After the second-quarter figures from Ballard Power Systems came in at the end of June, there were several good news that underline which huge potential the Canadian fuel cell manufacturer can tap in China and Japan. The share price jumped more than 60 percent. The most recent business Ballard won over as a partner was Chinese Broad-Ocean. The corporation boasts an annual production of more than 50 million motors worldwide and supplies several top-notch carmakers
The new non-GAAP accounting is still creating confusion. Based on non-GAAP, Plug managed to increase revenue in the second quarter to above USD 36 million. But although the USD 13 million loss that the company reported for the same period was indeed a reduction compared to growth, it continues to have a negative impact on the stock price. Many of the company’s agreements are lease contracts and partial revenues must be recognized in each period. By its own account, Plug is working to provide greater clarity here.
Hyundai has been on the market with its mass-produced ix35 fuel cell car since 2013. Last year, 250 units were shipped to Europe, with 120 sold or leased to German businesses alone. And this year, Linde established BeeZero, which ordered as many as 50 of them for its vehicle-sharing service in Munich. Even though the fuel cell version won’t be coming to every Hyundai dealership within the next months, H2-international put it to the test for nine days
Hyundai is one of the few carmakers in the transportation sector to have already made use of the fuel cell as a mass production feature in road transport. Its European subsidiary organized a several-day trip from Bergen in Norway to Bolzano in Italy to offer drivers from across the continent plenty of opportunities to test out the car even over longer distances.
The UPS industry was supposed to be the fourth pillar of the German National Innovation Program Hydrogen and Fuel Cell Technology (NIP). Instead, the niche market considered to be an innovative force in the industry has yet to offer more than a glimpse into its possibilities. Industry network Clean Power Net (CPN) has tried to instill confidence by posting encouraging news articles
Hydrogen is thought to be a highly efficient and an almost perfect solution for energy storage. And its importance is growing in light of the volatility of renewable energies. But the conventional and rather complicated hydrogen generation through solar energy and subsequent electrolysis reduces the efficiency of the process. An interesting alternative could be artificial photosynthesis, for which researchers all over the world are developing the methods.
German association Solar Mobility (BSM) should at least be known to those who attend automotive or energy trade shows from time to time. Since its founding in 1989, the BSM has had a large exhibit at many of these events and offers a variety of vehicle types – from solar-powered cars to electric buses – for attendees to touch and discuss. To some, the association may at first seem to cater primarily to visionary pioneers of the solar industry
Since this summer, Germany has been able to offer eco-conscious drivers two more opportunities to fill up their hydrogen tanks. The first new station went online in Wuppertal on June 19 and is viewed as the prototype for the planned nationwide H2 infrastructure, according to the Clean Energy Partnership. The project supported by EUR 670,000 consisted of the addition of a hydrogen fuel pump to the Shell gas station
On June 24, 2016, French technology supplier Areva H2Gen inaugurated its first production facilities for PEM electrolysis systems in the presence of the country’s environment minister, Ségolène Royal. The new buildings are in Les Ulis near Paris, France, at the company’s main plant, which has seen a doubling in staff in the two years
On July 8, the Renewable Energy Sources Act 2017 (EEG 2017) was passed by both houses of the German parliament. Its most important addition is that from 2017 on, “rather than being fixed by the government, future rates of renewables funding will be determined by the market by means of dedicated auction schemes,” the economy ministry announced. Whereas the parliamentary opposition and several environmental associations have criticized the EEG 2017, the BMWi described it as the “next phase of the energy transition.”