The new Fuel Cell Industry Review 2019 withmarket data and analyses was published in January 2020. Since 2014, E4tech’s team has been contacting fuel cell companies worldwide to build it, aggregating their supply figures and creating an independent annual reference point on the current state of the fuel cell industry. Some excerpts are presented below.
170 US dollars, a good 30 US dollars lower than I had expected (200 US dollars), marked the lowest price of Tesla’s share in the recent past, before the strong rebound to over 260 US dollars – until the disappointing figures for the second quarter of 2019 started the reverse.
This remark (“major new customers”) stuck particularly with me, because Ballard – although already on board with many top partners and large companies in research technology – expects further major new customers, according to CEO Randy MacEwen in the telephone conference on the occasion of the figures for the fourth quarter of 2018.
Hydrogenics (Nasdaq: HYGS) has a full schedule with USD 151.2 million in backlog for several types of fuel cell applications, from truck conversion kits (Scania in Norway) to bus stacks in China to H2 refueling stations and power-to-gas systems. A loss of USD 5.7 million (minus USD 0.45 per share) in the second quarter can be considered a temporary slump, as the company said that some shipments had been moved to the third. Hydrogenics intends to stick to the forecast it had published for the entire year.
A new megatrend needs time to develop. The last 15 years established the foundation for the coming breakthrough of fuel cells and a steadily growing interest in their use. Here’s why: Historically, technological revolutions often needed 15 years before a breakthrough was achieved. But once you’re past that point, everything goes very quickly, since no market actor wants to remain on the sidelines. This is exactly what’s happening to the fuel cell across all markets and applications.
Taking a look at China these days, one may wonder if we haven’t already found the solution for a sustainable future in hydrogen and fuel cells. During his June business trip to the Land of the Dragon, H2-international’s stock market analyst Sven Jösting took part in the two-day German-Chinese SME Conference in Jieyang as representative of German environmental organization B.A.U.M. In front of 800 attendees, he tried to answer the question: “Will water become what coal is today?” Afterward, he visited the industrial park Metal Eco City in the east of southern Chinese province Guangdong.
Critics of the economic incentive for electric cars have had their I-told-you-so moment for now: The “eco-bonus” has been attracting little interest so far. Within two months (from September 5th, 2016), the Federal Ministry for Economic Affairs and Export Control received a mere 3,027 applications. Registration figures, however, paint a slightly more optimistic picture of the market
Many prominent figures from politics and business showed up to the H2Mobility conference in Berlin, Germany, in order to re-assure each other of the promises they had already made. Alexander Dobrindt kicked off the event held on the premises of his government department, the Federal Ministry of Transport and Digital Infrastructure (BMVI), before the Chinese transportation minister, Wan Gang, addressed the audience.
The conference call of Canadian-based Ballard Power Systems about the latest figures from the last quarter of 2015 – and consequentially, for all of last year – revealed some very intriguing news, comments and plans for the future. I will refrain from discussing the figures (or losses posted) and interpreting them (how the individual business fields developed). Instead, I will focus on the excellent outlook
November 2015 saw the publication of the Fuel Cell Industry Review 2015, including market data and analyses for 2015. Since 2014, a team led by E4tech had contacted fuel cell companies around the globe, aggregated their supply figures and can now show the latest trends in the industry, much as Fuel Cell Today had done before its survey came to a halt. The following will present some excerpts from the review.