Hydrogenics: Profit Taking after Being on a Roll

HyLYZER
HyLYZER® 400-30 electrolyzer, © Hydrogenics

Hydrogenics (Nasdaq: HYGS) has a full schedule with USD 151.2 million in backlog for several types of fuel cell applications, from truck conversion kits (Scania in Norway) to bus stacks in China to H2 refueling stations and power-to-gas systems. A loss of USD 5.7 million (minus USD 0.45 per share) in the second quarter can be considered a temporary slump, as the company said that some shipments had been moved to the third. Hydrogenics intends to stick to the forecast it had published for the entire year.

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Toyota Truck for Los Angeles

Toyota
Fuel cell truck equipped with H2 tanks, © Toyota

Soon, Toyota may not only be known for its fuel cell cars and buses, but for trucks as well. A new initiative called Project Portal aims to build a 36-ton truck equipped with two fuel cell stacks originally designed for the Mirai. They will be supported by a 12-kilowatt-hour battery to provide 500 kilowatts of output and 1,800 Nm of torque at a range of 320 kilometers (199 miles).

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Electric Truck Only in 2020

Hyundai’s H350 Fuel Cell Concept, Source: © Hyundai

Even at the IAA Commercial Vehicles from Sept. 22 to 29, 2016, electric transportation was talked about – albeit not very much. For example, Volkswagen presented his e-Crafter concept study, which even EU Commissioner Günther Oettinger and federal transportation minister Alexander Dobrindt paid a visit during their trade show tour. Delivery of the first units of this electric transporter with a top speed of 80 kph (50 mph) is expected for this year.

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Coop Sticks Around – Axpo Quits

Despite announcements to the contrary, the H2 project in Glattfelden in the Swiss canton of Zurich (see HZwei issue from July 2015) will deliver on its promises. At the beginning of March 2016, rumors had it that Axpo and Coop would stop their joint project. The project’s coordinator, Hansjörg Vock from H2 Energy, told H2-international that “the rumors weren’t true,” as “only Axpo had exited the project,” but had done so by mutual agreement.

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H2 Info Truck Tours Europe

H2M_H2U
© H2U, Sergio Ferraris

The Hydrogen Information Truck H2M, a tractor-trailer, began its road tour through Europe in Italy in spring 2015. The tour’s starting location on April 20 was the Italian parliament; the final destination was Paris at the end of 2015.There, the truck advertises for sustainable environmental policies during the UN Climate Conference (COP 21).

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