During the industry conference Energy – Think Outside the Box in Berlin, William M. Colton, vice president corporate strategic planning at ExxonMobil, talked about the big potential of a technology called “carbon capture.” By that, he meant the option to add CO2 to hydrogen to create methane and convert the result into power and heat inside a fuel cell. ExxonMobil’s partner for generating energy from emissions is FuelCell Energy (NASDAQ: FCEL). Days later, U.S. President Donald Trump said in a speech that he intended to “end the war on coal” and that the United States was going to have “clean coal.” (more…)
The minus USD 0.11 per share was a much higher loss than the USD 0.06 that had been anticipated. The adjusted EPS is said to be at USD 0.08 per share. The company’s revenue increased to USD 32.6 million in the final quarter of 2016 – while USD 34.8 million had been expected. The net loss attributable to common shareholders (incl. large extraordinary items) added up to USD 57.6 million at USD 85.9 million in revenue. This fiscal year, GAAP revenue is expected to grow to USD 130 million. Where does the company go from here? The focus of Plug Power (NASDAQ: PLUG) is the materials handling market, and it’s doing well on it regarding customers and bookings. (more…)
Just recently, the stock price of Tesla (NASDAQ: TSLA) had known no bounds: Prices went up more than 40 percent within a few weeks. But the hike was followed by a hefty decline from USD 286 to around USD 240. There had been no reassuring news and figures based on which you could make a logical argument for the price explosion. One of my theories focuses less on the influence of tweets and the content of statements made by Tesla’s CEO (more…)
A new study that claims battery-only vehicles to be cheaper and more economical than fuel cell vehicles has caused quite a stir in the electric transportation industry. On Nov. 14, 2016, the website of Stanford University showed a press release that made the headlines on several online portals. Reportedly, the main conclusions were that battery-driven vehicles could become cheaper than gasoline-powered cars from 2025 and that the ones running on fuel cells would require more than twice as much electrical energy. It was also noted that battery-powered engines reduced CO2 emissions at lower costs than fuel cell versions – particularly because of the infrastructure needed to produce hydrogen. (more…)
On Dec. 1, 2016, Nikola Motor Company presented its first hydrogen truck. Founder and CEO Trevor Milton unveiled the Nikola One in front of 600 invited guests at the company’s headquarters in Salt Lake City, Utah. The truck is a concept study of an electric semi equipped with a large lithium-ion battery pack and a fuel cell. (more…)
The collected works of Peter Hoffmann, the editor of The Hydrogen & Fuel Cell Letter, have now been preserved for posterity and are available as part of the Hydrogen and Fuel Cell Archives. This database contains all newsletters that Hoffmann published jointly with his wife, Sarah, from 1986 up till his untimely death in April 2014 as well as the information gathered by Fuel Cells 2000 and the newsletters by the International Association for Hydrogen Energy. (more…)
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