This Monday, January 11th, 2021 Plug Power(PLUG) closed at $53.97 in the latest share trading session, it has gained 98% over the past month. Today with a fresh expansion announcement it is standing at $64.02 at this moment of time. Clearly, Plug Power is outpacing the Industrial Sector. It belongs as one of the alternative energy company stocks that focuses on green hydrogen, the present ultimate answer to as close as you can get to a zero-carbon fuel.
So what is going on? What is causing this incredible jump and market sentiment?
To add a little more to this “what is going on” let me do something else.
Why do I compare Plug Power to Apple in past years? It is simply how its stock has rapidly accelerated away in the past year or perhaps the growing expectation of sizable growth to come, on new products and market penetration.
Reflecting back, moving forward. As we begin 2021, we all have had even more time to reflect on “that year” of 2020. For me, that was my “Energy Transition” year.
I really value these reflective periods. They allow you to simply “recalibrate” so you can at least start the new year off on a more purposeful set of objectives, those strategic stakes in the ground. Of course, you can argue these can simply end up as new year resolutions, often broken in the first few weeks, but hopefully, these objectives stay anchored into the ground as a firm intent, they become the foundation to build out from. Well, that’s my intent.
When I reflect back on the 2020 year, I have recognised the needs to make a significant energy change. As I posted my critical top six energy developments in 2020 in this recent post “Energy Progress- the best of 2020 leads to a great 2021″ it triggered a deeper evaluation to lead out to 2021.
The key to 2021, in my opinion, will be a real breakthrough year of innovation, based on technology invention.
“2020 advanced the commitment to the shift from fossil fuel to renewables that has real momentum in the coming years. 2021 will be the breakthrough year where the energy transition has the unstoppable forces happening.”
Being restricted, not able to travel has its benefits, you gain more time to climb into your own reading, research or passions. For me, this has been my “Energy Transition” year.
The sheer amount of articles, reports or webinars around all aspects of energy have been partly overwhelming but significant in their reference and knowledge gaining. This intensity of purpose towards the energy transition has given me an enormous boost in its understanding.
When I reflect back on this 2020 year, recognising the needs to make a significant energy change has really gained a very high awareness.
We are at the point where “the rubber hits the road” or in Green Hydrogen’s case “the water needs to turn into H2 at scale and real value” and for that to happen it needs a massive commitment across so much that is work-in-progress today.
So much of where we are in Hydrogen is more of a promise theory or intent, than a reality. We need to moderate our rhetoric and provide realism before we completely overhype the green hydrogen. Impatience and growing frustration might kill off the hydrogen solution (again).
We need to massively be able to scale out solutions like the electrolyzer. We need to radically bring down existing production costs through different technology applications and design. We have to build a dedicated infrastructure and create real sustaining market demand. Today producing hydrogen means possible energy losses on the alternative. Continue reading “A Massive Dose of Hydrogen Reality”
Further major Energy Solution Providers have announced their intentions of withdrawing from Coal.
Toshiba will stop taking orders for coal-fired power plants in line with growing global trends toward reducing carbon emissions. Toshiba holds 11% of the global thermal-power generation market, excluding China. This includes building power plants, producing steam turbines and providing maintenance. While the company will stop accepting new orders for coal-burning plants, it will build 10 stations under existing orders in Japan, Vietnam and other countries.
Siemens Energy, which builds steam turbines for power plants, will no longer take on new business to supply coal-fired powered stations, it said on 10th November 2020 making it the latest firm to scale back fossil fuel-related operations. Selling turbines to coal-fired power plants accounts for a low single-digit percentage of the company’s sales or roughly 820 million euros ($970 million) based on 2020 figures. According to a recent comment, the business was profitable. Siemens Energy has stated it will still meet existing commitments, including placed bids, and honour service contracts for combined heat and power stations but not engage in further coal business (Source Reuters).
Also Black & Veatch, an engineering and construction firm, has announced it also will cease participation in any further coal-based power design and construction. This shift allows its workforce to further accelerate the creation of solutions that help transform the industry, including helping clients reduce dependence on coal power assets and minimize the impact of those assets to the environment. The company says its transition away from any coal-related activity is about a commitment to sustainability and accelerating efforts toward a carbon-free energy future, reported the press release.
Our landscapes seem never to change, power transmission lines spread out across the land as far as the eye can see delivering our electricity. Nothing seems to change, but nothing actually is as far from the truth.
The electricity industry is waging a sweeping transformation and in a recent report by Black & Veatch providing the present position of the state of Electricity called Strategic Directions: Electric Report, where they have gathered 600 power utility stakeholders to offer the challenges and opportunities that are occurring in the transformation being undertaken.
The challenges and opportunities are all caught up in a constantly shifting, complex ecosystem of everything, from conventional power generation to the renewable energies sources derived from the wind and sun and the significant changes underway in the use of putting in place microgrid systems.
I have just finished the third and final day of panel events offered by #SiemensEnergyME in their #EnergyWeek. I took the time to attend all of the panels, the debates, the complexities, and the significant differences as starting points in the #energytransition we are all undertaking was well brought home.
The panels were full of highly knowledgeable people, the hands-on ones that are dealing with the energy issues of today each day, and thinking through the ones for tomorrow. Siemens drew in Ministers, CEO’s, Senior Management, CFO’s, CTO’s and Director-Generals to offer insights and create the atmosphere for what I would call “creative tension” that good knowledge brings to a debate.
So I have just finished up my second day at the Siemens Energy Middle East & Africa #EnergyWeek. A completely different day that took the second theme of innovation into a deeper dive around tackling the decarbonization of the hydrocarbon industry, followed by digitalizing the energy industry and a final panel about preparing societies for energy evolution
It was a mixed bag for me. Innovation is my core topic, and energy is my major focus area to apply innovation to, so this was a day of expectations and insights. I am sorry it is a little longer than I would have liked but here you go: