Author: Anela Dokso

Ballard Power Systems, facing a significant 32% revenue decline even with record hydrogen fuel cell shipments in 2024, underscores the prevailing challenges in the hydrogen industry. Despite shipping a remarkable 56 MW of power—an increase of nearly 30% from 2023—Ballard’s financial disarray highlights broader market dynamics and strategic misalignments. Crucial to understanding this revenue contraction is the staggering 86% drop in the rail segment, complemented by a 66% and 61% decline in truck and marine sectors, respectively. However, not all is bleak, as the bus segment exhibited a robust 51% increase, generating $44.2 million over the past year, showcasing a…

Partnerships between industry players are gaining traction in the energy sector, and the collaboration between Charbone Corporation and ABB is a testament to this trend. Their ambitious plan to develop 15 green hydrogen production sites across North America signals a significant strategic move in the race to transition to sustainable energy. Charbone-ABB project could offer a model solution to economic challenges. By jointly leveraging Charbone’s advanced hydrogen production techniques and ABB’s expertise in automation and electrification, the collaboration aims to enhance efficiency and reduce costs. This aligns well with industry ambitions, such as those outlined in the U.S. Department of…

Southwire, a leading North American manufacturer of wire and cable, has partnered with Plug Power to implement a clean hydrogen ecosystem at its new distribution site in Dallas-Fort Worth, Texas.

Thailand’s government has recently approved a monumental investment deal, allowing Sunwoda, a significant player in the battery market, to proceed with a $1 billion investment aimed at establishing electric vehicle (EV) battery cell plants in the country.

The electric vehicle (EV) battery industry has recently been jolted by an unexpected development as Swedish EV battery producer Northvolt has filed for bankruptcy.

The hydrogen sector is witnessing a strategic shift marked by key industry movements such as Thor Energy PLC’s recent advancement in South Australia.

It may be unprecedented in financial history when the Norwegian Sovereign Wealth Fund, custodian of $1.6 trillion in assets, undertakes a substantial shift by subjecting 96% of its portfolio to natural capital risk assessment.

GASCADE has undertaken the initial hydrogen filling for the first section of its ambitious Flow program, a move signaling a critical shift in energy transportation methods. This development comes as part of a broader strategy to convert approximately 400 kilometers of pipeline to accommodate hydrogen by 2025, aligning with European Union goals to reduce carbon emissions by integrating sustainable energy solutions. Such a large-scale transition to hydrogen infrastructure not only underscores GASCADE’s commitment to decarbonization but also marks a pivotal advancement in the energy sector’s race towards net-zero emissions. The Flow program’s progress is watched closely by industry experts and…

Technological behemoth Siemens, in collaboration with the Chinese hydrogen solutions provider Guofu Hydrogen and German hydrogen systems supplier RCT GH Hydrogen, has initiated a memorandum of understanding aimed at enhancing global green hydrogen production capabilities. This strategic alliance marks a significant stride in the deployment of advanced green hydrogen technologies, focusing on the development and manufacturing of electrolyzers. This agreement appoints Siemens as the preferred supplier and technological partner throughout Guofu Hydrogen’s value chain, particularly as the company embarks on its ambitious expansion plans. The collaboration zeroes in on three pivotal areas: the development and design of Guofu Hydrogen’s electrolyzers…

Bavaria is charting a new course for its future rail transport, shunning hydrogen-powered tilt trains in favor of fully electric trains with advanced battery technology. Tilt trains, which mimic a motorcyclist’s lean in curves, are critical for maintaining schedules on Bavaria’s winding railways. In March 2023, Transport Minister Christian Bernreiter announced these tilt trains would transition from diesel post-2030. At the time, plans included trains equipped with both batteries and hydrogen fuel cells to navigate long routes lacking overhead lines, such as the Hof-Nuremberg stretch. This approach was ambitious from the outset. However, recent studies have shown that hydrogen is…