As previously announced (see H2-international, August 2020), Daimler Truck and the Volvo Group have embarked upon a joint venture in which each company holds a 50 percent ownership stake. At the beginning of March 2021, the two organizations announced that the company formerly trading as Daimler Truck Fuel Cell GmbH & Co. KG had been renamed cellcentric GmbH & Co. KG.
FuelCell Energy’s quarterly results weren’t the reason for the year-end price surge from around USD 2 to over USD 11. At times, more than 200 million trades were concluded in one day, which exceeds the total shares outstanding. I believe we’re witnessing the impact of high-frequency or day trades or swarm-like investor activity via, e.g., Robinhood. Right before the rally, Heights Capital Management reported the purchase of 19 million FuelCell shares, giving the private equity firm a 6.7 percent stake in the fuel cell business.
Thinking sustainably about energy and agriculture
What a year we’ve had. Rarely has so much, in such a short time, changed in the energy sector, particularly for the hydrogen industry. For starters, we have witnessed the arrival of a national hydrogen strategy, council and office, a European Green Deal, a European Clean Hydrogen Alliance, RED II and the IPCEI Hydrogen, as well as revisions to the German EEG.
VDMA study analyzes fuel cell vehicle market
Starting in 2030, fuel cells will be making significant inroads in the passenger car, commercial vehicle and heavy equipment markets. Their importance, as well as the required hydrogen infrastructure, will grow steadily in the coming years, mainly thanks to heavy-duty applications. By 2040, the technology will power 12 percent of all vehicles sold in those markets, creating 68,000 new jobs in Europe in the process. These are the key takeaways from “Engine of change – Fuel cells’ impact on the machinery and industrial equipment industry and its suppliers,” a study conducted by FEV Consulting for Germany’s national engineering federation VDMA. Unlike battery-electric motors, fuel cells have quite a lot in common with internal combustion engines when it comes to production and supply chains, a boon to traditional automakers and machinery manufacturers.
Like other industries, the energy sector has seen events being postponed or cancelled, making it difficult if not impossible to unveil new products, attend discussion panels and meet new people. But the partial lockdown has also opened up some new opportunities. Thanks to greater digitalization, online product presentations can still reach a global audience, face-to-face meetings are being replaced with webinars and video conferences, and phone calls have become an even more important means to stay in touch. Additionally, fewer commutes and business trips leave more time for other things and help reduce environmentally harmful emissions.
Who can make the most of hydrogen and fuel cells? This question seems to have sparked a fierce competition between several German government ministries since late 2019 as they are vying with each other for control over the debate. Their tug-of-war began spreading through the political landscape when hydrogen became an issue to campaign on early this year, prior to the Hamburg state elections. Although the Christian Democrats were the ones who actively promoted the technology for a while, public opinion seems to have shifted in favor of what the Social Democrats are planning to do with it.
2017 is the first year Deutsche Messe and Tobias Renz Fair, the organizer of the annual joint Hydrogen + Fuel Cells + Batteries booth in Hanover, Germany, will manage a stateside group exhibit called Hydrogen + Fuel Cells North America, the US counterpart of Germany’s industry meeting. From Sept. 10 through 13, the most important solar trade show and the largest energy storage event in North America – Solar Power International boasting 700 exhibitors and 20,000 attendees and Energy Storage International, respectively – will run in parallel at the Mandalay Bay Convention Center in Las Vegas.
Ten years ago, Hydrogeit Verlag printed its first issue of the HZwei magazine – the German counterpart of H2-international. Entitled “H2Tec” in 2000, the Magazine for Hydrogen and Fuel Cells had been published for six years prior under SunMedia before the people responsible for it intended to go their separate ways – because the industry hadn’t advanced as quickly as they had expected.
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
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