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Plug Power – In the profit zone with H2 production

Plug Power – In the profit zone with H2 production

by | Apr 23, 2022 | Germany

Project manager Robert Zalinski presented Plugs products at the new Duisburg site

The plans are huge: three sites are to start production already this year. The first target for the current fiscal year is 70 tonnes of hydrogen per day. This should enable a profit margin of 30 percent. Of this, 40 to 50 tonnes per day are needed for existing activities and 20 to 30 t/day will be brought to market as a tradable commodity, is my expectation.  (more…)

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Cummins Engine heavily seton the fuel cel

Cummins Engine heavily seton the fuel cel

by | Apr 23, 2022 | Germany

Cummins Engine is highly committed to the H2 industry – also in the commercial vehicle sector, starting with trucks and going all the way to ships. The company is also expanding its own electrolysis technologies. A project with Sinopec consists of an electrolysis capacity of 1 GW – 1,000 H2 fueling stations for the Greater Peking Area. Cummins Engine is vehemently driving its transformation from a diesel engine producer to a fuel cell company and in doing so majorly implementing and scaling the special knowhow of the purchased/integrated Canadian company Hydrogenics. (more…)

Bloom Energy – Growth rate accelerates

Bloom Energy – Growth rate accelerates

by | Apr 22, 2022 | Germany

Bloom Boxes at the SK Group , © Bloom

Bloom Boxes at the SK Group , © Bloom

What an outstanding view K. R. Sridhar, CEO of Bloom Energy, describes: Bloom is on track to achieve annual growth of up to 35 percent instead of the previous 25 to 30 percent, as the company is optimally positioned – technologically and in terms of business model – in H2 energy markets around the world. (more…)

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Nikola Motors – The outlook keeps looking better

Nikola Motors – The outlook keeps looking better

by | Apr 21, 2022 | Germany

At Nikola headquarters, © Nikola

At Nikola headquarters, © Nikola

Nikola Motors needs to be understood/categorized as a start-up in the process of implementing its business plan. The construction of its factory in Coolidge, Arizona is underway, and the first battery–electric trucks (BEV trucks) are already with customers. This year should see 300 to 500 of these, along with sufficient capacity for 2,400, which should reach 20,000 by 2023. In Ulm, Baden-Württemberg, the number of units produced by partner Iveco is to increase from 2,000 to 10,000.  (more…)

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Cummins Engine heavily seton the fuel cel

Hyzon Motors – Truck orders coming from Saudi Arabia? 

by | Apr 21, 2022 | Germany

Things are happening on the analyst and investor front: BlackRock has raised its position in Hyzon Motors. Over 100 institutional investors are already involved. The largest of these is the Saudi Arabian state fund PIF, which holds over 8 million shares. Billionaire Izzy Englander named Hyzon as one of his top three picks and acquired 1.36 million shares.  (more…)

Siemens Energy – Still in the valley of tears

Siemens Energy – Still in the valley of tears

by | Apr 20, 2022 | Germany

Expected (e) wind power additions per year worldwide until 2030 , © Wood Mackenzie, Global Wind Power Market Update: Q4 2021

© Wood Mackenzie, Global Wind Power Market Update: Q4 2021

Siemens subsidiary Gamesa still doesn’t seem to be out of the woods, looking at the strong loss (minus 627 million EUR) that this company contributed to its parent (total minus of 560 million EUR). Onshore wind is considered a problem area – combined with miscalculations and supply chain issues. For this reason, there is speculation that this subsidiary will be fully integrated or restructured via a share swap, which could be implemented in, among other things, a realignment or even a split-off. A partial merger with a competitor may also be possible.  (more…)

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