Close menu




June 2nd, 2022 | 12:23 CEST

First Hydrogen, Plug Power, BYD - Green energy as a propulsion accelerator

  • Hydrogen
  • GreenTech
  • Electromobility
Photo credits: pixabay.com

Nine million people worldwide died from air pollution in 2019. According to the journal The Lancet Planetary Health, that makes dirty air more dangerous than deaths from drug abuse or alcohol consumption. Governments in Europe and China are developing new incentive programs to encourage industry partners to move faster than planned to green energy. First Hydrogen, BYD and Plug Power demonstrate what is happening in the market through their current projects.

time to read: 3 minutes | Author: Juliane Zielonka
ISIN: First Hydrogen Corp. | CA32057N1042 , PLUG POWER INC. DL-_01 | US72919P2020 , BYD CO. LTD H YC 1 | CNE100000296

Table of contents:


    Jim Payne, CEO, dynaCERT Inc.
    "[...] We are committed to stay as the number one Canadian and global leader in the Hydrogen-On-Demand diesel technology [...]" Jim Payne, CEO, dynaCERT Inc.

    Full interview

     

    First Hydrogen - Green energy with German partner FEV

    With the EU's oil and gas embargo, Europeans face turbulent times. Sanctions have a habit of primarily harming those who initiate them rather than specifically checkmating opponents. The Russia-Ukraine crisis, however, can be the springboard for accelerated innovation.

    A pioneer in the field of renewable energy is the Canadian-English company First Hydrogen. The Company focuses on zero-emission vehicles and the production and distribution of green hydrogen and carbon dioxide extraction systems. So it is fortunate that the German government has adopted a national hydrogen strategy. Green hydrogen is the only way to make certain processes in the chemical industry are climate-friendly while at the same time preserving jobs. Green hydrogen can be used in transportation and offers many advantages - especially where electrification is not practical or possible.

    The UK government is also looking to increase its use of green hydrogen. Since green hydrogen is the only option that does not require fossil fuels, it is the only form that is truly climate-friendly. First Hydrogen recognized the need long before any possible government decisions and is in the process of implementing it.

    Another partner in the First Hydrogen network is the German company FEV. FEV is the world's leading engineering service provider in vehicle and powertrain development and digital mobility. In 2017, the engineering service provider established a global Center of Excellence (CoE) to further advance the interdisciplinary development topics around connectivity and automation of future vehicle developments. FEV provides consulting support in developing software for autonomous driving, electrical and electronic architecture, and the selection of hardware for product design.

    BYD - Government pushes CO2 neutrality in its own country

    Chinese electric mobility company BYD (Build Your Dreams) is the world's leading manufacturer of battery-electric buses. Pilot projects in the US already demonstrate the sophisticated technology BYD uses to make vehicles emission-free. The Chinese government is also taking care of CO2 reduction with new measures. According to Reuters, the ruling party there is planning new financial instruments to help local companies move toward zero emissions.

    More than 4,000 people die every day in China from air pollution. US researchers report that 17% of all deaths are due to high levels of pollutants in the air. Every day, 38% of the billion-strong population breathes bad air. Every year, 1.6 million people die as a result of smog.

    The new guidelines aim to "create a tax and fiscal policy system that promotes the efficient use of resources and environmentally friendly, low-carbon development," the ministry said. According to the recommendations, the tax system should be adjusted to include more preferential measures to promote energy and water conservation and reduce carbon emissions. Import tariffs should also be adjusted to meet the requirements of low-carbon development, it says.

    In countries like China, the economy has grown since 2015. That means more energy consumption and, therefore, more polluted air from burning coal, oil and gas. BYD is leading by example.

    Plug Power - Leading by green example in the State of Denmark

    Plug Power Inc is a leading provider of turnkey hydrogen solutions for the global green hydrogen economy. The company has been awarded a contract to supply a one gigawatt (GW) electrolyzer to hydrogen company H2 Energy Europe. An electrolyzer is a device that breaks water down into its basic components - hydrogen and oxygen. This electrolyzer, planned for a green hydrogen production complex in Denmark, is the largest electrolyzer plant in the world to date. Through offshore wind energy, Plug's electrolyzer technology will be able to produce up to 100,000 tons of green hydrogen annually for the energy and transportation sectors in Northern Europe.

