Are we seeing the Apple of Hydrogen in Plug Power?

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. 

A year ago, Plug Power struggled to raise money, but it has been executing on a plan consistently in the past few years that is beginning to pay off. Continue reading

Restating my energy purpose for delivering in 2021

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.”

We are all wanting to look forward, to a different, a more engaged world in 2021. Continue reading

Energy Progress- the best of 2020 leads to a great 2021.

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.

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. Continue reading

Connecting the Energy Story to the Final User

image credit alamy.com via IEEE Innovation at Work

Within the energy transition, we must not lose sight of the final consumer. We have to focus on the broader aspects of “energy transition” by re-engineering much of the existing infrastructure to create smart grids, provide storage, solar for individual homes, and the ability to introduce e-mobility across the transport sector.

These are the connecting points to the end-user. They “feel” the value of the energy transition in benefit; in energy security, increased choices and greater involvement in handling their own energy costs and local energy design choices, they see the “effect of change”.

A very critical piece of the energy transition puzzle is the necessary focus on the end-user sectors of how we work, live, and be connected to the need for energy change. It is the transport, industry, and buildings that are for the vast majority of us as the places where we “interact” with that make energy transitions real. Continue reading

A Massive Dose of Hydrogen Reality

Adapted Image: IRENA

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