Freudenberg Sealing Technologies (FST) is regarded as one of the pioneers of fuel cell technology, at least in Germany. The globally active seal manufacturer is one of those automotive suppliers who see the far-reaching changes in the mobility sector as an opportunity. With the purchase of battery manufacturer XALT Energy and parts of FC supplier Elcore in 2018, the basis was laid.
Trains running on hydrogen could be used in the future as an alternative to diesel-driven railcars on non-electrified parts of the railroad system. Although railroad cars with fuel cell-battery engines still cost up to a million euros more than today’s diesel models, the efficiency gains of fuel cells and the lower maintenance requirements could lead to cost savings of 25% over the medium term, an economic analysis found. The first tests of the new technology are said to be conducted in the German states of Lower Saxony and Hesse.
The large increase in the number of orders placed with each one of the fuel cell businesses analyzed in this and following articles promises a very bright future for the industry. Prototypes give way to mass production. The recent stabilization of the oil price is an effective mental tool. The road to profitability is there. The shares have potential – but not everyone has realized it yet!
FuelCell Energy specializes in large-scale projects using fuel-cell technology to generate clean energy (electricity and heat). It is also leading in technologies such as CO2 capture and storage. The company recently secured a contract award by the American Department of Energy for a scalable CO2 capturing project (e.g., for coal-fired power plants) potentially worth around US$ 24 million. The system used