Contact

A new alliance

By

June 15, 2020

Image titel:

Sources:

A new alliance

Geitmann
S. Geitmann

Like other industries, the energy sector has seen events being postponed or cancelled, making it difficult if not impossible to unveil new products, attend discussion panels and meet new people. But the partial lockdown has also opened up some new opportunities. Thanks to greater digitalization, online product presentations can still reach a global audience, face-to-face meetings are being replaced with webinars and video conferences, and phone calls have become an even more important means to stay in touch. Additionally, fewer commutes and business trips leave more time for other things and help reduce environmentally harmful emissions.

Nevertheless, the question remains what to do when an event like Hannover Messe is postponed even though you were planning to attend it to unveil your latest product in front of a throng of journalists?

Advertisements

It may still take a few weeks or months until we know whether shows and conferences will merely be pushed back to a later date. As it looks now, it seems extremely doubtful that those planned for summer or fall can be held. More likely, they will not take place this year at all. It will be interesting to see if and how successfully online solutions, including state-of-the-art communication channels, can replace them for the time being.

Whatever happens, Covid-19 will not be able to severely impede or stop the advance of hydrogen and fuel cells. Growth in the market will slow down somewhat, true, also considering the German cabinet has again postponed the debate on a national hydrogen strategy. We will simply have to be patient. As of this writing, it was not clear when the strategy would be put back on the agenda.

And yet, it is safe to say that the current trend is irreversible. The public discussion on how to transform the energy sector in Germany and the changes we see happening in the market have demonstrated to politicians and the population that there will be no way around hydrogen. A national hydrogen strategy will come. The only question is what it will look like.

However, Germany is not the only EU member that is waking up to the potential of hydrogen and fuel cells. Countries across the continent have realized what key contribution the technology could make to decarburizing the economy. As a result, the European Commission is currently preparing a white paper on how to create a cleaner industrial strategy specifically by using hydrogen.

In early March, the Brussels-based agency announced it wanted to launch a Clean Hydrogen Alliance in collaboration with governments and businesses from across the Union. In order to provide a foundation for this kind of partnership, it has already approved funding based on the IPCEI (Important Projects of Common European Interest) platform. This means we could see an alliance being forged as early as this summer.

Overall, we are moving forward at a decent pace. Considering recent announcements, it seems people are expecting hydrogen to take on a bigger role in the future, albeit some could be setting the bar a bit too high. There is already talk of hydrogen replacing an energy source such as brown coal, a suggestion that is being floated by a top-level executive who works for a large coal power company, no less. Others are saying Germany could eventually become the number one market for hydrogen around the globe, like the United States was for oil and gas for over 50 years. That is quite the comparison.

All of these predictions may seem a bit far-fetched today. Nevertheless, they show what we can achieve by continuing to go down this road. And even though the Summer Olympics that were supposed to take place in Tokyo have been cancelled and Japan will no longer be able to broadcast to the whole world what fuel cell vehicles can do, the trend in the market will continue.

In short, we could use this unexpected break from normal life to prepare ourselves for a clean future.

Let me end this editorial by saying that I hope you have enjoyed reading the H2-international journal over the past five years and that we can continue to be your trusted source for news and in-depth reports on the hydrogen and fuel cell sector for a long time to come.

Here are interesting and current articles on the topic of hydrogen – stocks and the stock market!

Economic prospects for companies in the hydrogen sector | Future, stocks & hydrogen companies on the stock exchange and more…

Which hydrogen companies will prevail in the competitive market in the long term? Get tips and cartwheels and learn more about risks or opportunities. Our stock market specialist and expert author Sven Jösting reports critically, independently and competently.

Apr 18 2024

Plug Power – Price jumps with many questions

The Plug share price fell quickly to under 3 USD (2.50 USD at low) and then rose again to over...
Apr 17 2024

Siemens Energy – Light at the end of the tunnel

Siemens Energy is on the right track, as the latest figures show. Although the wind subsidiary...
Apr 17 2024

Nikola Motors – Outlook speaks for the company

The press conference in February 2024 on the fourth quarter results and the entire year 2023 and,...
Apr 17 2024

Hyzon Motors – Strong patent position

Hyzon Motors will start production of 200‑kW modules for commercial vehicles in the USA in the...
Apr 17 2024

FuelCell Energy – Carbon capture as a growth story?

FuelCell Energy has with SOFC fuel cell power plants built its own capacities for clean energy...
Apr 16 2024

Hydrogen economy gaining speed

Trade fair guide for Hannover Messe 2024 AI and hydrogen are the focus of this year's Hannover...
Apr 16 2024

Politicians with an open ear for hydrogen

Optimism at the H2 Forum in Berlin A good 450 participants gathered at the specialist conference...
Apr 16 2024

Gas producers are the winners of the H2 ramp-up

The major international gas companies such as Linde, Air Liquide and Air Products have always been...
Apr 15 2024

Cummins Engine – Emissions scandal ended by payment

The share of Cummins Engine brings joy: The share price rose to a new high for the year, after the...
Apr 15 2024

Ceres Power with strong partners

The main shareholders Bosch and Weichai are already counting on the English Ceres Power and their...
Apr 15 2024

Group rotation will drive hydrogen forward

Sven Jösting’s stock analysis #Shares from the crypto universe and from many technology companies...
Apr 15 2024

Wissing releases former NOW chief from duties

Background to the Bonhoff/BMDV split Things had quietened down on the Bonhoff front. But then new...
Apr 11 2024

Bloom Energy convincing in the long haul

Bloom Energy is planning a cooperation with Shell to use its SOEC technology for the large-scale...
Apr 11 2024

Ballard – Prospects better than current market valuation

The share price of Ballard Power is at an all-time low. The published figures for the fourth...
Mar 18 2024

Search for the ideal hydrogen storage

Interview with Thomas Korn, CEO of water stuff & sun Startup company water stuff & sun has...
Mar 15 2024

Is exponential growth slowing down?

Fuel Cell Industry Review 2022 Year 2022 saw fuel cell shipments creep up over 2021 numbers,...
Mar 11 2024

On the way to becoming a green hydrogen partner

Oman aims to score points with H2 infrastructure Wind, sun and loads of expertise – these...
Mar 07 2024

We can master a scale-up for green hydrogen

Interview with Dr. Kai Fischer, Director at RWTH Aachen The efficient scaling of green hydrogen...
Mar 07 2024

Frustration over continuing uncertainties

Interview with Jorgo Chatzimarkakis, CEO of Hydrogen Europe There is a lot that needs sorting out...
Mar 05 2024

“If ever there was momentum for hydrogen, it is now”

Interview with Dr. Jochen Köckler, chairman of Deutsche Messe “We’re bringing people together.”...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *