L.A. Kicks Coal As It Fires Up The World’s Largest Green Hydrogen Power Plant https://t.co/DXVVOEnCB2 ...

L.A. Kicks Coal As It Fires Up The World’s Largest Green Hydrogen Power Planthttps://t.co/2WjbaRuGic https://t.co/8eIuDgMHBu ...

MISSISSAUGA, Ontario, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (TSXV: NXH, OTC: NXHSF) ("Next Hydrogen" or the "Company"), announces that it has changed its auditor from KPMG LLP ("Former Auditor") to MNP LLP ("Successor Auditor"). The Former Auditor resigned at the request of the Company effective November 30, 2025, and the board of directors of the Company appointed the Successor Auditor as the Company's auditor effective December 1, 2025, until the next Annual General Meeting of the ...

Core Viewpoint - Plug Power's stock, currently trading below $2 per share, has seen a significant increase of over 140% in the past six months, yet the company remains unprofitable and faces substantial challenges ahead [1][2]. Financial Performance - Plug Power generated $629 million in revenue in 2024, which represents a 29% decline from 2023, and the company has never turned a profit since its inception [2][3]. - The company projects ambitious revenue targets of $1.2 billion for 2023, $6 billion by 2027, and $20 billion by 2030, but these goals appear increasingly unrealistic given current performance [2]. Cash Flow and Funding - Plug Power has been burning cash and relies heavily on debt and stock issues to raise funds, indicating a precarious financial situation [5]. - The company recently raised additional funds to repay high-cost debt and refinance loans, but it still struggles to generate positive cash flows [7]. Growth Plans and Challenges - Plug Power's growth is significantly dependent on a $1.66 billion loan guarantee from the Department of Energy, which is now in jeopardy due to political changes [8]. - The company has paused activities related to the DOE loan program, which could lead to the termination of the loan commitment and hinder future access to federal funding [9][10].

Core Insights - Plug Power Inc. (PLUG) and Flux Power Holdings, Inc. (FLUX) are key players in the clean energy market, focusing on advanced energy storage solutions for commercial and industrial applications [2] - PLUG is experiencing growth in the green hydrogen market, while FLUX is facing challenges due to declining customer orders and rising costs [3][9] Plug Power Analysis - PLUG's revenues increased by 2% year over year in Q3, with a 10.8% surge in the first nine months of the year, driven by its electrolyzer product line [4] - The company signed a deal in October 2025 to deliver up to two GW of GenEco PEM electrolyzer systems, increasing its total contracted capacity to five GW [5] - PLUG's Project Quantum Leap aims to enhance cash flow and reduce cash burn, focusing on sales growth and inventory management [6] - Despite growth, PLUG reported a negative gross margin of 67.9% in Q3 2025 and an operating cash outflow of $387.2 million in the first nine months [7] - Revenues from equipment and related products declined by 9.7% year over year to $96.8 million in Q3 2025 [8] Flux Power Analysis - FLUX's revenues declined by 18% year over year in Q1 fiscal 2026 due to lower customer orders and a shift to lower-priced products [9] - The company faced a 2.5% increase in cost of sales and a 12.2% rise in total operating expenses in fiscal 2025 [11] - FLUX's liquidity issues led to reliance on debt and equity financing, exiting Q1 with an accumulated deficit of $108.9 million and a net loss of approximately $2.6 million [12] - Despite challenges, FLUX is focused on launching new products and upgrading existing ones to align with industry trends [13] Financial Estimates - The Zacks Consensus Estimate for PLUG's 2025 sales is $701.8 million, indicating an 11.6% year-over-year growth, with a projected loss of 80 cents per share [14] - For FLUX, the fiscal 2026 sales estimate is approximately $66.1 million, reflecting a 0.5% decline year over year, with a projected loss of 23 cents per share [15] Stock Performance - Over the past six months, PLUG's shares have increased by 145.8%, while FLUX's stock has decreased by 6.1% [16] - Both companies are currently trading at a negative forward price-to-earnings ratio [17] Conclusion - PLUG's strategic partnerships, innovative product offerings, and strong position in the green hydrogen market suggest a more favorable long-term outlook compared to FLUX, which is hindered by declining orders and rising costs [18][19]

Core Insights - Fusion Fuel Green PLC's subsidiary, Bright Hydrogen Solutions Ltd, has signed a definitive contract for a green hydrogen project in southern Europe, marking a significant step in the company's expansion in the hydrogen sector [1][4] - The contract is valued at approximately €1.7 million and involves the delivery of an electrolyzer system and hydrogen refueling station for a large construction company, supporting the region's clean mobility and renewable energy initiatives [2][3] - Engineering work has commenced, with key equipment production underway, and the facility is expected to be completed, installed, and commissioned in 2026, contributing to the hydrogen ecosystem in the region [3][4] Company Overview - Fusion Fuel Green PLC is an emerging leader in the energy services sector, providing a comprehensive suite of energy supply, distribution, and engineering solutions through its subsidiaries, including BrightHy Solutions and BioSteam Energy [4][5] - BrightHy Solutions focuses on hydrogen production through electrolysis, offering engineering and advisory services across the hydrogen production value chain, emphasizing safety, reliability, and efficiency [5]

