Plug Power CEO takes 50% of salary in stock to reassure hydrogen investors
Plug’s stock has dropped from over $3.50 a year ago to $1.58 as of March 20.
Plug’s stock has dropped from over $3.50 a year ago to $1.58 as of March 20.
Beyond Aero has claimed the updated design could result in 55% lower operational costs than conventional jets and 65% cheaper fuel costs compared to power-to-liquid SAFs by 2025 and 17% vs Jet A-1 by 2030.
Operating out of Golden, British Columbia, the retrofitted AC4400CW locomotive is carrying coal mined by Elk Valley Resources.
Fuel cell OEMs must drive down fuel consumption and improve efficiency to remain competitive.
The vessel’s 2,700kW hydrogen fuel cell integrates battery storage, optimising efficiency by storing excess energy for low-load operations and boosting power during high-output demands.
New mandatory regulations for using hydrogen and ammonia fuel in ships are unlikely before 2028 at the earliest, according to a white paper by ships classification organisation DNV.
Ricardo’s Tim Bassett said, “This will help us to deliver key innovations based on customer requirements, as well as to continue to explore opportunities in new markets and industries.”
The Hyer Power project will trial a fuel cell-powered fire engine, ambulance, and road sweeper, driving the need for dedicated hydrogen refuelling infrastructure.
Hyundai’s second facility in South Korea will reportedly be capable of producing fuel cells for 6,500 hydrogen-powered cars annually.
Powered by a 12-cylinder hydrogen engine, the truck features a 700 bar tank system provided by Argo-Anleg.
