FuelCell Energy’s shares have experienced a sharp drop for seemingly no reason. It may have been a tactic intended to push down the price, for example, to profit via short sale in anticipation of the fall and convert warrants later. That is pure speculation, of course, but people say these things have happened before. In any case, the most recent investment decisions seem to be an unmistakable sign that institutional investors believe in the company’s prospects and its technology.
Plug Power Goes to China
Plug Power CEO Andy Marsh is looking to establish framework agreements with Chinese companies, as he believes the country to be a very promising market. China is said to have already invested more than USD 100 billion in fuel cell technology over the years, as it has recognized that there is large potential to tap (see Ballard). Talks with Chinese-based automotive suppliers are ongoing. In the US, Plug Power hopes that there will be other tax incentives for fuel cell vehicles. The investment tax credits have certainly been a factor in getting orders for forklift truck retrofits. Donald Trump, however, is said to be opposed to these types of incentives as much as in the wind and solar industry.
Ballard Sets Its Sights on China
One should never be too enthusiastic, but if the Chinese government really takes up the battle against the country’s dramatic pollution levels, fuel cells and hydrogen will become top priorities – domestically and globally. People will take note of the comments that Wan Gang, China’s minister of science and technology, made during this year’s industry conference H2Mobility in Berlin in early April. Gang – an engineer, who had a ten-year stint at Audi – considers the fuel cell‘s versatility and “green hydrogen” to be two key solutions for improving China’s environmental situation
Ballard: Year of the “Right” and “Sustainable” Growth
Ballard Power is placing a bigger focus on China, evidenced by the various agreements with Chinese companies from the field of bus manufacturing and the development of hydrogen-driven rail vehicles. According to company information, the Canadian fuel-cell manufacturer paid special attention to only collaborate with known, reputable partners, whether big or small, which enjoy their own location advantages.