Umicore and Solvay, the former mother companies of SolviCore, sold their joint venture in July 2015 to Toray Industries, a chemical company based in Japan. On Jan. 1, 2016, business management was handed over to Greenerity, a 100% subsidiary of Toray. SolviCore was founded in 2006 as a specialist for membrane-electrode assemblies (MEA). The headquarters in Hanau-Wolfgang is said to be kept, as is the entire staff.
Despite the fact that the envisioned number of 800 fuel cell heating systems was not even close to have been achieved, there was a lot of praise going around when the partners of the Callux project celebrated the completion of the Field Test of Residential Fuel Cells on Nov. 26, 2015. In the Erich Klausener Hall at the Federal Ministry of Transport and Digital Infrastructure (BMVI) in Berlin, Parliamentary State Secretary Norbert Barthle
Most of his working life, Thorsten Herdan held jobs in the industry developing combustion technology. After having been elected secretary-general of the International Council on Combustion Engines, the mechanical engineer also served as chair of the Research Association for Combustion Engines for fourteen years. Since 1999, he has headed Power Systems, a sector group of the German Engineering Federation – from 2000 on, he has been responsible for Energy Policy there as well.
The German CHP Act (KWKG) has been a long-time source of subsidies for stationary units producing heat and power as efficiently as possible. Once every few years, these types of laws are revised and naturally, the revisions spark heated debates months before any political decision is made. Just in the nick of time – shortly before the end of last year – the Bundesrat finally approved the CHP Act 2016, so that it could go into effect on January 1.
An autonomous fuel cell system developed jointly by several research partners does a quiet job of converting diesel fuel into electrical energy – without the help of an engine or generator. When the project supported by the Federal Ministry for Economic Affairs and Energy reached its conclusion, the technical maturity of the system was demonstrated with success during stand-alone operation of the fuel cell stack and the power module.
Another hydrogen filling station has been brought into operation, this time in Fellbach, north-east of Stuttgart. The fifth of its kind in Baden-Wurttemberg is a multi-energy station by Total. It operates with 700 bar of filling pressure and is supplied by hydrogen generated on-site through solar and wind power. The inauguration ceremony in the presence of representatives from politics and members of the Clean Energy Partnership was held on Oct. 1, 2015.
Innovative projects are something of a tradition at Stuttgart Airport: Echterdingen is home to several fuel cell airplane models, Baden-Wurttemberg’s first public hydrogen filling station set up in 2009 and hybrid technology field tests since 1991. The most recent project involves field-testing six electrically powered buses for regular day-to-day use.
The fuel-cell companies quoted on the stock exchange have used 2015 perfectly to strengthen their market positions. These efforts have resulted in more orders, improved balance sheets, increased capital and some very important strategic collaborations as well trendsetting product developments. This lets us conclude for 2016 that probably most of these companies – if not all – will be able to become cash-flow positive or even generate sustainable profits after many years of preparing for this moment.
Ballard Power is placing a bigger focus on China, evidenced by the various agreements with Chinese companies from the field of bus manufacturing and the development of hydrogen-driven rail vehicles. According to company information, the Canadian fuel-cell manufacturer paid special attention to only collaborate with known, reputable partners, whether big or small, which enjoy their own location advantages.
Many big boys – as the leading US investment banks are called – have given Tesla an unquestionably positive rating. CEO Elon Musk understands how to polarize as well as convince analysts, but at the end of the day only hard facts count. The Credit Suisse analyst specializing in the field already expects a profit of US$ 4.00 per share for fiscal year 2016, since there had allegedly been so many orders for Model X, which would impact earnings.