Core Viewpoint - Plug Power is facing significant challenges following its decision to suspend development on six green hydrogen plants, which were crucial to its growth strategy and tied to a $1.6 billion loan guarantee from the U.S. Department of Energy. This has led to a sharp decline in its stock price and raised concerns about its financial stability and future profitability [4][5][10]. Company Overview - Plug Power specializes in hydrogen fuel cell technologies and is building a comprehensive green hydrogen ecosystem that includes production, storage, delivery, and energy generation. The company has a market capitalization of $2.94 billion [2]. Financial Performance - In Q3 2025, Plug Power reported a revenue increase of 1.9% year-over-year to $177.1 million, surpassing Wall Street estimates. However, the company also reported substantial losses, with an operating loss of $348.8 million and a net loss of $363.4 million [11][12]. - The company has made progress in reducing cash burn, with net cash used in operating activities decreasing by 49% year-over-year [13]. Strategic Shift - Plug Power has decided to pivot towards data centers, suspending activities related to the DOE loan and focusing on selling electricity rights to AI data centers, which is expected to generate over $275 million in cash [9][10]. - This strategic realignment has raised questions among investors about the company's long-term viability and access to low-cost federal financing [3][10]. Analyst Sentiment - Wall Street analysts maintain a cautious stance on PLUG stock, with a consensus "Hold" rating. Among 23 analysts, five rate it a "Strong Buy," 14 suggest holding, and four assign a "Strong Sell" rating. The mean price target indicates a potential upside of 44.7% from current levels [15].

Core Insights - SunHydrogen, Inc. has signed a new Memorandum of Understanding (MoU) with CTF Solar GmbH to advance the development of renewable hydrogen technology using sunlight and water [2][3] - This expanded MoU builds on previous agreements and aims to enhance device performance, initiate pilot manufacturing, and prepare for large-scale module development [3][4] Collaboration Details - The new agreement outlines a framework for engineering, pilot manufacturing, and large-scale module development, targeting improvements in solar-to-hydrogen efficiencies [3][4] - Plans include the production of approximately 1000 full-size modules for pilot demonstrations and aligning with high-volume manufacturing processes for hydrogen modules and proprietary catalysts [4][7] Strategic Importance - The partnership is positioned as a significant step towards scalable hydrogen production, with the announcement made at the China International Import Expo, highlighting its global significance [5] - Both companies are focused on finalizing a Phase 1 Collaboration Agreement within 30 days to specify milestones and resource contributions [6] Company Background - CTF Solar GmbH, a subsidiary of China National Building Materials Group, has over two decades of experience in thin-film photovoltaic technology, which complements SunHydrogen's innovations [7] - SunHydrogen aims to become a major technology supplier in the hydrogen economy, targeting a market projected to exceed $1 trillion annually by 2050 [9]

Core Insights - The UK government is backing the development of the largest electrolyzer installation in the country, expected to be operational in 2027, aimed at supplying green hydrogen for local industrial decarbonization [1][5] Group 1: Project Details - Plug Power Inc. has secured a 55 MW equipment supply and long-term service agreement for three green hydrogen projects in the UK, marking the largest combined electrolyzer supply contract in the country to date [1][5] - The Barrow-in-Furness Hydrogen project will utilize six 5 MW Plug Power GenEco PEM electrolyzers to generate hydrogen using renewable electricity, with a secured offtake agreement with Kimberly-Clark [2] - The Trafford Green Hydrogen project will feature 15 MW of GenEco PEM electrolyzers and is designed to support decarbonization across various sectors in Greater Manchester, expected to begin operations in 2027 [3] - The Langage Green Hydrogen project will include two 5 MW Plug Power GenEco PEM electrolyzers, producing green hydrogen for industrial decarbonization and potentially for transport and heating networks as demand increases [4] Group 2: Government Support and Strategic Importance - All projects are supported by the UK Government's Hydrogen Business Model, with final investment decisions expected for Barrow-in-Furness and Trafford projects by the end of 2025, and for Langage in Q1 2026 [5] - These projects are positioned to drive the hydrogen economy in Northwest England and strengthen the UK's regional hydrogen infrastructure, supporting a diverse network of hydrogen users [5] Group 3: Company Positioning and Market Strategy - Plug Power is enhancing its leadership in the European hydrogen market, with a $2 billion global opportunity pipeline and advancing multi-gigawatt electrolyzer projects in Spain and the UK [7][8] - The company operates the largest electrolytic liquid hydrogen plant in the U.S. and is expanding its generation network to ensure reliable, domestically produced hydrogen supply [10] - Plug Power's GenEco electrolyzers are noted for their industry-leading efficiency and reliability, supported by long-term service solutions [6]

Industry Trend - China is increasing green hydrogen capacity, signaling continued government support for the sector [1] - The green hydrogen sector plays a central role in decarbonizing emissions-heavy industries [1]