ITM Power: New to the Market

Shell
Shell station by ITM Power in the UK, © ITM

ITM Power (NASDAQ: ITMPF) is the first R&D fuel cell business from the UK making the jump onto the British stock exchange. ITM manufacturers power-to-gas systems, H2 filling stations and electrolyzers. Currently, it is working on a module-based electrolyzer that could allow for combinations offering up to 100 MW capacity.

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Electrolyzer Manufacturers Stake Their Claims

M-Series
M Series, © Proton OnSite

There has been quite an interest in energy storage recently. And as ever more power-to-gas systems have been popping up all over Germany, project planners are increasingly turning their attention to the key elements found on-site: electrolyzers. These electrochemical units to create hydrogen have been around for a long time.

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Hydrogenics Amasses Order Bookings

Despite a higher-than-expected net loss of USD 1.9 million in the third quarter and only USD 6.7 million in revenue – down 30 percent from the same period the year prior – Hydrogenics could report a record USD 106.2 million in order bookings, of which USD 30 million should be realized within the next 12 months. One of the customers that had placed new orders was E.ON, and the integration of fuel cell stacks with trains and streetcars in collaboration with Alstom is turning out to be a success.

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Three New Board Members at Hydrogen Europe

The changes on the Hydrogen Europe board are not over yet. At the assembly in Brussels on Nov. 24, 2016, the association’s members elected Nils Aldag from sunfire as energy chair, Denis Thomas from Hydrogenics as membership and joint undertaking commitment chair and Werner Diwald from the DWV as association pillar chair. Aldag replaced Katharina Beumelburg from Siemens and Thomas succeeded Thomas Melczer, who used to work at Proton Motor

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Ballard Steps on the Gas

FCveloCity
Fuel cell bus with FCveloCity module, © Ballard

After the second-quarter figures from Ballard Power Systems came in at the end of June, there were several good news that underline which huge potential the Canadian fuel cell manufacturer can tap in China and Japan. The share price jumped more than 60 percent. The most recent business Ballard won over as a partner was Chinese Broad-Ocean. The corporation boasts an annual production of more than 50 million motors worldwide and supplies several top-notch carmakers

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Hydrogenics, Alstom and H2 Trains

wallstreet
Historical prices from June 15, 2016 © wallstreet-online.de

If one takes into account order bookings, collaborations, product developments and prospective markets, buying shares of fuel cell companies looks ever more promising. But the capitalization of the market leaders in fuel cells described in this article amount to a mere USD 750 million – a stark contrast to Tesla, the electric car pioneer, which has a market cap of USD 34 billion. These companies may very well get closer over the coming years, if Tesla gradually loses in value while fuel cell shares increase considerably in price.

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2016 – The Year After Break-Even

fuel-cell-shares
© www.wallstreet-online.de

The fuel-cell companies quoted on the stock exchange have used 2015 perfectly to strengthen their market positions. These efforts have resulted in more orders, improved balance sheets, increased capital and some very important strategic collaborations as well trendsetting product developments. This lets us conclude for 2016 that probably most of these companies – if not all – will be able to become cash-flow positive or even generate sustainable profits after many years of preparing for this moment.

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WindGas Project in Hamburg-Reitbrook in Operation

HH-Reitbrook-PtG-webHamburg-Reitbrook is home to what many consider an extremely compact and efficient Power-to-Gas plant: the WindGas system. It was inaugurated on Oct. 15, 2015, after being set up by a company consortium during a three-year preparation period under the auspices of an NIP subsidy project. Both Hamburg’s First Mayor, Olaf Scholz, and the Parliamentary State Secretary of the Ministry of Transport, Norbert Barthle, were missing during the ceremony despite an announcement to the contrary

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Tipping Point is Reached in the Development of FCs

Hydrogenics-electrolyzer
PEM-electrolyzer in a container
(Source: Hydrogenics)

Looking at the share prices for fuel cell companies that are being traded on the stock exchange right now, one could be forgiven for thinking that a crash had just taken place. It is as if the technical breakthroughs in the further development of the fuel cells had never taken place, and as though the production, storage and use of hydrogen had zero chance of achieving any success. Yet in fact, the opposite is the case. Right now we are at the start of a new mega trend, and in 2015,

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Alstom and Ballard approach the railroads

FCvelocity-Ballard
FCvelocity® (Source: Ballard)

Until recently, fuel cells have been of little importance in rail transport. This spring, however, the company CSR Qingdao Sifang Co., Ltd., which is based in eastern China, presented a tram which is driven with hydrogen. The new H2 tram, which features a fuel cell system from Ballard, left the production line in the port city of Qingdao

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