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 stated it’s going to search further capital to fund its actions, expressing confidence that the hydrogen provide situation is short-term, anticipating full capability manufacturing at its Georgia and Tennessee services by 12 months 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 vans. The president of Chengzhi, Wei Junmin, expressed pleasure about deepening collaboration to expedite hydrogen car growth 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 through the upcoming Asia-Pacific Financial Cooperation discussion board summit in the US. Moreover, the 2 nations will create new frameworks in quantum expertise and semiconductors.
Yanmar Energy Expertise stated that it has delivered its first commercialized maritime hydrogen gasoline cell system to the passenger ship Hanaria, operated by Motena-Sea. The excellent energy system design contains two hydrogen gasoline cells, batteries, and biodiesel turbines, marking a milestone for the Osaka-based firm.
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