Hydrogenics (Nasdaq: HYGS) has a full schedule with USD 151.2 million in backlog for several types of fuel cell applications, from truck conversion kits (Scania in Norway) to bus stacks in China to H2 refueling stations and power-to-gas systems. A loss of USD 5.7 million (minus USD 0.45 per share) in the second quarter can be considered a temporary slump, as the company said that some shipments had been moved to the third. Hydrogenics intends to stick to the forecast it had published for the entire year. (more…)
A new megatrend needs time to develop. The last 15 years established the foundation for the coming breakthrough of fuel cells and a steadily growing interest in their use. Here’s why: Historically, technological revolutions often needed 15 years before a breakthrough was achieved. But once you’re past that point, everything goes very quickly, since no market actor wants to remain on the sidelines. This is exactly what’s happening to the fuel cell across all markets and applications. (more…)
Taking a look at China these days, one may wonder if we haven’t already found the solution for a sustainable future in hydrogen and fuel cells. During his June business trip to the Land of the Dragon, H2-international’s stock market analyst Sven Jösting took part in the two-day German-Chinese SME Conference in Jieyang as representative of German environmental organization B.A.U.M. In front of 800 attendees, he tried to answer the question: “Will water become what coal is today?” Afterward, he visited the industrial park Metal Eco City in the east of southern Chinese province Guangdong. (more…)
Critics of the economic incentive for electric cars have had their I-told-you-so moment for now: The “eco-bonus” has been attracting little interest so far. Within two months (from September 5th, 2016), the Federal Ministry for Economic Affairs and Export Control received a mere 3,027 applications. Registration figures, however, paint a slightly more optimistic picture of the market (more…)
Many prominent figures from politics and business showed up to the H2Mobility conference in Berlin, Germany, in order to re-assure each other of the promises they had already made. Alexander Dobrindt kicked off the event held on the premises of his government department, the Federal Ministry of Transport and Digital Infrastructure (BMVI), before the Chinese transportation minister, Wan Gang, addressed the audience. (more…)
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