The dust has settled on a rally to the top and a share price that nearly tripled temporarily. Stock market experts like to call it chart consolidation and profit taking. ITM (London: ITM) was successful in raising EUR 120 million in fresh capital. Now, the British manufacturer’s market capitalization is above long-term expectations despite its bright outlook. I think investors should put this one on the watchlist, but look for other, more promising options in the meantime.
The marketing of fuel cell buses has begun: The successful completion of several showcase projects (see HZwei issues from January 2011 and 2014 and March 2017) and the conclusion of the CHIC conference in London late last year were followed this January by the launch of the Joint Initiative for Hydrogen Vehicles across Europe, or JIVE for short, and MEHRLIN
An increasing number of German cities follow the example of Hamburg and stipulate the use of only zero-emission buses in public transportation starting in 2020 – Berlin’s senate among them. The transit authorities of the German state were instructed to purchase only buses without combustion engines from 2020 to ensure that the state government can meet federal and EU climate protection goals throughout the next decade.
The conference call of Canadian-based Ballard Power Systems about the latest figures from the last quarter of 2015 – and consequentially, for all of last year – revealed some very intriguing news, comments and plans for the future. I will refrain from discussing the figures (or losses posted) and interpreting them (how the individual business fields developed). Instead, I will focus on the excellent outlook
Numerous European countries are working hard – to a greater or lesser extent – in the field of hydrogen and fuel cell technology. Since 2006, one region has been particularly active: South Tyrol. In September 2009, in Bolzano, Italy, the ground-breaking ceremony was held for the construction of the first production and distribution system for green hydrogen in the country. The site adjacent to the Bolzano South freeway exit is now home to the biggest center for hydrogen in Europe, which is operated by the Institute for Innovative Technologies (IIT) and the Brenner A22 freeway. H2-international interviewed IIT President Walter Huber about the previous, current and future activities in South Tyrol.