Editing FuelCell Energy, Inc.
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Thus the average projection of growth of hydrogen production of 8.8% annually is likely to be accurate for the coming years but in the few years before 2030 it is likely to be underplayed. I thus project a great 'surge' in hydrogen production towards 2030 (https://renewablesnow.com/news/hydrogen-production-to-surge-by-2030-as-more-countries-embrace-it-720430/). Analysts have stated that the period post 2020 is the time hydrogen will become mainstream - going from MW to GW (https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2020/Dec/IRENA_Green_hydrogen_cost_2020.pdf). I thus differentiate from the mainstream view that the hydrogen surge will begin after 2030, as illustrated by PWC (https://www.pwc.com/gx/en/industries/energy-utilities-resources/future-energy/green-hydrogen-cost.html). From the political steps taken by governments production and investment should surge 2 or 3 years before 2030. | Thus the average projection of growth of hydrogen production of 8.8% annually is likely to be accurate for the coming years but in the few years before 2030 it is likely to be underplayed. I thus project a great 'surge' in hydrogen production towards 2030 (https://renewablesnow.com/news/hydrogen-production-to-surge-by-2030-as-more-countries-embrace-it-720430/). Analysts have stated that the period post 2020 is the time hydrogen will become mainstream - going from MW to GW (https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2020/Dec/IRENA_Green_hydrogen_cost_2020.pdf). I thus differentiate from the mainstream view that the hydrogen surge will begin after 2030, as illustrated by PWC (https://www.pwc.com/gx/en/industries/energy-utilities-resources/future-energy/green-hydrogen-cost.html). From the political steps taken by governments production and investment should surge 2 or 3 years before 2030. | ||
== Main | == Main competitors == | ||
'''Bloom Energy''' | '''Bloom Energy''' | ||
* Revenue of $462.6 million and Gross margin of 15.4% in the fourth quarter of 2022 but Operating loss of ($40.6) million | * Revenue of $462.6 million and Gross margin of 15.4% in the fourth quarter of 2022 but Operating loss of ($40.6) million ([https://www.bloomenergy.com/news/bloom-energy-reports-fourth-quarter-and-full-year-2022-financial-results/#:~:text=Gross%20margin%20of%2012.4%25%20in,(%24114.5)%20million%20in%202021. https://www.bloomenergy.com/news/bloom-energy-reports-fourth-quarter-and-full-year-2022-financial-results/#:~:text=Gross%20margin%20of%2012.4%25%20in,(%24114.5)%20million%20in%202021.]) | ||
* Revenue of $1,199.1 million in 2022, an increase of 23.3% compared to $972.2 million in 2021; | * Revenue of $1,199.1 million in 2022, an increase of 23.3% compared to $972.2 million in 2021; | ||
** Gross margin of 12.4% in 2022, a decline of 8.0 percentage points compared to 20.3% in 2021. | ** Gross margin of 12.4% in 2022, a decline of 8.0 percentage points compared to 20.3% in 2021. | ||
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'''Linde''' | '''Linde''' | ||
* | * revenue in 2022 was 33.364 billion, up from 30.793 billion in 2021 | ||
* operating profit was 5.369 billion in 2022, up from 4.984 billion in 2021 | * operating profit was 5.369 billion in 2022, up from 4.984 billion in 2021 | ||