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Rising oil prices to boost fuel cell market

Rising oil prices to boost fuel cell market

by | Jul 2, 2018 | North America

Looking at oil prices these days may have you thinking that the sky’s the limit. However, what’s unfavorable, or even detrimental, to one side can benefit the other. Price hikes will just pump more money into alternative energies and R&D. Specifically, green hydrogen and its use as a source of electric power, heat and cooling energy could, along with carbon capture, see unprecedented growth, especially after it took so long for the world to start waking up to its potential. (more…)

Ballard Power and the all-important year-end

Ballard Power and the all-important year-end

by | Jul 2, 2018 | North America

Semi

Randall MacEwen and Hu Chunhua, Guangdong party chief, © Ballard

Canadian manufacturer Ballard (Nasdaq: BLDP) ended the first quarter of 2018 on a total revenue of USD 20.1 million. During the same period a year ago, it generated USD 6.2 million in one-time revenue from technology transfers and engineering support. This amount needs to be taken into account, that is, taken off, if the goal is to paint an accurate picture of year-over-year growth. Still, the company’s gross margin was 33 percent. (more…)

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Hydrogenics and why the first quarter isn’t the last

Hydrogenics and why the first quarter isn’t the last

by | Jul 2, 2018 | North America

wallstreet

© wallstreet-online.de

Like Canadian competitor Ballard, Hydrogenics (Nasdaq: HYGS) has made investments in several markets, most of all, China, where demand for fuel cells is projected to rise. Both have entered into agreements with Alstom and Siemens. That the latter two have founded a joint venture to merge their railroad divisions suggests to me that keeping two experienced suppliers on board is part of their failsafe system. Ballard has also partnered with China’s CRRC, the world’s largest rolling stock manufacturer. (more…)

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Rising oil prices to boost fuel cell market

Plug Power: High Growth, Strong Backlog

by | Jul 2, 2018 | North America

Plug Power’s first-quarter results were well received by stock market analysts. Net loss was USD 0.07, less than expected, while revenue surged 90 percent year over year, topping USD 29.1 million. At year’s end, earnings are expected to be between USD 155 million and USD 180 million. It has been reported that multiple new, and large, corporations were now part of Plug’s customer base. One of them is said to be a food company that ranks among the top five in the United States. (more…)

Tesla and why it’s hard to keep the lid on

Tesla and why it’s hard to keep the lid on

by | Jul 2, 2018 | North America

Semi

Semi by Tesla, © Tesla

Tesla’s first-quarter report showed another record loss, USD 700 million, which lowered its cash by a whopping USD 600 million. Considering this, it seems unimportant that revenue jumped to USD 3.41 billion or that Model 3 production is being ramped up to full capacity. Tesla has been burning through massive amounts of money. (more…)

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