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H2 production under way in Dormagen

H2 production under way in Dormagen

by | Nov 5, 2015 | Germany

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Reformer in Dormagen (Source: Air Liquide)

Over a construction period lasting two years, Air Liquide has constructed a new natural gas reformer in Dormagen. The French gases company has invested approximately 100 million Euros in the facility which is situated at the Chempark industrial park near Leverkusen, Germany, with the goal of producing hydrogen (more…)

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Plug Power takes over HyPulsion

by | Nov 5, 2015 | worldwide

The HyPulsion joint venture has now been owned in full by Plug Power since August 2015. As announced by the American (USA) company on July 27th 2015, it has acquired all of the shares in its former partner Axane, a subsidiary of the gases company Air Liquide. The New York-based manufacturer of fuel cells paid US-$ 11.5 m. for 80 % of the shares. In 2012, Plug Power and Axane joined forces to form HyPulsion, primarily with the goal of kick-starting the market for fuel cell forklift trucks. Andy Marsh, managing director of Plug Power, made the following comments: “We are now moving ahead with optimism to extend our presence in the European materials handling market. […] I am pleased that our collaboration with Air Liquide for the further development of the hydrogen sector in Europe is continuing.”

Plug Power: Home-made price weaknesses?

Plug Power: Home-made price weaknesses?

by | Nov 4, 2015 | North America

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Courses of the share prices of four listed companies

It may well be the case that Plug Power has itself triggered the fall in the price of its shares that occurred in recent weeks, as described in detail and substantiated by a report (Seeking Alpha dating from 2.9.2015). In detail: 1. The takeover of HyPulsion, the European joint venture with Air Liquide for US-$ 11.5 m. was settled in shares (6.4 m. units due to the fall in the share price instead of the originally planned 4.8 m. shares), whereby it had already been made clear that the Air Liquide subsidiary, Axane SA, would register these shares and sell them on the stock exchange. Plug would have been better off paying the US-$ 11.5 m. (more…)

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H2 Mobility Joint Venture Established

H2 Mobility Joint Venture Established

by | Sep 21, 2015 | Germany

H2-MobilityOn the basis of the H2 Mobility initiative which was established in September 2009 – as previously announced – a joint venture has been initiated. At the end of 2014, the partners Air Liquide, Daimler, Linde, OMV, Shell and Total completed the final steps required to establish the company H2 Mobility Deutschland GmbH & Co. KG. (more…)

Plug Power: Such stuff as dreams are made on

Plug Power: Such stuff as dreams are made on

by | Jul 14, 2015 | North America

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The NASDAQ tower with Plug Power advertising (Source: Plug Power)

At first glance, the figures for the first quarter of 2015 turned out to be disappointing: a loss of US$11.1m. with a turnover of US$9.4m. (+ 69% compared with the same quarter in the previous year). However, Plug Power  (PLUG, US$2.65) has also succeeded in generating an orders backlog of US$160m. (US$46m. in the 1st quarter, goal for this year: US$200m.). 265 GenDrive systems have been accounted for, while the accounting for a further 419 has been delayed to the second quarter. One H2 filling station has been accounted for while seven are to begin their duties in the second quarter (2014: 10 H2 filling station installation, there are to be more than 15 in 2015). As stated by the executive team during the telephone conference, the turnover is set to (more…)

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