Investment bank J. P. Morgan’s analyst meeting with KR Sridhar, Bloom Energy’s chief executive, on May 26 revealed bright prospects for the company. When one analyst asked by how much Bloom wants to grow in the near future – if it aims for a rate of 20 percent to 25 percent annually – Sridhar replied the target is rather 30 percent a year over a long period of time. He based his assessment on an analysis of the company’s advanced technology, IP portfolio, markets and applications, as well as its competitive position, expertise and experience.
Two years ago, the interest of German truck manufacturers and freight forwarders in fuel cells was extremely low. It’s different today. Almost all logistics companies are now in some way concerned with the question of what fuel their vehicles will be powered by in the future.
While hydrogen in the maritime sector has only ever been treated as an option for the future under “far away” for years, not only the events at which this energy source is the subject of lively debate are currently on the increase, but also the reports on concrete projects. More and more shipping companies are turning to hydrogen because the pressure to say goodbye to fossil solutions is growing from all sides.
The transportation sector is moving forward again: After a years-long debate and much reporting about fuel cell use in passenger cars, a breath of new life has been given to maritime, railroad and aviation applications. Especially many of the stakeholders in the maritime industry see great market potential for fuel cell units, as environmental regulations are gradually putting pressure on the oft-used diesel technology.