Contact

Bloom Energy – Explosive news from South Korea?

By

October 16, 2020

Image titel:

Sources:

Bloom Energy – Explosive news from South Korea?

Bloom Energy performed strongly in recent months, rising from USD 10 to over USD 19 until it was time for profit-taking. As expected, the stock is beginning to catch up to other fuel cell shares. Plus, Bloom [NYSE: BE] has formed a joint venture with Samsung Heavy Industries to come up with SOFC solutions for cargo vessels and tankers. The venture is regarded as a research partnership aimed at developing technologies Bloom wants to bring to market starting in 2022, with yearly production capacities of 300 megawatts.

Bloom is also profiting from the ambitious goals of South Korea‘s biggest oil and gas corporation, the SK Group. Expectations are that South Korea’s hydrogen production plant capacity will rise to 15,000 megawatts by 2040 and that 6.2 million FCEVs will be driving in the country by then. The group owns 3,400 gas stations and intends to add hydrogen pumps to 1,200 of them by 2040. Its management thinks highly of Bloom. Following a three-year partnership, the SK Group’s chief executive said the fuel cell firm has the best electrolyzer money can buy right now. The shared goal is to connect 400 megawatts of fuel cell output to the grid each year.

Advertisements

Bloom said its electrolyzer technology will allow hydrogen production at a cost equal to that of gasoline by 2021. Wow! In a few years, this could lead to orders worth USD 500 million to USD 1 billion annually.

read more in H2-international October 2020

Risk warning
Share trading can result in a total loss of your investment. Consider spreading the risk as a sensible precaution. The fuel cell companies mentioned in this article are small- and mid-cap businesses, which means their stocks may experience high volatility. The information in this article is based on publicly available sources, and the views and opinions expressed herein are those of the author only. They are not to be taken as a suggestion of what stocks to buy or sell and come without any explicit or implicit guarantee or warranty. The author focuses on mid-term and long-term prospects, not short-term gains, and may own shares in the company or the companies being analyzed.

Author: Sven Jösting

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.

Jun 13 2024

H2 Bank Selects Seven Projects”

The European Commission is allocating nearly 720 million euros to seven projects for renewable...
Jun 13 2024

World’s one-of-a-kind H2 test lab

Electrolyzers on the test bench In Hydrogen Lab Bremerhaven, manufacturers and operators of...
Jun 13 2024

First commercial green hydrogen production

Solar Global operates electrolyzer plant in Czech Republic An electrolyzer in the town of...
Jun 12 2024

Hydrogen 3.0

“Are we on the cusp of a hydrogen revolution or merely witnessing the build-up of another bubble?”...
Jun 12 2024

Mechatronic H2 pressure regulator

Up until now, Italian company Landi Renzo has been mainly known for its conversion sets for gas...
Jun 11 2024

Establishment of a metrological infrastructure

Flow measurement of high-pressure gas and liquid hydrogen In the field of flow measurement, the...
Jun 11 2024

FRHY Stack, first of its kind!

Technology platform for high-rate electrolyzer production The cooperative FRHY project, which...
Jun 10 2024

HySupply – German-Australian hydrogen bridge

Acatech and BDI show what’s feasible Defossilizing the energy system is an important goal of the...
Jun 05 2024

In the beginning was the refueling station

Creating planning security through the development of H2 infrastructure We have long discussed the...
Jun 04 2024

Digital potential

Low-cost green hydrogen through digitalization Plans to expand Germany’s hydrogen landscape are...
Jun 04 2024

A new energy infrastructure is emerging

“Green” and “blue” ammonia from other continents to come to Europe Ammonia produced from...
May 31 2024

Fuel cell systems for grid hardening

Interview with Christian Leu and Benedikt Eska from Axiosus An important but often neglected area...
May 30 2024

A new energy infrastructure is emerging

“Green” and “blue” ammonia from other continents to come to Europe Ammonia produced from...
May 16 2024

New CFO for H-Tec Systems

Electrolyzer manufacturer H-Tec Systems underwent restructuring at the turn of the year and...
May 16 2024

One-man show continues to grow

Hydrogeit Verlag celebrates its 20th anniversary The Hydrogeit Verlag publishing house has been...
May 15 2024

Hydrogen for the post-coal era

Nuclear energy also to power electrolysis in Hungary In May 2021, Hungary published its national...
May 15 2024

Hüwener to lead OGE

Thomas Hüwener will become the new management spokesman for transmission system operator OGE from...
May 15 2024

Accelerating expansion and reducing hurdles

German government adopts power plant strategy It took a long time, but now it's here – the power...
May 15 2024

Brussels approves IPCEI projects

3rd funding wave for H2 infrastructure measures The decision has finally come. In mid-February...
May 15 2024

Apex becomes H2APEX

Apex, headquartered in Rostock, Germany, is continuing to make big strides forward in the hydrogen...

0 Comments

Leave a Reply