CleanTechnica•about 1 month ago
Hydrogen’s Recapitalization Cycle: Thirty Years of Survival Without Profit
- •Established hydrogen and fuel cell companies (e.g., Ballard Power, FuelCell Energy, Plug Power) have a long history, with some technologies dating back 30-60 years.
- •These companies have navigated repeated cycles of market enthusiasm and subsequent disappointment, indicating significant volatility in the sector.
- •Despite decades of operation, the industry has largely failed to achieve sustained profitability, relying on continuous recapitalization to survive.
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