Join me and Andy Marsh, President and CEO of Nasdaq listed PlugPower (symbol: PLUG) for a conversation about how the Covid19 crisis, boosts demand for Hydrogen Fuel Cell e-Mobility, especially in the B2B ‘Material Handling Industry’ (e.g. Forklift Trucks). Some of PlugPower’s main customers are Amazon, Walmart and Carrefour. Fuel Cell Technology has been around for a long time, yet has only lately matured from a high-cost and low-implementation technology into profitable commercialization, by offering turnkey Hydrogen Fuel Cell solutions. The Global Hydrogen Generation market accounted for $103.20 billion in 2017 and is expected to reach $207.48 billion by 2026 growing at a CAGR of 8.1% from 2017 to 2026. (source: ResearchAndMarkets.com's)

Andy explains, the difference between Hydrogen (produced by using fossil fuels) and Green Hydrogen (using renewable/green energy) and PlugPower’s intense focus on shifting fast towards Green Hydrogen production. Companies such as German Bosch and Chinese Diesel Engine maker, WeiChai, are investing billions into the HFC (Hydrogen Fuel Cells) market and its infrastructure, as to broaden its implementation. Regarding the passenger car sector, Toyota, Honda and Hyundai already offer FCEV’s (Fuel Cell Electric Vehicles).

Albeit expensive, FCEV will eventually offer a viable and cost-efficient alternative to fossil fuel powered cars and even BEV’s (Battery Electric Vehicles), such as Tesla cars. Some analysts agree, that car producers only focusing on Battery Fueled e-Mobility, can expect strong competition from cars powered by Hydrogen Power in a not so distant future. The main advantages of Hydrogen Fuel Cell e-mobility: fast refueling, long range, high power density. Disadvantages: relatively costly (due to current low levels scaling) and the need of more infrastructure investments.  Disclaimer: ‘I am an investor.’



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https://www.plugpower.com

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Road Trip by Joakim Karud https://soundcloud.com/joakimkarud

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