The surprising takeover of the Canadian competitor Hydrogenics will also have a positive impact on Ballard Power’s stock market valuation: Both companies have been frontrunners in FC development for many years. Their activities overlap in rail vehicles and trucks. They are both absolutely tops: Hydrogenics with Alstom and Ballard with CRRC and Siemens. Ballard also has many other activities in the major markets of the future, such as the use of fuel cells in drones.(more…)
The success story of fuel cell trains to date is currently undergoing a severe setback: As the Kieler Nachrichten (news) recently reported, electric trains could roll through Schleswig-Holstein from 2022, but they are likely to be equipped with accumulators for energy storage and not with hydrogen.(more…)
Canadian producer Hydrogenics (Nasdqaq: HYGS) and British manufacturer ITM Power (London: ITM) aren’t entirely comparable, but they use similar technologies. There are some commonalities in the form of power-to-gas projects, hydrogen stations and powerful electrolyzers to generate the gas. Their market caps aren’t as far apart as I would expect based on the number and contract value of bookings. Both stocks have experienced severe price drops. (more…)
Fuel cell offerings for rolling stock are gaining traction these days. The number of regions debating investments in fuel cell trains is steadily growing. During a Nov. 9 press conference last year, Alstom – Europe’s only supplier of rolling stock powered by the technology – held a press conference in Wolfsburg to boost demand even further. (more…)
On Sept. 1, 2017, Jörg Nikutta became responsible for Alstom’s operations in Austria and Germany. The same day, he was also appointed spokesman for the board of management at Alstom Transport Deutschland. Nikutta used to work at Deutsche Bahn and now follows in the footsteps of Didier Pfleger, who has since been in charge of Alstom’s Middle East business.