Rely to lead pre-FID studies for Verso Energy’s global e-SAF projects
Rely will perform basic engineering, pre-FEED and FEED studies for its plants in France, Finland and the US.
Rely will perform basic engineering, pre-FEED and FEED studies for its plants in France, Finland and the US.
At Titan’s Texas facility, they will engineer EH2’s first commercial plant, deploying the same expertise and workers it would use to build traditional oil and gas infrastructure.
Ballard Power Systems will provide fuel cell systems totalling 5MW to the Egyptian truck and bus manufacturer.
Having never logged a profit in its 28-year history, the company sits on an accumulated deficit of $6.6bn.
Market demand and technological challenges continue to confront hydrogen mobility operators, with cuts to fuelling infrastructure being applied in the US, Germany, and Poland, and the closure of a US fuel cell and truck firm.
“While we made great strides in improving cash flows in 2024, it is clear based on market dynamics that we have to make additional strides,” said Plug CEO, Andy Marsh.
The troubled US hydrogen fuel cell and truck firm implemented the mechanism after two prior attempts to hold the liquidation vote failed due to insufficient shareholder participation.
Bosch said the $200m expansion has been delayed after the hydrogen fuel cell mobility market experienced “significant changes over the past year.”
Ballard President and CEO, Randy MacEwen, tells H2 View about how the fuel cell maker is restructuring, cutting costs and fighting for long-term success in a tough hydrogen market
Its hydrogen-powered trucks have been recalled as the bolts may be too long and could damage the tank – therefore increasing the risk of a hydrogen leak and, potentially, a fire.
