The idea of carmakers running their own car sharing enterprises has been around for years. But an insurance company leasing hydrogen-powered trucks is something completely new. Indeed at first glance the plans put forward by hylane, a subsidiary of German insurer DEVK (historically an insurance fund for railroad employees), seem rather unconventional. During the course of the company’s press conference on April 11, 2022, however, the partners involved made it clear that unusual times occasionally call for unusual measures. The same applies to the H2 Delivery brand which began marketing its rental concept in December 2021.
Things are happening on the analyst and investor front: BlackRock has raised its position in Hyzon Motors. Over 100 institutional investors are already involved. The largest of these is the Saudi Arabian state fund PIF, which holds over 8 million shares. Billionaire Izzy Englander named Hyzon as one of his top three picks and acquired 1.36 million shares.
Two truck heavyweights become partners
Volvo and Daimler have substantiated their plans to use hydrogen for large long-distance trucks. During an online presentation event at the end of April 2021, Martin Lundstedt, President of the Volvo Group, specifically named the high possible payloads and the long ranges as decisive criteria for the use of fuel cell technology. He also held out the prospect of large-scale production starting after 2025 and a gigafactory for fuel cells being built by then. Initially, pre-series production is to take place in Esslingen near Stuttgart. The final location question is to be clarified in 2022.
In February 2021, JA-Gastechnology, also known as JAG, shipped a permeation climatic chamber to a U.S. commercial vehicle manufacturer. Based in Burgwedel, Germany, JAG reported that it is the “world’s biggest climatic chamber for hydrogen trucks,” capable of carrying out pressure cycling tests and permeation measurements. With an internal diameter of 10 feet (3 meters), … Read more
Electric trash trucks in high demand
Trash trucks are a bit of a standout among specialized vehicles, since they require energy for both powertrains and hydraulic systems. Fuel cells have long been known to be a very good fit for these trucks, allowing efficient, low-noise operation in residential areas. In 2011, Faun Umwelttechnik delivered a trash truck outfitted with a fuel cell-powered loader to Berlin‘s waste management company BSR (see HZwei, October 2011). This August, the company announced that after putting a second prototype to the test, it was now ready to bring the vehicle to market.
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.
FuelCell Energy’s shares have experienced a sharp drop for seemingly no reason. It may have been a tactic intended to push down the price, for example, to profit via short sale in anticipation of the fall and convert warrants later. That is pure speculation, of course, but people say these things have happened before. In any case, the most recent investment decisions seem to be an unmistakable sign that institutional investors believe in the company’s prospects and its technology.
H2-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.
The zero-emission future of the transportation sector has prompted an increasing number of energy policy debates on railroad electrification. At Hannover Messe, it was Alstom’s new fuel cell train that garnered much attention. After having been developed in less than two years, it had its first run in mid-March and will reportedly be used to transport passengers starting in 2018.
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.