The presentation of the results of the H2IntraDrive project was not a sales event or press conference – it was both. On Nov. 23, 2015, the project partners as well as representatives of prospective new partners and some reporters gathered in the BMW factory in Leipzig to take a look at the results of two years of development. The important thing to take away from the event was:
OWI Oel-Waerme-Institut underwent business restructuring at the end of 2015: Since Nov. 17, 2015, the RWTH Aachen affiliate has had a new parent company in Tec4Fuels. The new and sole head of the business venture is David Diarra. The engineer has been a long-time employee of OWI and had shared management of the company with Dr. Klaus Lucka until last October. Lucka had been OWI’s CEO for 15 years and is now a managing partner of Tec4Fuels. The other partner of Tec4Fuels is the Institute for Heating and Oil Technology.
The heart of PEM fuel cells is the membrane electrode assembly (MEA), which has so far been produced by using only polymer electrolyte membranes. The manufacture of these membranes, however, is highly complex and expensive, limiting MEA production to a few companies around the globe. An innovative method discovered by researchers from the Department of Microsystems Technology (IMTEK) at the University of Freiburg makes the membrane process technology obsolete
On Oct. 1, 2015, Alexandra Ernst became the CFO of the German Technical and Scientific Association for Gas and Water (DVGW). The association’s executive board had decided in a special session in Bonn on creating this new post, making the economist born in Recklinghausen the second salaried executive besides Professor Dr. Gerald Linke. The main responsibility of Ernst, who had been CEO of juwi Service & Solutions between January 2013 and January 2015, will be the commercial as well as the product and service-related management of the DVGW Group.
A ferry over the Rhine has for many years been the link between Rüdesheim and Bingen, a cross-over between the federal German states of Hesse and Rhineland-Palatinate. The car ferry is highly frequented: both by local tourism and by commuters who want to get to Ingelheim and Mainz, but also into the other direction to Wiesbaden and the Frankfurt area, including its adjacent communities.
Japan’s federal R,D&D budget for the 2016 fiscal year, which starts April 1, 2016, is 37.1 billion yen (285 million Euro), according to a recent report from Technova, a Japanese advanced technology consultancy. The total includes continuing support for the successful Ene-Farm residential fuel cell program, which will support an estimated 50,000 residential installations this year.
Whichever enterprise figure is in the focus of the stock market, it will become the basis for share price development: With around US$ 31.5 million in the third quarter, Plug did deliver the expected turnover revenue, but had to continue posting a loss that the stock market took as a negative sign (expressed in US cents per share).
To free FuelCell Energy from the shackles of “penny stock life,” the company based in Danbury, Connecticut, took the radical step of merging its shares (reversal stock split) at a ratio of 12:1, effective from Dec. 4, 2015 (see graph). Considering the organization’s more than 300 million outstanding shares (more to say, 475 million fully diluted ones, and 40 million after the split), this move was to be expected: The company was running the risk of being dropped from Nasdaq
The US Department of Energy intended to issue a Funding Opportunity Announcement (FOA) early in December 2015 offering up to $ 35 million over several years for various research, demonstration and analytical topics. Most of the effort is focused on hydrogen station cost reduction and improvements in fuel cell performance and durability. The projects would take place over one to five years; with multiple winners contemplated in each area of interest
The World of Energy Solutions (WES) is slowly turning into a battery-only exhibition. The event, whose most recent instalment took place in Stuttgart from Oct. 12 to 14, 2015, was originally launched as the regional fuel cell conference f-cell. Fifteen years ago, a small number of hydrogen and fuel cell experts met in the House of Economy in Stuttgart to talk about their research at test labs and workshops. The conference was accompanied by a small exhibition showcasing products of businesses mostly based in Germany’s Swabia region.