With US$ 5 billion in the bank, Plug can position itself perfectly in the hydrogen and fuel cell theme complex. This includes its own H2 production as well as the development of alliances, such as the most recent one with Renault. And it is advisable – in my opinion – to reduce the one-sided focus on the market for forklift trucks (material handling), since the major manufacturers such as Toyota and Kion are pursuing their own hydrogen strategy in the future and the devices of future generations will already have a fuel cell system included, so that the conversion or expansion of a battery is not necessary.
Hanover Trade Show: Big H2 Industry Investments
Tobias Renz was able to celebrate a bit of a record this year: With overall 160 exhibitors from 25 countries, there have never been so many booths on the joint space of Hydrogen + Fuel Cells + Batteries organized by him. One of the reasons for this success may have been the many participants from the US, which alone had sent 21 industry representatives to the German trade show. America was this year’s partner country of the world’s biggest industrial exhibition.