Hydrogen aka H2/HY is considered the ideal material for the energy transition: It is easy to produce and is available in almost infinite quantities. It can be stored and transported relatively easily. When hydrogen is finally converted into electricity in a fuel cell, no exhaust gases are emitted. Something better has not yet been invented.
Other Hydrogen engery related domain names
What if there were a substance that could be produced from almost infinite resources? A material that contains energy and, compared to electricity from wind power or photovoltaics, is relatively easy to store and distribute? A material that can be burned to power stationary and mobile machines and that leaves no pollutants behind in the process? Wouldn’t that be an important and good thing? It is. The best part is that it already exists. We know it under the name hydrogen.
As it ended in 2020, so it continues in 2021. The hype in hydrogen stocks continues unabated. Plug Power has been rushing from all-time high to all-time high for months now. From 3 dollars at the beginning of the year has now become 66 dollars. On Tuesday alone, the stock gained another 20 percent, and today it is up another 2 percent. The new cooperation with Renault is pushing the share price into completely new spheres.
Ballard Power delivers to Scotland. The Canadian hydrogen specialist announced Tuesday an order from Arcola Energy. The U.K.-based hydrogen and fuel cell integration leader, which specializes in zero-emission solutions for heavy-duty vehicles and transportation applications, has ordered Ballard FCmove TM -HD fuel cell modules from the Canadians to power a passenger train. The news sent Ballard Power’s stock up nearly 20 percent on Tuesday and nearly 2 percent today. That also gives Ballard stock a 378 percent performance since the start of 2020. Not as much as Plug Power’s nearly 2,000 percent over the same period, but still very respectable.
Linde and ITM Power are building the world’s largest PEM electrolyser plant. North American stocks have come forward and today European stocks are following suit. Linde announced today that the DAX-listed group will build and operate the world’s largest PEM (proton exchange membrane) electrolyser plant at the Leuna Chemical Complex in Germany.
This new 24-megawatt electrolyzer will produce green hydrogen to supply Linde’s industrial customers via the company’s existing pipeline network. In addition, Linde will distribute liquefied green hydrogen to gas stations and other industrial customers in the region. All of the green hydrogen produced can power approximately six hundred fuel cell buses that travel 40 million kilometers and save up to 40,000 tons of carbon dioxide tailpipe emissions per year.
The electrolyzer will be built by ITM Linde Electrolysis GmbH, a joint venture between Linde and ITM Power, using highly efficient PEM technology. The plant is scheduled to start production in the second half of 2022.
Clean hydrogen is a cornerstone of German and EU strategies to address the challenge of climate change. It is part of the solution to reduce carbon emissions in many industries, including chemicals and refining.
The news pushes ITM Power’s stock up just over 8 percent, bringing its performance since the beginning of last year to 740 percent.
PowerCell also reports an order. The Swedes have received an order for an MS-100 fuel cell system from a leading European construction equipment manufacturer. The system is expected to be delivered at the end of the first half of 2021.
The customer will use the system to test how fuel cells and hydrogen can be used to electrify a wheel loader. Last April, PowerCell introduced new strategic priorities that include an increased focus on off-road vehicles such as construction equipment.
Various types of construction equipment almost always run on diesel and therefore produce large emissions of carbon dioxide and pollutants such as soot and nitrogen oxides. Electrification based on fuel cells and hydrogen is an extremely attractive alternative for these types of vehicles, offering the same driving performance and uptime as conventional powertrains without emissions other than water.
After it has been rather quiet around PowerCell lately, investors are happy about the new order today, helping the stock to gain almost 5 percent. Thus, the share has recorded a plus of slightly more than 175 percent since the beginning of January 2020.
The well-known addresses from the industry have meanwhile had an enormous price development and have thus also reached very high valuations. Investors who are not yet invested should not chase the prices, but wait for larger setbacks in the securities. those who are invested should think about taking profits or prepare for a larger setback.