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Burckhardt Compression – peripheral technology

Burckhardt Compression – peripheral technology

BC Diaphragm Compressor, © Burckhardt Compression
BC Diaphragm Compressor, © Burckhardt Compression

Burckhardt Compression, formerly a subsidiary of Swiss engineering group Sulzer, could become the next stock to pique the interest of investors. The world’s foremost manufacturer of piston compressors, Burckhardt [SIX: BCHN] is increasingly producing equipment that is later used in hydrogen production or transport, as in gas networks delivering hydrogen blends or in electrolyzers, providing the company with new and huge opportunities for growth. Burckhardt is expected to generate CHF 620 million to CHF 650 million in revenue this fiscal year. Its performance last year had already resulted in earnings of CHF 13 a share, including CHF 6.5 in dividend payouts. In its annual report, Burckhardt noted that 2020 saw a “substantial increase” in demand for hydrogen-related components in the transportation and energy sectors.

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Europe’s Green Hydrogen Deal

Europe’s Green Hydrogen Deal

Hydrogen Grid
Hydrogen Grid © European Hydrogen Backbone Initiative, Guidehouse

On June 8, the EU followed Germany’s example by announcing a hydrogen strategy. The European Commission even published two road maps, one for energy systems integration and another for clean hydrogen as part of the NextGenerationEU stimulus package and the European Green Deal.

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Enapter probes equity crowdfunding

Enapter probes equity crowdfunding

Taking an innovative approach to raising fresh capital, Enapter, an electrolyzer manufacturer based in Pisa, Italy, has launched an equity crowdfunding campaign. In late March, it began offering shares for only a few hundred euros, promising investors dividend payments over a period of five years. Germany’s financial services regulator BaFin greenlighted the investment strategy in spring, the company said.

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OGE co-founds evety

OGE co-founds evety

Altfeld
Klaus Altfeld, © evety

In late May, transmission network operator Open Grid Europe (OGE) formed a joint venture with TÜV Süd and Horváth & Partners to “provide a path to a hydrogen economy.” During the startup online video call, the united front of chief executives confirmed their intention to explore new markets and bring their expert knowledge in hydrogen technology to industrial, logistics and transportation companies to allow them to draw on this valuable resource.

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Duncan Yellen appointed ITM Motive CEO

Duncan Yellen appointed ITM Motive CEO

Yellen
Duncan Yellen, © ITM Power

ITM Power is growing. In mid-May, the company introduced its subsidiary, ITM Motive, which will build and operate hydrogen gas stations in the UK. The role of chief executive went to Duncan Yellen, 54, a physicist and materials researcher by trade and former project development manager for Storengy, an Engie subsidiary. At present, ITM Motive runs eight public hydrogen fueling stations, a number expected to grow to 11 by the end of this year. All stations are equipped with ITM Power electrolyzers. Compressors are provided by Linde, a major shareholder and joint-venture partner.

Wanted: Fuel cell buses

Wanted: Fuel cell buses

Solaris Urbino 12 hydrogen
Solaris Urbino 12 hydrogen, © Solaris

Lately, potential customers from all over the world are complaining about the severe shortage of fuel cell buses. However, automakers have only themselves to blame. The few clean buses that have made it onto the market are either hybrid or all-electric. It is a rare specimen that runs on fuel cells.

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