Westport Fuel Systems’ Post

Today we announced for second quarter financial results for our 2024 fiscal year. Our teams delivered EPS above our guidance this quarter with double-digit earnings growth driven by margin expansion in all three of our segments, while continuing to navigate a dynamic global market environment. I am pleased that our orders improved sequentially across all segments and our cash generation model resulted in strong first-half free cash flow, which was up 32% year over year and set a company record. Building upon our performance this quarter, we expect to deliver strong earnings growth and margin expansion both in the third quarter and for the full fiscal year. We continue to invest in key mega trends, including hybrid and electric vehicles, renewable energy and artificial intelligence, where our global position and industry-leading innovations are helping our customers advance their technology while driving our long-term profitable growth.

Hydrogen Fuel Cell Buses Global Market Report 2023 - Fuel Cell Buses Emerge as a Sustainable and Clean Alternative to Traditional Diesel and Gasoline Buses “The “Global Market for Hydrogen Fuel Cell Buses 2023” report has been added to ResearchAndMarkets.com’s offering. Over the past few years, the prices of hydrogen fuel cell buses (FCBs) have fallen dramatically, leading many companies to begin deploying them actively. The fuel cell bus market will generate a cumulative revenue of $73.4 billion over the next 15 years. By then, hydrogen FCBs will be the fastest-growing segment of the bus market. The momentum for FCBs can be gauged by the fact that over 40 companies are producing buses based on the technology. Advances in technology and manufacturing are reducing the cost of fuel cells and other components used in hydrogen buses. These advances are further helping drive down the cost of these buses and increasing their deployment rate. Because of their lower costs, battery-electric buses have seen a faster adoption among zero-emission buses. However, hydrogen FCBs will see accelerated growth over the next 15 years, the forecast period of this study. By 2030s, the prices of hydrogen fuel cell vehicles will decline considerably, the cost of hydrogen will come down to less than $2.0, and the fueling infrastructure for hydrogen FCBs will become widespread. So far, China has seen the highest growth of hydrogen FCBs, and the country will continue to be a leader in this space. Besides China, Asian countries rapidly adopting these buses include Japan and South Korea. Many European countries are witnessing an uptake in sales of these buses. Several U.S. and Canadian states are in various stages of entering this market as are many Latin American countries. The prices of hydrogen FCBs are still substantially higher than those of electric buses. However, hydrogen buses offer some significant advantages that make them attractive. These advantages include the ability to travel longer distances, rapid and standardized fueling, better maneuverability, and the capability to carry heavier loads. Until now, the growth of FCBs has been hampered by a lack of hydrogen fueling stations. Most hydrogen stations were built for passenger vehicles, but now there is an uptick in the deployment of hydrogen stations for buses and trucks. The fuel cells used in hydrogen buses have high energy efficiency. They have more energy per unit mass than diesel or gasoline. With more than 15 years on the road and millions of km in passenger service, hydrogen FCBs have proven their performance and demonstrated reliable operation and extended daily drive cycles during all seasons and in challenging geographies”… https://lnkd.in/eUZE_WsM

E.ON continues to invest in the energy transition and remains on growth path. That shows the half-year financial report for 2023. #energytransition #energy #eon

What are your predictions for the oil and gas industry?

This morning, on Exelon’s fourth quarter 2023 earnings call, CEO Calvin Butler and I were pleased to share that despite multiple headwinds, we delivered another year of strong financial and operational results, building the foundation for continued growth in 2024. If you missed it, here are some of my top takeaways: • All our local energy companies achieved top quartile performance in reliability. • We met our 2023 commitments, including delivering earnings within the top half of our guidance range and focusing on customer affordability though energy efficiency and assistance programs, plus pursuing long-term efficiencies. • We’re investing $35 billion over the next four years to serve our customers and support the energy transformation as affordably and efficiently as possible. Want to learn more about our Q4 results? Read here: http://spr.ly/6040ndJIp

Check out this month's #GeneralEnergyForecast and #bigannouncement link to the Big Announcement page https://bit.ly/3MhG2yU

Slow but sure. Continuous growth. https://lnkd.in/eVitkp-4

Infrastructure funds are key to the global energy transition, opening doors to new opportunities in hydrogen, transportation, and carbon capture. Niall Mills from Igneo Infrastructure Partners discusses how infrastructure investments can drive value in a changing energy landscape. Read more: https://okt.to/SfysiN #Infrastructure #EnergyTransition #RenewableEnergy