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.
Hamburg-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
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,
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
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
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