3 hydrogen news from Brazil and the Plug Power share


Until a few years ago, hydrogen and fuel cells were considered too expensive and not feasible. Today it is clear that there was simply a lack of the will to implement it and that the technology will now be competitive by 2030 at the latest.

1. Brazil invests in green hydrogen © www.de24.news

 The  development can be recognized by the increasing investments. For example, Brazil will now spend $ 5.4 billion to build a green hydrogen production facility. It is planned in Ceará (about 60 km north of Fortaleza) in an industrial and port area.

© www.de24.news

 The  Australian company Enegix Energy is involved in the implementation. © www.de24.news

 The  plant is being built not only to supply the region, but also to export hydrogen. More and more countries with favorable geographical locations see this as a great opportunity to earn a lot of money in the future. Brazil can produce large amounts of both wind and solar power.

© www.de24.news

 The  president of the industrial association of the federal state of Ceará Ricardo Cavalcante even sees the region as the world’s leading green hydrogen producer in the future.

2. Plug Power with new hydrogen cooperation

Plug Power stocks are benefiting from the hydrogen boom, but have risen sharply recently. For this reason they are correcting now. Nevertheless, the company expects sales to rise sharply in the next few years.

Most recently, it entered into a strategic alliance with Air Water subsidiary Taylor-Wharton America. It will supply Plug Power with the tanks that the company needs in the USA for storage and for setting up a hydrogen network. Taylor-Wharton will also offer leasing solutions for the tanks.

Plug Power plans to produce and sell almost 50 tons of green hydrogen by 2022 and as much as 500 tons by 2025.

3. Plug Power and Acciona establish joint venture

Plug Power and Acciona would like to jointly supply Spain and Portugal with green hydrogen in the future. To do this, they will set up a 50-50 joint venture company in Madrid. It is to develop and operate corresponding projects and start operations by the end of June 2021. © www.de24.news

 The  Spanish conglomerate Acciona will provide the required energy as part of the cooperation, while Plug Power will bring in its electrolyser technology.

Plug Power and Acciona want to achieve a market share of 20% in the production of green hydrogen on the Iberian Peninsula by 2030. Storage and delivery services are also to be offered.

“This joint venture is another important milestone and the consistent implementation of Plug Power’s strategic goals. In this way, we can build up a strong market position in the rapidly growing European hydrogen economy, ”commented Plug Powers CEO Andy Marsh.

© www.de24.news

 The  post 3 Hydrogen news from Brazil and the Plug Power share appeared first on © www.de24.news

 The  Motley Fool Germany.

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Some companies will benefit enormously from this. We looked for top stocks that are ahead in hydrogen, solar energy and electric cars. © www.de24.news

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Christof Welzel has no position in any of the stocks mentioned. © www.de24.news

 The  Motley Fool has no position in any of the stocks mentioned.

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