Travel report from India by Sven Jösting The Green Hydrogen in India congress took place in New Delhi on April 18 and 19, 2023. The occasion prompted an invitation for … Read more
Plug Power sees itself as a generalist: from H2 production to liquefaction technologies, own electrolyzer production, construction of H2 refueling trailers and stations, and the manufacture of FC stacks for … Read more
Good figures for first quarter 2023: Turnover rose over 37 percent compared with the prior-year quarter to 275 million USD. Regarding the year as a whole, the first half of the … Read more
A look at the share prices of hydrogen and fuel cell companies, which have come under severe pressure, suggests that something is not right with the new megatrend hydrogen. What … Read more
Regardless of the many good news and developments around hydrogen, there must of course also be a critical consideration of the aspects that may, for example, hinder or delay rapid build-up of production capacity. In addition to adverse influences due in part to misunderstood or counterproductive regulatory measures (EU/Germany) are aspects such as the shortage of skilled workers, supply chain problems and financing.
The shares of Weichai Power could not escape the negative trend in the fuel cell sector. They suffered from the lockdown in China, but now we can see a strong upward trend again.
FuelCell Energy should actually have generated a quarterly turnover of over 30 million USD in the second quarter, ending April 30th (fiscal year), but it was by then only about 16 million USD with a stated loss in the amount of about 31 million USD, or minus 0.08 USD per share. The management board nevertheless believes that they are on track to achieve a turnover of 300 million USD by 2025, and 1 billion USD by 2030. The order backlog was almost unchanged at about 1.3 billion USD. In the bank lies a formidable 490 million USD, for which a multitude of share placements (64 million new shares) is responsible – in proportion to the stock exchange value of 1.4 billion USD, a healthy basis, even if the question arises as to how these share placements were justified.
Now it has come to the final step with the loss-making Siemens Gamesa: Siemens Energy will fully integrate the 67.1% subsidiary, as was to be expected. The parent company is buying the remaining shares via a takeover bid for 18.05 EUR per share. As interim financing, a loan in the amount of 4 billion EUR was taken, which will surely be refinanced through the issuance of treasury shares – there’s talk of up to 2.5 billion EUR. Now, there can be – as similarly put in some commentaries – a crackdown, as not all figures at the subsidiary were so transparent and some calculations are now being reconsidered.
Huge news has reached us regarding Plug Power: H2 Energy Europe has contracted Plug for an electrolysis capacity in the amount of 1 GW. A complex is to be built in Denmark and the regenerative electricity generated via wind power. The goal is to produce 100,000 tonnes of green hydrogen per year, which is to be used primarily in hydrogen-powered trucks, specifically to fuel 150,000 of them per day.
Hyzon Motors was able to close the first quarter with a low stated loss of minus 0.03 USD per share. At the end of the quarter, cash and cash equivalents amounted to about 407 million USD. This should be evaluated in relation to the stock market valuation of about 1 billion USD. The build-up of capacity is proceeding according to plan. So 10 to 15 trucks for testing will be delivered to customers by the end of the year. A total of around 300 to 400 commercial vehicles are to be delivered in 2022. It is said that a variety of customers is involved, among them in China.