LATHAM, N.Y., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Plug Power, (NASDAQ: PLUG) (Plug), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and Johnson Matthey (JM), a global leader in sustainable technologies, today announced a long-term strategic partnership to accelerate the green hydrogen economy. JM will become an important strategic supplier of MEA components, providing a... Read more
VANCOUVER, BC, Jan. 23, 2023 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an order for a fuel cell system to CrossWind, a joint-venture between Shell and Eneco. The Ballard fuel cell system will be integrated in the Hollandse Kust Noord offshore wind project. The Hollandse Kust Noord offshore wind project, located off the coast of the Netherlands, will have a capacity of 759 MW to... Read more
TORONTO, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“PWWR” or the “Company”), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to announce that its wholly owned Belgium subsidiary, Fuel Cell Power NV (“FCP NV”), has launched the prototype of its micro-combined heat... Read more
VANCOUVER, BC and AHMEDABAD, India, Jan. 17, 2023 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today signed an agreement to launch a pilot project to develop a hydrogen fuel cell electric truck (FCET) for mining logistics and transportation with Adani Enterprises Limited (AEL) (NSE: ADANIENT), part of the diversified Adani portfolio of companies, and Ashok Leyland. This collaboration marks Asia's first... Read more
Expansion of Plug’s Fuel Cell Manufacturing Will Bring 1,600 New Jobs to New York State over Five Years Plug Broke Ground on Campus in March 2022 and Achieved Site Commissioning Just Nine Months Later LATHAM, N.Y., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, welcomed guests on Thursday to Vista... Read more
LOUISVILLE, Colo., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Solid Power, Inc. (Nasdaq: SLDP) announced today that it received notification of an award from the U.S. Department of Energy (DOE) ARPA-E group to continue its development of nickel- and cobalt-free solid-state battery cells. Solid Power expects to receive up to $5.6 million to develop battery cells containing a lithium metal anode and sulfur composite cathode... Read more
LATHAM, N.Y., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has been awarded an order to deliver two 30-tons-per-day (TPD) hydrogen liquefaction systems (also known as hydrogen liquefiers) to TC Energy Corporation (TSX, NYSE: TRP). These 30TPD hydrogen liquefaction systems utilize a hydrogen... Read more
Fourth Quarter Fiscal 2022 Financial Highlights(All comparisons are year-over-year unless otherwise noted) Revenues of $39.2 million compared to $13.9 million Gross loss of $(15.2) million compared to $(8.4) million Loss from operations of $(42.7) million compared to $(22.6) million Fiscal Year 2022 Financial Highlights(All comparisons are year-over-year unless otherwise noted) 88% increase in total... Read more
Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent"), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today launched a proof of concept ("PoC") project with Vantage Towers Greece (“Vantage Towers”) to replace diesel generators with fuel cells. Vantage Towers Greece is the largest and only independent tower infrastructure company in Greece, operating more than 5,250 towers for... Read more
TORONTO, Dec. 16, 2022 (GLOBE NEWSWIRE) -- Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“AFCP” or the “Company”), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to announce a private placement offering of units of the Company (“Units”) at a price of $0.06 per Unit (the “Offering”). The aggregate... Read more
Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce the successful delivery of its Serene HT-PEM fuel cell systems to BSZ Netz GmbH (“BSZ”), a German-based subsidiary of TSG Transmission Systems Germany GmbH, specializing in the manufacturing and distribution of sustainable redundant power... Read more
BROOKLYN, N.Y. and VANCOUVER, BC, Dec. 8, 2022 /CNW/ - Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, announced the signing of a contract to purchase fuel cell engines from Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) a leading global provider of zero-emission fuel cell technology, for ammonia-to-power maritime applications. Ballard's FCwaveTM engine is a scalable fuel cell... Read more
DANBURY, Conn., Dec. 06, 2022 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced it is accepting orders for its solid oxide electrolyzer and solid oxide fuel cell platform. The platform will give more organizations the option to implement a flexible energy strategy in order to: Start their energy transition today knowing they can shift to 100% zero-carbon hydrogen in the future. Produce... Read more
Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent“ or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced the successful completion of a research and development project commissioned under a programme of and funded by the European Space Agency (“ESA”), dedicated to the development of a closed-loop regenerative fuel cell system (“RFCS”) earlier this... Read more
Transaction will accelerate Cummins’ development of electrified power solutions Global power and technology leader, Cummins Inc. (NYSE: CMI) today announced that it, through its subsidiary Meritor, has completed its acquisition of Siemens’ Commercial Vehicles business, a leading global supplier of high-performance electric drive systems for commercial vehicles. In May 2022, Meritor, Inc. announced it had entered... Read more
TORONTO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“PWWR” or the “Company”), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to announce that its Belgium subsidiary, Fuel Cell Power NV (“FCP NV”), has achieved a significant milestone in the development of its... Read more
TORONTO, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“PWWR” or the “Company”), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to announce that on November 3rd, 2022, the Company executed a non-binding letter of intent (the “LOI”) with AmmPower Corp. (“AmmPower”), a... Read more
VANCOUVER, BC and BOLECHOWO, Poland, Nov. 17, 2022 /CNW/ - Ballard Power Systems (NASDAQ: BLDP), (TSX: BLDP) today announced a purchase order from repeat customer Solaris Bus & Coach sp. z o.o. ("Solaris"; www.solarisbus.com), a leading European bus manufacturer, for 25 hydrogen fuel cell engines. The 70kW fuel cells will be installed in Solaris' Urbino 12 hydrogen buses for deployment to Polish public... Read more
DETROIT and OSLO, Norway, Nov. 16, 2022 /PRNewswire/ -- Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE: NEL), has entered into a joint development agreement with General Motors (NYSE: GM) to help accelerate the industrialization of Nel's proton exchange membrane (PEM) electrolyzer platform. By combining GM's extensive fuel cell expertise and Nel's deep knowledge of electrolyzers, the two companies are looking... Read more
Q3 revenue of $2.4 million, a 43% increase from the prior year third quarter. Income from grants was $0.3 million, and the total of revenue and income from grants was $2.7 million. Net loss in Q3 of $11.5 million or $0.22 per share. Company holds cash reserves of $42.4 million as of September 30, 2022. Summary of Operational Highlights Official ratification received from the European Commission of the... Read more
TORONTO, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Alkaline Fuel Cell Power Corp. (NEO: PWWR)(OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) ("AFCP" or the "Company"), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to confirm the filing of its financial and operating results for the nine months ended September 30, 2022 and 2021. Select... Read more
Cummins Inc. (NYSE:CMI) has taken a minority stake in Exergy Energy, LLC. The Cummins – Exergy Energy partnership allows for the installation of Cummins power system solutions such as generator sets, energy storage systems, and switching equipment at the customer location to power the entire operation during grid outages or times of peak usage with no upfront CAPEX investment by the customer. Exergy Energy’s... Read more
California clean energy company expands European footprint, boosts Italian energy independence Bloom Energy (NYSE:BE) has partnered with Cefla, a leading Italian engineering, procurement and construction company, for multiple megawatts (MW) of Bloom’s solid oxide fuel cells, expected to be deployed through 2025. The partnership will expand Bloom’s footprint in Italy and aid in Italian companies’ transition from... Read more
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the third quarter ended September 30, 2022. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). "We made important customer progress across our verticals during Q3, while also advancing our global manufacturing strategy... Read more
Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, proudly announces that Von McConnell has agreed to join its board of directors. Mr. McConnell has nearly forty years of executive experience in the telecommunications sector, including approximately twenty years working for Sprint Corporation (now T-Mobile), where... Read more
Third quarter revenues of $7.3 billion GAAP1 Net Income of $400 million, or 5.5 percent of sales; diluted EPS of $2.82 EBITDA in the third quarter was 12.1 percent of sales Third quarter results reflect: Two months of operations from the acquired Meritor business, including $737 million in revenue and $37 million, or $0.26 per diluted share of GAAP1 Net Loss. Cummins also incurred $25 million, or $0.13 per... Read more
Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“AFCP” or the “Company”), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to announce that the Canadian Hydrogen and Fuel Cell Association (“CHFCA”), a national industry association focused on advancing the use of clean hydrogen and fuel cell technologies,... Read more
