September 17th, 2024 | 07:25 CEST
Daimler Truck, dynaCERT, Plug Power – There is hope for hydrogen
Hydrogen technology faces similar challenges to electromobility. Yet, there are reasons for hope. It is not necessarily a choice between electric or hydrogen; a combination of both is possible, as demonstrated by the introduction of ultra-fast fuel cell charging stations for electric vehicles. In parallel, the German government is promoting this green revolution, supported by pioneering industry events such as ACHEMA 2024. Companies like Enapter AG are celebrating remarkable revenue increases. Everyone agrees on one thing: the environment must be protected. Solutions will be showcased at the upcoming IAA Transportation in Hanover and the 9th Supplier Marketplace Hydrogen and Fuel Cell Technology in Berlin.
time to read: 5 minutes
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Author:
Armin Schulz
ISIN:
Daimler Truck Holding AG | DE000DTR0013 , DYNACERT INC. | CA26780A1084 , PLUG POWER INC. DL-_01 | US72919P2020
Table of contents:
"[...] Why should a modular electrolyzer cost more than a motorcycle? [...]" Sebastian-Justus Schmidt, CEO and Founder, Enapter AG
Author
Armin Schulz
Born in Mönchengladbach, he studied business administration in the Netherlands. In the course of his studies he came into contact with the stock exchange for the first time. He has more than 25 years of experience in stock market business.
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Daimler Truck - Focus on Innovation
Amid the current downturn in the automotive industry, the IAA Transportation, the international trade fair for commercial vehicles, kicks off today in Hanover. Demand for trucks and vans in Germany remains subdued, partly due to the extensive investments made by manufacturers in new technologies and alternative drive systems. According to the German Association of the Automotive Industry (VDA), the focus this year is on electric and hydrogen drives. VDA President Hildegard Müller emphasized that the industry has already developed and produced climate-neutral and digital mobility solutions and that the task now is to get these vehicles on the road in large numbers.
One of the highlights of the trade fair is the European series launch of the Mercedes-Benz eActros 600, which Daimler Truck presented on Sunday evening. This long-haul electric truck has a battery capacity of over 600-kilowatt hours and can travel up to 500 km without intermediate charging. If the legal driver breaks are adhered to, the eActros 600 can cover over 1,000 km daily. The market launch is scheduled for the end of November. Daimler Truck emphasizes that this step is essential to sustainably reduce CO2 emissions in long-distance transport, as this sector is currently responsible for two-thirds of emissions in truck transport.
At Daimler Truck, Karin Radström will be responsible as the new CEO from October 1. She replaces Martin Daum, who is leaving at the end of the year. Radström, who has been on the board since 2021, is tasked with further advancing the strategic restructuring of the Company. In particular, this includes the transition from combustion engines to electric and hydrogen drives, a project that is to be implemented in the long term. Under the new leadership, Daimler Truck aims to become the largest and leading commercial vehicle manufacturer in Europe in terms of margins. The news of the change in leadership was not well received by shareholders. The share price plummeted to EUR 29.61. Currently, one share costs EUR 31.03.
dynaCERT – Marketing campaign in Germany and at the IAA Transportation
In a world that is increasingly focusing on sustainable practices, transportation companies can take steps to reduce their emissions. dynaCERT's HydraGEN™ technology offers an efficient solution to reduce fuel consumption by up to 10% while significantly reducing harmful emissions such as CO2 and NOx. With little installation effort and a quick ROI of less than a year, the use of this innovative technology is particularly beneficial for companies that want to position themselves as environmentally conscious early on. It will be even more rewarding when Verra certification is complete, and CO2 certificates are generated.
dynaCERT is launching a major marketing campaign in Germany to raise awareness of its HydraGEN™ technology. This technology, which is used in diesel engines and is easy to retrofit, is the focus of the promotion, which will take place from September 16 to 25, 2024. Bernd Krueper, the new President, will meet with political and industry officials at the IAA TRANSPORTATION 2024 in Hanover. This trade fair is considered the most important global platform for logistics and transportation and is an ideal opportunity for dynaCERT to reach potential customers and investors. Jim Payne, CEO and Chairman, will also meet with investors in Germany next week.
In parallel with the activities in Germany, dynaCERT is expanding worldwide. New orders for its HydraGEN™ technology have been placed by mines in Brazil and Peru and by companies in Mexico and Australia. A total of 119 units have been delivered to South America, while 8 units are destined for the Mexican and Australian markets. These orders follow successful pilot projects demonstrating the technology's effectiveness in the field. Jim Payne commented that the global acceptance of HydraGEN™ technology reaffirms dynaCERT's commitment to reducing fuel consumption and emissions. The stock jumped slightly and is currently trading at CAD 0.205.
Plug Power – Opportunities and risks
Plug Power has once again failed to meet analysts' expectations with regard to quarterly figures, particularly in the core areas of fuel cell systems and hydrogen infrastructure. Despite these disappointments, the Company was able to improve its margins, prompting some analysts to upgrade from "Sell" to "Hold". However, the high cash burn rate remains a major concern. This could impact growth in the long term, even if short-term liquidity is ensured by selling shares, as has recently been the case. The Company is still aiming for annual revenue of USD 825-925 million. However, Plug Power would have to double its revenue in the second half of the year to achieve this.
Despite the financial challenges, Plug Power also has a promising outlook thanks to rising demand for green hydrogen. The Company plans to become profitable by selling green hydrogen and electrolysers, supported by tax incentives that reduce production costs. Plug Power is investing heavily in the expansion of new production facilities, positioning itself as one of the pioneers in the emerging green hydrogen market. Large-scale contracts and collaborations, such as with Amazon, also support this positive development.
On September 12, Plug Power was finally able to announce a new order: the Company has entered into a contract with H2DRIVEN to support the technical evaluation phase for a 25 MW Proton Exchange Membrane electrolyser (PEM) for a green methanol project in Portugal. This order underscores Plug Power's expertise and leadership in PEM electrolyser technology and adds further hope for the Company's future. Most analysts currently recommend the share as a "Hold", with 8 recommending "Buy" and 4 recommending "Sell". The average target price is USD 4.01. At the current price of USD 1.97, the share still has significant potential.
Daimler Truck is introducing the eActros 600 and promoting long-term climate-friendly drives. In the future, trucks with hydrogen drives will follow. dynaCERT improves diesel efficiency and reduces emissions with its HydraGEN™ technology by injecting hydrogen and oxygen. In addition, international customers are being acquired. Plug Power, despite financial challenges, is showing significant potential in the green hydrogen market through partnerships and technological advancements. These efforts highlight the importance of innovation and collaboration in creating a more sustainable future and minimizing the environmental impact of the transportation sector.
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