It may well be the case that Plug Power has itself triggered the fall in the price of its shares that occurred in recent weeks, as described in detail and substantiated by a report (Seeking Alpha dating from 2.9.2015). In detail: 1. The takeover of HyPulsion, the European joint venture with Air Liquide for US-$ 11.5 m. was settled in shares (6.4 m. units due to the fall in the share price instead of the originally planned 4.8 m. shares), whereby it had already been made clear that the Air Liquide subsidiary, Axane SA, would register these shares and sell them on the stock exchange. Plug would have been better off paying the US-$ 11.5 m.
Looking at the share prices for fuel cell companies that are being traded on the stock exchange right now, one could be forgiven for thinking that a crash had just taken place. It is as if the technical breakthroughs in the further development of the fuel cells had never taken place, and as though the production, storage and use of hydrogen had zero chance of achieving any success. Yet in fact, the opposite is the case. Right now we are at the start of a new mega trend, and in 2015,
Until recently, fuel cells have been of little importance in rail transport. This spring, however, the company CSR Qingdao Sifang Co., Ltd., which is based in eastern China, presented a tram which is driven with hydrogen. The new H2 tram, which features a fuel cell system from Ballard, left the production line in the port city of Qingdao
Numerous European countries are working hard – to a greater or lesser extent – in the field of hydrogen and fuel cell technology. Since 2006, one region has been particularly active: South Tyrol. In September 2009, in Bolzano, Italy, the ground-breaking ceremony was held for the construction of the first production and distribution system for green hydrogen in the country. The site adjacent to the Bolzano South freeway exit is now home to the biggest center for hydrogen in Europe, which is operated by the Institute for Innovative Technologies (IIT) and the Brenner A22 freeway. H2-international interviewed IIT President Walter Huber about the previous, current and future activities in South Tyrol.
On 21st May 2015, the first hydrogen filling station opened in Tyrol, Austria. The new station, on the Andechsstrasse in Innsbruck, is situated on one of the most important transit routes in Europe and is part of an existing OMV crude oil filling station at which it will be possible to refuel six fuel cell cars per hour with hydrogen in the future. On the occasion of the official opening, Austrian State Minister Patrizia Zoller-Frischauf made the following comment: “As a heavily used transit country which has to deal with CO2, particulate and noise pollution, we view an emissions-free
In Switzerland, the initial trials for the development of an infrastructure for fuel cell vehicles are now underway. At the start of April 2015, a consortium of companies announced that the first public hydrogen filling station is to be built in early 2016. The fuel to be used there is to be produced sustainably using hydroelectric power. For this purpose, the energy services group Axpo, one of the biggest producers of renewable energy in the Alpine state, is planning to construct an electrolyzer directly adjacent to one of its existing run-of-the-river power plants. The hydrogen
As part of the 50 H2 stations by 2015 program, on 4th May 2015, the first hydrogen filling station to be situated on a German freeway was opened. The Clean Energy Partnership (CEP) officially opened the facility, which is situated at the Geiselwind truck stop, in the presence of the Parliamentary State Secretary in the Federal Ministry for Transportation and Digital Infrastructure, Dorothee Bär. The station
The Fuel Cells Working Group in the German Engineering Federation (VDMA) has presented its new Fuel Cell Business Survey. To gather the latest data, the working group completed a survey of approximately 60 members and calculated representative figures on the basis of 40 substantial answers. According to the comments made by the director of the working group Johannes Schiel, “2014 didn’t go so well”. The turnover in the fuel cells industry in Germany with commercially available FC heating devices and power supply systems in 2014 was only a moderate EUR 70 million, after EUR 50 million in 2013. As, according to Schiel, these figures correspond
So that additional FC heating devices go into use throughout Europe, work is currently underway on a successor program to the currently existing ene.field project. Its goal is to achieve a further reduction in the costs of micro-CHP units (of approx. 30%). The new program aims to constitute the second demonstration step for manufacturers of all types of FC. To this end, financial resources in total of approx. EUR 30 to 40 m. might be provided by the EU so that every manufacturer is able to
“Stationary fuel cells in Europe are on the threshold of a commercial market launch.” This finding in the study by Roland Berger Strategy Consultants implies that the market launch of FC heating devices is yet to take place. So that a commercialization can take place, according to the analysis on the status of stationary fuel cell technology in Europe, “support by the state is required in the initial phase”.
In the scope of the study commissioned by the Fuel Cells and Hydrogen Joint Undertaking (FCH JU), the authors considered different types of stationary fuel cells in differing output ranges and areas of use, and ascertained that in Europe