    "We see green hydrogen as the future and have made significant investments in green hydrogen, including the construction of a gigafactory for electrolyzer production," said Andy Marsh, CEO of Plug. "Our operational readiness and production capabilities were key to us being selected for the largest contract in the world to date, and we are pleased to be part of this project with H2 Energy."

    Just recently, Plug Power released its quarterly figures. Revenue for the quarter was EUR 131.3 compared to EUR 67 million in the first quarter of 2021. Material handling revenue for the quarter was EUR 89.5 million, while other product offerings generated approximately EUR 41.7 million in the first quarter of 2022, including electrolyzer solutions and recent acquisitions.


    Both governments and the private sector are making a strong case for the shift to renewables. While fuel rebates and 9-Euro Tickets are being experimented with in this country, companies such as First Hydrogen are focusing on developing state-of-the-art electric vehicles using green hydrogen. Plug Power is also working in large-scale industry on environmentally friendly energy production systems. And BYD is now receiving backing from the Chinese government. There, too, they now want to become more climate-neutral.


    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

    The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.


    Der Autor

    Juliane Zielonka

    Born in Bielefeld, she studied German, English and psychology. The emergence of the Internet in the early '90s led her from university to training in graphic design and marketing communications. After years of agency work in corporate branding, she switched to publishing and learned her editorial craft at Hubert Burda Media.

    About the author



    Related comments:

    Commented by Juliane Zielonka on September 28th, 2023 | 09:20 CEST

    First Hydrogen, Siemens Energy, PayPal - Innovative growth with hydrogen and its own currency

    • Hydrogen
    • greenhydrogen
    • Energy
    • renewableenergies

    Global Market Insights forecasts that the parcel delivery vehicle market is expected to reach over USD 210 billion by 2032, driven by the uninterrupted growth of e-commerce. First Hydrogen is a company specializing in sustainable propulsion solutions for such fleet vehicles. Hydrogen-powered vehicles are also currently finding their way onto the streets of India. India is the world's fifth-largest economy and is sending a crucial signal with hydrogen technology. First Hydrogen has positioned itself in a promising market. Siemens Energy is also betting on hydrogen. After the debacle caused by the takeover of the wind energy company Siemens Gamesa, the hydrogen deal with Air Liquide is finally leading to an increase in the share price. At PayPal, the new CEO is a breath of fresh air. The Company is expanding its growth potential in the direction of its own cryptocurrency. Find out what that means for investors here.

    Read

    Commented by Nico Popp on September 28th, 2023 | 09:05 CEST

    Germany - Car Country? The exodus begins: Mercedes-Benz, Volkswagen, First Phosphate

    • Mining
    • phosphate
    • Electromobility
    • Energy

    Cars still play a significant role in Germany. Many households have two vehicles, some even more. However, sales of new cars have weakened recently - the question of whether to buy a combustion engine or an electric vehicle, along with inflation, have deterred many buyers. German brand manufacturers are now being attracted to the US. There, they are enticed by subsidies and an intact market. Find out what the latest plans of Mercedes-Benz, Volkswagen, and others entail and which relatively unknown company could benefit.

    Read

    Commented by Fabian Lorenz on September 28th, 2023 | 07:10 CEST

    BYD unstoppable. Sell Varta shares? 200% with Almonty Industries?

    • Mining
    • Tungsten
    • Electromobility
    • renewableenergies

    Electromobility and the energy transition offer numerous investment opportunities along the value chain. Take BYD, for example. The Chinese company is increasingly becoming the e-car market leader. Could they soon even dethrone Tesla? That should make the stock interesting. And what about Varta? The battery manufacturer disappointed investors last year. Is the stock attractive now? Analysts continue to take a critical view of the Company. Almonty Industries is a different story. After the latest half-year figures, the experts at Sphene Capital advise buying. From 2024, sales and profits of the tungsten producer are expected to grow strongly. According to the analysts, the share could triple.

    Read