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TheHydrogenBull @thehydrogenbull.bsky.social · 18h

3/...reversing the runoff of backlog (i.e., adding new orders) as evidenced by the "Future Revenue" data from Plug's SEC filings per the table below. The table potentially shows some initial progress in that regard in the Materials Handling business ("Hydrogen Infrastructure").

TheHydrogenBull @thehydrogenbull.bsky.social · 18h

2/...is $7.00 from H.C. Wainwright and the lowest is $0.75 from Citi (I think). Market conditions for Plug are improving and the Company is making progress bringing costs and CapEx in line. Going forward, I believe that a key to the stock taking the next leg up will be...

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TheHydrogenBull @thehydrogenbull.bsky.social · 18h

After bottoming out in May and June this year at $1.78, the average Wall Street analyst target price for #PlugPower has gradually recovered to $2.33 based on 17 data points that I can see. The highest estimate...(1/3) $PLUG #hydrogen #fuelcell #datacenter #electrolyzer #EnergySky #GreenSky

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TheHydrogenBull @thehydrogenbull.bsky.social · 1d

9/...buses and remove some charging infrastructure currently residing downtown.

TheHydrogenBull @thehydrogenbull.bsky.social · 1d

8/...plans to expand to 10MW by 2027. Lastly, in September, Vienna launched operations of its first 10 hydrogen buses built by an Italian manufacturer called #Rampini. The longer range of the hydrogen buses relative to the battery models previously in service will enable Vienna to use fewer...

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TheHydrogenBull @thehydrogenbull.bsky.social · 1d

7/...In Munich, the transportation authority has taken the step to switch to certified green hydrogen (“RFNBO”) supplied by HY2B using a 5MW #Nel electrolyzer. #HY2B employs a smart energy management system to optimize use of surplus renewable energy (thereby stabilizing grid) and...

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TheHydrogenBull @thehydrogenbull.bsky.social · 1d

6/...In Northern California, the Stanislaus transit authority approved plans build a new bus depot that will include a hydrogen fueling station to support the transition from diesel to hydrogen by 2040. Three hydrogen buses will be put into service early next year...

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TheHydrogenBull @thehydrogenbull.bsky.social · 1d

5/...with #CleanEnergyFuels to build a second hydrogen fueling station as its fuel cell fleet goes from 33 buses to 52 buses. The new fueling station will come online in mid-2026. Pasadena itself separately approved the purchase of 17 hydrogen powered buses intended to enter service in 2027...

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TheHydrogenBull @thehydrogenbull.bsky.social · 1d

4/...unveiled its 2026 “Universe” hydrogen bus in August with a range of 960km on one tank. The bus recently completed successful testing in the mountains near #Neom, Saudi Arabia. In California, which leads the US in hydrogen transportation, Foothill Transit near Pasadena has contracted...

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TheHydrogenBull @thehydrogenbull.bsky.social · 1d

3/...Isuzu separately announced it will begin testing Cummins hydrogen combustion engines on Kendo brand buses for intercity routes in European market. Relative to fuel cells, hydrogen combustion engines can be introduced with much less redesign of a bus’s engine bay. In South Korea, #Hyundai...

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TheHydrogenBull @thehydrogenbull.bsky.social · 1d

2/...At the end of September, Isuzu and Toyota announced a partnership that will begin mass producing hydrogen city buses in Japan in 2026. The partnership intends to lower costs, improve efficiency and performance while addressing the unique needs of the passenger bus market...

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TheHydrogenBull @thehydrogenbull.bsky.social · 1d

A flurry of recent announcements highlights the maturation of the global #hydrogen city bus sector as incumbents increase investment and the painstaking work of building out infrastructure continues...(1/9) $TM $ISUZY $BLDP $NFI $APD #fuelcells #EnergySky

www.electrive.com/2025/09/29/i...

