February 2023
Germany-speed for hydrogen - not only for LNG terminals
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News
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Germany-speed for hydrogen – not only for LNG terminals It’s now become apparent to most market observers that the energy supply in Germany and Europe is going to fundamentally change. Instead of fossil fuels it’ll be up to renewable energy sources to keep the economy and society moving. Given what we know today, hydrogen will be paramount to this transformation process since there’s no … Read more |
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US transport company Uber is currently setting up a fleet of up to 200 hydrogen cars in Berlin. The first automobiles have been giving rides in the German capital since fall 2022, though the Toyota Mirai 2 vehicles were provided not by Uber but by the SafeDriver Group, which is the prime contractor for Germany. The goal … Read more |
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At the beginning of December 2022, Siqens appointed a new chief executive officer. Thomas Klaue made the move into management from the company’s advisory council where since 2019 he had represented the interests of Siqens’ founders. Klaue has relevant experience of capital market areas and has been working in various leadership posts at a range of … Read more |
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New internet platform to exchange H2 knowledge An interesting approach to furthering hydrogen education and the sharing of ideas is being taken by the startup Hyfindr. During the Hydrogen Technology Expo Europe in Bremen (see p. 9) mid-October 2022, the young company presented its new concept publicly for the first time: an internet platform with the goal of using the expertise of professionals … Read more |
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For many years Swedish company myFC repeatedly made headlines with its specialist fuel cell applications – ranging from fuel cell systems for cell phones to electrically powered bicycles. In fall 2022 the disclosure was made that the company, which has been listed on the Nasdaq First North Growth Market since 2014, had filed for insolvency … Read more |
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Potential for 1,000 billion USD annually Investors at the stock exchange are betting on good instincts regarding companies, industrial branches and, above all, those shares that in the future will determine development and have an above-average growth. These companies must and should be excellent at earning money, which is a clearly defined criterion for an increase in stock market valuation. In … Read more |
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Bloom Energy – Outlook creates ground for a good year The outlook that CEO K. R. Sridhar gave at the press conference on the figures for the third quarter of 2022 sparkled with optimism for the company. The total output capacity in SOFC fuel cell stacks would reach 600 MW within the year. The capacity of the electrolyzers would lie at 1.3 GW that year. Both figures … Read more |
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Ballard Power – Each market is approached individually Ballard Power is positioning itself as a leading player in the use of fuel cells in the transportation sector. The Canadian company wants to occupy a top position in the new megatrend and expand it to benefit from the tremendous growth expected in the coming years (orders and scaling = revenue and profit). As outlined … |
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Burckhardt Compression – Fulminant rise in share price An astounding share price increase – from around 300 to over 520 CHF – we’re seeing for specialist in reciprocating compressors Burckhardt Compression, where I was still calling for rebuys a few months ago after the price slump. This is a company, though, whose shares are in a really narrow market, which is why they should … Read more |
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Cummins Engine – Harnessing the power of Niagara Falls for hydrogen Cummins has supplied the company Atura Power with a 20-MW PEM electrolyzer for its Niagara Hydrogen Centre in Niagara Falls, Ontario. The electrolyzer is to go into operation at the beginning of 2024 and produce green hydrogen, for supply to industrial customers, with the help of hydropower. The share price has had good development recently. … Read more |
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Hyzon Motors – No news until February 2023? “We are working diligently through our filings to target the Nasdaq deadline of 2/13/2023. We look forward to updating the investor community in due course” was the statement from Hyzon. This presumably means that Nasdaq has accommodated the company’s schedule by giving this deadline and with it given Hyzon Motors time to provide clarity. Prior … Read more |
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Nikola Motors – Short sellers determine the stock market price Nikola has lowered its targets for year 2022: Instead of 300 to 500 battery-electric trucks in 2022, it will now be 120 to 170 units in the fourth quarter, so the total number will be well under 300. The reason: Nikola wants to slow down production in order to get a better grasp on the … Read more |
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Plug Power – Targets adjusted to reality Plug Power already announced weeks ago that the target turnover for this year will be five to ten percent lower than the originally projected 900 to 925 million USD for 2022. The third quarter led to a turnover of 188.6 million USD (plus of 31.1 percent from the year before), which however was about 55.6 million USD less … Read more |
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Siemens Energy – Share price anticipates good business development The turnaround we’ve been forecasting for some time is in sight. Year 2024, according to the predictions of board chairman Christian Bruch, will bring profit. The share price has turned around noticeably and rose nearly 50 percent compared with the lowest price. The numbers: The turnover of 29 billion EUR lay in the realm of expectations … Read more |
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Weichai Power – Temporarily poor figures We’re seeing a steep decline in earnings at Weichai Power: 2.387 billion CNY gain (minus 63.3 percent compared with the previous year) with a 35.9 percent turnover decrease to 86.74 billion CNY. The subsidiary Kion (45% stake) even saw its share price fall on the stock market from over 120 to 20 EUR (recently strongly increased again) due … Read more |
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It’s kicking off in the USA: The Inflation Reduction Act with its billions in funding (369 billion USD), among other things for the ramp-up of the hydrogen economy, is giving hope. I was able to witness this myself live via video stream at the 2nd Hydrogen Americas Summit. In Washington, many board members of well-known companies … Read more |
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e-Journal
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Articles of the new H2-international issue - February 2023
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NOW-News
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Events
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Hannover Messe - Hydrogen + Fuel Cells Europe
April 17 to 21 2023, Hannover Messe, Germany, www.h2fc-fair.com
World Hydrogen Summit & Exhibition - ---
May 9 to 11 2023, Rotterdam, Netherlands, www.world-hydrogen-summit.com
Powerfuel Week - at the Swiss Museum of Transport, Lucerne
May 13 to 21 2023, Luzern, Switzerland, www.powerfuel.ch
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Business Directory – Premium Partner
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Discounts and Free Tickets
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Hydrogen & Fuel Cells Energy Summit Please contact H2-international for more details. |
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