Latest news with #electrolyzer
Globe and Mail
30-07-2025
- Automotive
- Globe and Mail
Asahi Kasei to Supply 1 MW-Class Alkaline-Water Electrolyzer to Hydrogen Project in Finland
Diversified global manufacturer Asahi Kasei will supply its Aqualyzer™-C 3 containerized 1 MW-class alkaline-water electrolyzer to the Central Finland Mobility Foundation (Cefmof). The system will play an essential role in Central Finland's hydrogen production and contribute to the region's decarbonization efforts. Full operation is expected to begin in the first half of 2026. This press release features multimedia. View the full release here: Having launched its chlor-alkali electrolysis business in 1975, Asahi Kasei leveraged its technology and expertise to develop water electrolysis systems for hydrogen production. In 2020, the company installed its large-scale 10 MW-class Aqualyzer™ electrolyzer at the Fukushima Hydrogen Energy Research Field (FH2R) in Namie, Futaba, Fukushima, Japan. Following the success of the FH2R project, Aqualyzer™-C 3 was added to its portfolio in 2024 as a small-scale, containerized system in the range of 1 to 7.5 MW. This allows Asahi Kasei to meet emerging diversified needs of customers across the entire hydrogen market, with significant growth expected. Cefmof is a foundation that accelerates the development of sustainable mobility and urban planning by harnessing green hydrogen — particularly in ways that are tangible and visible in people's everyday lives. It was established by the City of Jyväskylä, TOYOTA GAZOO Racing World Rally Team, and the Toyota Mobility Foundation. The foundation supports projects such as hydrogen-powered transport and related infrastructure. Cefmof plans to use fuel cell vehicles and hydrogen buses, serving as a case model for the potential of hydrogen utilization in cold climates and the mobility industry. Easy scalability to meet growing demand For the reliable and efficient supply of hydrogen, Cefmof chose Asahi Kasei's container-type Aqualyzer™-C 3 with a capacity of 1 MW. The installation in Jyväskylä is expected to commence towards the end of 2025, aiming for full-scale operation in the first half of 2026. The system will be able to produce enough hydrogen in an hour to refill approximately three fuel cell vehicles (FCVs). The containerized modular design allows for gradual expansion of production capacity through the connection of additional units, allowing for flexibility in meeting future increases in hydrogen demand. 'With this project, our hydrogen-related business has moved fully into the commercialization phase,' noted Kenji Takeda, Executive Officer of Asahi Kasei responsible for Business Development of its Green Solution Project. 'We will work with our partners to demonstrate the reliability of our alkaline water electrolysis system through installation in extreme cold-climate environments and contribute to the decarbonization of the Central Finland region. We are proud to be a one-stop supplier providing support from installation to hydrogen production operations.' 'This project will be a key part of the emerging green hydrogen ecosystem in Central Finland and highlights Cefmof's long-term commitment to building a carbon neutral future in the region,' says Haruka Arai, Executive Director of Cefmof. 'This development supports the practical realisation of a functioning hydrogen refueling infrastructure in Jyväskylä.' As part of its medium-term management plan, Asahi Kasei positions its hydrogen-related business as an area of Growth Potential and is making investments toward full-scale commercialization. By leveraging intangible assets such as the customer base and technologies that have been cultivated through its existing chlor-alkali business using ion-exchange membranes, the company is steadily advancing initiatives, including collaborations with a variety of partners. About Asahi Kasei The Asahi Kasei Group contributes to life and living for people around the world. Since its foundation in 1922 with ammonia and cellulose fiber business, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 50,000 employees worldwide, the company contributes to sustainable society by providing solutions to the world's challenges through its three business sectors of Healthcare, Homes, and Material. For more information, visit
Yahoo
01-07-2025
- Business
- Yahoo
Plug Power's Electrolyzer Sales Jump in Q1: Can the Momentum Sustain?
