“Germany will not be able to circumvent the provision of further funding.” This decisive pronouncement from Chancellor Dr. Angela Merkel reflects the dilemma in which the German federal government currently finds itself: for budgetary reasons and due to frequently repeated refusals, direct funding in the form of a buyer’s premium has been ruled out – and yet without funding, it is unlikely that the self-defined goal of one million electric vehicles will be
Since 1st July 2015, Dr. Rainer Seele has been the new Board Chairman and Managing Director of the incorporated company OMV. As reported by the supervisory board of OMV AG, Seele was given a three-year contract with the option of extension for another two years. Seele, who is married and the father of three grown-up children, is following in the footsteps of Gerhard Roiss, who – as reported by the Austrian gas and oil company – left the company on 30th June 2015 on the basis of mutual agreement.
To gain further influence in the different interests in the energy sector, two associations in the gas industry have entered into a strategic cooperation: the Deutsche Verein des Gas- und Wasserfaches (German Gas and Water Association / DVGW) and the Arbeitsgemeinschaft für sparsamen und umweltfreundlichen Energieverbrauch (Working Group for Energy Conservation and Environmentally Friendly Energy Use / ASUE). On 29th May 2015, the Chairman of the Board of the DVGW, Prof. Dr. Gerald Linke, and President of the ASUE, Dr. Ludwig Möhring, signed an appropriate agreement in Berlin. Its primary goals are
Eight companies that won a public competition for funds to build hydrogen fueling stations in California are scrambling this summer to meet an October 31, 2015, target date for opening their stations, with at least $4.5 million at stake. The California Energy Commission (CEC) awarded $46.6 million in 2014 for 28 stations and a mobile refueler. A start-up, FirstElement Fuel, won financing for 19, but there were seven other winners. CEC funding will pay 85% of station costs, but only if stations come on line before November 1, 2015. The subsidy goes to 75% November 2015 through February 2016, and to 70% thereafter.
Tesla (TSLA, US$245.00) has many friends in the offices of major banks and leading broking firms on the stock exchange. This is not only expressed in the market price, and especially the strong price increases in recent weeks (over 20%), but in many favorable comments and classifications. At the same time, there has been heavy speculation on falling prices when one looks at the number of short-sold shares (short interest) which is hovering around 24 million shares – with approx. 95 million shares which can be traded freely (approx. 124 million shares are outstanding).
Recently, the announcement of a new, high performance battery with the name PowerWall has recently caused a stir and resulted in strongly
Hydrogenics (HYGS, US$9.50) already has that which Ballard is planning with Chinese firm CSR in the bag: the company is providing Alstom with FC technology for use in trains. Order value: minimum of US$50m. over a time frame of ten years.
In early May 2015, the company was also able to report a technological breakthrough with the presentation of the most powerful
FuelCell Energy (FCEL, US-$ 1,20) has reported a wide range of orders and technological breakthroughs. At the 2015 Hanover trade show, the biggest fuel cell in the world was presented (4.5 m. long), with an output of 400 kW. The company sees itself to be well on the way to be able to construct innovative, high performance complete FC systems for large scale use (universities, industry, hospitals, and much more) in order to be able to produce clean electricity very efficiently and to put the waste heat to use as well. With the partners O & G Industries and CT Energy + Technologies, an order was gained from the US city/municipal authority Beacon Falls in Connecticut for a 63-MW-FC power plant, which according to the company will be the biggest of its kind in the world when it is complete. It proved possible
At first glance, the figures for the first quarter of 2015 turned out to be disappointing: a loss of US$11.1m. with a turnover of US$9.4m. (+ 69% compared with the same quarter in the previous year). However, Plug Power (PLUG, US$2.65) has also succeeded in generating an orders backlog of US$160m. (US$46m. in the 1st quarter, goal for this year: US$200m.). 265 GenDrive systems have been accounted for, while the accounting for a further 419 has been delayed to the second quarter. One H2 filling station has been accounted for while seven are to begin their duties in the second quarter (2014: 10 H2 filling station installation, there are to be more than 15 in 2015). As stated by the executive team during the telephone conference, the turnover is set to
At first glance, the figures from some of the North American fuel cell companies by the end of March 2015 have proved to be disappointing. The reason that Ballard Power, Hydrogenics and Plug Power have come up with figures which failed to correspond to expectations are the high quarterly variations in relation to the accounting of orders which are complete as well as ones which are still being processed and settled. On the second glance
On 12th June 2015, the 20th meeting of the members of the German Association for Hydrogen and Fuel Cells [Deutscher Wasserstoff- und Brennstoffzellen-Verband e.V.] (DWV) took place in Hamburg. This year there were no elections to the executive board. Instead, Werner Diwald, who has been acting Chairman since 2014, explained the modernization steps within the association that are currently ongoing. Diwald, who is also the full-time Managing Director of ENCON.Europe, explained