No Confirmed Collaboration Between Plug Power and BASF on Hydrogen Technology

Published 19 hours agoPLUG

No Confirmed Collaboration Between Plug Power and BASF on Hydrogen Technology

As of May 10, 2025, there is no official information regarding a partnership between Plug Power and BASF to use BASF's purification technology for hydrogen liquefaction. While both companies are actively involved in hydrogen production and technologies, no public announcements have confirmed a collaboration focused on this specific application.

BASF has been making strides in hydrogen initiatives, such as the commissioning of a 54-megawatt electrolyzer at their Ludwigshafen site to produce zero-carbon hydrogen, as reported by BASF. Moreover, they have partnered with Shell to qualify technologies like Puristar® and Sorbead® for green hydrogen purification.

On the other hand, Plug Power has expanded its efforts in the hydrogen sector, starting the production of liquid green hydrogen at its Georgia plant in January 2024. They also acquired a hydrogen liquefaction system from Chart Industries back in March 2021 to bolster their green hydrogen strategy. Despite these activities, no direct collaboration between Plug Power and BASF has been identified in terms of hydrogen purification and liquefaction.

Share this article

Twitter Facebook LinkedIn

Recent Articles

SharkNinja Shines with Strong Sales and Stock Surge

SharkNinja Shines with Strong Sales and Stock Surge

16 minutes agoSN

SharkNinja, a renowned name in home appliances, recently caught the spotlight as a promising investment option due to its striking financial success. In the first quarter of 2024, the company reported a remarkable 24.7% surge in sales, reaching $1.07 billion and surpassing expectations of $950 million. This growth was primarily fueled by impressive performance in its food preparation, cooking & beverage appliances, and other product categories. Backing this strong performance, several financial institutions have revised their outlook on SharkNinja, boosting the company's stock price targets. Jefferies Financial Group notably upped its price target from $115.00 to $150.00, sustaining a 'buy' rating. Such adjustments reflect increased confidence in SharkNinja's projected growth and market performance. SharkNinja's innovation is driving its expanding portfolio, including launches in new areas like ice cream makers and outdoor grills, alongside fresh offerings in established categories such as vacuums and beverage appliances. Looking ahead, the company plans to introduce new cooling products and fans. Since its public listing in July 2023, SharkNinja's stock has climbed significantly, hitting new highs with its compelling earnings, reported by proactiveinvestors.com.

Chipotle Stock Edge Down Amid Broader Market Challenges

Chipotle Stock Edge Down Amid Broader Market Challenges

31 minutes agoCMG

Chipotle Mexican Grill's stock saw a slight decrease, trading at $49.72 per share as of May 10, 2025. This reflects a minor dip of 0.32% from its previous closing price, a movement that's part of a broader pattern for the company in recent months. Despite these fluctuations, the stock opened higher at $51.27, with an intraday volume reaching 16,064,237 shares. The company recently faced challenges, leading to a downward revision in its annual comparable sales growth forecast. This adjustment, as Reuters reported, was necessary due to ongoing inflation and economic uncertainties impacting consumer dining preferences. These external pressures have forced Chipotle to adapt its expectations even as it navigates the current economic landscape. In light of these market pressures, some analysts see potential in Chipotle's stock despite the current dip. Analysts mention the company's consistent strong performance in comparable sales growth and ambitious expansion efforts as reasons to consider the pullback an attractive buying opportunity. These factors contribute to the current discourse among investors about Chipotle's position amidst market challenges.

Peloton CEO McCarthy Steps Down Amid Major Restructuring

Peloton CEO McCarthy Steps Down Amid Major Restructuring

46 minutes agoPTON

Peloton's CEO, Barry McCarthy, has resigned amidst substantial restructuring efforts at the company. In the wake of his departure, Karen Boone, Peloton's chairperson, and Chris Bruzzo, a director, have been named interim co-CEOs, The Guardian reported. This leadership change occurs as Peloton seeks to navigate organizational challenges and revitalize its operation. The restructuring plan includes significant workforce reductions, with about 15% of Peloton's global employees, approximately 400 individuals, set to be laid off. Business Insider noted that this move is part of broader cost-cutting initiatives aimed at saving over $200 million annually by the end of fiscal 2025. Additional measures include closing more retail showrooms and revising the company's international strategy, reflecting Peloton's need to streamline operations. Despite these efforts, Peloton reported a significant financial setback, with a fiscal third-quarter loss of $167.3 million and a decrease in revenue to $717.7 million, compared to $748.9 million in the same period last year. A report from Costar highlighted that these actions are part of Peloton's strategy to align its cost structure more closely with its current business scale while aiming for sustained positive free cash flow in the future.

Google's Bold Move into Nuclear Energy with Elementl Power Partnership

Google's Bold Move into Nuclear Energy with Elementl Power Partnership

1 hours agoGOOGL

Google has entered into a significant partnership with Elementl Power to develop three advanced nuclear energy sites. Each site is expected to generate 600 megawatts of power, a response to the surging electricity demands spurred by the growing use of artificial intelligence technologies. This collaboration emphasizes Google's commitment to meeting its energy needs through sustainable, carbon-free sources. While Google's investment details in the project remain undisclosed, the initiative places the company alongside other major tech giants such as Amazon and Microsoft. These companies are increasingly looking to nuclear energy to power their extensive data center operations. Reuters reported that this aligns with a larger industry trend towards integrating nuclear energy to manage the immense power demands of modern technology infrastructures. Elementl Power, founded in 2022, emerges as a new player within the advanced nuclear energy sector, which is seeing a rise in innovative reactor designs currently under federal review. Recent legislative efforts in various U.S. states aim to reduce regulatory barriers, thereby fostering an environment conducive to advancing nuclear energy investments. Google's new partnership is a strategic move in this direction, supporting the broader industry shift towards sustainable power solutions.