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Bloom Energy – 30 percent steady annual growth

Bloom Energy – 30 percent steady annual growth

Investment bank J. P. Morgan’s analyst meeting with KR Sridhar, Bloom Energy’s chief executive, on May 26 revealed bright prospects for the company. When one analyst asked by how much Bloom wants to grow in the near future – if it aims for a rate of 20 percent to 25 percent annually – Sridhar replied the target is rather 30 percent a year over a long period of time. He based his assessment on an analysis of the company’s advanced technology, IP portfolio, markets and applications, as well as its competitive position, expertise and experience.

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Hydrogen Car Garage Opened

Anyone who already owns a fuel cell vehicle and needs to have it repaired now has someone to turn to: Car dealership Karl Russ has opened its own hydrogen garage in Germany. The Mercedes dealership in Nürtingen invested more than EUR 70,000 in equipment and monitoring technology to be able to make all necessary repairs on fuel cell vehicles while complying with German safety standards. The garage had already been inaugurated at the end of 2015. Managing partner Stefan Russ told the Nürtinger Zeitung: “Thanks to our customers, we can already service F-Cell vehicles according the manufacturer’s instructions. Our new repair shop has us well prepared for future car generations.”