the entire year 2023 paint a contradictory picture. The future prospects outlined by the board, however, give cause for optimism. Turnover rose in the fourth quarter to 46.8 million USD –...
Wind, sun and loads of expertise – these ingredients are to be used intensively in Oman to produce green hydrogen in the future. In contrast to other Gulf states, the Sultanate is making great strides in this regard. The green hydrogen is to be exported, but also used locally. First projects are underway and the infrastructure is being expanded. Experts see Oman as a promising partner for the clean energy transition in Germany.
The share price of Weichai Power has risen by almost 50 percent in the last few weeks. The reason is the partnership with BYD in the electrification of large vehicle fleets. A perfect joint venture, it seems. Weichai Power with BYD could – my guess – be pushing the door open to fuel cells, since...
The turnover in the amount of 198.7 million USD in the third quarter lay considerably below expectations, the loss per share amounts to a minus of 0.47 USD per share with the expected minus of 0.30 USD per share – in the negative sense. The loss for the first nine months of the financial year lies...
Short sellers are working massively against the company at the stock exchange. There were shortly even nearly 200 million shares sold short (on Nov. 16 still 193 million). But now, a price change upwards seems very likely. The reason could lie in the comments made at the press conference on the...
The numbers for the third quarter and the outlook promise a very exciting future for Hyzon Motors and its 200‑kW FC modules for trucks. Series production will begin in the second half of 2024. The activities will be concentrated at one location in the USA. Hyzon with its subsidiary is withdrawing...
The portfolio managed by the author with name BZVision (exchange-traded fund, BZ stands for the German term for fuel cell) on Wikifolio (www.wikifolio.com) perfectly reflects the development of fuel cell shares. After growth of over 100 percent per year in the years 2018 to 2020, the portfolio is...
My number one in this segment was and remains Bloom Energy, even if the share price, despite the recent price gains, does not come close to reflecting the prospects. In the third quarter, the turnover was able to rise nearly 37 percent to over 400 million USD. There is much to suggest that the...
The Swiss energy corporation Axpo has identified hydrogen as a field for strategic growth. The H2 production facility at Kraftwerk Reichenau – the power plant on Reichenau Island – is one of several set by run-of-the-river hydropower plants that Axpo has planned for the coming years. Because Switzerland is striving for climate neutrality by 2050. Green hydrogen is playing a central role in this – particularly to decarbonize the heavy transport sector.
Dear readers - In recent years, hydrogen has managed to move out of its niche and onto the political main stage. Not just in Germany and Europe but across the world, the energy sector is bracing itself for change as we move from the fossil fuel age to a renewable era.
That the wind subsidiary Siemens Gamesa will still cost its parent company a lot of money has been the case for a while. Too great are the problems with some wind turbine types (onshore), and integration also costs money until synergies properly take effect and cost reduction potentials can be...
My recommendation to use the temporarily very weak prices in Cummins for continued and new buys has already paid off: The share price grew from around 200 to over 255 USD. And it will continue to, even though Cummins is increasingly focusing on new markets like hydrogen (engines, electrolysis...
The press conference for the second quarter delivered a number of results that allow a very optimistic outlook for the future of the company. Ballard is positioning itself perfectly in its most important markets: buses and trucks, rail vehicles, maritime transport and stationary energy. This...
Bloom Energy was able to increase its turnover by 24 percent in the second quarter to over 301 million USD. The right growth, meanwhile, is to take place – as in every year contingent on project completions – again in the second half of the year – principally in the fourth quarter. The ratio is...
