THE arrival of hydrogen cars on UK roads is a step closer as the Business Minister, Matthew Hancock, announced up to £11 million of funding.
Government and industry will prepare the UK for the roll-out of hydrogen fuel cell electric vehicles (FCEVs).
The £11 million investment will help establish an initial network of up to 15 hydrogen refuelling stations by the end of 2015 and include £2 million of funding for public sector hydrogen vehicles
This is part of the UK government's drive to become a global leader in ultra-low emission vehicles and follows news earlier this month that Toyota has chosen the UK as one of the first markets for its FCEV when it goes on sale next year.
Speaking in Japan where he met executives at Honda, Nissan and Toyota, Mr Hancock said: "Britain has become one of the best places in the world to build cars, with the value of those we export outstripping imports for the first time in a generation, but we want to go further."
"Hydrogen cars present us with a huge economic opportunity and can bolster our internationally renowned automotive industry. We want to make the UK one of the best places in the world to design, manufacture and sell ultra-low emission vehicles."
Joe Cargnelli, CTO of Hydrogenics, stated, "To develop Celerity, we began with our HyPMTM HD platform of low-pressure, non-humidified stack technology, which is at the core of our durable and economical fuel cell systems. Our HD platform negates the need for air compressors, and our patented HD 'dry-dry' technology means our systems operate with non-humidified air and hydrogen. Using a design approach that would have been technically and economically unfeasible with pressurized stacks, we have achieved breakthroughs in value and reliability. We believe that progressive fleet operators with GHG reduction commitments will urge OEM suppliers to put Celerity to the test."
Thinking this is partly behind current move as well as being under valued compared to peers
An £11 million project called ‘UKH2Mobility’ was launched in October with £7.5 million coming from the government and £3.5 million from industry. “The project is trying to understand what it will take for the roll-out of hydrogen fuel cell vehicles and refuelling infrastructure and who needs to do what to make it happen,” said Warren.
The funding is destined for both new and existing stations with the aim of establishing 15 publicly accessible hydrogen stations in the UK by the end of 2015. In the longer term, UKH2Mobility is planning to have a network of 65 stations through the UK.
Warren says £400m of government is in play to support low emission technology, with an extra £500 million to come between 2015 and 2020. A further £500 million has been pledged towards the Advanced Propulsion Centre (a shared initiative between the government and industry) and that is matched by £500 million-worth of industry funding. more news on funding from UK.. nice amounts
67MM in backlog could go to 100MM within 12Mos (from q2 call) so if we hit around 13MM this qtr and 20MM next.. that would be 50 and would really make this fly.
lots of positives have been posted in the last couple weeks
korean partnership, could be worth 100MM
90MM propulsion, prob with Airbus
Commscope/Microsoft data center work
Commscope cell tower work
UPS range extender test contract
Airport tugger work
PTG in Germany, Canada, worldwide
H2 stations starting to gain traction, toyota, honda coming soon
Recent Celerity news, Bus, Truck platform
H2 rail discussions
Stock heading in the right direction
profits expected soon
not burning thru cash or diluting
and we are "on track" to deliver.... also talks about pipeline should continue to grow. Worth going back and listening to, lots of good info
msft should take a stake or just hand us 100.00 .. 13MM or more in rev and we should really spike
a takeover will prob happen soon.. someone is going to see the writing on the wall and pounce on this.... kind of out of msft's field, but certainly taking a stake base on datacenter work would make sense.. drop in the bucket for them to buy it outright for an investment
sector is getting upgrades.. bldp and plug are showing decent progress.. only follows we should also show some growth here. also ceo is no plug-type.. seems steady and focused and seemed to be ready to explode with excitement on all of the current phases of the company that seem to be kicking in together... hopefully stock also explodes higher
share the same thoughts.. i think europe, korea and japan will still go full speed. toyota,, hyundai, honda starting to produce soon.. hopefully this qtr starts the spark
every day enugh energy from the sun hits the earth to power the earth for 1 year... energy storage is going to be %$#@! HUGE
Sounds like the prototype for the UPS testing should have been delivered by now and 16 vans for next summer. Also info about 60 fueling stations in CA that will be developed soon.. some currently being developed and some within a year. Nice to hear the vans will have plenty of places to fuel up when they are released. I think this contract will turn into something big for hygs, given the huge number of ups vehicles.