Lightnews — Scholar-powered news

TheHydrogenBull @thehydrogenbull.bsky.social · 12m

6/... might look at the disparity between the market caps of Bloom and Ceres and conclude there is a significant value creation opportunity in partnering with Ceres to develop solid oxide fuel cell production capacity in the US.

TheHydrogenBull @thehydrogenbull.bsky.social · 12m

5/...the European data center market through Bloom's recently announced partnership with #Brookfield. Nevertheless, even if you see Bloom's valuation as highly speculative, it seems to me that a credible US energy equipment company already serving the data center market...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 12m

4/...small 50MW plant to build Ceres licensed fuel cells in Korea and #DeltaElectronics is building a second factory that will manufacture Ceres fuel cells (size not disclosed yet) in Taiwan. These disparities may explain why it appears that Bloom will even beat Ceres into...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 12m

3/...processes which is likely highly valuable to customers. Moreover, Bloom's 1GW factory (expanding to 2GW by end of 2026), is based in the US which is currently the most robust data center development market. By contrast, #Doosan just began operations of a relatively...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 12m

2/...has Bloom demonstrated its ability to serially produce and reliably deliver its fuel cells, it has multiple installations in operation as proof of concept. In setting up these installations, Bloom has also built expertise in navigating various regulatory approval...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 12m

The extreme difference in market caps for #Bloom and #Ceres given similar product profiles is notable to me (I am long both shares). Bloom is clearly MUCH further along in its commercialization strategy. Not only...(1/6) $BE $CWR #hydrogen #fuelcells #datacenters #EnergySky #GreenSky

1

TheHydrogenBull @thehydrogenbull.bsky.social · 5d

8/...date not specified). #ThyssenkruppNucera and #FuelCellEnergy are also developing solid oxide electrolyzer products. #BloomEnergy already has an SOEC product in the market but has shifted its marketing focus to capitalize on the more immediate fuel cell opportunity.

1

TheHydrogenBull @thehydrogenbull.bsky.social · 5d

7/...believes it can eventually become a low cost producer of green hydrogen on a global basis. Earlier in March, #Elcogen announced it would begin work to deploy its SOEC electrolyzers for a 4.2MW project at an Italian steel plant in partnership with #BakerHughes (launch...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 5d

6/...#Thermax, a leading energy and clean energy solutions company in India. That partnership is in very early development but Ceres has separately launched operations of a 1MW demonstration project at Shell’s Tech Centre in Bengaluru. Given high radiance in India, Thermax...

1 1

TheHydrogenBull @thehydrogenbull.bsky.social · 5d

5/...manufacturer with 160k employees) licensed SOEC technology from Ceres. Denso plans to leverage its expertise in thermal controls, electronic components and connectivity to develop a leadership position in hydrogen production. Ceres also licensed its SOEC technology to...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 5d

4/...amount of electricity required. Neste is also a shareholder in Sunfire which is a privately held company. Likewise, in September, #Denso and #JERA began a demonstration of a smaller 200kW SOEC systems at a JERA thermal power plant. In 2024, Denso (Japanese components...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 5d

3/...claims this is the largest operational solid oxide electrolyzer “in an industrial setting”. Solid oxide electrolyzers operate at high temperatures and can produce hydrogen at a much more efficient rate in industrial settings that produce waste heat which decreases the...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 5d

2/...(SOECs) is also gradually advancing. Most recently, Neste launched operation of a Sunfire 2.6MW solid oxide electrolyzer at a refinery in Rotterdam, Netherlands. Although small relative to 100MW+ PEM and alkaline electrolyzer projects currently under construction, Neste...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 5d

While Bloom Energy’s solid oxide #fuelcells have garnered significant attention as a potential power solution for #datacenters, commercialization of solid oxide #electrolyzers… (1/8) $NESTE $BE $CWR $FCEL $BKR #Neste #Sunfire #hydrogen #elcogen #EnergySky #GreenSky

www.h2-view.com/story/worlds...

‘World’s largest’ solid oxide electrolyser starts hydrogen production at Neste refinery

The 2.6MW Sunfire-made electrolyser operates at up to 850ºC to produce over 60kg of green hydrogen per hour, making it what project partners call the “world’s largest” multi-megawatt high-temperature ...

www.h2-view.com

1 1

TheHydrogenBull @thehydrogenbull.bsky.social · 6d

3/...reversing the runoff of backlog (i.e., adding new orders) as evidenced by the "Future Revenue" data from Plug's SEC filings per the table below. The table potentially shows some initial progress in that regard in the Materials Handling business ("Hydrogen Infrastructure").

TheHydrogenBull @thehydrogenbull.bsky.social · 6d

2/...is $7.00 from H.C. Wainwright and the lowest is $0.75 from Citi (I think). Market conditions for Plug are improving and the Company is making progress bringing costs and CapEx in line. Going forward, I believe that a key to the stock taking the next leg up will be...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 6d

After bottoming out in May and June this year at $1.78, the average Wall Street analyst target price for #PlugPower has gradually recovered to $2.33 based on 17 data points that I can see. The highest estimate...(1/3) $PLUG #hydrogen #fuelcell #datacenter #electrolyzer #EnergySky #GreenSky

1

TheHydrogenBull @thehydrogenbull.bsky.social · 6d

9/...buses and remove some charging infrastructure currently residing downtown.

TheHydrogenBull @thehydrogenbull.bsky.social · 6d

8/...plans to expand to 10MW by 2027. Lastly, in September, Vienna launched operations of its first 10 hydrogen buses built by an Italian manufacturer called #Rampini. The longer range of the hydrogen buses relative to the battery models previously in service will enable Vienna to use fewer...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 6d

7/...In Munich, the transportation authority has taken the step to switch to certified green hydrogen (“RFNBO”) supplied by HY2B using a 5MW #Nel electrolyzer. #HY2B employs a smart energy management system to optimize use of surplus renewable energy (thereby stabilizing grid) and...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 6d

6/...In Northern California, the Stanislaus transit authority approved plans build a new bus depot that will include a hydrogen fueling station to support the transition from diesel to hydrogen by 2040. Three hydrogen buses will be put into service early next year...

1

TheHydrogenBull @thehydrogenbull.bsky.social · 6d

5/...with #CleanEnergyFuels to build a second hydrogen fueling station as its fuel cell fleet goes from 33 buses to 52 buses. The new fueling station will come online in mid-2026. Pasadena itself separately approved the purchase of 17 hydrogen powered buses intended to enter service in 2027...

1 1

TheHydrogenBull @thehydrogenbull.bsky.social · 6d

4/...unveiled its 2026 “Universe” hydrogen bus in August with a range of 960km on one tank. The bus recently completed successful testing in the mountains near #Neom, Saudi Arabia. In California, which leads the US in hydrogen transportation, Foothill Transit near Pasadena has contracted...

1 1

TheHydrogenBull @thehydrogenbull.bsky.social · 6d

3/...Isuzu separately announced it will begin testing Cummins hydrogen combustion engines on Kendo brand buses for intercity routes in European market. Relative to fuel cells, hydrogen combustion engines can be introduced with much less redesign of a bus’s engine bay. In South Korea, #Hyundai...

1 1

TheHydrogenBull @thehydrogenbull.bsky.social · 6d

2/...At the end of September, Isuzu and Toyota announced a partnership that will begin mass producing hydrogen city buses in Japan in 2026. The partnership intends to lower costs, improve efficiency and performance while addressing the unique needs of the passenger bus market...

1 1