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Balancing act between commercialisation and project business

Balancing act between commercialisation and project business

by | Jan 16, 2020 | Germany

E4tech

The new Fuel Cell Industry Review 2019 withmarket data and analyses was published in January 2020. Since 2014, E4tech’s team has been contacting fuel cell companies worldwide to build it, aggregating their supply figures and creating an independent annual reference point on the current state of the fuel cell industry. Some excerpts are presented below.

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Fuel cell use in the logistics industry

Fuel cell use in the logistics industry

by | Mar 6, 2018 | Asia, Europe, worldwide

forklift

Toyota forklift truck, © Toyota

The good news is that fuel cells for materials handling equipment are no longer confined to a niche market. Entire warehouses in North America are currently being served by hydrogen-powered forklift trucks. This type of fuel cell application is also becoming increasingly popular in Asia and Europe, but their logistics industries will have some catching up to do. (more…)

Rising Fuel Cell Demand

Rising Fuel Cell Demand

by | Dec 1, 2017 | worldwide

stackH2-international has recently asked manufacturers of fuel cell stacks not only about their systems’ technical specifications, but also about their opinion of current market developments. As only seven companies participated in the survey, the results may not be very indicative of where the entire market is heading. However, you can discern a few trends. (more…)

Ballard Power: How to Become Profitable

Ballard Power: How to Become Profitable

by | Nov 2, 2017 | Europe, North America

prices

* Historical prices from Sept. 15, 2017, © www.wallstreet-online.de

A second-quarter loss of USD 1.2 million or USD 0.01 per share is one thing, but a more than 50 percent year-on-year jump in revenue to USD 26.1 million is quite another. Canadian-based Ballard (Nasdaq: BLDP) managed to push the gross margin to 38 percent, so that earnings before interest, taxes, depreciation and amortization were at positive USD 1.1 million. That’s plus USD 0.4 million through the first half year. Revenue grew by 45 percent to USD 49.2 million during the same period. (more…)

Plug Power – USD 130 Million Revenue in 2017

Plug Power – USD 130 Million Revenue in 2017

by | May 3, 2017 | North America

The minus USD 0.11 per share was a much higher loss than the USD 0.06 that had been anticipated. The adjusted EPS is said to be at USD 0.08 per share. The company’s revenue increased to USD 32.6 million in the final quarter of 2016 – while USD 34.8 million had been expected. The net loss attributable to common shareholders (incl. large extraordinary items) added up to USD 57.6 million at USD 85.9 million in revenue. This fiscal year, GAAP revenue is expected to grow to USD 130 million. Where does the company go from here? The focus of Plug Power (NASDAQ: PLUG) is the materials handling market, and it’s doing well on it regarding customers and bookings. (more…)