On March 1, 2017, China Today reported in detail about the Asian country’s joint efforts together with Canada in environmental protection and clean energies. Canadian-based Ballard Power Systems was mentioned as a model example and positive force behind many fuel cell and mass transportation projects and agreements in China (bus, rails). What Ballard and the fuel cell companies discussed in the following articles have in common is that they will be in the black in two to three years’ time and that the fuel cell markets are at a turning point for the better. The five businesses and their shares should be viewed based on their very promising long-term outlook and not based on their admittedly disappointing short-term results.
MCFC Power Plant in Hotel Use
After last year’s project of a 1.4 MW fuel cell power plant in Mannheim, energy supplier E.ON established a partnership with the Radisson Blu Hotel in Frankfurt, Germany, in mid-February 2017 to operate yet another industrial-grade fuel cell there. In addition to its distinct architectural features, the hotel is now to be equipped with a state-of-the-art energy system by FuelCell Energy Solutions. It is said to be installed during a fall 2017 project subsidized with EUR 800,000
Buzz About Stanford Study
A new study that claims battery-only vehicles to be cheaper and more economical than fuel cell vehicles has caused quite a stir in the electric transportation industry. On Nov. 14, 2016, the website of Stanford University showed a press release that made the headlines on several online portals. Reportedly, the main conclusions were that battery-driven vehicles could become cheaper than gasoline-powered cars from 2025 and that the ones running on fuel cells would require more than twice as much electrical energy. It was also noted that battery-powered engines reduced CO2 emissions at lower costs than fuel cell versions – particularly because of the infrastructure needed to produce hydrogen.