Plug Power Inc.'s PLUG electrolyzer product line is emerging as a key driver of its growth, supported by the rising demand for green hydrogen solutions. In the first quarter of 2025, the company reported a 581.7% year-over-year increase in revenues from this product line. This sharp rise was driven by increased product deliveries and new orders across North America, Europe and is worth noting that in May 2024, PLUG entered into an agreement to supply three gigawatts (GW) of electrolyzers to Australia-based Allied Green Ammonia for a landmark green hydrogen-to-ammonia project. This marks one of the largest electrolyzer deployment deals to date. With more than eight GW in basic engineering and design package contracts worldwide, Plug Power has established itself as a key player in the rapidly growing electrolyzer the company's GenEco PEM electrolyzer systems are increasingly being adopted by the industrial and energy customers as the demand for hydrogen-based solutions continues to grow globally. This rising demand is supported by strong policy backing in Europe, where government investments and faster project timelines are helping accelerate the use of green the impressive growth in electrolyzer revenues, PLUG's overall financial performance remains under pressure due to negative gross margins and increased operational complexity as it expands across multiple regions. The capital intensity of hydrogen infrastructure, combined with ongoing operating losses and reliance on external financing, continues to raise doubts about Plug Power's ability to achieve sustained growth in the near term. Among its major peers, FuelCell Energy, Inc. FCEL reported product revenues, which include its electrolyzer line, of $13.0 million in the second quarter of fiscal 2025. FuelCell's total revenues rose 67% to $37.4 million in the same period, reflecting gains in service agreements. However, FuelCell's electrolyzer sales remained minimal as it advances early-stage another peer, Bloom Energy Corporation's BE product and service revenues, which include its electrolyzer business, increased 26.5% year over year in the first quarter of 2025. Bloom Energy's total revenues rose 38.6% year over year. Bloom Energy is rapidly expanding its electrolyzer deployment efforts. Shares of Plug Power have lost 46.5% in the year-to-date period compared with the industry's decline of 20.2%. Image Source: Zacks Investment Research From a valuation standpoint, Plug Power is trading at a forward price-to-earnings ratio of a negative 2.27X against the industry average of 20.45X. PLUG carries a Value Score of F. Image Source: Zacks Investment Research The Zacks Consensus Estimate for PLUG's bottom line for second-quarter 2025 and 2025 has increased in the past 60 days. Image Source: Zacks Investment Research The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plug Power, Inc. (PLUG) : Free Stock Analysis Report FuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report Bloom Energy Corporation (BE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
27-06-2025
- Business
- Globe and Mail
Plug Power's Equipment Revenues Decline: Is the Risk Priced In?
Plug Power Inc. PLUG is facing headwinds in some of its core product categories. In the first quarter of 2025, revenues from equipment, related infrastructure and other products declined 7% year over year to $63.5 million. The decrease in revenues resulted from lower demand for hydrogen infrastructure, cryogenic equipment, fuel cell systems (GenDrive), and engineered oil and gas equipment. In the quarter, hydrogen infrastructure revenues decreased by $6.6 million, owing to one hydrogen site installation completed compared with three completed in the same period last year. GenDrive sales also fell, with just 848 units sold compared with 1,298 units in the prior year, resulting in a $2.3 million revenue decline. Cryogenic equipment sales slipped due to slower progress on projects that are nearing completion. Sales of engineered oil and gas equipment, acquired through the Frames acquisition, also declined by $2.7 million in the quarter. These results show that some of Plug Power's legacy product lines are losing momentum. However, Plug Power's electrolyzer product line surged 581.7% year over year in the first quarter, driven by increased deliveries across North America, Europe and Asia. Also, a recent three gigawatt (GW) deal with Allied Green Ammonia in Australia and more than eight GW in design contracts highlight growing global demand for green hydrogen. If the current pace holds, this growth could help offset weakness in PLUG's legacy product lines and reshape its long-term growth path. Plug's Peers in Equipment Sales Among its major peers, FuelCell Energy, Inc. FCEL reported product revenues of $13.0 million in the second quarter of fiscal 2025. FuelCell's total revenues rose 67% to $37.4 million in the same period, reflecting gains in service agreements. FuelCell continues to deploy its mature carbonate fuel cell systems, which generate clean electricity, heat and hydrogen, and support carbon capture. PLUG's another peer, Bloom Energy Corporation 's BE product and service revenues increased 26.5% year over year in the first quarter of 2025. Bloom Energy's total revenues rose 38.6% year over year. This growth was driven by strong demand for Bloom Energy's solid oxide fuel cell systems and expanding adoption of hydrogen-capable solutions. The Zacks Rundown for PLUG Shares of Plug Power have lost 42.8% in the year-to-date period against the industry 's growth of 12.1%. From a valuation standpoint, Plug Power is trading at a forward price-to-earnings ratio of a negative 2.45X against the industry average of 21.16X. PLUG carries a Value Score of F. The Zacks Consensus Estimate for PLUG's bottom line for second-quarter 2025 has increased in the past 60 days. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plug Power, Inc. (PLUG): Free Stock Analysis Report FuelCell Energy, Inc. (FCEL): Free Stock Analysis Report Bloom Energy Corporation (BE): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Yahoo
