The newly-listed Siemens Energy has signed a memorandum of understanding with Siemens Mobility to “jointly develop and offer hydrogen systems for trains.”

Announced on Monday, the partnership is the latest example of companies attempting to ramp up and expand the use of hydrogen fuel-cell technology.

The collaboration will look to produce “a standardized hydrogen infrastructure solution for fueling the hydrogen-powered trains of Siemens Mobility.”

In addition, the idea is that the products of the partnership will be offered to external customers in order to “promote the hydrogen economy in Germany and Europe and support decarbonization in the mobility sector.”

The broad aim is to link up Siemens Energy’s work on the production of green hydrogen – a term that refers to hydrogen produced using renewable sources such as wind and solar – with Siemens Mobility’s specialism in transportation.

According to the International Energy Agency (IEA), hydrogen is a “versatile energy carrier.” Generating it does have an environmental impact, however.

The IEA has said that hydrogen production is responsible for roughly 830 million metric tons of carbon dioxide each year. It’s within this context that the idea of green hydrogen is so attractive.

“Working together with Siemens Mobility, we want to drive sector coupling by developing, among other things, an electrolysis and fueling solution for the fast fueling of hydrogen-powered trains,” Armin Schnettler, who is executive vice president of Siemens Energy’s New Energy Business, said in a statement.

Siemens shareholders voted to spin off the industrial giant’s energy business back in July. The standalone firm, Siemens Energy, made its debut on the Frankfurt Stock Exchange last week. Its largest shareholder is Siemens. Siemens Mobility remains part of the larger Siemens organization.

Hydrogen fuel-cell plane

Elsewhere, trials of a hydrogen-powered train in the U.K. got underway at the end of September, while

(Bloomberg) —


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Spain is stepping up its efforts to enter the race to build a hydrogen industry, putting it on par with France and Germany in seeking a greener fuel for heavy industry.

The government in Madrid has a roadmap to build 4 gigawatts of green hydrogen capacity by 2030 and is expected to announce Cabinet approval of the program on Tuesday, according to Sara Aagesen, the secretary of state of energy. The program would require an investment of 8.9 billion euros ($10.5 billion) within the next decade. 

“Things are getting very competitive,” Aagesen said in an interview on Monday. “Spain has the capacity to become a relevant player in the renewable hydrogen sector by taking advantage of our high potential of generating renewable power at very competitive prices.” 

The European Union has put hydrogen at the heart of its measures to cut greenhouse gas emissions by at least 55% in 2030 and to become climate neutral by 2050. Hydrogen, if it’s made with renewables, could replace oil, natural gas and coal and help eliminate about a third of emissions from industries like steel and cement by mid-century, according to BloombergNEF. The processes to make green hydrogen aren’t yet economically viable without government support. 

Spain’s plan includes 60 measures that will help establish a hydrogen supply chain, according to a government document seen by Bloomberg. The roadmap targets manufacturing plants with a capacity to make 300 to 600 megawatts of hydrogen from renewables by 2024 and 4 gigawatts by 2030. That would represent 10% of the EU’s target, which is for 40 gigawatts by 2030. Spain plans to start measuring hydrogen production by energy source and to review targets at least every three years. 

graphical user interface: Hydrogen Dreams

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Hydrogen Dreams

The government has not yet established how much of the

a close up of a box: 3d render image of hydrogen energy fuel cell from Plug Power

© Source: Shutterstock
3d render image of hydrogen energy fuel cell from Plug Power

Fuel cell pioneer Plug Power (NASDAQ:PLUG) seeks to function as an integral part of the hydrogen economy of the future. PLUG stock is a pure play in this niche market, and the company is well known among traders seeking to cash in on the clean-hydrogen, zero-emission fuel-cell economy.

a close up of a box: 3d render image of hydrogen energy fuel cell from Plug Power

© Provided by InvestorPlace
3d render image of hydrogen energy fuel cell from Plug Power

It hasn’t always been an easy ride for PLUG stock holders. It’s no secret that the share price has declined sharply in the past. On the other hand, patient shareholders have enjoyed robust gains in 2020 so far, even amid a global pandemic.

Even in a solid year, though, PLUG shareholders have had to cope with wild bouts of volatility along the way. There’s been no shortage of news developments for Plug Power, but it’s often difficult to predict how the market will react in the short term.

The best approach is to consider whether Plug Power is going down the right path and position yourself accordingly. Recent developments, in my humble opinion, tend to indicate that the company is diligently and effectively preparing for a clean-energy economy.

A Closer Look at PLUG Stock

If you can’t handle sharp moves in both directions, then PLUG stock definitely isn’t your cup of tea. You’d be better off owning shares of a more established company with a bigger market capitalization.

Just the past couple of months should give you an idea of how wiggly and wobbly PLUG stock can be. In August and September, PLUG has been bouncing around between $11 and $14. It’s hard to tell who will win in the tug-of-war between the bulls and the bears.


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