Plug Energy‘s inventory fell greater than 30% on the Nasdaq on Friday, following its report stating that its 2023 monetary efficiency was negatively affected by unprecedented provide challenges within the North American hydrogen community, regardless of a greater than threefold enhance in electrolyzer gross sales. The New York-based firm mentioned it would search further capital to fund its actions, expressing confidence that the hydrogen provide subject is momentary, anticipating full capability manufacturing at its Georgia and Tennessee services by yr finish.
Air Merchandise has partnered with Chinese language state-owned Chengzhi, aiming to speed up transport decarbonization in China’s Yangtze River Delta. The three way partnership has launched a commercial-scale hydrogen fueling station in Changshu, Jiangsu province, fueling public transport and logistics vehicles. The president of Chengzhi, Wei Junmin, expressed pleasure about deepening collaboration to expedite hydrogen car improvement and the hydrogen worth chain.
Japan and South Korea are set to collaborate on a provide chain for hydrogen and ammonia, with plans to announce the initiative throughout the upcoming Asia-Pacific Financial Cooperation discussion board summit in america. Moreover, the 2 nations will create new frameworks in quantum expertise and semiconductors.
Yanmar Energy Know-how mentioned that it has delivered its first commercialized maritime hydrogen gas cell system to the passenger ship Hanaria, operated by Motena-Sea. The great energy system design consists of two hydrogen gas cells, batteries, and biodiesel mills, marking a milestone for the Osaka-based firm.
Air Liquide and Siemens Power have inaugurated their gigawatt electrolyzer manufacturing facility in Berlin, aiming to extend manufacturing from 1 GW to an annual capability of three GW by 2025. The Franco-German partnership, spanning over 2,000 sq. meters in Berlin, makes use of automation and robotics for Proton Alternate Membrane (PEM) electrolyzer module manufacturing. The three way partnership mentioned that it goals to play a pivotal position in fostering a sustainable hydrogen economic system.
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