Bloom Energy gained its South Korean customer and corporate partner of many years, SK ecoplant, as a shareholder and, thanks to the existing good working relationship, has even bagged a USD 4.5 billion order – for hardware and software and also service revenue – for 500 megawatts for the time being. This order should only be the start though and so ought to have further potential. SK ecoplant, part of the SK Group, is the largest energy corporation in South Korea and is planning to invest multiple billions in fuel cells and hydrogen, said to be about USD 25 billion. (more…)
With ExxonMobil, FuelCell Energy is already working nicely with regard to carbon capture. Now ExxonMobil has published a six-year plan that sees the corporation wanting to invest USD 15 billion in this area. As a result, I therefore believe that for FuelCell Energy there is potential for many a supplementary and major order. (more…)
Hyzon Motors, a manufacturer of hydrogen-powered commercial vehicles founded in Singapore (IPO via special-purpose acquisition company, SPAC, in New York), saw its the share price crash after a hedge fund named Blue Orca (a short seller?) leveled various accusations, including that an order for 20 Hyzon trucks did not come from the named customer, Hiringa Energy, but from someone completely different. Moreover, it also prompted questions about an agreement (memorandum of understanding) concerning 400 trucks for a Chinese customer. Law firms simultaneously added a string of class action lawsuits whose aim and purpose is unclear to me, though. Did someone want to initiate a lower IPO price or make stock prices tumble by short selling? (more…)
Basilios Triantafillos, Global Director for Hannover Messe
The trade fair company Deutsche Messe AG appears confident that in 2022 it will be holding an in-person Hannover Messe once again. The organization made clear already in fall 2021 that hydrogen will play a central role in the industrial trade show of 2022, taking place April 25th to 29th. Deutsche Messe together with Hydrogen + Fuel Cells Europe is holding a networking event centered around hydrogen (see photo) in November at the Landesvertretung Niedersachsen in Berlin. It will be followed soon after by the traditional press conference, this time with Ove Petersen, CEO of GP Joule, which explicitly indicates the future importance of hydrogen. (more…)
Opened in March 2021 after a considerable delay: The hydrogen station in Neuruppin was no. 92.
New hydrogen refueling stations continue to spring up but Germany has yet to pass the 100-station mark. How can that be? The reason for this apparent stagnation lies in the dismantling or renovation of old filling stations. A number of stations that were built several years ago as demonstrators for the first stage of Germany’s national hydrogen innovation program are showing their age. Consequently, some are no longer economical to run and are being taken down or – at widely varying expense – upgraded. (more…)
Not least because of the pandemic, there will be a few changes in the trade fair organizing domain. Energy Storage Europe (ESE) in Düsseldorf will not take place in the spring as usual, but from September 20th to 22th, and under a new name, Expo for Decarbonised Industries. Another difference is that the energy storage fair will be prevented from coinciding with the world-leading glass production fair Glasstec. According to Messe Düsseldorf, it shall create a “suitable platform for decarbonization of industries and businesses in Germany.” (more…)
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