H2 Energy, a Swiss corporation based in the Glattpark industrial area in Opfikon, near Zurich, is gradually expanding its reach. CEO Philipp Dietrich said that the company would now concentrate its efforts on the German market. In mid-January, it formed a joint venture with Global Automotive Partners. Reportedly, the new business, called H2 Energy Deutschland, will sell renewable hydrogen produced in Pliening
The Trump government’s move toward fossil fuels has intensified in the fourth quarter. The Energy Information Center is primarily intended for power plants that are to receive a certain electricity price in order to be able to guarantee base load protection. The Environmental Protection Agency (EPA) is committed to revamping and eliminating the clean power plan.
FuelCell Energy’s stock went into free fall: Within a few days, the company’s shares had lost half of their value. Management didn’t even see the need to comment on the price drop for some time. On Dec.1, 2016, the Canadian business finally broke its silence and announced in a business update that it was letting go staff to adapt to new and lower projections of annual megawatt power closer to 25 than 50 MW. The move is reported to cut costs by USD 6 million each year.
At first glance, the figures for the first quarter of 2015 turned out to be disappointing: a loss of US$11.1m. with a turnover of US$9.4m. (+ 69% compared with the same quarter in the previous year). However, Plug Power (PLUG, US$2.65) has also succeeded in generating an orders backlog of US$160m. (US$46m. in the 1st quarter, goal for this year: US$200m.). 265 GenDrive systems have been accounted for, while the accounting for a further 419 has been delayed to the second quarter. One H2 filling station has been accounted for while seven are to begin their duties in the second quarter (2014: 10 H2 filling station installation, there are to be more than 15 in 2015). As stated by the executive team during the telephone conference, the turnover is set to