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Hydrogen Fuel Cell Technology

All articles tagged with #hydrogen fuel cell technology

business1 year ago

"Plug Power Surges to Three-Month High as CEO Teases Short-Sellers"

Plug Power's stock surged to a three-month high after the company announced the completion of its first fill of a tanker with liquid green hydrogen at its newly opened Georgia plant, which will be used by major clients like Walmart, Amazon, and Home Depot to power forklifts. The stock's recent momentum, including a 12% increase in Thursday morning trading following a 19% rise the day before, has been attributed to an analyst upgrade and positive assessments of the company's operations and financial flexibility, despite a 75% loss over the past year.

via MarketWatch|
#alternative-energy#business#hydrogen-fuel-cell-technology
business-energy2 years ago

"Plug Power Surges on Funding Update, Eases Investor Concerns"

Plug Power's stock surged in premarket trading after announcing a $1.6 billion loan facility agreement with the Department of Energy to support hydrogen-production facilities, addressing liquidity challenges and a going-concern warning. The company's CEO also highlighted the operational status of their Georgia plant and plans for a joint-venture plant in Louisiana, while the CFO detailed efforts to improve cash management and revenue performance, including pursuing price increases and implementing a hiring freeze.

via MarketWatch|
#alternative-energy#business-energy#department-of-energy
automotivetechnology2 years ago

GM's Hydrogen Power Cubes to Revolutionize Mining Truck Industry

General Motors has partnered with Komatsu to develop heavy-duty mining trucks powered by GM's hydrogen fuel-cell technology. The trucks will be equipped with GM's Hydrotec "power cubes," each containing 300 hydrogen fuel cells, capable of delivering over 2 megawatts of power. The partnership aims to create a fleet of hydrogen-powered mining trucks, taking advantage of the limited fueling capacity and long-term operation at mining locations. GM plans to use the power cubes for various applications, including mobile generators and vocational vehicles. Testing of a prototype truck will take place in Arizona, with plans for further deployment if successful.

via The Verge|
#automotivetechnology#general-motors#hydrogen-fuel-cell-technology