Isuzu and Toyota announce fuel cell bus for 2026 - electrive.com

Isuzu and Toyota plan to launch a fuel cell bus in the coming financial year and manufacture it at their Utsunomiya plant in Japan. J-Bus, a 50:50 joint

www.electrive.com

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TheHydrogenBull @thehydrogenbull.bsky.social · 2d

Hydrogen-oriented ETFs are significantly outperforming broader based ETFs year-to-date thru 10/3, largely on the back of heavy weightings to Bloom Energy (+306% YTD) and Plug Power (+79% YTD) shares. $BE $PLUG $HYDR $HTWO $HDRO #fuelcells #electrolyzers #hydrogen #EnergySky #GreenSky

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TheHydrogenBull @thehydrogenbull.bsky.social · 6d

10/...Bloom’s recent deal with Oracle, for example, appears to employ a BTM configuration. Of course, for these BTM configurations, Bloom will still have to compete with smaller scale turbines such as those produced by #BakerHughes $BKR and generators such as those produced by #Cummins $CMI.

TheHydrogenBull @thehydrogenbull.bsky.social · 6d

9/...other hand, Bloom’s fuel cells can be scaled according to the needs of the data center and are designed to be co-located or proximate-located to the end user. And in many cases, a BTM configuration that eliminates the local utility as a middleman will simplify the transaction...

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TheHydrogenBull @thehydrogenbull.bsky.social · 6d

8/...recently revealed in a Wisconsin state filing comes through, it could absorb a lot of Bloom capacity until new capacity comes on line in 2026). Moreover, Bloom says its fuel cells are approaching cost parity as its costs decline and the cost of turbines goes up. On the...

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TheHydrogenBull @thehydrogenbull.bsky.social · 6d

7/...improvements and creation of a two-tiered system. Bloom’s solution responds well to both of these paradigm shifts. On the one hand, Bloom has had available manufacturing capacity and says it can deploy its fuel cells in 6 months. (A caveat is if the 900MW BFC deal...

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TheHydrogenBull @thehydrogenbull.bsky.social · 6d

6/...capacity that would be directly connected rather than running through a regional electric grid which might also be capacity constrained. Historically, some states and utilities have resisted BTM due to concerns about optimizing generation capacity, cost sharing for grid...

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TheHydrogenBull @thehydrogenbull.bsky.social · 6d

5/...have increased from $800/kw to $2,800/kw just since 2021. At the same time, the Trump administration is strongly supporting Behind-The-Meter (BTM) solutions for large loads. Under this “bring your own energy” model, data centers could build their own co-located generation..

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TheHydrogenBull @thehydrogenbull.bsky.social · 6d

4/...Only recently have those three companies gained sufficient confidence in the demand curve to begin adding capacity which is time consuming and expensive to do for these large, high-tech products. As a result, not only does it take time to acquire a turbine but prices...

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TheHydrogenBull @thehydrogenbull.bsky.social · 6d

3/...conditioning, EVs and other industrial growth. However, the market for utility scale gas turbines is effectively sold out through the end of the decade. Three companies (#gevernova, #siemensenergy and #mitsubishiheavyindustries) dominate the utility scale turbine market...

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TheHydrogenBull @thehydrogenbull.bsky.social · 6d

2/...second, Axios highlights strong Administration support for Behind-the-Meter solutions in the US. As has been widely discussed in the press, the world desperately needs new energy generation capacity to meet surging demand due to data centers, air...

www.axios.com/newsletters/...

Axios Future of Energy - 1 big thing: Data centers should prepare to bring their own power, Wright says

www.axios.com

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TheHydrogenBull @thehydrogenbull.bsky.social · 6d

Two recent articles help explain growing interest in Bloom Energy’s #fuelcell offering. First, Bloomberg explains why the shortage in utility scale gas turbines is unlikely to resolve quickly; and…(1/10) $BE $ENR $GEV #hydrogen #datacenter #EnergySky #GreenSky

www.bloomberg.com/features/202...

AI-Driven Demand for Gas Turbines Risks a New Energy Crunch

Orders for turbines to power natural gas plants are vastly outpacing supply, threatening the world’s ability to keep pace with rising electricity demand.

www.bloomberg.com

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TheHydrogenBull @thehydrogenbull.bsky.social · 8d

6/...In July, Repsol cancelled a 4th major project to be located in Puertollano, citing unfavorable economics.

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TheHydrogenBull @thehydrogenbull.bsky.social · 8d

5/... 150MW plant in Tarragon by mid-2026. While each of these projects has received grant awards from the government, Repsol management has said that complying with RED III directives has been the primary catalyst for moving forward with the projects.

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