+49 (0)33055-21322

info@h2-international.com

Contact

Plug Power – Many positive effects

Plug Power – Many positive effects

by | Oct 18, 2022 | Germany

Plug Power sees enormous potential for the company arising from the Inflation Reduction Act, as it benefits in a variety of ways from it. These are research grants, tax incentives, subsidies for hydrogen, or tax support for new production facilities in the US (manufacturing tax credits).

At the end of the second quarter, Plug remained at a minus of 173.3 million USD (previous year: minus 99.6 million USD), or a minus of 0.30 USD per share. Reported loss: 329 million USD in the first half of the year. This is certainly also due to the massive investments made by Plug in various projects and in the development of production capacities (gigafactories). After all, electrolysis capacities to a volume of 1.5 GW are now in the books, as we have reported. Turnover is to reach 900 to 935 million USD this year, mainly stemming from large customers like Amazon. In the bank still lie funds in the amount of about 3 billion USD, which however corresponds to a high capital outflow. At the stock market, Plug is again valued at over 17 billion USD.

Advertisements

FC forklift truck with H2 refueling station from Plug

DSC_0007.jpg

With Amazon, Plug recently concluded an offtake agreement for 11,000 tonnes of hydrogen per year. With this, 15,000 forklift trucks can be powered. There is to be a total of 20,000. And the so far 70 shipping centers in which forklifts are driven for Amazon is to grow to 100. For the end of 2022, Plug forecasts being able to itself produce 70 tonnes of green hydrogen per day.

The share will move with the news developments in the hydrogen segment, even if many expectations about the future have already made it into the stock market valuation.

Disclaimer

Each investor must always be aware of their own risk when investing in shares and should consider a sensible risk diversification. The FC companies and shares mentioned here are small and mid cap, i.e. they are not standard stocks and their volatility is also much higher. This report is not meant to be viewed as purchase recommendations, and the author holds no liability for your actions. All information is based on publicly available sources and, as far as assessment is concerned, represents exclusively the personal opinion of the author, who focuses on medium- and long-term valuation and not on short-term profit. The author may be in possession of the shares presented here.

IPCEI technology wave initiated

IPCEI technology wave initiated

by | Oct 13, 2022 | Germany

After a long wait, the European Commission has approved the first projects of IPCEI Hydrogen. With these Important Projects of Common European Interest, significant progress towards the establishment of a hydrogen economy is to be made. The associated special approval under EU state aid law means that much more funding can be allocated than would otherwise be permitted within Europe. Among the initial are four projects from Germany. More are to follow in the course of the year. (more…)

Déjà vu in Stuttgart

Déjà vu in Stuttgart

by | Oct 13, 2022 | Germany

For all those who have been active a little longer in the hydrogen and fuel cell industry, it will be like déjà vu when they arrive at f-cell on October 4th, 2022. They will be walking from the S-Bahn station or airport to the Stuttgart fairgrounds, and not, as in previous years, to the Haus der Wirtschaft. And this very move – from the Stuttgart city center to the airport – has already been made once before, in 2008. At that time, however, still under the direction of Peter Sauber. (more…)

Solar hydrogen boat on a course for Monaco

Solar hydrogen boat on a course for Monaco

by | Oct 12, 2022 | Germany

Thirty-two students from TU Berlin university have set themselves the ambitious task of building a renewables-powered boat by spring 2023 and racing it in the 10th edition of the Monaco Energy Boat Challenge. So far they only have a 4-inch (10-centimeter) model of its two hulls. By June next year they intend to have a seaworthy catamaran complete with electric power system. (more…)

Ponikwar CEO of thyssenkrupp nucera

Ponikwar CEO of thyssenkrupp nucera

by | Oct 12, 2022 | Germany

In the highly competitive electrolyzer market, Essen-based company Thyssenkrupp AG has gotten Dr. Werner Ponikwar to lead the recently created subsidiary Nucera. On July 1st, 2022, the chemist assumed his new role as managing director (CEO), following in the footsteps of Denis Krude, who now fills the newly created function of chief operating officer (COO), as planned.

About this, Dr. Volkmar Dinstuhl, CEO of Thyssenkrupp division Multi Tracks, stated, “Werner Ponikwar has a broad range of experience from various management positions in plant construction and chemistry as well as the rapidly growing hydrogen market.” Ponikwar had been working at the gas company Linde for many years. Initially, he headed the business unit Polyolefins at Linde Engineering as well as Key Account Management at Linde AG, before he became managing director of Linde Hydrogen FuelTech GmbH, a subsidiary of Linde plc.

Advertisements

Thyssenkrupp nucera had been introduced in January 2022 as a new brand and had immediately, in the first quarter, received two large orders regarding H2 projects in the Netherlands and in Saudi Arabia. According to information by the company, they are still considering whether an IPO should be the preferred option for further development.

Seifert is new decarbXpo director

Seifert is new decarbXpo director

by | Oct 12, 2022 | Germany

The restructuring of Messe Düsseldorf continues. After Energy Storage Europe was combined with the IRES Conference, the #P2X Conference and ecoMetals Day, and renamed decarbXpo (long form Expo for Decarbonised Industries), this band of events received a new leadership on August 1st, 2022. Malte Seifert has since been the new project director of this decarbonization fair, which will take place under the new focus parallel to partner trade fair Glasstec on September 20th to 22nd, 2022. The 37-year-old additionally directs the trade fair quartet that together make up the event The Bright World of Metals, namely GIFA, METEC, THERMPROCESS and NEWCAST, as well as the seven internationally oriented offshoots.

Source: Messe Düsseldorf

Advertisements