31-05-2025
- Business
- Yahoo
Plug Power Inc. (PLUG): A Bull Case Theory
We came across a bullish thesis on Plug Power Inc. (PLUG) on Tiny Stock Ninja's Substack. In this article, we will summarize the bulls' thesis on PLUG. Plug Power Inc. (PLUG)'s share was trading at $0.78 as of 23rd May. A generator being fueled and readied for use as part of an end-to-end green hydrogen ecosystem. Plug Power Inc. (PLUG) reported Q1 2025 results showing moderate revenue growth to $133.7 million, an 11% increase year-over-year, driven by electrolyzer deliveries and hydrogen production. Despite significant improvement in gross margin losses—from -132% to -55%—the company remained unprofitable, with high operating expenses and an EPS miss fueling investor skepticism and a nearly 10% stock decline. Operationally, Plug Power expanded its hydrogen production capacity with a new Louisiana plant and highlighted a $21 billion European electrolyzer project pipeline, positioning itself strongly in the green hydrogen economy amid growing demand and favorable EU policies. Financially, the company bolstered liquidity through a $280 million equity raise, a $525 million financing facility, and a $1.66 billion DOE loan guarantee, ending Q1 with nearly $300 million in unrestricted cash, yet persistent cash burn and capital expenditures pose sustainability questions. Management aims for gross margin breakeven by the end of 2025 and no additional equity raises this year, signaling confidence but acknowledging risks from U.S. policy uncertainty, supply chain challenges, and concentrated customer exposure. Analysts maintain a 'Hold' rating with a $2.10 price target, reflecting long-term potential tempered by near-term operational and regulatory hurdles. While the stock's recent decline reflects investor caution, Plug Power's cost reduction initiatives and strategic focus on Europe provide a compelling, though risky, investment case for those bullish on hydrogen's future, contingent on successful execution of key milestones such as the Texas plant commissioning and European project final investment decisions. Plug Power Inc. (PLUG) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 13 hedge fund portfolios held PLUG at the end of the first quarter which was 24 in the previous quarter. While we acknowledge the risk and potential of PLUG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than PLUG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
30-05-2025
- Business
- Yahoo
Plug Power Inc. (PLUG): A Bull Case Theory
We came across a bullish thesis on Plug Power Inc. (PLUG) on Tiny Stock Ninja's Substack. In this article, we will summarize the bulls' thesis on PLUG. Plug Power Inc. (PLUG)'s share was trading at $0.78 as of 23rd May. A generator being fueled and readied for use as part of an end-to-end green hydrogen ecosystem. Plug Power Inc. (PLUG) reported Q1 2025 results showing moderate revenue growth to $133.7 million, an 11% increase year-over-year, driven by electrolyzer deliveries and hydrogen production. Despite significant improvement in gross margin losses—from -132% to -55%—the company remained unprofitable, with high operating expenses and an EPS miss fueling investor skepticism and a nearly 10% stock decline. Operationally, Plug Power expanded its hydrogen production capacity with a new Louisiana plant and highlighted a $21 billion European electrolyzer project pipeline, positioning itself strongly in the green hydrogen economy amid growing demand and favorable EU policies. Financially, the company bolstered liquidity through a $280 million equity raise, a $525 million financing facility, and a $1.66 billion DOE loan guarantee, ending Q1 with nearly $300 million in unrestricted cash, yet persistent cash burn and capital expenditures pose sustainability questions. Management aims for gross margin breakeven by the end of 2025 and no additional equity raises this year, signaling confidence but acknowledging risks from U.S. policy uncertainty, supply chain challenges, and concentrated customer exposure. Analysts maintain a 'Hold' rating with a $2.10 price target, reflecting long-term potential tempered by near-term operational and regulatory hurdles. While the stock's recent decline reflects investor caution, Plug Power's cost reduction initiatives and strategic focus on Europe provide a compelling, though risky, investment case for those bullish on hydrogen's future, contingent on successful execution of key milestones such as the Texas plant commissioning and European project final investment decisions. Plug Power Inc. (PLUG) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 13 hedge fund portfolios held PLUG at the end of the first quarter which was 24 in the previous quarter. While we acknowledge the risk and potential of PLUG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than PLUG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
