The
surprising takeover of the Canadian competitor Hydrogenics will also
have a positive impact on Ballard Power’s stock market valuation:
Both companies have been frontrunners in FC development for many
years. Their activities overlap in rail vehicles and trucks. They are
both absolutely tops: Hydrogenics with Alstom and Ballard with CRRC
and Siemens. Ballard also has many other activities in the major
markets of the future, such as the use of fuel cells in drones.
The success story of fuel cell trains to date is currently undergoing a severe setback: As the Kieler Nachrichten (news) recently reported, electric trains could roll through Schleswig-Holstein from 2022, but they are likely to be equipped with accumulators for energy storage and not with hydrogen.
Canadian producer Hydrogenics (Nasdqaq: HYGS) and British manufacturer ITM Power (London: ITM) aren’t entirely comparable, but they use similar technologies. There are some commonalities in the form of power-to-gas projects, hydrogen stations and powerful electrolyzers to generate the gas. Their market caps aren’t as far apart as I would expect based on the number and contract value of bookings. Both stocks have experienced severe price drops. (more…)
The new head of Alstom Germany, Jörg Nikutta giving one of many interviews
Fuel cell offerings for rolling stock are gaining traction these days. The number of regions debating investments in fuel cell trains is steadily growing. During a Nov. 9 press conference last year, Alstom – Europe’s only supplier of rolling stock powered by the technology – held a press conference in Wolfsburg to boost demand even further. (more…)
On Sept. 1, 2017, Jörg Nikutta became responsible for Alstom’s operations in Austria and Germany. The same day, he was also appointed spokesman for the board of management at Alstom Transport Deutschland. Nikutta used to work at Deutsche Bahn and now follows in the footsteps of Didier Pfleger, who has since been in charge of Alstom’s Middle East business.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.