Fuel cell stocks on the move

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© www.wallstreet-online.com

Every day, more and more encouraging stories are popping up on news tickers, saying that companies, cities, towns and entire unions of countries, such as the EU, want to step on the gas in terms of climate action, with hydrogen definitely playing a crucial role in their efforts. While people are still sparring over what production method we should focus on, I am sure green hydrogen will win out in the end. Though we may need some of that blue gas to get to green.

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Bloom Energy – Explosive news from South Korea?

Bloom Energy performed strongly in recent months, rising from USD 10 to over USD 19 until it was time for profit-taking. As expected, the stock is beginning to catch up to other fuel cell shares. Plus, Bloom [NYSE: BE] has formed a joint venture with Samsung Heavy Industries to come up with SOFC solutions for cargo vessels and tankers. The venture is regarded as a research partnership aimed at developing technologies Bloom wants to bring to market starting in 2022, with yearly production capacities of 300 megawatts.

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Plug Power buys Giner ELX and United Hydrogen

Plug Power stock is resilient. On the plus side, Plug [Nasdaq: PLUG] completed its USD 123 million acquisition of Giner ELX and United. It will allow the company to not only produce hydrogen but also start making electrolyzers. As I often noted, this kind of deal would be needed for an upward trend in Plug’s price. Moreover, the fuel cell supplier announced that it had received several sizeable orders, including a recent one from a new UK customer, Asda, a Walmart subsidiary.

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Ballard and the ingredients to a perfect success story

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FCmove-system, © Ballard

Recent high volumes of trading saw Ballard Power stock shoot past USD 21 at one point. Subsequent profit-taking then caused the price to fall again. I would say this kind of correction is not unusual during an upward trend and gives investors another opportunity to (re)purchase shares.

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How fuel cell membranes degrade

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Test setup, © Fraunhofer ISE

Understanding how the presence of cations causes polymer electrolyte membranes to degrade is important to advancing PEM research. Fraunhofer ISE has been focused on analyzing various types of cations for their impact on perfluorosulfonic acid (PFSA) membranes. This analysis is significant in understanding the catalytic effect individual cations have on forming radicals that attack PFSA polymers. How chemical stable these polymers are was investigated using Fenton’s reaction.

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Hydrogen-exporting countries vie for top spot

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Anja Karliczek, © Hans-Joachim Rickel, BMBF

A key objective in Germany’s hydrogen strategy is to create international partnerships with green hydrogen exporters. To this end, Gerd Müller, the German minister for international development, recently signed a cooperation agreement with one of the Maghreb countries, announcing: “Together with Morocco, we are developing the first industrial system to generate green hydrogen in Africa.

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To each their own hydrogen strategy

Zukunftspakt

Once again, the two major German political parties lock horns over the national hydrogen strategy, increasing pressure on the governing coalition to decide before the summer recess. In early May, twelve MPs from the Christian Democrats (CDU/CSU) circulated a statement demanding a rapid escalation in renewable hydrogen facilities and calling for new partnerships with African countries.
Hot on the CDU’s heels, the Social Democrats (SPD) issued their version, pressing for a more ambitious hydrogen strategy and faster capacity additions.

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