Massachusetts State Senator, State Representative, and Policymakers meet with Advent executives at the Company’s new Hood Park facility to discuss the key role of fuel cells in driving forward the clean energy transition Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today announced that on Friday, October... Read more
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced an agreement with FreezPak Logistics, a leading third party food logistics company, to provide fuel cells and hydrogen storage and fueling infrastructure to nine additional sites and nearly 400 lift trucks. The multi-site agreement makes FreezPak Logistics, a Plug customer since... Read more
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and Olin Corporation (NYSE: OLN), a leading vertically integrated chlor alkali producer and marketer, announced today the launch of a joint venture to begin with the construction of a 15-ton-per-day hydrogen plant in St. Gabriel, Louisiana. The joint venture, named Hidrogenii, will support... Read more
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, provides revenue expectations update for 2022. The company believes that its prior full year 2022 revenue guidance of $900-$925M could be 5% -10% lower for the year. The revenue impact reflects some larger projects potentially being completed in 2023 instead of 2022 due to timing and broader... Read more
Cummins Inc. (NYSE: CMI) will soon begin building its new gigawatt electrolyzer manufacturing plant in Guadalajara, Castilla-La Mancha, Spain, reaffirming the company’s commitment to expanding the green hydrogen economy in Europe and globally. Last year, Cummins announced it had selected Spain as the site of a new proton exchange membrane (PEM) electrolyzer plant. Earlier this year, the company purchased more than... Read more
Atura Power has selected Cummins Inc. (NYSE: CMI) to design and manufacture the electrolyzer system for its Niagara Hydrogen Centre in Niagara Falls, Ont. This will be Ontario’s first 20-megawatt (MW) green hydrogen facility. Cummins’ proton exchange membrane (PEM) electrolysis system will be manufactured at its Mississauga, Ont. facility and become the centrepiece of Atura Power’s Niagara Hydrogen Centre. Powered... Read more
Generac Power Systems (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power products, and EODev, a French developer and manufacturer of zero-emission hydrogen fuel cell power generators, today announced a formal distribution agreement. Generac will offer EODev's GEH2® – a large-scale, zero-emissions hydrogen... Read more
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) announced today its strategy 'local for local' where it plans to deepen its global manufacturing footprint in Europe, the United States and China to support global market demand growth through 2030. As part of this strategy, Ballard has entered into an investment agreement with the Government of Anting in Shanghai's Jiading District to establish its new China... Read more
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an order from Stadler Rail AG ("Stadler"; www.stadlerrail.com), a leading manufacturer of rolling stock, for the supply of six 100 kW FCmoveTM-HD+ fuel cell engines to power the first hydrogen train in the United States. The contract to provide the hydrogen-powered train was awarded to Stadler by San Bernardino County Transportation Authority... Read more
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an order for 14 x 200 kW fuel cell modules from Siemens Mobility GmbH ("Siemens Mobility"; www.mobility.siemens.com), a leading supplier in the development of alternative drives, to power a fleet of seven Mireo Plus H passenger trains. Delivery of the 14 fuel cell modules is expected to start in... Read more
World’s first site for the production of hydrogen at sea from offshore wind power relying on Plug’s leading electrolyzer technology Capacity to produce up to 400 kg of green hydrogen a day Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and Lhyfe, one of the world’s pioneers in the production of green and renewable hydrogen, announced... Read more
Pilot project to provide in-field proof of concept and operational data Advancing a potential solution for global utility companies to blend hydrogen and natural gas JV structured to support potential future growth and additional partnerships Progressus Clean Technologies Inc. (“Progressus” or the “Company”) is pleased to announce the execution of a letter of intent (“LOI”) with Alkaline Fuel Cell Power... Read more
Pilot project to provide in-field proof of concept and operational data Advancing a potential solution for global utility companies to blend hydrogen and natural gas JV structured to support potential future growth and additional partnerships Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“AFCP” or the “Company”), a diversified investment platform developing... Read more
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