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Plug Power – new manager comes from Tesla

Plug Power – new manager comes from Tesla

by | Oct 15, 2021 | Germany

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. (more…)

Siemens Energy – One-Stop-Shopping

Siemens Energy – One-Stop-Shopping

by | Oct 15, 2021 | Germany

Tarragona Chem Complex North, © Siemens Energy

Tarragona Chem Complex North, © Siemens Energy

Siemens Energy CEO Christian Bruch put it clearly in an interview to members of the German Hydrogen and Fuel Cell Association (DWV) a few months ago: The technology group wants to be a global player in the hydrogen sector – starting with electrolysis and ending with the use of hydrogen in various markets. The group is now being expanded in this direction, although in the short term the negative influence of the wind turbine subsidiary Gamesa (67 percent share, approx. 11 billion euros stock market value; that of Siemens Energy is only approx. 9 billion euros for 22 billion euros turnover) had a negative impact on their own balance sheet – a loss of minus 307 million euros. (more…)

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Tesla – contradictory reports

Tesla – contradictory reports

by | Oct 15, 2021 | Germany

Tesla ServiceThe second quarter of this year was a very good one for Tesla, with 201,250 electric cars delivered – a record. On the other hand, more and more comments are appearing that the quality of the vehicles leaves much to be desired. In addition, the market share of this frontrunner in battery-electric mobility is falling massively. In Europe, it is only about 5 per cent in the last quarter (but 13 per cent in China), because companies like VW are gaining a lot of ground and other manufacturers are constantly launching new models. Tesla will certainly find answers, such as a low-cost variant, Model 2, which according to media reports could make its début in 2022.

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Growing efforts to decarbonize through hydrogen

Growing efforts to decarbonize through hydrogen

by | Jul 21, 2021 | Germany

Historical prices of the stocks discussed in this issue
© wallstreet-online.de, Retrieved June 8, 2021

A market report recently published by news agency Bloomberg concludes we’re well on our way to a hydrogen revolution. I’d call it a megatrend. The report’s authors expect USD 2.5 trillion, that is, USD 2,500 billion, will pour into the hydrogen and fuel cell sector by 2050. The International Energy Agency agrees. Between 2018 and 2020, an estimated USD 1.5 billion per year went into developing the market, a figure said to climb to USD 38 billion by 2040. By 2050, investments will reportedly grow to USD 181 billion – again, per year. All these forecasts are based on targets already set by countries, global organizations and companies themselves.

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Plug Power – new manager comes from Tesla

Nikola Motors – competition is good for business

by | Jul 21, 2021 | Europe, Germany, North America, worldwide

It seems like Nikola Motors [Nasdaq: NKLA] was able to stop the bleeding of the past few months. The stock is rising again. Up to 30 million shares are now traded each day, a comparatively high volume for the company. The new-found optimism among investors seems to stem from reports about Nikola’s recent progress in meeting its targets. Construction of the Arizona factory is well underway. Then there are new production facilities being built in Ulm, Germany. And another boost for the stock came when competitor Daimler Truck announced its intention to have 5,000 hydrogen-fueled heavy-duty vehicles on the road over the next few years, with business partner Shell providing the fueling infrastructure. Sounds a lot like Nikola’s business model, the difference being that Nikola will produce its own hydrogen, and be able to keep the revenue, instead of outsourcing the task to another company.

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