US Green Hydrogen Startups Are Moving On To Greener Pastures
Green hydrogen from renewable resources is beginning to loosen the grip of fossil fuels on the hydrogen supply chain — if not here in the US, then elsewhere around the world.
Plug Power
When Hydrogen Maintenance Meets Meltdown: Inside Plug Power’s Desperation Phase
Plug Power’s announcement that it is suspending work on its Department of Energy–backed green hydrogen projects marks a sobering turning point. Most companies would fight to secure a $1.66 billion loan guarantee from the federal government. Plug Power is walking away from it. That decision, combined with yet another round … [continued]
The US Green Hydrogen Industry Is Taking Its Show On The Road
Excess electricity from an existing solar farm in the Netherlands will anchor the new H2 Hollandia green hydrogen project, using an electrolyzer system from the US firm Plug Power.
General Motors Quietly Ends Its Hydrogen For Transportation Experiment
General Motors’ decision to end development of its next generation Hydrotec fuel cells for vehicles did not come as a surprise. It marked the close of a long, careful experiment. After years of research, pilot programs, and cautious optimism, GM finally acknowledged what the energy math had been showing for … [continued]
The High-Carbon Truth Behind A ‘Green’ California Microgrid
The just-commissioned Calistoga hydrogen microgrid is a telling example of how public money can end up funding energy pathways that deliver little of what they promise. At first glance, the project appears well-intentioned. PG&E has positioned it as a resilience measure for a California community that faces wildfire-driven grid shutoffs. … [continued]
Stellantis Joins Growing List Of Hydrogen Mobility Retreats
Stellantis, one of the world’s five largest automakers and a proponent of hydrogen fuel cell electric vehicles for light commercial vehicles, has now formally signaled a retreat from its hydrogen ambitions. This pivot away from hydrogen-powered transportation represents yet another confirmation of the longstanding challenges faced by hydrogen in mobility … [continued]
Trump’s Big, Beautiful Bill Accelerates Hydrogen Economy’s Inevitable Fall
For years, I’ve been openly dismissive of the hydrogen for energy economy—particularly the financial prospects of its most hyped members, Plug Power, FuelCell Energy, and Ballard Power. The hydrogen-for-energy vision was never built on firm economic foundations. It relied heavily on the ongoing generosity of governments to subsidize fundamentally and … [continued]
Hydrogen’s Harsh Reality: Plug Power, Ballard, and FuelCell Near the End?
Plug Power’s stock has dipped into dangerous territory, trading below the critical $1 threshold required by Nasdaq, signaling yet another existential crisis for the firm. This isn’t the first time Plug has flirted with financial oblivion, of course; the company executed a 1-for-10 reverse stock split back in 2011 to … [continued]
Perpetual Hydrogen Money Loser FuelCell Energy, Like Ballard, Pivoted From Batteries
How can a company never make a profit for over 50 years and still be around? How can it still find investors? FuelCell Energy is that company, and its continuing existence, like that of other perpetual money losing hydrogen fuel cell firms Ballard Power and Plug Power, is deeply perplexing. … [continued]
Plug Power Has Lost $3.12 Billion Since 2010, Never Turned A Profit, Stock Collapsing
This is the year that the hydrogen bubble pops, especially for transportation, but increasingly for all hydrogen for energy plays. One of the firms on my hydrogen death watch is Plug Power, which has managed to lose $3.12 billion of other people’s money since 2010, about $200 million a year … [continued]
