Important partnership for sustainable mobility in the future also in the skies. Airbus announced a strategic partnership with Plug Power, a company leader in the development of hydrogen fuel cell systems, to study the feasibility of bringing green hydrogen to future aircraft and airports around the world.
Airbus’ strategic plan aims to bring zero-emission aircraft to market by 2035, Airbus has identified green hydrogen as one of the most promising options for decarbonising air travel and will work closely with Plug Power on a joint study and roadmap that could deliver green hydrogen to aircraft and the airport ecosystem in the coming years.
“We have already revolutionized electric trucks and industrial fleets on the ground, so now we are looking to the sky,” he says. Andy Marsh, ceo di Plug Power, who added: “Not only do we envision a future where planes around the world are powered by green hydrogen, but also the airports that serve them, including ground support equipment, forklifts and vehicles that transport consumers. around airports and gates. Overall, this should go a long way towards building a more sustainable future for the global aviation industry ”.
Plug Power is the largest liquid hydrogen buyer globally and has built one “Hydrogen highway” in the United States, which includes over 165 refueling stations that supply fleets of hydrogen powered trucks, forklifts and electric mobility vehicles for industries.
Plug Power’s hydrogen fuel cell technology also provides backup power for businesses and institutions, be it data centers, utilities, retailers or universities.
Plug is also expanding internationally with joint ventures in France and South Korea. For example, it is in partnership with the car manufacturer Renault.
Title returns to fly to Wall Street with the blessing of Morgan Stanley
On Wall Street, the Plug Power title celebrates its partnership with a jump of about 10% in the area of $ 32.59. The stock also takes advantage of Morgan Stanley’s assist as he raised the stock recommendation to Overweight from Equal Weight with a target price rising to $ 40 from $ 30.
With the rise that is expected today, the positive streak on the Stock Exchange of Plug Power reaches seven with a title that has brought the balance back to the positive since the beginning of the year (at 12 months the balance is + 92%, at 5 years even +2,000 %). By January, the Plug Power stock had skyrocketed to a all-time high of over $ 75 to then deflate quickly both for the general turnaround of the titoli clean energy, both for the emergence of accounting problems. Plug Power has in fact identified errors in the accounting mainly relating to non-monetary items, including the way in which it classified some costs, which led to lower research and development expenses and a corresponding increase in the cost of revenues; the reported carrying amount of the right-of-use assets; provisions for losses for certain service contracts; and devaluation of some long-term assets.
Bloom Energy is also back in vogue
In general, high stocks linked to alternative energies such as Bloom Energy (+ 5.8% today). Bloom Energy, which traditionally uses natural gas to generate electricity, recently switched to using hydrogen and announced in late September that is taking orders for its hydrogen-powered fuel cells and will begin shipping them to customers in 2022.